🌐Hello traders! I’m Jack Blackwell, with 15 years of experience in analysis and trading in the futures and forex markets. Below are my technical analysis views based on the current XAUUSD (4H and 1H timeframes) chart structure.
✅ 4-Hour Trend Analysis
From the 4-hour chart, gold remains in a strong bearish trend. The recent sharp sell-off pushed gold to a new swing low near 3959, where a modest rebound has emerged. However, the current rebound appears to be driven mainly by short-covering and profit-taking rather than genuine bullish accumulation. Unless gold can recover above the 4025–4068 resistance area, the broader trend remains bearish.
✅ 1-Hour Trend Analysis
On the 1-hour chart, gold continues to form a clear pattern of lower highs and lower lows.After falling sharply toward the 3959 area, the market attempted a technical rebound, but price remains below the MA20 and below the previous breakdown levels.
In the short term, gold may enter a consolidation phase between 3960 and 4025, but any rebound toward resistance zones is likely to attract renewed selling pressure unless buyers can reclaim and hold above 4025.
🔴 Key Resistance Levels
● 4025–4050 (Immediate resistance zone)
● 4068–4095 (Previous support turned resistance)
● 4132–4145 (Major bearish control zone)
🟢 Key Support Levels
● 3960–3950 (Current key support zone)
● 3920–3900 (Psychological support zone)
● 3850–3830 (Next downside target zone)
📈 Trading Strategy Reference
🔰 Short Position Strategy (Sell the Rally)
👉 Sell Zone 1: 4025–4040
👉 Sell Zone 2: 4070–4090
🎯 Targets: 4000→ 3960 → 3920
📍 Rationale:
• Both 4H and 1H structures remain bearish.
• Previous support levels have turned into resistance.
• Price remains below all major moving averages.
🔰 Long Position Strategy (Oversold Rebound)
👉 Buy Zone 1: 3960–3950
👉 Buy Zone 2: 3920–3900
🎯 Targets: 3995 → 4025 → 4068
📍 Rationale:
• Price is testing a major support area.
• Market is becoming heavily oversold.
• Potential exists for a short-term technical rebound.
⚠️ Trend Outlook
👉 If gold breaks below 3950 and closes beneath this level on the 4-hour chart, bearish momentum could accelerate further toward 3920 → 3900 → 3850.
👉 If price can reclaim 4025 and hold above it, a short-term recovery toward 4068–4095 may develop.
🔔 Gold market conditions change rapidly, and seizing opportunities is essential!
If you feel uncertain or confused about the current market direction, you're always welcome to discuss the market with me. I can provide real-time trading signals, professional strategy support, and in-depth market analysis to help you make more informed trading decisions.
We are committed to helping you improve your trading efficiency, navigate market fluctuations with greater confidence, and achieve more stable and consistent profits over the long term.
✅ 4-Hour Trend Analysis
From the 4-hour chart, gold remains in a strong bearish trend. The recent sharp sell-off pushed gold to a new swing low near 3959, where a modest rebound has emerged. However, the current rebound appears to be driven mainly by short-covering and profit-taking rather than genuine bullish accumulation. Unless gold can recover above the 4025–4068 resistance area, the broader trend remains bearish.
✅ 1-Hour Trend Analysis
On the 1-hour chart, gold continues to form a clear pattern of lower highs and lower lows.After falling sharply toward the 3959 area, the market attempted a technical rebound, but price remains below the MA20 and below the previous breakdown levels.
In the short term, gold may enter a consolidation phase between 3960 and 4025, but any rebound toward resistance zones is likely to attract renewed selling pressure unless buyers can reclaim and hold above 4025.
🔴 Key Resistance Levels
● 4025–4050 (Immediate resistance zone)
● 4068–4095 (Previous support turned resistance)
● 4132–4145 (Major bearish control zone)
🟢 Key Support Levels
● 3960–3950 (Current key support zone)
● 3920–3900 (Psychological support zone)
● 3850–3830 (Next downside target zone)
📈 Trading Strategy Reference
🔰 Short Position Strategy (Sell the Rally)
👉 Sell Zone 1: 4025–4040
👉 Sell Zone 2: 4070–4090
🎯 Targets: 4000→ 3960 → 3920
📍 Rationale:
• Both 4H and 1H structures remain bearish.
• Previous support levels have turned into resistance.
• Price remains below all major moving averages.
🔰 Long Position Strategy (Oversold Rebound)
👉 Buy Zone 1: 3960–3950
👉 Buy Zone 2: 3920–3900
🎯 Targets: 3995 → 4025 → 4068
📍 Rationale:
• Price is testing a major support area.
• Market is becoming heavily oversold.
• Potential exists for a short-term technical rebound.
⚠️ Trend Outlook
👉 If gold breaks below 3950 and closes beneath this level on the 4-hour chart, bearish momentum could accelerate further toward 3920 → 3900 → 3850.
👉 If price can reclaim 4025 and hold above it, a short-term recovery toward 4068–4095 may develop.
🔔 Gold market conditions change rapidly, and seizing opportunities is essential!
If you feel uncertain or confused about the current market direction, you're always welcome to discuss the market with me. I can provide real-time trading signals, professional strategy support, and in-depth market analysis to help you make more informed trading decisions.
We are committed to helping you improve your trading efficiency, navigate market fluctuations with greater confidence, and achieve more stable and consistent profits over the long term.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.