XAUUSD Analysis (H1)
Gold remains under bearish pressure inside a descending channel, but price is approaching a key support zone where a short-term corrective rebound could develop. A breakout above the channel resistance may trigger a recovery toward the 4400–4450 area, while failure to hold current support could extend the downtrend.
Bias: Bearish below resistance, bullish correction possible from support.
Key Levels:
🔹 Resistance: 4400 – 4450
🔹 Support: 4250 – 4280
Trade with proper risk management and wait for confirmation before entry.
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