Bullish Breakout Retest SetupGoldOANDA:XAUUSDMason_DrakeXAUUSD is trading around 4,059 after breaking above the descending channel and confirming a bullish market structure shift. The supplied chart is M30, with price now correcting from the 4,108 area. The Federal Reserve kept rates unchanged, while unclear guidance pressured the dollar and supported gold. Attention now shifts to the U.S. Q2 GDP advance estimate and June PCE report, both scheduled for 8:30 a.m. ET today. Technical View Gold swept sell-side liquidity near 4,000 before delivering strong bullish displacement through the channel resistance and buy-side liquidity. The current compression suggests another pullback may develop before continuation. The 4,018–4,026 area is the main buy zone, combining the broken channel boundary, previous liquidity and structural support. A bullish rejection or higher-low confirmation from this zone would support a recovery toward 4,078–4,082. Acceptance above that resistance could extend the move toward 4,105–4,112 and the major target at 4,148–4,155. Key Zones Current price: 4,059 Immediate resistance: 4,078–4,082 Main buy zone: 4,018–4,026 Sell-side liquidity: 4,007–4,015 Major resistance: 4,105–4,112 Major target: 4,148–4,155 Bullish invalidation: below 3,996.142 Trading Plan Buy Priority: 4,018–4,026 Condition: wait for a controlled pullback followed by bullish rejection, a liquidity-sweep reclaim or higher-low confirmation. SL: below 3,996.142 TP1: 4,078–4,082 TP2: 4,105–4,112 TP3: 4,148–4,155 Important Note Avoid chasing price around 4,059. The cleaner risk-to-reward remains at the marked buy zone. GDP and PCE may trigger sharp liquidity sweeps. An M30 close below 3,996 would invalidate the bullish setup. Final View Gold remains bullish above the broken descending channel. The preferred setup is a confirmed reaction from 4,018–4,026 before continuation toward 4,080, 4,110 and 4,150. Will gold complete the breakout retest before the next bullish expansion?