XAUUSD H1 ANALYSIS

XAUUSD H1 Analysis

Gold is testing a major resistance zone around 4550-4560 after a strong bullish recovery from support. Price remains inside an ascending structure, but a bearish harmonic completion near resistance suggests a possible rejection.

📌 Key Levels:

Resistance: 4559

Support: 4480 / 4440

🔍 Outlook: A rejection from 4559 could trigger a pullback toward 4480. However, a clean breakout above resistance may extend the bullish move to new highs.

Trade Smart: Watch for confirmation at resistance before entering. #XAUUSD #Gold #Forex #TechnicalAnalysis #MQL5