XAUUSD: Breakout Above 4,137 Opens Path to 4,192 TargetGoldOANDA:XAUUSDEldric_Morran_XAUUSD has staged a strong breakout above the 1.0 Fibonacci level (4,137) after maintaining steady trading above the EMA34 and EMA89. Bullish momentum is robust, with buyers consistently establishing higher highs and higher lows, indicating the continuation of the short-term uptrend. Following the breakout, there is a high probability of a retest of the 4,137 level before the upward momentum extends further. If this area holds and a confirming candlestick pattern emerges, XAUUSD could target the 1.618 Fibonacci level near 4,192—the next technical target for the current trend. Fundamentally, gold continues to find support from a weakening US dollar, declining US bond yields, and safe-haven demand driven by geopolitical risks. These factors provide a solid foundation for XAUUSD's bullish trend. Strategy: Prioritize BUY positions if the price holds above 4,137, targeting 4,192. The bullish scenario is invalidated if the price closes below 4,137 on the H1 timeframe.