✅ 4-Hour Chart Analysis
Gold is currently hovering around the MA5 and MA10 (near 3990), with short-term direction still undecided. The MA20 (around 4004) has shifted from support to resistance, indicating that short-term bullish strength is limited.
The Bollinger Bands are narrowing, showing reduced volatility and suggesting the market has entered a consolidation phase. The middle band (4004) is acting as a key upper resistance. After the recent decline, gold is showing a weak rebound but remains within a corrective structure. If it fails to break above 4000-4005, the rebound is likely to be limited, with the risk of another pullback.
✅ 1-Hour Chart Analysis
Short-term moving averages (MA5/MA10) are turning upward, and the price is consolidating around 3995-4000, showing some rebound momentum. However, the MA20 and MA60 above are acting as resistance, limiting further upside potential.
The Bollinger mid-band (around 3978) has been reclaimed, and the price is now near the upper band, but without a clear breakout, indicating insufficient bullish momentum. The 1-hour chart shows a short-term rebound, but with heavy resistance above, if gold cannot hold above 4000-4005, it may quickly retreat again.
🔴 Resistance Levels: 3995-4005
🟢 Support Levels: 3945-3925
✅ Trading Strategy Reference:
🔻 Watch the 3995-4005 zone; if the price is rejected, consider short positions targeting 3970-3950.
🔺 If the price pulls back to 3945-3925 and stabilizes, consider light long positions targeting 3980-4000.
🔥Trading Reminder: Trading strategies are time-sensitive, and market conditions can change rapidly. Please adjust your trading plan based on real-time market conditions.
