XAUUSD – H4 Analysis
XAUUSD is holding above a key support zone after completing a Fibonacci retracement near the 0.786–1.000 area, suggesting buyers are defending the trend. A sustained move above the 0.382–0.236 retracement zone could trigger bullish continuation toward the major resistance around 4350–4400. However, losing the recent swing low would invalidate the bullish outlook and increase downside risk.
Bias: Bullish above support.
Key Levels: Support: 3990–4060 | Resistance: 4257 → 4358.
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XAUUSD H1 Analysis
Gold has broken out of the descending channel and is testing a key resistance zone around 4028–4033. A confirmed break and retest could open the way toward 4045–4060, while rejection from this area may lead to a move back toward 4000. Patience is key—I'm waiting for confirmation before considering a trade.