GOLD (XAUUSD) H1 Technical Analysis or 15 SEP 26Gold vs US DollarFPMARKETS:XAUUSDforexmoneyaGold (XAUUSD) is currently trading inside a descending channel on the H1 timeframe, maintaining a short-term bearish structure. Price recently tested the lower portion of the channel around 4,282 and reacted strongly upward, while the RSI is showing a clear bullish divergence, indicating that downside momentum may be weakening. 🔴 Key Resistance Levels 4,401.42 — First major SBR Structure Shifting Zone 4,448–4,460 — Strong resistance/supply zone 4,458.80 — Important resistance 4,505–4,510 — Major SBR Structure Shifting Zone 4,510.19 — Key breakout level As long as Gold remains below 4,401, the H1 bearish structure remains dominant. A clean H1 breakout above 4,401 could push price toward 4,458–4,460, followed by 4,505–4,510. 🟢 Key Support Levels 4,305–4,296 — Immediate support/current price area 4,282.35 — Recent H1 swing low 4,259.54 — Important support 4,224.35 — Major RBS Structure Shifting Zone The 4,259–4,224 area is the major downside zone to watch. A strong H1 rejection from this region could produce another recovery, while a confirmed breakdown below 4,224 would strengthen the bearish continuation. 📈 Bullish Scenario The RSI bullish divergence suggests that sellers are losing momentum. If Gold holds above 4,282–4,259 and breaks the 4,401 SBR zone, buyers could target 4,458–4,460. A sustained H1 close above 4,460 would increase the probability of a move toward 4,505–4,510. 📉 Bearish Scenario The primary H1 trend remains bearish while price stays inside the descending channel and below 4,401. A rejection from 4,401–4,460 could send Gold back toward 4,305, followed by 4,282 and 4,259. If 4,224 breaks decisively, the downside structure could accelerate further. 📊 RSI & Market Structure RSI is currently recovering from the 30 oversold area and is around the mid-40s. The bullish divergence between price and RSI is an important signal for a possible short-term recovery, but it does not yet confirm a full trend reversal. 🔎 Weekly Outlook H1 Bias: Neutral-to-Bearish with bullish recovery potential. Resistance: 4,401 → 4,459 → 4,510 Support: 4,282 → 4,260 → 4,224 For the broader weekly context, the FOMC is the major catalyst this week, with markets focused on the Federal Reserve decision and its impact on yields and the dollar. Gold has recently remained under pressure as rate-hike expectations strengthened. Key level: 4,401 is the main H1 structure-shifting level. Above it, bullish recovery can expand; below it, sellers remain in control. This analysis is for educational purposes only and is not financial advice.