Gold just smashed through that descending trendline on the 4-hour chart, and the momentum behind this move? Pretty solid. We're seeing XAU trade comfortably above the breakout zone now, which flips the structure bullish if you ask me.

Here's the deal: as long as price respects this breakout area as support, we could be looking at a push toward the yearly peak around $4,381. That's the magnet right now.

Of course, nobody's throwing a party until we see how price behaves on a potential retest. If buyers step in strong near current levels and defend the breakout, continuation looks more than reasonable. But if we slice back below? Then it's back to the drawing board.

Gold's been a wild ride lately, and this setup suggests bulls might finally have the upper hand—at least for now.