xauusd h1 analysis

XAUUSD H1 Analysis 📊

Gold is reacting from a strong support zone after a clear downtrend. Price is now testing the descending trendline resistance around 4710–4720.

A successful breakout and retest could push the market toward the 4780–4820 supply zone. Failure to break above may continue bearish pressure toward 4480 support again.

🔹 Bias: Bullish above trendline

🔹 Key Resistance: 4780 – 4820

🔹 Key Support: 4480

🔹 Watch for breakout confirmation before entry.