XAUUSD H1 ANALYSIS

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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