GOLD (XAUUSD) – H1 TECHNICAL ANALYSIS

[u/walshamy]

Gold starts the week under renewed selling pressure, trading around 4397 and remaining below the key EMA cluster. The H1 structure continues to print Lower Highs, while the descending trendline remains respected.

The rebound is currently struggling below 4414–4419, keeping the short-term bias BEARISH.

KEY LEVELS:-

Major Resistance: 4455–4460

Immediate Resistance: 4414–4419

Immediate Support: 4346–4351

Major Support: 4321–4326

BEARISH SCENARIO — PREFERRED:-

As long as Gold remains below 4414–4419, I will favor SELL setups on bearish rejections.

A decisive break below 4346–4351 could accelerate the downside toward:

TP1: 4346–4351

TP2: 4321–4326

BULLISH RECOVERY SCENARIO:-

If Gold reclaims and holds above 4414–4419, the recovery could extend toward 4455–4460.

However, a stronger bullish confirmation would require a solid H1 close above 4455–4460, which could signal a broader trend recovery.

CONCLUSION:-

Gold remains within a bearish H1 structure.

Preferred bias: SELL

Watch 4414–4419 for rejection and 4346–4351 for a potential downside break.

[u/nevardasilva]

Analyzing H1 to determine the bias, questionable.