Gold Analysis and Trading Strategies | May 21 OANDA: XAUUSD by GoldTrend_Master — TradingView

✅ 4-hour frame trend analysis
Judging from the latest 4-hour chart, the downward trend in gold prices shows signs of a short-term rebound. The price rose from the bottom of 4453 to around 4552, breaking through the moving averages MA5 (4503) and MA10 (4502), but still below the MA20 (4526). The midline of Bollinger Bands is also facing upward resistance, indicating that the downward trend may be temporarily under pressure. Overall, the medium-term bearish structure remains in place, but a short-term technical rebound is underway.

✅ Hourly frame trend analysis
The hourly chart shows that the price bottomed near 4467 and then rebounded, breaking through the short-term moving averages MA5 (4540) and MA10 (4523). The Bollinger Bands have also begun to expand upward, while the green column below the zero line of the MACD indicator continues to expand, indicating that the selling momentum has decreased and the strength of the short-term bullish rebound has emerged. In the short term, the price may continue to test the resistance area between 4548-4558.

📊 Fibonacci retracement analysis
Using the last high of 4773 and low of 4453, the Fibonacci retracement levels are as follows:

● 23.6% level: 4538
● 38.2% level: 4582
● 50% level: 4619
● 61.8% level: 4656

The current price has exceeded the 23.6% retracement level of 4538, indicating a short-term rebound trend. However, the price has not yet been able to significantly stabilize above the medium-term moving averages, so selling pressure remains.

🔴Resistance levels
● 4548–4558 (short-term rebound resistance zone)
● 4565 (MA20 4-hour frame resistance level)
● 4582 (Fibonacci resistance level 38.2%)

🟢 Support level
● 4500-4515 (short-term support area)
● 4453 (4-hour frame bottom support)
● 4439 (historical support level)

✅ Suggested trading strategies
🔰 Sales strategies that follow trends
👉 Entry area: 4550–4565
🎯Target: 4505 → 4453 → 4439

🔰 Short bounce buying strategy
👉 Admission area: 4500–4515
🎯Target: 4548→4558→4565

⚠️Future trend view
👉 If the price breaks and stabilizes above 4558-4565: The short-term bullish momentum may continue, with the rebound target at 4582/4619
👉 If price moves back below 4453: Selling forces may accelerate with downside target at 4439/4400
👉 If the price continues to be within the 4505-4548 range: the market may enter a volatile and weak stage, and the high-selling strategy is still the main choice.

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