GoldTrend_Master May 13 OANDA:XAUUSD Gold Trading Analysis and Strategy—TradingView

✅ 4-hour frame trend analysis
Looking at the four-hour chart, after rejecting the previous high near 4773, gold price entered the correction stage and fell back from the high. The price has corrected a significant portion of the previous gains and has broken above the major pivot level near 4710, indicating increased short-term selling pressure.

From the moving average point of view, the short-term moving average has begun to turn downward, and the price has gradually moved below the moving average, indicating that the early bullish momentum has significantly weakened. Meanwhile, the MACD histogram continues to fall, reflecting waning bullish momentum. The market has shifted from a strong rally to a corrective structure that is leaning towards a range-bound decline.

✅ 1 hour frame trend analysis
On the 1-hour chart, gold prices are trending downward along the short-term moving average. They previously fell to around 4638 and then experienced a technical rebound. However, the strength of this round of rebound is still limited.

Although the price is temporarily back above the 4670 level, it is still trading near or below MA10 and MA20, indicating that the short-term structure is still weak and undergoing adjustment. This suggests that the current rally is closer to an oversold correction than a clear trend reversal. You should watch if the price breaks through the 4670/4638 levels again.

📊 Main structural area
● Upper resistance: 4705–4715
● Central region: 4670–4680
● Bottom support: 4638 / 4615

🔴Resistance levels
● 4705–4715 (short-term resistance zone)
● 4760–4773 (strong resistance area from previous highs)

🟢 Support level
● 4670-4650 (current important short-term support)
● 4638 (near-term bottom support)
● 4615 (Deeper Structural Support)
● 4570 (defensive level in 4-hour frame)

✅ Trading strategy reference
🔰 Sales strategy (sell on rebound)
👉 Admission time: 4700 – 4715
🎯Target: 4670→4638→4615

📍Logic:
● The callback structure continues at a high level for 4 hours
● The elasticity of the watch frame is weak
● The 4705-4715 area represents obvious resistance
● The overall structure supports the rebound and continues the decline.

🔰 Buying strategy (short-term bottom buying)
👉Registration: 4638 – 4650
🎯Target: 4670→4690→4705

📍Logic:
● 4638 represents the recent bottom and there may be a technical rebound
● Consider short-term buying when a reversal signal appears
● This is a contrarian trade, so you should rely on quick entries and exits
● If 4638 is broken, the purchase idea will be invalid.

⚠️Future trend view
👉 If price moves back above 4715: rally may continue → Target 4760/4773
👉If below 4670: Downtrend will continue → Target 4638/4615
👉 If the price remains between 4670-4715: the market enters weak fluctuations and slopes downward

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