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✅ 4-hour frame trend analysis
Gold has gradually moved from a single bearish trend to a correction phase. After forming a temporary bottom near 4500 points, the price began to rebound, and the current highs and lows are rising, indicating that the support below continues to strengthen.
Gold has gradually moved from a single bearish trend to a correction phase. After forming a temporary bottom near 4500 points, the price began to rebound, and the current highs and lows are rising, indicating that the support below continues to strengthen.
Looking at the moving average, MA5 has broken through MA10, indicating that short-term momentum has improved. At the same time, the MA20 began to stabilize, reflecting the average trend turning from bearish to choppy.
The current 4-hour structure can be described as bullish, but a true trend reversal has not yet been confirmed.
✅ Trend analysis in one hour frame
It is obvious from the hourly chart that the market is in a state of shock. The price rose to around 4760 and then fell back, currently fluctuating in the range of 4710-4740. The highs are no longer rising, and the 4700 level has proven to be strong support many times, forming a sideways structure.
The moving averages (MA5, MA10 and MA20) overlap, indicating that there is no clear trend in the short term. At the same time, MACD momentum is declining, with frequent up and down transitions and a lack of continuity, which are classic signs of volatility.
In the short term, the market is waiting to choose a new direction. The market must be considered range-bound before a clear breakout occurs.
📊 Main structural area
● Upper resistance: 4760 (previous high)
● Central region: 4710–4720
● Bottom support: 4700 / 4660
🔴Resistance levels
● 4740–4760 (short-term strong resistance area)
● 4790 (higher structural resistance)
🟢 Support level
● 4700 (key short-term support)
● 4660 (structural support)
● 4630 (deepest defense level)
✅ Suggested trading strategies
🔰 Sales strategy (sell from the top of the range)
👉Registration: 4745 – 4760
🎯Target: 4710 → 4700 → 4660
📍Logic:
● There is strong resistance at the previous high point
● Hourly momentum is weak
● The market is in a volatile state, supporting selling at high levels
🔰 Buying strategy (buy at the bottom of the range)
👉Admission: 4690 – 4700
🎯Target: 4720 → 4740
📍Logic:
● Strong support at the lower boundary of the range
● Suitable for quick purchase strategy
● Need to get in and out quickly
⚠️Trend Overview
👉 Breakthrough 4760: Bullish continuation → Target 4790/4820
👉 Breaking 4700 level: Bearish turn → Target 4660/4600
👉 Trading between 4700-4760: continuous fluctuations
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