XAUUSD H1 ANALYSIS

XAUUSD H1 Analysis

Gold is testing a major resistance zone after a strong bullish rally. Price is holding above key Fibonacci support, keeping the short-term trend positive. A confirmed breakout above 4110–4130 could open the door for further upside, while rejection may lead to a healthy retracement before continuation.

📈 Bias: Bullish

🎯 Targets: 4130 → 4170

⚠️ Key Support: 4040–3990

Trade with confirmation and disciplined risk management.