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✅ 4-hour frame (4H) trend analysis
Today, the price of gold hit the lowest point of 4967 and then entered a certain range of fluctuations. The current price of gold fluctuates in the range of 4970-5035. Moving average MA5
Today, the price of gold hit the lowest point of 4967 and then entered a certain range of fluctuations. The current price of gold fluctuates in the range of 4970-5035. Moving average MA5
Looking at the Bollinger Bands indicator, the price is approaching the lower boundary that has been broken many times before, and the Bollinger Bands continue to widen, indicating that the selling momentum is still under control.
If the gold price breaks through the 4967 level, it will confirm the beginning of a new downward wave, and the gold price may test the 4950 or even the 4930 level.
✅ Trend analysis of frames per hour (1H)
On the one-hour time frame, the price formed a series of consecutive bearish candles before entering a weak oscillatory phase. The price remains below the 5,000 level.
This structure represents a sideways trend after a decline, but the overall trend is still downward and the short-term rebound is limited. Short-term resistance is concentrated around 5030-5040 points. If the price cannot effectively break through this level, the market may continue to fluctuate downward.
🔴Resistance
● 5020 – 5040 (short-term resistance)
● 5060 – 5080 (structural resistance)
● 5100 – 5120 (key resistance levels)
🟢Support
● 4965 – 4950 (short-term support)
● 4935 – 4920 (structural support)
● 4880 – 4860 (mainly supported)
✅ Trading strategy reference
🔰 Sales strategy (main idea)
👉Registration: 5020 – 5040
🎯 Target: 4980 / 4965 / 4945
📍Logic:
The downward trend in the 4-hour frame is obvious, and the callback may encounter resistance and continue to fall.
🔰 Buying strategy (strong rebound)
👉Registration: 4935 – 4950
🎯Target: 4980/5000/5020
📍Logic:
After a series of short-term declines, the market may need a technical rebound.
⚠️Trend summary
👉 The trend on the 4-hour frame remains bearish, while the 1-hour frame shows a post-drop oscillatory phase. Resistance above 5,000 points remains strong. If the price breaks above 4965, gold prices may continue to fall towards 4950 or even 4930.
👉 If the price returns to the 1H frame and trades above 5020, the selling momentum may weaken and the market may rebound to 5040 – 5060.
