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XAUUSD H1: Breaking Sideways — Waiting for a Retest to Confirm

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Price just broke out of the extended sideways consolidation around 4.000–4.038, closing firmly above this zone — a fairly clear breakout signal after several sessions of choppy price action. That said, I'm not rushing to buy right away; I'd rather wait for a pullback to retest the breakout zone before confirming the trend continuation.

I'm favouring buys if price retests the 4.020–4.038 zone and closes solidly above it, stop loss below 4.000 (bottom of the range), first target at 4.060 and a further target at 4.080.

If price falls back and closes below the 4.000 range, this breakout will be considered a false breakout, and I'll stay on the sidelines waiting for a new structure rather than chasing the move.

This is just my personal take based on technical analysis. Wishing you successful trading.
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