XAUUSD H1 ANALYSIS

XAUUSD Analysis 📉

Price is testing the upper boundary of a descending channel after a strong rebound. As long as resistance around 4100–4115 holds, a rejection could trigger a move back toward the 4020 support zone. A confirmed breakout above the channel would invalidate the bearish outlook and open the door for further upside.

Bias: Bearish below 4115 | Target: 4020 | Invalidation: Strong close above the channel resistance.