XAUUSD H1 Analysis
Gold is showing signs of a bullish reversal after rejecting the descending channel support. Price has reclaimed key Fibonacci levels, and buyers are targeting the major resistance zone near 4165. A sustained move above resistance could accelerate the bullish momentum.
📈 Bias: Bullish
🎯 Targets: 4135 → 4165
⚠️ Key Support: 4050–4020
The trend favors buyers while price holds above support. Wait for confirmation and apply proper risk management before entering.
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