📊 XAUUSD H4 Analysis – Gold
Gold is showing bullish recovery and is approaching a key resistance zone around 4200–4240, where the descending trendline may act as a barrier.
🔹 Resistance: 4200–4240 | 4320 | 4400
🔹 Support: 4160 | 4120 | 4080
🔹 Bullish Scenario: A confirmed breakout above 4240 could open the way toward 4320.
🔹 Bearish Scenario: Rejection near resistance may push price back toward 4160–4120.
📌 Key Focus: Watch for an H4 candle close above resistance to confirm bullish momentum.
⚠️ Disclaimer: Educational analysis only. Trade responsibly with proper risk management.
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