XAUUSD H4 ANALYSIS

XAUUSD H4 Analysis

Gold is attempting a recovery after respecting the 0.236 Fibonacci support. Buyers are stepping in, but price still needs to break the nearby resistance to confirm a stronger bullish move.

📈 Bullish Scenario:
A sustained breakout above 4285–4385 could open the path toward 4648.

📉 Bearish Scenario:
If price gets rejected at resistance, expect a retest of the 4050 support area.

Bias: Bullish above support, but confirmation above resistance is essential before expecting further upside.

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