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✅ Daily frame trend analysis (D1)
Overall structure:
Gold is still trading within a high range within an uptrend. The intraday lows continue to rise, confirming that the medium-term bullish structure remains intact. After a series of strong rises, trading volume increased, and the upper shadow line of the high level was longer, indicating that selling pressure increased and it entered a high-level consolidation stage.
Overall structure:
Gold is still trading within a high range within an uptrend. The intraday lows continue to rise, confirming that the medium-term bullish structure remains intact. After a series of strong rises, trading volume increased, and the upper shadow line of the high level was longer, indicating that selling pressure increased and it entered a high-level consolidation stage.
Prices are still trading above the moving averages MA5 and MA10, but the short-term price divergence from the moving averages has become larger, indicating a possible technical adjustment in the direction of MA10-MA20.
✅ Four-hour frame (H4) trend analysis
Structural changes:
The price quickly rose to the 4353 level but failed to hold the level and quickly fell below 4300. This is a classic sign of a failed breakout because momentum has been exhausted.
Moving average structure:
MA5 and MA10 are still trending upward, but the price has fallen below MA5.
MA20 ≈ 4245 continues to provide important support from below.
If the four-hour candle continues to close below 4240, bearish targets will shift to 4210/4170.
At this stage, the market is in a correction after a strong upward wave, rather than a trend reversal.
🔴Main Resistance Level
◾ 4340–4355 (previous high + strong resistance)
◾ 4308-4315 (short-term rebound pressure area)
🟢Main support level
◾ 4260–4245 (Bollinger Center Line on H4 + MA20 frame)
◾ 4215–4208 (previous consolidation range support)
◾ 4170–4150 (trend defensive zone – a break below this zone indicates structural weakness)
✅ Trading strategy reference
🔰Buy on dips (main strategy)
📍If the price stabilizes in the 4260-4245 area, you can consider buying in a small amount.
🎯 Target: 4300 / 4330
⛔ Protection: Actual fall below 4240
🔰 Selling high (useful strategy)
📍If there is an obvious rejection signal in the 4340-4345 area, you can consider selling in a small amount.
🎯 Target: 4300 / 4260
⛔ Guarantee: Penetration rate and price are stable above 4360
✅ Trend summary
The medium-term trend of gold is still bullish, but the market has now entered a high-level short-term correction stage.
The main focus next week will not be on chasing gains, but on the price’s ability to hold major support areas.
You need to be cautious in trading and wait for the price structure to be confirmed before making a decision.
