t>

Gold Analysis and Trading Strategies | April 1 OANDA: XAUUSD by Gold_Maestro — TradingView


✅ 4-hour frame trend analysis:
Looking at the 4-hour chart, gold prices have clearly developed from a correctional rebound stage into a stronger bullish structure. After bottoming out near 4099, the price has gone through several waves of gradual increases. It has now successfully recovered important levels such as 4500 and 4587, and continues to test higher resistance areas, indicating that the bullish momentum on the 4-hour frame is growing.

✅ One-hour frame trend analysis:
Judging from the hourly chart, the short-term trend is stronger than the 4-hour frame, forming an obvious one-way bullish structure with upward volatility. The lows continue to rise, and multiple resistance levels such as 4523, 4564, and 4588 have been broken through. The current price has reached around 4671, reflecting that the short-term bullish momentum has become significantly stronger.

🔴Resistance levels
● 4665 – 4675 (first short-term resistance zone)
● 4748 – 4755 (major strong resistance area)
● Around 4800 points (target area for further rise)

🟢 Support level
● 4636 – 4619 (currently nearby supported areas)
● 4588 – 4564 (important support area for pullbacks)
● 4523 – 4504 (lower main defense zone)

✅ Trading strategy reference

🔰 Buying strategy (main approach: buying on callback trend)
👉Entry area: around 4619 – 4636 (wait for the correction to stabilize and enter slightly)
🎯 Target: 4665 / 4748 / 4800
📍Logic: Both the 4-hour and 1-hour frames are in clear bullish formations. As long as the price does not fall below key support levels, there is still room for further gains in the short term.

🔰 Sell Strategy (Sell Only in Resistance Zones)
👉 Entry area: around 4700 – 4748 (sell slightly to enter when resistance pressure appears)
🎯 Target: 4636 / 4619 / 4588
📍Logic: The table frame rises quickly. If the price fails to effectively break above the overhead resistance area, a technical pullback is possible. However, short trading is only suitable for quick, short-term trades.

⚠️Trend summary
👉 If the price stabilizes above 4665:
→ Short-term trend expected to continue up to 4748 – 4755

👉If the price breaks out of the 4755 level and stabilizes above it:
→ This indicates the continuation of the uptrend on the 4-hour frame, with the possibility of testing the 4800 level

👉 If the price breaks out of the support area 4636 – 4619:
→ This indicates that the upward momentum is slowing down and the price may first fall towards 4588 – 4564



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *