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✅ Pass the four-hour structure (H4)
Since gold rebounded from the 4020-4030 area, it has maintained an overall upward trend. But after hitting the last high of 4264, there was a short-term correction trend.
The final four-hour candle shows a series of small declines, indicating weak buying momentum at the highs.
Bollinger Bands:
The upper boundary was previously open upward, but the price fell back from it and entered the adjustment stage between the upper boundary and the middle boundary.
The price has not yet broken through the middle boundary (≈4185), indicating that the medium-term uptrend remains, but with weaker momentum.
Moving average:
MA5 and MA10 are starting to form a bearish crossover, which indicates a short-term pullback.
The MA20 (near 4189) remains bullish and is the key support for the mid-term trend.
✅ Pass one hour structure (H1)
The price continued its decline after hitting a high of 4264 and has now broken above MA5 and MA10.
The current price (4236-4240) is moving below the MA20, indicating that the short-term trend is entering a weak correction phase.
Bollinger Bands:
The upper boundary has begun to curve downward, indicating a weakening of the peak motion.
The lower boundary is located near 4218, increasing the possibility of further declines in the short term.
The “Lower Highs + Lower Lows” pattern on the H1 frame suggests the presence of a small downward corrective channel.
As long as the price does not break out of the 4200-4205 area (the pivot point of H4), the overall uptrend remains intact.
🔴Resistance levels:
4250–4256 / 4270–4275
🟢Support levels:
4220–4215 / 4175–4180
✅ Trading strategy reference:
🔰Buy on dips (main strategy)
1️⃣ First buying area: 4220-4215 (MA20 support)
2️⃣Second buying zone: 4175-4180 (strong support)
🎯 Target: 4250 / 4256 / 4270–4280
⛔ Stop loss: minimum 4170
🔰 Sell at rejection price (secondary strategy)
1️⃣ First sales area: 4255–4265
2️⃣ Second sales area: 4270–4275
If the price reaches these areas and a signal appears, for example:
▪ Long shadow overhead
▪ Or a bearish reversal candle on the hourly chart
You can consider light warehouse.
🎯 Target: 4230 / 4220
📌 Conclusion: Uptrend remains – short-term correction, but overall outlook remains positive
1️⃣ H4 bullish structure is solid → Bollinger Bands are expanding → The uptrend is not over yet
2️⃣ H1 correction is considered a healthy movement after a rise
3️⃣ 4220 level (H1 support) = lifeline of short-term uptrend
4️⃣As long as the price remains at 4175-4180, the trend target is 4270-4280. If there is a strong breakthrough, it may reach 4300.
🔥 Important reminder:
Trading strategies are time sensitive and market conditions can change rapidly.
Please adjust your trading plan according to actual market trends.
