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✅ Looking at the 4-hour chart, gold remains within an overall bearish correction structure.
The moving averages MA5 and MA10 have crossed bearishly and continue to weigh on price action, indicating that the short-term rebound will be limited.
MA20 is located near the 4097 level, which is a strong resistance level. The bearish structure will not change unless the price stabilizes above this level.
Bollinger Bands are widening downwards, reflecting a weakening trend.
The price previously broke through the lower boundary of the channel (near 3980). Although it rebounded, it is still below the middle boundary.
Gold prices repeatedly tested the 3997-4000 support level and experienced a short and weak rebound, confirming that this rebound was only a technical correction rather than a trend reversal.
✅ On the 1-hour chart, gold is clearly showing a short-term correction rebound.
The price broke above MA5 and MA10 and stabilized above the short-term moving average, indicating improved rebound momentum.
The upper resistance is located at 4075-4078, the upper boundary of the Bollinger Band, an area where price rejection has occurred many times.
MA20 (around 4036-4040) has turned from resistance to short-term support.
As long as this level continues, there is room for the structure on the case to continue to bounce.
The longer lower shadow and heavy trading at 4050-4060 suggest buyers are trying to establish a short-term base.
However, this short-term rebound did not change the larger downward trend.
If the gold price does not break through the 4075-4080 level, the rebound may end and the price will return to the downward rhythm.
🔴Resistance levels:
4075–4080/4100–4108/4150
🟢Support levels:
4036–4040/4000–3997/3953
✅ Suggested trading strategies
🔰 Strategy 1 — Look for short trades near resistance areas (trending):
If gold rebounds to 4075-4080 and price rejection occurs:
You may consider doing a small sell trade
Stop loss: above 4088
Target: 4050→4035→4000
👉 This area combines multiple resistances from the moving averages and upper Bollinger Bands, making it a high-probability area for short trades.
🔰Strategy 2 – Short-term buying trade from the support area (against the trend and with small trading volume):
If gold prices fall to 4035-4040 and stabilize:
You can try short-term buying transactions
Stop loss: below 4030
Target: 4060 → 4075
👉 This is a patch deal only – not suitable for larger deals.
🔰Strategy 3 – If gold prices break through the 4,000 mark, the decline may accelerate:
A break above the 3997-4000 level could lead to a stronger decline with targets:
3953 → 3920
✅ Conclusion
Gold is still in a downward trend controlled by selling pressure, and the current rebound is still a weak callback.
As long as the price remains under pressure in the 4080-4100 area, the downward trend will remain under control.
