XAUUSD 1H Analysis

Price is trading within a rising structure while approaching a key horizontal resistance around the 4985 5000 zone Recent price action shows clear rejection from this supply area suggesting that bullish momentum is gradually weakening
Although the ascending trendline continues to provide structural support failure to break and sustain above resistance could trigger a corrective pullback toward lower support levels
As long as price remains below 5000 5010 short term bias may stay neutral to slightly bearish However a strong breakout and sustained hold above this zone would indicate renewed bullish strength and potential continuation to the upside