📊 XAU/USD TECHNICAL ANALYSIS

Gold remains under bearish pressure while trading inside a descending channel and below the 200 EMA on the H4 timeframe 📉

Although MACD is showing early positive momentum and RSI is stabilizing near 45, buyers still lack strong confirmation against the dominant downtrend.

📉 KEY LEVELS
Resistance: 4657
Support: 4480 | 4362

⚠️ OUTLOOK
Gold bears may wait for a confirmed break below 4480 before targeting deeper downside moves. Recovery attempts are likely to remain limited while price stays below the channel resistance and 200 EMA.

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