OANDA:XAUUSD Gold may continue to hit new lows next week Author: Gold_Maestro — TradingView

Looking at the Bollinger Bands indicator, the price is trading near the lower boundary and has broken through the lower boundary near 5090. At the same time, the Bollinger Bands are obviously expanding, indicating that the selling momentum is increasing.

📌 4 hours review:
The market is currently in an accelerating downward trend on the 4-hour frame.
If the price breaks above the 5000 level, this will confirm the continuation of a new downward wave.

✅ Trend analysis of frames per hour (1H)
On the 1-hour chart, the price formed a series of large bearish candles, dropping to around 5009 before a slight technical rebound.

The structure of the moving averages shows MA5 < MA10 < MA20, indicating a clear bearish sequence as the price remains below the moving averages.

📌 1 hour review:
The short-term structure reflects a technical rebound after oversold, but the overall trend is still bearish.

🔴Resistance
● 5040 – 5060 (short-term resistance)
● 5080 – 5100 (structural resistance)
● 5140 – 5160 (key resistance levels)

🟢Support
● 5000 – 4990 (Main Support)
● 4970 – 4950 (structural support)
● 4920 – 4900 (maximum supported)

✅ Trading strategy reference

🔰 Sales strategy (main idea)
👉Registration: 5040 – 5060
🎯Target 1:5000
🎯 Target 2: 4970

📍Logic:
The downward trend in the 4-hour frame is obvious, and the callback may encounter resistance and continue lower.

🔰 Buying strategy (strong rebound)
👉 Number of visitors: 4985 – 5000
🎯Target: 5040

📍Logic:
The market is severely oversold in the short term and a technical rebound may occur.

⚠️Trend summary

👉 The 4-hour chart has entered an accelerating bearish structure, while the 1-hour chart shows oversold conditions. 5,000 points is important psychological support. If the price breaks above 4970, it may open the way for further declines.

👉 If the 1H frame price returns to trade above 5060, the selling momentum may weaken and the market may rebound to 5080 – 5100.