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✅ 4-hour trend analysis
● Price remains within a descending channel (lower highs + lower lows), with no change in trend since hitting a high of 4891.
● The current trend is characterized by a weak correction after a decline (a continuation pattern after a downtrend).
● The price keeps testing the 4680-4700 area, but there is no obvious breakthrough.
● Moving averages MA5, MA10, MA20 → short position arrangement still exists.
● Price remains within a descending channel (lower highs + lower lows), with no change in trend since hitting a high of 4891.
● The current trend is characterized by a weak correction after a decline (a continuation pattern after a downtrend).
● The price keeps testing the 4680-4700 area, but there is no obvious breakthrough.
● Moving averages MA5, MA10, MA20 → short position arrangement still exists.
✅ One-hour trend analysis
● The structure forms a converging triangle with lower highs and higher lows → wait for the trend to be established.
● MA5 and MA10 moving averages cross frequently → the market fluctuates greatly, and MA20 still shows a downward trend → the overall trend is still bearish.
📊Major Fibonacci Retracement Levels:
● 0.236 (≈4702) ⚠️Frequent conflict points.
● 0.382 (≈4740) 🔴Main resistance level.
● 0.5 (≈4767) 🔴Strong resistance zone.
● 0.618 (≈4795) 🔴 Trend reversal limit.
👉Current structure analysis:
● Price fluctuates around 0.236 → Poor performance.
● Unable to stabilize above 0.236 → Invalid response.
● Overall, the market is still in the adjustment stage of a downward trend.
🔴Resistance levels
● 4700-4720 (short-term resistance)
● 4740 (Fibonacci 0.382)
● 4767 (Fibonacci 0.5)
🟢 Support level
● 4670–4657 (currently supported regions)
● 4644 (previous low) ⚠️ Main support.
● 4600 (mental level).
✅ Trading strategy reference
🔰 Sales strategy (main methods)
👉 Entry point: 4700 – 4720
🎯Target level: 4670→4657→4644
📍Logic:
● The 4-hour downtrend remains unchanged.
● The upper boundary of the clock triangle acts as a resistor.
● Fibonacci 0.236 cannot be established.
📌 Invalid conditions:
● If the price continues to remain above 4740 → it is not suitable to continue the bearish logic.
🔰 Buying strategy (short trading only)
👉 Entry point: 4650 – 4660 (supports possible rebound)
🎯Target level: 4690 → 4700
📍Logic:
● The support area of the previous low.
● Support from the lower border of the triangle.
● A technical rebound may occur.
📌 Risk warning: operate against the trend → Small-amount transactions + quick exit are recommended.
⚠️Trend summary
👉 If price breaks 4657: Downtrend continues → Target 4644 → 4600.
👉 If the price rebounds but encounters resistance at 4700-4720: the rebound fails → continues to fluctuate downward.
👉 If the price breaks through 4740: Only then can the downtrend stop → Otherwise, the downtrend still dominates.
🔔 Gold trading is not only a contest of strategy and technical ability, but also a test of your ability to interpret market sentiment and timing.
By catching every market move and moving forward steadily, you can achieve sustained growth even in volatile environments.
Let’s move forward together – through careful analysis and rigorous execution – to start your path to profitable gold trading 💪💪.