Gold (XAUUSD) H1 Technical Analysis 17 AUG 26Gold / U.S. DollarFOREXCOM:XAUUSDforexmoneyaGold (XAUUSD) is currently trading around 4415 on the H1 timeframe, with price showing a bullish recovery from the lower support zones. The chart structure suggests that buyers are still active, but Gold is now approaching an important SBR Structure Shifting Zone where rejection or breakout confirmation could determine the next move. 🔑 Key Levels to Watch 🟥 Resistance / SBR Zone: 4438 – 4450 🎯 Upside Target 1: 4481 🎯 Upside Target 2: 4515 🟩 RBS Support Zone: 4362 – 4370 🟩 Major Support: 4303 📈 Bullish Scenario If Gold breaks and holds above the 4438–4450 SBR zone, bullish momentum could strengthen toward 4481, followed by the major structure zone around 4515. A confirmed breakout and retest would provide stronger confirmation for continuation. 📉 Bearish Scenario If price gets rejected from the 4438–4450 resistance zone, we could see a pullback toward the 4362–4370 RBS zone. A deeper breakdown below this support could expose the 4303 major support. 📊 RSI Analysis The H1 RSI is currently around 58, showing positive momentum without being in the overbought area. The chart also highlights an RSI divergence, which traders should monitor carefully around the major resistance zone. 🎯 Trading Plan For the next move, watch the reaction around 4438–4450 closely. A clean breakout and retest favors bullish continuation, while a strong rejection could bring Gold back toward the lower support zones. Trade with confirmation, proper position sizing, and risk management. ⚠️ This analysis is for educational purposes only and is not financial advice.