XAUUSD H1: Breaking Trendline, Heading Towards 4,175

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XAUUSD H1: Breaking Trendline, Heading Towards 4,175GoldOANDA:XAUUSDRaekwon_foxThis time, the rebound in gold is no longer simply a technical reaction from the bottom. The price has decisively broken the descending trendline, crossed back above the EMA cluster, and maintained above the newly reclaimed structural area. The 4,065–4,080 area is now acting as new support, coinciding with the untested upward momentum of the rising FVGs. If XAUUSD continues to hold this area, the upward momentum could push the price above 4,100–4,110, then extend to the main resistance zone of 4,150–4,175. The macroeconomic context is also reinforcing the upward trend: the Fed kept interest rates unchanged, while the market probability of a September rate hike has significantly decreased. Gold thus maintained its green color around $4,080 during the morning session. The descending trendline has been broken. As long as the breakout zone is protected, the priority remains waiting for a correction before resuming the uptrend.