📊 XAU/USD – US Session | H1
Gold is under strong bearish pressure after breaking below the descending structure and key support area. Price is currently testing the support zone around 4,075–4,080.
A technical rebound toward the 4,125–4,135 Fibonacci 0.5–0.618 zone is possible. However, this area may act as resistance, where sellers could regain control if bearish momentum remains dominant.
Key focus: Watch price reaction at support and the rebound zone. A recovery alone does not confirm a trend reversal. Avoid chasing the move and wait for clear price action before making a decision.
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