XAUUSD — Buy the H4 Trendline RetestGoldOANDA:XAUUSDXAU_Macro_PulseFundamental Analysis Gold stabilized as Brent crude retreated, easing part of the inflation pressure that had recently supported the USD and Treasury yields. However, Middle East developments and the Federal Reserve’s July 28–29 meeting may keep volatility elevated, while persistent rate-hike expectations could limit immediate upside momentum. Technical Analysis On the 4H chart, XAUUSD is trading near 4,052.85 after rejecting the 4,120–4,145 area and pulling back toward the broken bearish trendline. Price is now below the marked 4,060–4,085 FVG, suggesting that a deeper correction may occur before buyers return. The preferred entry is around 3,960–3,987, where the bullish order block, trendline retest, and lower liquidity converge. If this zone holds with confirmation, gold could recover toward 4,085, then 4,140 and the main target near 4,207. Important Key Levels Current price: 4,052.85 Main buy zone: 3,960–3,987 Short-term support: 4,040–4,050 Short-term resistance: 4,060–4,085 Liquidity area: 3,960–3,987 Main target: 4,207 Invalidation: below 3,934.50 Trading Scenario Main Buy Setup Entry: 3,960–3,987 Stop Loss: 3,934.50 Take Profit 1: 4,060–4,085 Take Profit 2: 4,120–4,145 Take Profit 3: 4,207 Buy Condition Wait for price to sweep into the main buy zone and show bullish confirmation. A long lower wick, bullish engulfing candle, failed breakdown, or 4H close back above 3,987 may confirm renewed buyer pressure. If price breaks and holds below 3,934.50, the buy setup is no longer valid. Overall View The recent trendline breakout supports a potential bullish recovery, but price may first clear lower liquidity around 3,960–3,987. The preferred plan is to avoid buying near the current FVG rejection and wait for confirmation from the marked value zone, targeting a recovery toward 4,207. Do you expect gold to sweep the 3,960–3,987 zone before the next bullish expansion?