✅ From the overall structure, gold is still moving within an upward channel, with the previous high around 4179 remaining a key short-term resistance level. Although selling pressure above has increased, the price continues to trade steadily above all major moving averages (MA5, MA10, MA20, MA60), indicating that the main bullish trend remains intact.
✅ On the 4-hour chart, the moving averages MA5 and MA10 maintain an upward slope, while MA20 and MA60 continue to rise, forming a standard bullish alignment — showing that the medium-term uptrend is still intact.
Currently, the price is moving above MA5 and MA10, suggesting that the bulls still have the upper hand.
The upper Bollinger Band is near 4196, and the middle band is around 4058. The price is moving between the middle and upper bands, indicating a strong consolidation zone. In the short term, gold may continue oscillating between 4120-4180, building momentum for a potential breakout above 4190.
As long as it does not fall below the middle band or MA20 (around 4050-4060), the overall bullish trend remains intact.
✅ On the 1-hour chart, gold is currently holding steady around 4145-4150, showing high-level consolidation in the short term. If the price holds above MA10 (around 4132), there is potential for another rebound toward the 4160-4175 range.
The upper Bollinger Band near 4165 forms short-term resistance, while the lower band around 4104 provides support. The middle band (around 4134) serves as a key support level.
If the middle band holds, the short-term rebound could continue; if it breaks, deeper correction may follow.
The 1-hour structure indicates that gold is undergoing high-level sideways correction, with short-term direction still unclear. If 4130-4120 support holds, gold is likely to extend its upward move; if it breaks below, a further pullback toward 4100-4085 could occur.
🔴 Resistance Levels: 4165-4175 / 4185-4190
🟢 Support Levels: 4130-4120 / 4100-4085
✅ Trading Strategy Reference:
🔰 If gold pulls back to the 4120-4130 zone and holds steady, consider building long positions in batches, targeting 4160-4175, with a stop loss below 4105.
🔰 If gold rises to the 4175-4185 area and faces resistance, consider light short positions, targeting 4135-4120, with a stop loss above 4190.
🔥Trading Reminder: Trading strategies are time-sensitive, and market conditions can change rapidly. Please adjust your trading plan based on real-time market conditions.
