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✅ 4-hour frame trend analysis
On the four-hour chart, gold prices are currently in a high and volatile stage after a strong rebound. The price recovered from the low to around 4891, setting a new medium-term high. Buyers are still in control, but momentum is starting to slow.
● MA5 (about 4837) crosses MA10 (about 4816) → the bullish structure still exists
● MA20 (≈4817) continues to rise → provides medium-term support ● Price is under pressure near the upper Bollinger Band (≈4874), with a slight pullback
On the four-hour chart, gold prices are currently in a high and volatile stage after a strong rebound. The price recovered from the low to around 4891, setting a new medium-term high. Buyers are still in control, but momentum is starting to slow.
● MA5 (about 4837) crosses MA10 (about 4816) → the bullish structure still exists
● MA20 (≈4817) continues to rise → provides medium-term support ● Price is under pressure near the upper Bollinger Band (≈4874), with a slight pullback
✅ Trend analysis on hourly frames
On the hourly chart, the market is in a correction and calm stage after a sharp rise.
● MA5 (≈4862) begins to bend downward → short-term correction signal
● MA10 (around 4850) serves as short-term support
● MA20 (≈4820) represents the main defense level
📊 Major Fibonacci Retracement Levels
● 0.236 (≈4862) → Current fluctuation zone ⚠️Important level
● 0.382 (≈4844) → important short-term support
● 0.5 (≈4829) → continuity support
● 0.618 (≈4814) → strong support area
👉 Fibonacci summary
● The price is currently fluctuating around the 0.236 level
● If a breakout occurs → the correction may extend to 0.382/0.5
● If it remains stable → buyers may resume the rally
🔴Resistance levels
● 4870 – 4891 (previous top resistance area) ⚠️ Main resistance
● 4900 – 4920 (target area after breakout)
🟢 Support level
● 4860 – 4844 (short-term support area) ⚠️Important area
● 4829 (Fibonacci 0.5) is an important support level
● 4814 (Fibonacci 0.618) strong support
✅ Trading strategy reference
🔰 Procurement strategy (overall planning)
● Entry point: 4844 – 4829 (buy when it pulls back to support level)
● Target: 4870 / 4891 / 4920
logic:
● The trend in the 4-hour frame is still bullish
● Corrections are of a technical nature
● Effective Fibonacci support area
🔰 Sales strategy (short term)
● Entry point: 4870 – 4890 (trading volume near resistance level is light)
● Target: 4860 / 4844
logic:
● Obvious resistance near previous peak
● Short-term momentum is weak
● High-level correction structure
⚠️Trend summary
● If price remains above 4860 – 4844 → Continue upward and retest 4891
● If price breaks above 4844 (Fibonacci 0.382) → further correction to 4829 → 4814
● If the price breaks through 4891 → the road to 4900+ is open
🔔 Gold trading is not only a contest of strategy and technical ability, but also a test of your ability to interpret market sentiment and seize opportunities. By catching every market move and moving forward steadily, you can achieve sustained growth even in volatile environments. Let us move forward together – through careful analysis and strict execution – to open the road to profitable gold trading for you💪💪