XAUUSD | Gold Analysis (4H) – At Key ResistanceGoldOANDA:XAUUSDnisar6080XAUUSD | Gold Analysis (4H) – At Key Resistance ⚠️ Gold is still trading inside a clear bearish channel, maintaining its structure of lower highs and lower lows. The recent upside move looks like a corrective pullback rather than a full trend reversal. Price is now testing a major resistance zone (4650 – 4680), which aligns perfectly with the upper boundary of the descending channel. This confluence makes the area highly significant. Right now, this is a decision zone for the market. 🔴 Bearish Outlook: If price gets rejected from this resistance zone, we can expect continuation of the downtrend. Targets would be: 4550 (minor support) 4510 (previous swing low) A breakdown below 4510 could accelerate bearish momentum. 🟢 Bullish Outlook: If bulls manage to break and hold above 4680 with strong momentum, it could shift short-term sentiment. Upside targets: 4720 4750 However, keep in mind — the overall trend remains bearish until a clear structure break. 📌 Conclusion: Gold is at a critical resistance. Watch for either a clean rejection (sell continuation) or a strong breakout (short-term reversal). Avoid rushing entries — wait for confirmation.