XAUUSD H4 โ Technical Analysis ๐
Gold is currently moving inside a descending channel, forming lower highs and lower lows. Price is now consolidating near the lower boundary, creating a possible breakout setup.
๐น Bullish scenario: Break & close above 4160 โ TP 4300 / 4420
๐ป Bearish scenario: Break below 4080 โ TP 4050 / 3980
Key level: 4129
Waiting for a confirmed breakout before considering an entry.
This is technical analysis, not financial advice. Trade with proper risk management.
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