GOLD (XAUUSD) H1 Technical Analysis For 24 AUG 25

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GOLD (XAUUSD) H1 Technical Analysis For 24 AUG 25Gold / U.S. DollarFOREXCOM:XAUUSDforexmoneyaGold (XAUUSD) is currently showing a strong bullish structure on the H1 timeframe, with price trading around 4603 after a powerful upside move. However, the latest candles are showing a pullback from the 4620–4630 area, while RSI is also turning lower from elevated levels. 🔑 Key Levels 🔴 Major Resistance: 4650 🔴 Higher Resistance: 4700 🟢 RBS Structure Shifting Zone: 4514–4537 🟢 Secondary RBS Zone: 4438–4450 🟢 1 COB / Major Support: 4355–4368 📈 Bullish Scenario As long as Gold holds above the 4514–4537 RBS zone, the overall H1 structure remains bullish. A successful recovery above 4615–4620 could bring 4650 back into focus. A confirmed breakout above 4650 may open the way toward the 4700 psychological resistance area. 📉 Bearish Scenario The current RSI pullback suggests that Gold may experience a short-term correction. A break below 4563 could increase downside pressure toward the 4514–4537 RBS zone. If this zone fails, the next important support area is around 4438–4450. 📊 RSI Analysis H1 RSI is currently around 62.50 after recently moving into the higher zone. The chart also highlights RSI divergence, so traders should watch the current pullback carefully. A recovery in RSI along with a bullish price reaction from support could strengthen the continuation setup. 🎯 Market Bias Above 4514–4537 → bullish structure remains intact. Break above 4620 → 4650 becomes the next key target. Break above 4650 → 4700 could come into focus. Below 4514 → deeper correction risk toward 4438–4450. ⚠️ This analysis is for educational purposes only and is not financial advice. Always wait for confirmation and use proper risk management.