XAUUSD H1 ANALYSIS

XAUUSD | H1 Analysis

Gold is currently consolidating inside a descending correction after a strong bullish impulse. Price is approaching a key support zone and the lower boundary of the channel. A bullish reaction from this area could trigger continuation toward 4570 – 4595 resistance levels.

📈 Bullish Scenario: Hold above support and break channel resistance for further upside momentum.

📉 Bearish Scenario: A breakdown below support may open the way for a deeper correction before buyers regain control.

Bias: Bullish above support | Buy the dip, target higher resistance zones. #XAUUSD #Gold #Forex #TradingView #MQL5