XAU/USD Bullish Breakout Setup: Trendline Break & 4,200 Target

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XAU/USD Bullish Breakout Setup: Trendline Break & 4,200 TargetGoldOANDA:XAUUSDCRT-ICT-MARKET-GOLD-SIGNALSXAU/USD 15-Minute Analysis Market structure: The chart shows a clear short-term downtrend, with lower highs and lower lows. Price is now approaching a key demand/support zone around 4,120–4,134. Bullish setup: - Entry: 4,133.5 area - Support/Demand: 4,120–4,134 - Stop loss: 4,110.7 - Target: 4,200.6–4,200.9 - Risk/Reward: roughly 1:2.9 The key confirmation is a break above the descending trendline, followed by a hold/retest of the 4,133 area. buyers maintain this level, momentum could extend toward 4,160 → 4,180 → 4,200. Invalidation: A decisive 15-minute close below 4,120, especially below the 4,110.7 stop area, would weaken or invalidate the bullish idea. Overall bias: 🟢 Bullish above 4,133, with 4,200 as the main upside target. This is a technical setup, not a guarantee of price movement.