Resistance Zone: Strong resistance around 4,110–4,120,

100
XAU/USD (Gold) – 1H Technical Analysis

Market Structure: Sideways market with short-term bearish momentum.

Resistance Zone: Strong resistance around 4,110–4,120, where price faced rejection.

Current Price: Approximately 4,052.845.

Support Zone: Strong support between 3,940–3,960.

Price Action: After forming a higher high, the market reversed and entered a bearish move, followed by a minor pullback.

Expected Scenario: Price may continue declining toward the support zone. If buyers step in and bullish confirmation appears, a rebound toward higher levels is possible. A break below support could lead to further downside.

Chart Tools Used: Support & Resistance Zones, Trend Lines, Directional Arrows, and a Dotted Projection Path.


Outlook: Watch for price reaction at the support zone before considering the next trading opportunity.

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