xauusd h1 analysis

XAUUSD H1 Analysis

Price bounced strongly from the 4680 demand zone and is now testing minor resistance around 4760. Momentum is shifting bullish after a sharp rejection from lows.

If price holds above 4760, expect continuation toward 4840–4880 supply zone. However, rejection here could lead to a retest of 4700–4680 support.

Bias: Bullish above 4760

Key Levels: 4760 resistance flip | 4680 support