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✅ On the 4-hour chart, gold rebounded strongly yesterday, releasing some short-term buying momentum.
However, the price encountered strong resistance near 4132 (previous high + upper Bollinger Band).
The last candle shows a large bearish candle with a long upper tail, a classic pattern that indicates buyers failed to break out and profit-taking pressure is building.
MA5 and MA10 are starting to move lower, indicating weak short-term momentum.
MA20 (near 4089) provided partial support but was quickly broken.
Above the Bollinger Bands (~4130) remains strong resistance, and the price quickly fell below the midline after rebounding.
The lower tail touched 4055, indicating that there is short-term buying demand in this area.
The short-term rebound structure has been destroyed, and the 4-hour frame has entered the correction stage and turned weak again.
If the price breaks above the 4058-4050 levels, the selling momentum will further intensify.
✅ On the 1-hour chart, gold prices formed a short-term high at 4132, followed by a sharp sell-off.
Two large bearish candles broke above MA5/MA10/MA20/MA60, a classic one-way reversal pattern.
The bullish structure completely collapsed and the moving averages returned to bearish alignment.
The main support is located at 4050-4049, which is a strong support area, and breaking this support will open the channel for further downside.
The current rebound is weak and merely a technical correction, indicating that sellers are still in control of short-term price action.
The rebound only reached below MA20 (near 4085), showing that selling pressure remains strong above this level.
The short-term structure is bearish, and any weak rebound is unlikely to break through 4085-4090.
After the rebound, the price is likely to retest the 4050 area.
🔴Resistance levels:
4085–4090 / 4100–4110 / 4125–4132
🟢Support levels:
4058–4050/4030/3998
✅ Trading strategy reference
🔰Strategy 1: Sell from the 4085-4090 area (basic strategy)
If gold price rises to 4085-4090 and shows rejection:
Open a light sell transaction
Stop loss: 4098
Target: 4060/4050
👉The general trend is downward, and selling on rebound is the basic logic.
🔰Strategy 2: Selling back from strong resistance areas (aggressive selling)
If gold prices rise to 4100-4110:
Open a medium sell trade
Stop loss: 4118
Target: 4065/4050
👉 This area represents strong resistance, and the probability of breaking through this area in the short term is low.
🔰Strategy 3: Sell after breaking through the 4050 mark (follow the trend)
If price breaks above 4050:
Sales momentum will increase
Target: 4030/4000
👉 The 4050 level is key to understanding whether sellers will continue to fall.
📌Conclusion
The 4 hour rebound has been rejected and the structure looks weak.
The hourly frame shows clear breakdown, indicating seller control.
The 4085-4090 area is the main area for rebound selling.
4050 is the most important support level today – a break above it will open the way for a deeper bearish wave.
