✅ From the 1-hour chart, gold has pulled back from the 4117 high and is currently trading between MA5 and MA10, showing a slowdown in short-term momentum.
The moving average system shows MA5 starting to turn downward, while MA10 and MA20 remain upward, indicating short-term correction pressure but strong medium-term support.
The Bollinger upper band near 4117 is acting as resistance, while the middle band around 4077 serves as the key short-term support. If the price stabilizes above this level, a short-term rebound is likely.
🔴 Resistance Levels: 4115-4120
🟢 Support Levels: 4070-4060
✅ Trading Strategy Reference:
🔰 If gold pulls back to the 4060-4070 zone and holds steady, consider building long positions in batches, targeting 4105-4120.
🔰 If gold faces repeated resistance around 4120-4130 and momentum weakens, consider light short positions, targeting 4085-4070, with a stop loss above 4135.
🔥Trading Reminder: Trading strategies are time-sensitive, and market conditions can change rapidly. Please adjust your trading plan based on real-time market conditions.
