XAUUSD (H1) Analysis
Price is testing the lower boundary of the ascending channel, where buyers may step in. A successful bounce could drive the market toward 4200–4210. However, a confirmed break below channel support would weaken the bullish structure and may trigger further downside.
Bias: 🟢 Bullish while above channel support.
Key Resistance: 4200–4210
Key Support: 4135–4100
Trade Idea: Wait for bullish confirmation from support before looking for long opportunities.
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