xauusd h1 analysis

XAUUSD H1 Analysis

Price is trading inside a descending structure with clear lower highs and lower lows, showing short-term bearish pressure. Currently reacting from a demand zone near 4710–4720, but still below key resistance.

🔹 Bearish scenario: Rejection from 4745–4760 zone can push price lower toward 4680–4660.

🔹 Bullish scenario: Break and hold above 4760 opens upside toward 4800.

Overall bias remains sell on rallies unless structure breaks.