XAUUSD H4 ANALYSIS

📊 Technical Analysis – XAUUSD

Gold is trading near a key support zone around 420–425 after sustained bearish pressure. Price is approaching the lower boundary of the descending trendline, where a potential bullish rebound may develop.

🔹 Support: 420–425

🔹 Resistance: 440–445

🔹 Bullish Target: 440–445

A confirmed bounce from support could trigger a recovery toward resistance. However, a breakdown below 420 may extend the bearish trend.

Key Insight: Watch for a bullish confirmation near support before considering a recovery setup.

Risk management is essential. Always wait for price confirmation before entering a trade.