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🌐Hello traders! My name is Jack Blackwell and I have 15 years of experience analyzing and trading the futures and foreign exchange markets. Below is my current technical outlook based on the XAUUSD 4 hour and 1 hour time frame chart structure.
✅ 4-hour frame trend analysis
The latest 4-hour chart shows that after rebounding from below 4453, gold price previously rose to the 4570 area and then fell to the 4488 area.
The moving average MA5 (4518) is just below the MA10 (4525), while the price is still forming resistance near the MA20 (4516). The middle line of Bollinger Bands is located near 4516.
Short-term upward attempts encountered resistance, indicating that medium-term selling pressure still exists and the overall market structure remains bearish.
✅ One-hour frame trend analysis
The hourly chart shows that during the short-term rebound, the price broke through the short-term moving averages MA5 (4513) and MA10 (4520), but failed to hold above the MA20 (4527), triggering a new callback.
The Bollinger Bands are expanding slightly upwards, while the green bars of the MACD indicator are shrinking, indicating that the selling momentum is waning. The short-term bullish rally remains, but prices have yet to stabilize above medium-term averages.
In the short term, prices may continue to fluctuate within the 4505-4535 range.
🔴Resistance levels
● 4530–4546 (short-term pullback resistance zone)
● 4565 (MA20 4-hour frame resistance level)
● 4582 (strong resistance level)
🟢 Support level
● 4505-4515 (short-term support area)
● 4480 (bottom support area on 4-hour frame)
● 4453 (historical support level)
✅ Suggested trading strategies
🔰 Sell Strategy (Follow the Downtrend)
👉Immigration area: 4545–4565
🎯Target: 4525 → 4480
📍Reason: The medium-term moving average remains above the price, indicating continued selling pressure. After encountering short-term rebound resistance, prices may resume their downward trend.
🔰Buy strategy (short-term rebound)
👉Immigration area: 4505–4515
🎯Target: 4535 → 4546 → 4565
📍Reason: You can still try to buy in small amounts during the short-term rebound, but the risk of medium-term decline still exists.
⚠️Future trend view
👉 If the price breaks and holds above 4546-4565: The short-term bullish momentum may continue with the target of 4582/4619
👉 If price falls below 4505: Selling forces may accelerate with downside targets at 4480/4453/4439
👉 If the price remains in the 4505-4546 range: the market may enter a weak and volatile stage, and the overall strategy is still based on selling at high levels.
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