t>

Gold Analysis and Trading Strategies | February 9-10, OANDA: XAUUSD by Gold_Maestro — TradingView


✅ 4-hour frame (4H) trend analysis
● After rebounding from the low of 4402, the market formed a clear bullish fluctuation pattern.
● The price is currently flat above MA10/MA20, and the short-term moving averages diverge upward.
● The middle line of Bollinger Bands continues to rise, and the lower band rises significantly, indicating that the trend has shifted from the recovery stage to the dominant bullish structure.
● Price is currently testing the resistance area of ​​the previous high of 5070-5100 (previous high near 5091).

📌4 hours summary:
The bullish structure remains intact and the market is currently testing resistance from the previous highs.

✅ Trend analysis of one hour (1H) frame
● On the hourly chart, higher highs and lows are forming, with the moving averages showing a bullish pattern.
● The price has broken through the previous consolidation platform (around 5,000), and the momentum is still continuing.
● The price is currently approaching the heavy resistance area 5080-5100, and there may be short-term consolidation or adjustment.
● If the correction remains above 5000 points, the structure remains strong.

📌 1 hour summary:
Short-term momentum is strong, but as prices approach structural resistance, be wary of technical pullbacks.

✅Multiple time frame assessments
● 4H: rising, structural integrity
● 1H: Strong upward push, approaching key resistance level
● Current Rhythm: Bullish Control + Test of Previous High Phase
👉 Mainly focus on whether the 5100 mark will be effectively broken.

🔴Resistance
● 5070–5100 (previous high resistance)
● Near 5180 (higher level of structural resistance)

🟢Support
● 5000–4980 (short-term threshold between strength and weakness)
● 4900~4940 (structural defense zone)

✅ Trading strategy reference

🔰 Buying Strategy (Buy on Correction)
👉 Number of visitors: 4980-5000, gradually build positions
🎯Target 1: 5080
🎯Target 2: 5100
🎯 Stretch Goal: 5150–5180
📍Logic: The overall structure is bullish. As long as the price does not fall below 5,000 points, the pullback is considered a healthy consolidation.

🔰 Selling strategy (sell a small amount at the previous high point)
👉Admission: 5080-5100, small size
🎯Target: 5020/4980
📍Logic: Technical correction trading near the previous high point resistance is only suitable for short-term trading.

✅Risk Management
● If the 4-hour chart stabilizes above 5100 → sell scenario is invalid
● If the price falls below 4980 → short-term upward momentum weakens
● The uptrend continues and the market is testing previous highs; a breakout could accelerate the rise, while a rejection could lead to a pullback.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *