Gold Analysis and Trading Plan | January 5-6, OANDA: XAUUSD by Gold_StrategyMaster — TradingView

✅ Four-hour frame (H4) trend analysis
1️⃣Overall structure: The rebound is completed – entering the main resistance area

Price has rebounded strongly from the 4274 lows and has now reached the major resistance area of ​​4445-4455.
The market has now entered the key direction zone.
➡ Current structure: end of rebound + upper boundary of mid-term downward channel.

2️⃣ Moving Averages: Completed upward correction, but within a dense resistance band

MA5/MA10/MA20 are back in a short-term bullish pattern.
However, MA50 remains above the price and forms a medium-term resistance band (around 4440-4460).
➡The upper area represents stronger structural resistance.

3️⃣ Bollinger Bands: The trend is close to the upper boundary and the momentum slows down

The price is approaching the upper Bollinger Bands,
The upper boundary begins to flatten.
➡ Momentum has begun to slow as the likelihood of a downward correction increases.

✅ Hourly frame (H1) trend analysis
1️⃣Structure: rising wedge → positive pressure reaction zone

A clear rising wedge has formed in the short term.
The price failed to break above the previous peak of 4455, indicating strong price rejection.
➡ This forms a bearish reversal structure high.

2️⃣ Moving average structure: short-term upward momentum is weak

MA5/MA10 has started to flatten and turn around.
The price started to fluctuate below MA5.
➡ The short-term upward momentum gradually weakens.

🔴Resistance area:

4440 – 4460 (Key Resistance Zone)
4480 – 4500 (trend reversal zone)

🟢Support areas:

4405 – 4400
4385 – 4380
4345 – 4335

📌 Gold trading strategy reference
🔰Strategy 1 – Sell at high prices (main strategy)

📍Sales area: 4450 – 4460
🎯Goal:
TP1:4405
TP2:4385
TP3: 4345 – 4335

reason:
• The upper boundary of the mid-term descending channel
• MA50 and the Bollinger Band upper track convergence on the H4 framework
• The rising wedge pattern on the H1 frame is completed
• The upward momentum has weakened significantly

🔰Strategy 2 – Buy from Deep Retracement Areas (Small/Counter Trend)

Only buy when price reaches a strong support area with a clear signal of consolidation:
📍Purchase area: 4345 – 4335
🎯 Target: 4380 / 4400

✅ Trend summary

• The market is currently at the end of a rebound in a mid-term downtrend
• The 4440-4460 area represents strong structural resistance
• The upside space is limited and the downside correction momentum is increasing
• Key Rhythm: Sell on rallies and follow corrective trends

🔥 Disclaimer: Trading strategies are time-sensitive and market conditions may change rapidly. Please adjust your trading plan based on instantaneous price changes.