XAUUSD Weekly Outlook — Breakout Needs a Retest

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Gold is sitting around 4,378 after breaking the H4 descending trendline.

The structure is improving, but price is now testing the 4,385–4,405 immediate resistance area.

The simple read

A pullback toward 4,290–4,320 would be the cleaner test for buyers.

If this zone holds, Gold may recover toward 4,400 first, followed by the major 4,485–4,510 resistance.

A clean break above 4,510 could later expose the H4 resistance around 4,630.

If 4,290 fails, the major swing support near 4,235 becomes important again.

Key price zones

4,385–4,405 — immediate resistance
4,290–4,320 — key pullback support
4,235 — major swing low
4,485–4,510 — major resistance
4,630 — H4 resistance

The trendline break is encouraging, but I prefer a retest before continuation.

Do not chase the breakout.

Wait for the zone.

Can buyers defend 4,30x and open the path toward 4,500?

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