Gold Analysis and Trading Strategies | OANDA: XAUUSD December 3-4 by GoldTradingPro — TradingView

✅ Trend analysis on 4-hour time frame (H4)
1️⃣ There is an obvious wave pattern on the top of the H4 frame
During today’s US session, the price of gold rose to 4241.55 and then fell quickly.
The failure to break through the previous high of 4264 indicates that buying momentum is weak.
After falling below 4195, it rebounded strongly, indicating the effective institutional buying power below – the classic pattern of top fluctuation + two-way liquidation.

2️⃣ Bollinger Bands Structure:

The midline (≈ 4204-4206) now represents the major support and separation line between the two trends.

The price touched the upper line near 4256 but did not break through → the resistance is still strong.

The 4181 line has been tested many times and has held →consolidated in order to seek a short-term bottom.
➡️H4 As long as the price remains above the midline 4204, the general trend will continue to rise.

✅ Trend analysis on hourly (H1) time frame
1️⃣ Strong rise → Rapid fall → Second rebound
Gold rebounded from 4241 and fell directly to 4195 → selling pressure was released.
Then it quickly rebounded to 4210 → short-term buying momentum returned.
This is a clear “liquidation impulse – bounce from bottom” pattern rather than a bearish reversal.

2️⃣Boulanger Band (H1)
▪ The lower line (≈4194) successfully supports the price → strong support
▪ The midline (≈4212) is the first level of resistance for buyers
▪ The upper line (≈ 4230–4235) represents an area of ​​strong resistance

🔴Resistance levels:

▪ 4215–4220 (cluster average of MA20 H1 + H4)
▪ 4230–4234 (Bollinger Band on track in the first half)
▪ 4250–4256 (H4 on line + key resistance zone)

🟢Support levels:

▪ 4195–4188 (strong demand area during US session)
▪ 4175–4185 (major support level; breaking it = downward slope)
▪ 4163 (confirmation of the bottom of the previous move)

✅ Trading strategy reference
🔰 Main strategy: Buy on dips (short-term trend is upward)

🟠 First purchase area: 4195–4188
🎯 Target: 4215 / 4230
⛔ Stop loss: below 4178

🟠Second buying area: 4175–4185
🎯Target: 4230/4250
⛔ Stop loss: below 4168

🔰Secondary Strategy: Price Rejection Sell (only for short trades)

🟠 First sales area: 4215–4220
A soft sale is entered if any of the following conditions occur:
▪ Long upper tail
▪ Bearish hourly candles
▪ Weak penetration and low transaction volume
🎯 Target: 4195 / 4185
⛔ Stop loss: above 4228

🟠Second selling area: 4230-4250 (strong resistance area)
🎯 Target: 4195 / 4185
⛔ Stop loss: above 4265

📌 Trend summary

1️⃣Daily High 4241.55 = Confirmation of Strong Resistance Area
2️⃣Falled to 4195-4188 and rebounded strongly →Buyers were active
3️⃣Short-term structure = upward fluctuations
4️⃣ 4215–4220 = Major breakout area
5️⃣Breakthrough 4220→Target 4234/4250
6️⃣ Breakthrough 4175 → Retest 4163
7️⃣The medium-term bullish structure remains strong; the current trend is a strong corrective oscillation

🔥 Transaction Reminder:
Trading strategies are time sensitive and market conditions can change rapidly. Please adjust your plans based on real-time market movements.