Gold Analysis and Trading Strategies | December 1 OANDA:XAUUSD by GoldTradingPro — TradingView

✅ Gold performed exactly as we expected last week and continued its strong upward trend.

On Friday, we repeatedly emphasized that the 4160-4165 area is an ideal short-term buying opportunity and emphasized the “buy on dips” strategy.
Indeed, gold rose strongly as we expected and closed steadily around 4217, confirming the validity of our directional vision.

Although the U.S. market was closed early due to the Thanksgiving holiday and the CME platform collapsed last Friday, resulting in a temporary decrease in liquidity and abnormal price fluctuations, the overall bullish momentum remains stable and the core of the trend has not changed.

✅ Chart Analysis – 4 Hour Frame (4H)

Gold has continued to rise since rebounding from the 4020-4030 area.
The last few candles showed several strong bullish candles and the highs also broke above the 4169 → 4182 → 4195 levels, indicating that the bullish momentum continues.
The last big bullish candle broke above the Bollinger Bands border, indicating strong upward momentum.

➡️The 4H structure remains strongly bullish, with no signs of a reversal top forming.

Bollinger Bands:

The upper boundary is trending upward, reflecting a strong directional movement.

Prices are moving along the upper boundary – a clear pattern for a strong market, where the pullback is smaller and the trend continues after a small correction.

✅ Chart Analysis – 1 hour (1H) frame

The structure is very clear:
4155 → down to 4170–4180 → up to 4226
This is a perfect example of an uptrend.

As long as 4155 is not broken, the trend towards the 4240-4250 area is expected to continue.

Moving average:

MA5 and MA10 are trending upward, in line with the price.

MA20 is located at 4188-4190 points, representing key short-term support.

The MA20 test is a healthy retracement move, not a reversal signal.

➡️As long as the price remains above the MA20, the uptrend will continue to expand.

🔴Resistance levels: 4240–4245/4300
🟢 Support levels: 4175–4180 / 4155
✅ Suggested trading strategies
📌 1. Buy on dips (main strategy)

🟠Basic buying area: 4175–4180
🟠 If the price drops rapidly but remains above 4175, you may consider buying the entry
🟠Strong buy zone: 4155-4160 (second opportunity to enter)

🎯 Target: 4225 / 4240–4245
⛔ Stop loss: below 4150

📌 2. Sell at Rejection Price (Secondary Strategy)

🟠 The 4245-4250 area is strong resistance
🟠 If the price reaches this level and a rejection candle appears (a long upper tail or a bearish candle on the 1H frame), you can enter a light sell.

🎯 Target: 4210 / 4185
⛔ Stop loss: above 4255

✅ Conclusion

1️⃣The general trend is upward→The support level is rising→The rise is not over yet
2️⃣ 4H tires are strong, 1H tires show acceleration when climbing hills
3️⃣ 4155 is the key level – the “lifeline” of the uptrend

✅ IMPORTANT LEVELS TO FOLLOW NEXT WEEK

🔴 Ascending: 4245–4250 — Breaking it opens the way to 4300
🟢 Fall: 4175–4180 — As long as this support holds, the uptrend will continue