GoldTrend_Master’s gold trend outlook for next week on OANDA: XAUUSD — TradingView

✅ 4-hour frame trend analysis
Looking at the 4-hour chart, the price of gold experienced a very strong rise after hitting the bottom of 4366, and the price of gold rose to the area near 4595. At present, the market has experienced its first significant correction, with the price falling to the 4551 area and entering the consolidation stage.

The 4595 area has formed a short-term top. After a strong uptrend, the first clear correction candle appeared, and the red MACD column began to shrink, indicating that some buyers began to take profits and the market entered a short-term technical correction phase.

✅ Hourly frame trend analysis
From the hourly chart, the market structure appears clearer. After a sharp rise, gold prices entered a high consolidation stage.

The most important level to watch in the short term is the support area near 4524. As long as the price remains above this level, the current decline is considered a natural retracement within a strong uptrend.

Once the correction is over, buyers are likely to regain momentum again and continue to push prices to retest previous highs and potentially reach new highs.

🔴Resistance levels
● 4570–4595 (current resistance zone)
● 4609 (key resistance level in 4-hour frame)
● 4635 (mid-term target)

🟢 Support level
● 4540–4524 (main support areas)
● 4508 (Fibonacci retracement support level 38.2%)
● 4482–4460 (strong support area on 4-hour frame)

✅ Trading strategy reference

🔰 Buying strategy (buying on pullback trend)
👉Immigration area: 4525–4510
🎯Target: 4560→4595→4609

📍Reason:
● The bullish structure on the 4-hour frame remains intact
● The current decline is approaching the 23.6% Fibonacci retracement level
● The medium-term recovery structure still exists

🔰 Selling Strategy (Selling in Resistance Zone)
👉 Admission area: 4590–4610
🎯Target: 4550 → 4524

📍Reason:
● There is still strong resistance near the previous high of 4595 points
● Hourly MACD bearsish divergence signal
● The possibility of short-term technical adjustment still exists

⚠️Future trend view
👉 If the price successfully breaks out and stabilizes above 4595, buyers may retarget 4609 and then 4635.

👉If the price breaks above the 4524 level, the correction may extend to 4508, then 4482, and then 4460.

👉If the price remains in the 4524-4595 range, the market is likely to enter a high consolidation stage before entering the next big move.

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