XAUUSD H4 ANALYSIS

XAUUSD H4 ANALYSIS

๐Ÿ“Š Technical Analysis โ€“ XAUUSD


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


๐Ÿ”น Support: 420โ€“425

๐Ÿ”น Resistance: 440โ€“445

๐Ÿ”น Bullish Target: 440โ€“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.

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