GOLD: Gold H1 Analysis – September 21GoldOANDA:XAUUSDStone_Haven📰 Gold News & Market Developments Gold is trading around 4,360–4,370 after rebounding from the 4,260–4,280 area. The market remains under pressure as the Fed maintains a relatively hawkish stance, while the USD and U.S. Treasury yields remain elevated. However, Middle East tensions and continued gold ETF inflows are still providing support for the precious metal. → Short-term fundamental bias: Bearish on Gold. 🧠 Overall Technical Analysis On the H1 timeframe, Gold remains within a downtrend channel, although the rebound from 4,260 has been quite clear. Price is currently holding above the EMA cluster around 4,346–4,356, indicating that short-term buying momentum is still present. However, the 4,390–4,400 area and, more importantly, 4,435–4,445 are key resistance zones where the descending trendline and horizontal resistance converge. This remains an area where traders should be cautious about chasing Buy positions. 🎯 Potential Trading Zones 🔴 4,435–4,445 – Main Sell Zone: This is a strong resistance area, located near the descending trendline and your marked red zone. If price reaches this area and forms a clear rejection candle, a bearish reaction could follow. 🟢 4,342–4,330 – Buy Zone: The EMA cluster converges in this area, along with the support zone you marked. If price retests this zone and holds, Gold could potentially continue higher toward 4,390–4,400. 🟢 4,280–4,295 – Strong Buy Zone: This is a lower support area that previously triggered a clear bullish reaction on the chart. If price drops back into this zone and forms a bullish reversal signal on H1, a Buy setup could be considered. ⚠️ Disclaimer: This is my personal analysis and market view based on available market data and technical analysis. It does not guarantee 100% accuracy. Always manage your position size and risk carefully before entering a trade.