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Looking at the 4-hour chart, the gold price experienced a fluctuating decline on Thursday, breaking below the 4100 mark and hitting a low near 4022—bringing it within striking distance of the 4000 level. In the short term, we are monitoring resistance in the 4100–4090 range, with a particular focus on the 4135–4140 zone. On the downside, we are watching for support around the 3995–4000 level. Our trading strategy is to look for short positions when rallies face resistance; please stay tuned for updates.
Gold Trading Strategy:
1. Short gold in the 4090–4100 range; add to short positions on a rebound to the 4130–4140 range; stop-loss at 4143; targets at 4000–4020; hold if the level breaks.
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In current week #Gold went through a roller coaster ride where after the breakout form a major bearish trendline at 4030, it retested the level 4166 and again returned back the 4022, structurally gold seems to be moving within a ascending channel, currently taking support of lower boundary, bounce is expected following to which price might retest the significant resistance zone.
However breaking of the channel below the level of 4022 can lead for deeper corrections as trend on the higher timeframe remain bearish.
If you look at the overall structure it might seem like gold forming a double bottom (a bullish reversal pattern), whose neckline is at 4200 on higher timeframes.
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The hourly chart shows a "V-shaped" reversal followed by a spike and subsequent pullback, indicating a rapid waning of bullish momentum.
Short-term moving averages have flattened and the Bollinger Bands are narrowing, signaling reduced volatility and intensified range-bound oscillation.
In the short term, focus on the 4020 support level; a break below this would likely lead to a retest of the 4000 support level.
If the 4020 level holds, expect a rebound to test the 4075–4082 resistance zone. Regarding trading strategy for next week, avoid blindly chasing rallies; instead, focus on trading within the established range.
If the price rebounds to the 4075–4080 resistance zone and shows signs of stalling, consider opening short positions, targeting the key support area of 4040–4022.
In summary, the short-term strategy for gold favors selling into rallies and buying on pullbacks. Key resistance lies at 4080–4100, while key support is found at 4020–4000; please ensure your trading aligns with these levels.
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The 4,018–4,024 support may react before price reaches the main buy zone. However, the deeper liquidity area offers the cleaner setup.
The 4,078–4,096 zone remains strong resistance. Buyers need clear acceptance above it before targeting 4,130.
Gold may remain under pressure toward 4,020 and potentially 3,982–3,990 before the next bullish leg. The preferred setup is a confirmed liquidity sweep and recovery from the main buy zone.
Will gold defend 4,020, or sweep the deeper demand zone before reversing higher?
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During the day, the price pulled back to 4022 before rebounding to 4070; the bullish, range-bound trend is expected to continue into the night session. Short-term support lies at 4050, with strong support at 4040. Short-term resistance is at 4070–4076, and strong resistance is at 4084–4094.
Regarding trading strategy, it is recommended to maintain a bullish bias; any changes will be communicated during the trading session.
Strategy 1: Buy near 4040; stop-loss at 4020; targets at 4084–4100.
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The short position we initiated near 4060 has finally dropped to around 4045. Volatility has been very low today; if you took the trade, you can now reduce your position.
Keep an eye on the 4060–4020 range; if the price reaches this zone, you can look
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Key Technical Levels
Resistance Levels
4,050 – Initial resistance
4,066 – Key resistance and bearish reversal zone
Aggressive traders may consider selling in the 4,050–4,060 range
Support Levels
4,018 – Immediate support
4,000 – Psychological support
3,960 – Key bearish target
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Looking at the 4-hour chart, following yesterday's fluctuating decline, the gold price has retraced below the 4100 mark and is now hovering just above the 4000 level. In the short term, we are monitoring resistance in the 4060–4066 range, with a particular focus on the 4100–4115 zone; on the downside, we are watching for support around the 3995–4000 level. Our trading strategy involves shorting on rallies that face resistance; please stay tuned for updates.
Gold Trading Strategy:
1. Short gold in the 4060–4065 range; add to short positions if it rebounds to the 4090–4100 range; set stop-loss at 4108; target the 3998–4000 range; hold the position if the level breaks.
