XAUUSD 4hr Technical and Fundamental OutlookGoldOANDA:XAUUSDRebornFXTraderXAUUSD 4hr Technical and Fundamental Outlook On the 4-hour timeframe, XAUUSD has delivered a clean and decisive breakout above the major key resistance at 5,100, confirming a bullish structural shift. This level previously acted as a strong ceiling, reinforced by a double-top formation, and the recent breakout signals potential continuation to the upside. However, from a price delivery perspective, we are now watching for a possible liquidity grab below the nearby liquidity zone. This would allow price to rebalance and capture resting orders before confirming further bullish continuation. A successful reclaim and hold above 5,100 could open the path toward the next major resistance around 5,600. From a fundamental standpoint, gold remains supported by ongoing geopolitical risks, particularly the tensions between the United States and Iran. Historically, gold strengthens during periods of uncertainty as investors shift toward safe-haven assets. In addition, continued aggressive gold accumulation by central banks globally is creating a strong underlying price floor, reinforcing the broader bullish outlook. 📊 Bearish Scenario to Consider: A decisive break below 4,900 could invalidate the bullish structure and trigger deeper selling pressure. This scenario would likely align with a more hawkish stance from the Federal Reserve and rising bond yields, which increase the opportunity cost of holding non-yielding assets like gold. 📌 Summary: • Bullish above 5,100 → Target: 5,600 • Watch for liquidity sweep before continuation • Bearish below 4,900 → Potential deeper retracement • Fundamentals currently favor safe-haven demand Always let price confirm the narrative. ⚠️ Risk Disclaimer This analysis is for educational purposes only and does not constitute financial advice. Trading BTC, CFDs, and crypto involves high risk. Always trade responsibly and manage your risk.