XAUUSD | SIMPLE PRICE ACTION — BREAKOUT & RETEST ANALYSISGoldOANDA:XAUUSDDAVID_PRO_TRADERGold is showing a potential bullish shift in market structure after an extended bearish move. Price initially respected the descending trendline while forming a sequence of lower highs and lower lows, keeping the overall structure bearish. The market then formed a double bottom around the swing-low area, indicating that sellers were losing momentum and buyers were beginning to step in. Following this formation, price broke above the descending trendline and the key resistance area, providing the first confirmation of a possible change in short-term momentum. After the breakout, price returned toward the broken resistance zone for a retest. This area is important because previous resistance can potentially act as new support. A successful hold above the retest zone, followed by bullish price action, could support further upside continuation. The chart highlights a 1:4 risk-to-reward setup, with the entry positioned around the retest area and the invalidation placed below the structure. The bullish scenario remains valid as long as price respects the key support and maintains the newly established bullish structure. Key Structure: • Bearish trend and lower-high formation • Double bottom at swing low • Descending trendline breakout • Breakout confirmation • Retest of the broken level • Potential bullish continuation • 1:4 risk-to-reward setup This analysis is based on price action and market structure. Always wait for confirmation and manage risk according to your own trading plan. 📊 Educational purposes only. Trade with proper risk management.