XAUUSD H1: Successful Breakout — Can the Decline Continue?GoldOANDA:XAUUSDMarcus_lawsonLooking at the chart, gold has successfully broken below the ascending trendline and confirmed the move by continuing to trade beneath the breakout zone. Price then made only a shallow rebound to retest the broken area before weakening again, suggesting that sellers are gradually taking control of the short-term trend. What stands out is that the trendline, which previously acted as support, has now turned into resistance. As long as price remains below this area, selling pressure is likely to persist, keeping the 4,020–4,000 support zone as the next key downside target. My preferred approach is to look for selling opportunities if XAUUSD continues to show rejection around the current area. The initial target is the 4,020–4,000 zone, where buying interest may reappear. If price moves back above the trendline and closes firmly above the breakout zone, the bearish scenario will no longer be valid, as buyers would have regained control. This is only my personal view based on technical analysis. Wishing you successful trading!