XAUUSD H1 Analysis
Gold is trading inside a descending channel and has reached a key demand zone around 4430–4440. Price action suggests bearish momentum is weakening, with a potential bullish breakout forming.
📈 Bullish Scenario:
A break above the channel resistance could trigger a move toward 4485, followed by 4530 as the next major target.
📉 Bearish Scenario:
Failure to hold above the support zone may extend the decline toward lower liquidity levels.
Bias: Cautiously Bullish while price remains above support. Watch for confirmation before entry.
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