XAU/USD 4H Analysis: Key Support, Resistance & Breakout Targets

Key Levels Identified:
Support Zone (~2,875-2,885) 🟣

This is a strong area where price previously bounced.
If price falls below this level, it could drop further toward the next support.
Resistance Zone (~2,915-2,925) 🟣

Price is currently consolidating around this level.
A breakout above resistance could push the price toward the target.
Target (~2,950) 🎯

If the price breaks above resistance, the next key level is around 2,950.
Potential Scenarios:
📈 Bullish Scenario:

If price breaks above resistance, expect an upward move toward the target (2,950).
Confirmation would come with strong volume and bullish candlestick patterns.
📉 Bearish Scenario:

If price fails to hold above support, a drop toward 2,825-2,835 is possible.
A strong bearish candle closing below support would confirm this move.
Current Trend:
The price has been moving in a sideways consolidation between support and resistance.
Watch for a breakout in either direction for the next big move.