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Dorchester Center, MA 02124

● The price fell to around 4798 and returned to the moving average crowded area.
● MA5 (around 4807) and MA10 (around 4813) are forming resistance, indicating short-term selling pressure
● MA20 (≈4776) is still trending upward, indicating that the intermediate trend has not yet been completely broken
● The middle line of the Bollinger Bands (about 4776) forms the main support level
✅ 1 hour frame trend analysis
Judging from the 1-hour chart, the short-term structure shows a continuous correction and sellers are in control.
● 4871 forms a downward channel after peaking
● Price continues to fall, forming lower highs and lower lows
● MA5, MA10 and MA20 are arranged bearishly
● MA20 (≈4813) forms strong resistance to any rebound
📊Major Fibonacci levels:
● 0.236 (≈4817) → broken (confirmed weak)
● 0.382 (≈4786) → Price is currently moving around this level
● 0.5 (≈4757) → next support target
● 0.618 (≈4728) → strong support area
👉 Fibonacci conclusion:
● The current price is in a fluctuating stage near the 0.382 level.
● If broken → a deeper adjustment may occur
● If true → an oscillatory rebound may occur
🔴Resistance levels
● 4807 – 4817 (average resistance + Fibonacci 0.236)
● 4830 – 4871 (previous top resistance area)
🟢 Support level
● 4786 (Fibonacci 0.382) is the current main support level
● 4757 (Fibonacci 0.5) is an important support level
● 4728 (Fibonacci 0.618) strong support
✅ Trading strategies
🔰 Sales Strategy (Main Trends)
👉Entry points: 4805 – 4820
🎯 Target: 4786 / 4757 / 4728
📍Logic:
● There is an obvious upward and downward trend in the hourly chart
● The 4-hour structure weakens
● Retracements are considered corrections only
🔰 Buying strategy (short-term rebound only)
👉 Entry point: around 4786 – 4757 (after support level)
🎯 Target: 4805 / 4817
📍Logic:
● Fibonacci support levels are important
● Possibility of technical rebound
● But this is a counter-trend trade
⚠️Trend summary
👉 If the price breaks above the 4786 (0.382) level:
→ Continued decline to 4757 → 4728
👉 If price rebounds but cannot get back above 4817:
→ Downtrend continues
👉If price returns above 4820:
→ Short-term stability, entering the fluctuation stage
🔔 Conclusion
Gold trading is not only a competition of strategy and technical analysis, but also a test of your ability to interpret market sentiment and timing. By catching every wave in the market and moving forward steadily, you can achieve sustained growth even in times of high volatility. Let’s move forward together – through careful analysis and rigorous execution – to create a path to sustainable profits in gold trading💪💪