XAUUSD 1H – Bullish Rejection at Major Support Zone

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XAUUSD 1H – Bullish Rejection at Major Support ZoneGold vs US DollarPEPPERSTONE:XAUUSDfullpriceactionXAUUSD on the 1-hour timeframe is currently approaching a strong historical support area around 4500–4520, a zone that has already triggered multiple buyer reactions in the past. Following a sharp bearish move, price action suggests a possible rejection and accumulation phase. If buyers defend this support once again, a bullish recovery could develop toward the first resistance zone at 4560–4660 and potentially higher. Confirmation remains essential before entering a long position. Don't forget to leave a 🚀 under the graph and follow me if you liked this analysis.