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Key Technical Levels
Resistance Levels
4,050 – Initial resistance
4,066 – Key resistance and bearish reversal zone
Aggressive traders may consider selling in the 4,050–4,060 range
Support Levels
4,018 – Immediate support
4,000 – Psychological support
3,960 – Key bearish target
#XAUUSD#ForexSingnls#ForexTrader
On the 4H chart, a series of large bearish candles has broken below the moving averages, and the Bollinger Bands are contracting, signaling a shift to short-term bearish momentum. Follow the trend today; resistance levels are at 4082–86 and 4106. The primary strategy is to sell on rallies, targeting 4040, 4000, and 3986–60.
Trading Recommendation: Go short on Gold near 4082–86; stop-loss at 4096; targets at 4050, 4010, and 3986. If the price pulls back to the 4000–3995 support zone and holds, consider a light long position.
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After pulling back upon encountering strong resistance on the 4-hour chart, gold is currently trading below the 4,165 resistance level. Recent downward movement indicates that bearish momentum is dominant, with the price heading toward the 4,000 support zone.
If buyers can hold the 4,000 support level and bullish signals emerge, XAUUSD (spot gold) may attempt a rebound to retest the 4,165 resistance. Conversely, a decisive break below this support level would suggest continued bearish control, potentially leading to a further decline toward the 3,960 area.
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After pulling back upon encountering strong resistance on the 4-hour chart, gold is currently trading below the 4,165 resistance level. Recent downward movement indicates that bearish momentum is dominant, with the price heading toward the 4,000 support zone.
If buyers can hold the 4,000 support level and bullish signals emerge, XAUUSD (spot gold) may attempt a rebound to retest the 4,165 resistance. Conversely, a decisive break below this support level would suggest continued bearish control, potentially leading to a further decline toward the 3,960 area.
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After pulling back upon encountering strong resistance on the 4-hour chart, gold is currently trading below the 4,165 resistance level. Recent downward movement indicates that bearish momentum is dominant, with the price heading toward the 4,000 support zone.
If buyers can hold the 4,000 support level and bullish signals emerge, XAUUSD (spot gold) may attempt a rebound to retest the 4,165 resistance. Conversely, a decisive break below this support level would suggest continued bearish control, potentially leading to a further decline toward the 3,960 area.
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This week, #gold faced resistance near 4160 and pulled back, dropping below 4100; it is currently approaching the 4000 mark.
Can the buyers hold this support level?
Scenario 1: Watch the support near 4000. If it holds, buyers could push the price toward 4050; a successful breakout above 4050 would target the 4080–4100 range next.
Scenario 2: If the price breaks below the 4000–3980 support zone, the next level to watch is around 3960.
This is my current outlook; if you find this helpful, please don't forget to like and support my post.
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briefly held the 4040 support level; our long positions entered near 4040 reached a high around 4050, so you may consider taking partial profits. As long as the support holds, the price is expected to move toward the 4080–4100 resistance zone.
If it drops below 4040, the next support level to watch is around 4000.
More precise signals are available in the VIP group.
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has pulled back to the vicinity of 4040. Please monitor whether the 4040 support level holds; short-term resistance lies in the 4080–4100 range.
Scenario 1: If the 4040 support level holds, buying pressure will push the price toward the 4080–4100 resistance zone. A successful breakout above this resistance would trigger a new upward trend; conversely, if the resistance holds, the price may consolidate within the range in the short term.
Scenario 2: If the 4040 support level fails to hold, the next support level will be around 4000–3980.
This reflects my current market outlook; if you find this helpful, please don't forget to like the post.
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has pulled back to the vicinity of 4040. Please monitor whether the 4040 support level holds; short-term resistance lies in the 4080–4100 range.
Scenario 1: If the 4040 support level holds, buying pressure will push the price toward the 4080–4100 resistance zone. A successful breakout above this resistance would trigger a new upward trend; conversely, if the resistance holds, the price may consolidate within the range in the short term.
Scenario 2: If the 4040 support level fails to hold, the next support level will be around 4000–3980.
This reflects my current market outlook; if you find this helpful, please don't forget to like the post.
Gold is currently testing the 4040 support level repeatedly; this is a key area to watch.
For long positions near 4040, you can set your stop-loss around 4035. If the price holds above 4040, gold is likely to continue rising; if it breaks below, look to re-enter long positions in the 4000–4010 range.
This is my latest analysis—if you find it helpful, please like and follow.
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We entered a long position near the 4040 support level, and the price has now reached the 4061 area, successfully securing a profit of 200 points.
We will continue to monitor the 4040–4080 range. As long as the 4040 support level holds, the bullish trend remains intact.
I am continuously providing accurate trading signals; feel free to reach out to me if you need them.