XAUUSD H1 ANALYSIS

XAUUSD H1 Analysis

Gold remains under bearish pressure after failing to hold above the Fibonacci resistance zone. Price is now retesting a key support area around 4020. A break below support could extend the downside, while a strong bounce may trigger a corrective recovery.

📉 Bias: Bearish

🎯 Targets: 4020 → 3980

⚠️ Key Resistance: 4055–4105

Watch for confirmation at support before entering. Proper risk management is essential.