XAUUSD H4 Analysis
Gold remains inside a falling channel, but price is approaching a key support zone where buying pressure is increasing. A breakout from the channel could signal a trend reversal.
๐ Bullish Scenario:
A confirmed breakout above channel resistance may drive price toward 4200, with 4300 as the next upside target.
๐ Bearish Scenario:
If the channel holds, sellers could push price back to retest the recent lows before any meaningful recovery.
Bias: Cautiously Bullish. Waiting for breakout confirmation before targeting higher levels.
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