Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Hello traders! I’m Jack Blackwell and I have 15 years of experience analyzing and trading the futures and foreign exchange markets. Below is my technical analysis opinion based on the current XAUUSD chart structure (4-hour and 1-hour timeframes).
✅ 4-hour trend analysis
Currently, the market’s primary trend remains bearish (highs and lows are falling). Since the rebound at 4510, the market has entered a correction phase. However, the price encountered major resistance in the 4620-4635 area, and the rebound failed to break through the previous major resistance area. In terms of moving averages, the upward movement of MA5 and MA10 indicates a short-term correction signal, but MA20 is still bearish, indicating that the mid-term trend has not changed. The Bollinger Bands indicator shows that the price has encountered resistance near the midline, and the midline pressure is still in effect. Therefore, on the 4-hour chart, the downward trend still dominates, and the rebound is now approaching the key resistance area.
✅ One-hour trend analysis
On the 1-hour chart, the price has formed a complete rebound wave from 4510 to 4660. The price has now fallen back from the high point and entered the consolidation stage. The key is that the top of 4660 has not been broken, indicating that the short-term top structure has been formed. Back around 4620, the price stabilized slightly. In terms of moving averages, MA5 has begun to change and MA10 has gone flat, indicating that short-term momentum has begun to weaken. The MACD indicator shows a dead cross at the top, further confirming the weakness of short-term bullish momentum. Overall, the 1-hour chart shows a short-term rise but declining market momentum.
🔴Resistance levels
● 4635 (short-term resistance)
● 4660 (previous high)
● 4690–4700 (strong structural resistance)
🟢 Support level
● 4600 (short-term support)
● 4565 (structural support)
● 4510 (previous low)
✅ Trading strategy signals
🔰 Sales strategy (main idea)
👉Entry points: 4635 – 4655
🎯Target level: 4600 → 4565
📍Logic:
● 4-hour downtrend remains unchanged
● The one-hour chart forms a retracement top at 4660
📌Fault situation:
● If price breaks out and stabilizes above 4660
🔰Buy strategy (short-term rebound)
👉 Entry point: 4575 – 4600
🎯Target level: 4625 → 4655
📍Logic:
● Short-term rebound momentum still exists
📌Risk warning:
● Counter-trend trading
● Transaction size should be small + quick profit taking
⚠️Trend summary
● If the pressure continues below 4635: the rebound fails → returns to the downtrend
● If price falls below 4575: further pullback → test 4550/4510
● If the price breaks through 4660: the rebound continues → target 4690-4700
🔔 If you find this analysis useful, please like and comment to support me, which will encourage me to share more quality content. Also, feel free to share your thoughts on the future price action of this chart!
Sincerely,
jack blackwell