XAUUSD H1 ANALYSIS

XAUUSD Analysis

Price has reached a key demand zone after a sustained bearish move within a descending channel. The chart suggests a potential bullish reversal, with buyers defending support around 4090. A breakout above 4180–4200 could confirm recovery momentum and open the path for higher targets.

📈 Bias: Bullish Reversal

🎯 Target: 4200+

🛡️ Support: 4090

⚠️ Confirmation needed above resistance for sustained upside.