XAUUSD H1 ANALYSIS

XAUUSD H1 Analysis

Gold is showing signs of a bullish reversal after rejecting the descending channel support. Price has reclaimed key Fibonacci levels, and buyers are targeting the major resistance zone near 4165. A sustained move above resistance could accelerate the bullish momentum.

📈 Bias: Bullish

🎯 Targets: 4135 → 4165

⚠️ Key Support: 4050–4020

The trend favors buyers while price holds above support. Wait for confirmation and apply proper risk management before entering.