XAUUSD H1 ANALYSIS

XAUUSD H1 Analysis

Gold remains under pressure but is approaching a major support zone near 4050. Price is trading below the descending trendline, yet a strong reaction from support could trigger a corrective rally toward the 4190–4235 resistance area.

Bias: Bullish Correction Expected

Key Support: 4050 – 4020

Key Resistance: 4190 – 4235

Watch for bullish confirmation at support before entering. Proper risk management is essential.