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✅ 4-hour frame trend analysis:
From the 4-hour chart, the price of gold has surged from the strong bullishness in the early stage and entered the correction stage and high fluctuations after the correction. The price previously hit around 4800, encountered obvious resistance, and then began to continue to fall. It is currently trading near the 4650 area, indicating strong selling pressure from above and a significant slowdown in the bullish momentum.
From the 4-hour chart, the price of gold has surged from the strong bullishness in the early stage and entered the correction stage and high fluctuations after the correction. The price previously hit around 4800, encountered obvious resistance, and then began to continue to fall. It is currently trading near the 4650 area, indicating strong selling pressure from above and a significant slowdown in the bullish momentum.
✅ One-hour frame trend analysis:
Looking at the 1-hour chart, the short-term trend appears to be weaker compared to the 4-hour chart. After the upward breakthrough failed, the market formed a weak fluctuation structure. After breaking through the 4700 mark, the price was unable to maintain momentum and began to gradually decline. Despite some rallies, the price failed to manage to break above the major resistance levels. Rather than showing a strong bottom, the current structure reflects a failure to break out and enter a new wave of decline and volatility.
🔴Resistance levels
● 4685 – 4700 (current short-term resistance area)
● 4745 – 4765 (strong resistance area for rebound)
● Near 4800 points (previous high – strong resistance)
🟢 Support level
● 4630 – 4610 (currently nearby supported areas)
● 4580 – 4550 (important support area for pullbacks)
● 4510 – 4480 (lower primary defensive support area)
✅ Trading strategy reference
🔰 Sales strategy (main idea: sell on rebound)
👉Entry Point 1: 4685 – 4700
👉Entry Point 2: 4745 – 4765
🎯 Target: 4636 / 4610 / 4559
📍Logic: The correction of the 4-hour frame is not over yet, and the hourly frame has become weaker again. As long as the price fails to stabilize above the resistance area, the short-term trend will remain bearish in an oscillatory movement.
🔰 Buying strategy (only short-term buying at support levels)
👉Entry points: 4630 – 4610
🎯 Target: 4636 / 4675 / 4700 / 4730
📍Logic: Price is currently approaching a short-term support area. If a bullish reversal candle occurs, you can target a technical pullback. But this is a contrarian trade and should be handled quickly (quick entry and exit).
⚠️Trend summary
👉 If the price fails to stabilize above 4675 – 4685:
→ The short-term trend remains weak, with a high probability of testing 4636/4610/4559
👉If price breaks above 4610 level:
→ Confirm to continue correction, target level 4559 – 4553
👉If the price regains stability above 4745:
→ This indicates an improvement in the strength of the rebound and a possible retest of the 4800 area
