XAUUSD: Retest of 4,130 Could Trigger a New Leg Up

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XAUUSD: Retest of 4,130 Could Trigger a New Leg UpGoldOANDA:XAUUSDJolie_joliXAUUSD has successfully broken above the 4,130 resistance level while maintaining its position above the uptrend line and multiple Fair Value Gaps (FVGs) on the H4 timeframe. This indicates that buyers remain in control, with the former resistance level showing signs of flipping into new support. Following the strong rally, the price may pull back to retest the 4,130 level before continuing the trend. If this area holds and a bullish confirmation candle appears, XAUUSD is likely to extend its gains toward the next supply zone around 4,237. Fundamentally, gold continues to be supported by a weakening US dollar, declining US bond yields, and safe-haven demand driven by geopolitical uncertainties. These factors reinforce the short-term bullish outlook. Strategy: Prioritize BUY positions if the price holds the 4,130 level and a bullish confirmation signal emerges; target 4,237. The bullish scenario is invalidated if the price closes below 4,130 on the H4 timeframe.