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Gold Analysis and Trading Strategies | April 21 OANDA: XAUUSD by Gold_Maestro — TradingView


✅ 4-hour frame trend analysis
The rising structure is still intact. In the short term, the market is in the consolidation and recovery phase, and there are signs that the correction has ended and the rebound has begun to be confirmed. Overall, the price is still within the rising structure of 4644 → 4891.
● After the correction, the price rebounded to around 4819, approaching the midline resistance.
● MA5 crosses MA10 → short-term recovery signal
● MA20 (≈4809) has moved from resistance to key support/resistance levels

✅ 1 hour frame trend analysis
● Price is forming a structure of rising lows (bullish slope)
● MA5, MA10 ascending order → short-term strength ● MA20 has recovered and the support level has strengthened

📊 Major Fibonacci levels

● 0.236 (approximately 4702)
● 0.382 (approximately 4740)
● 0.5 (≈4767) ✅ Support confirmed
● 0.618 (≈4795) ⚠️Currently restored
● 0.786 (≈4835) is the main resistance level above

👉 Interpretation of current structure
● The price rebounded from the strong support level of 0.5 → and broke through the 0.618 level
● This indicates that the adjustment is basically over
● The market is now entering a sustained rebound phase (close to returning to strength)
● Focus: Will 0.786 be breached?

🔴Resistance levels
● 4835 (Fibonacci 0.786) ⚠️ Main resistance level
● 4860 – 4891 strong resistance area (previous high)

🟢 Support level
● 4795 (Fibonacci 0.618) first support level
● 4767 (Fibonacci 0.5) main support level
● 4740 (Fibonacci 0.382) mid-term support level

✅ Trading strategy reference
🔰Purchasing strategy (main scenarios)
● Entry point: 4795 – 4805 (retest around 0.618)
● Target: 4835 / 4860 / 4890

📍Logic:
● Restore level 0.618
● A rising structure is formed on the bezel
● The callback ends → Enters the callback stage

🔰 Sell strategy (resistance reversal zone)

● Entry: around 4835 (0.786 resistance)
● Target: 4800 / 4795

📍Logic:
● Strong resistance level
● If the breakout does not continue → a pullback may occur

⚠️Trend summary
● If the price maintains 4795 (0.618) → continues to recover upward to 4835 → 4860 → 4891
● If the price breaks through 4835 (0.786) → strong confirmation → the beginning of a new upward wave
● If price returns below 4795 → the rally fails → returns to volatility or weakness

🔔 Last point
Gold trading not only tests your strategy and technical skills, but also tests your ability to interpret market sentiment and timing.

By taking advantage of 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 start your path to sustained gold trading profits 💪💪



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