xauusd h1 analysis

XAUUSD H1 Analysis

Price is ranging between strong support at 4724–4743 and resistance around 4830–4850. Recent rejection from support shows buying interest, with a potential move toward the upper range.

As long as price holds above 4720, bullish momentum can push toward 4830+. A break above resistance may trigger further upside, while a drop below 4720 will invalidate the bullish outlook and expose lower levels.

Bias: Short-term bullish within range.