t>

Gold Analysis and Trading Strategies | March 20-21, OANDA:XAUUSD by Gold_Maestro — TradingView


🎉 Congratulations to the members of our Trading Signals Group — your total profit this week reached over 5,000 pips (PIPS)! 👏👏👏

✅ 4-hour frame trend analysis:
Judging from the four-hour chart, the market is still in the continuation stage of the unilateral downward trend. Although there was a brief rebound after breaking through 4550, the overall structure of “lower highs + lower lows” has not changed.

The current retracement high remains below 4620 points, failing to break through the previous structural resistance area, indicating that sellers still control the market. The moving averages (MA5, MA10 and MA20) remain in bearish divergence with the price trading below them. Furthermore, Bollinger Bands are trending downward. Although there is a short-term consolidation, the overall structure shows that the downward trend is continuing rather than reversing.

✅ Hourly frame (1H) trend analysis:
On the hourly chart, the price rebounded weakly from around 4540 to around 4610, but failed to continue rising and returned to weakness again.

Current price action suggests a weaker rebound, with highs continuing to form and bearish candles regaining dominance.
As for the moving averages, MA5, MA10 and MA20 are still trending downward, with prices constantly moving below them. The current sideways trend is likely to be a consolidation stage before a new round of decline, rather than the formation of a bottom.

🔴Resistance levels
● 4620 – 4640 (current rebound resistance zone)
● 4670 – 4700 (main structural resistance)
● 4740 – 4800 (trend reversal area)

🟢 Support level
● 4540 – 4500 (current support area)
● 4480 – 4450 (Main Support)
● 4400 – 4350 (lower limit of support range)

✅ Trading strategies

🔰 Sales strategy (main trend: selling with the trend)
👉 Entry point: 4620 – 4640 (sell on rebound)
🎯Target: 4560/4520/4500/4479
📍Logic: There is a clear downward trend on the 4-hour frame, while there is a weak rebound on the 1-hour frame – a typical callback selling opportunity.

🔰 Buying strategy (only for short-term rebound)
👉 Entry point: 4480 – 4500 (Lightweight)
🎯Target: 4540 – 4580
📍Logic: A technical rebound based on previous lows but counter-trend – requires strict risk management.

⚠️Trend summary
👉 The downtrend on the 4-hour frame remains intact without any structural reversal signals.
👉 The hourly rebound momentum is fading, indicating that the decline may continue after the consolidation.
👉 A break above the 4500 level could open the way for further declines (4450/4400).
👉If the price stabilizes above 4630 again, the market may enter a short-term rebound stage, targeting 4670 – 4700.



Source link

Leave a Reply

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