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✅ 4-hour frame trend analysis
● The price dropped sharply from the peak of 4891 to around 4670
● MA5, MA10, and MA20 were all broken through, forming an obvious bearish order.
● The middle line of Bollinger Bands has been broken through, and the price is moving along the lower boundary.
● A strong bearish candle with high volume indicates the beginning of a downtrend
● The previous bullish structure (4644 → 4891) is clearly broken
● The price dropped sharply from the peak of 4891 to around 4670
● MA5, MA10, and MA20 were all broken through, forming an obvious bearish order.
● The middle line of Bollinger Bands has been broken through, and the price is moving along the lower boundary.
● A strong bearish candle with high volume indicates the beginning of a downtrend
● The previous bullish structure (4644 → 4891) is clearly broken
✅ 1 hour frame trend analysis
● Price is forming a sustained downward trend (lower highs + lower lows)
● The 4760 mark was broken → the decline accelerated to around 4668
● MA5, MA10, MA20 are diverging from the bearish sequence
● Almost no effective pullback → indicates a unilateral downtrend
🔴Resistance levels
● 4702 first anti-rebound
● 4740 main resistance level
● 4767 – 4795 is a strong resistance area
🟢 Support level
● 4668 (current bottom) short-term support
● 4644 (front bottom) ⚠️Main support
● 4600 psychological levels
✅ Trading strategy reference
🔰 Sales strategy (main scenarios)
● Entry price: 4700 – 4720 (sell on rebound)
● Target: 4668 / 4644 / 4600
📍Logic:
● Completely break the Fibonacci structure
● Strong bearish trend hourly
● Focus on selling on every bounce
🔰 Buying strategy (only for strong rebounds)
● Entry: around 4644 (previous bottom support)
● Target: 4700
📍Logic:
● The previous bottom may trigger a technical rebound
● Trend reversal trading
● Low volume + quick exit should be used
⚠️Trend summary
● If price breaks above 4644 (previous bottom) → further downside opens up to 4600 or lower
● If price rebounds but fails to approach 4700 → Downtrend continues
● Only when the price returns above 4740 → Probability of consolidation; otherwise, the trend will still be downward
🔔 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 💪💪