📊 XAUUSD H4 Analysis – Gold vs US Dollar
Gold is showing bullish momentum after rebounding from the 4080 support zone. Price is approaching a descending trendline and key resistance around 4190–4200.
🔹 Resistance: 4200, 4240, 4320
🔹 Support: 4160, 4120, 4080
🔹 Bullish Scenario: A breakout above 4200 could push price toward 4240 and 4320.
🔹 Bearish Scenario: Rejection from resistance may lead to a pullback toward 4160 and 4120.
📌 Key Level: Watch for an H4 candle close above the trendline to confirm a potential bullish breakout.
⚠️ Disclaimer: This analysis is for educational purposes only. Trade with proper risk management.
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