XAUUSD Macro Outlook: Structural Retest at 4,100GoldOANDA:XAUUSDMcLTradesFXXAUUSD Daily Outlook | Macro Bull Flag Breakout & Projected Retest to 4,100 Macro Context & Structure: Gold (XAUUSD) has cleanly broken out of a multi-month falling wedge / bull flag structure on the Daily timeframe. After prolonged consolidation and downward compression from earlier cycle highs, buyers finally stepped in with conviction to initiate structural expansion. Key Technical Observations: - Equilibrium & Immediate Support: Price is currently consolidating above the Daily Equilibrium at 4,328.45. While this level serves as interim support, an immediate impulse upwards lacks deep structural liquidity. - Projected Retest (4,100 Support Zone): The primary setup anticipates a pullback towards the former upper descending trendline / resistance flip around the 4,100 - 4,150 area. A thorough retest of this breakout level is critical to exhaust remaining sell pressure, trap late shorts, and build a strong foundation for high-timeframe expansion. - Momentum Indicators: Divergence momentum has normalized back toward neutral territory (+0.07 shift, neutral bias), allowing the market room to breathe before the next major multi-week leg. Trading Plan: - Setup: Await a controlled corrective decline into the 4,100 - 4,150 demand region. - Confirmation: Look for clear daily rejection wicks and shift in lower timeframe structure within the support band. - Long Targets: Target 1: 4,400 (Local Range Highs) Target 2: 4,600 (Key Structural Resistance) Target 3: 5,000 (Psychological Macro Milestone) - Invalidation: Sustained daily close back inside the wedge below 4,000. Patience is key-never chase market price in the middle of a range. Let the asset come to high-value levels. The plan before. The truth after. Not financial advice - my plan, trade your own.