✅ 4-Hour Trend Analysis
From the 4-hour timeframe, gold has currently broken below the pivot point at 4105.41. At the same time, price is also trading below MA10（4105.74） and the Bollinger Band midline / MA20（4107.06）, indicating that the 4-hour rebound structure is starting to weaken.
Currently, there is still some distance between the price and the 4-hour Bollinger Band lower line at 4047.75, but the short-term structure has gradually shifted from high-level consolidation to a weaker pullback. The 4105–4107 area above has now turned from support into short-term resistance. If price cannot move back above this area, gold may still face the risk of further downside toward 4072 → 4048.
✅ 1-Hour Trend Analysis
From the 1-hour chart, gold has already broken below MA5（4111.03）, MA10（4117.00）, and the Bollinger Band midline / MA20（4120.58）. It has also broken below the pivot point at 4105.41, showing that short-term bearish momentum on the 1-hour timeframe has clearly strengthened.
As long as the rebound cannot stabilize back above the 4111–4120 area, the overall structure remains weak.
🔴 Key Resistance Levels
● 4105–4120: Short-term resistance zone
● 4135–4140: Short-term strong resistance zone
● 4156–4167: Structural resistance zone
🟢 Key Support Levels
● 4080–4070: Short-term support zone
● 4048–4047: 4-hour Bollinger Band lower support zone
● 4021–4020: Key support zone
✅ Trading Strategy Reference
🔰 Short Position Strategy: Watch for further downside opportunities after rebound rejection
👉 Sell Zone 1: 4105–4115
👉 Sell Zone 2: 4125–4135
🎯 Targets: 4072 → 4048 → 4021 → 3989
⚠️ The short strategy mainly depends on whether price is rejected in the 4105–4120 area. If the 1-hour candle continues to close bearish after a rebound, or if a long upper shadow appears, it would indicate that upside pressure remains strong and bears may continue to test lower support levels.
🔰 Long Position Strategy: Avoid blindly buying the dip for now; wait for support confirmation
👉 Buy Zone 1: 4072–4070
👉 Buy Zone 2: 4048–4047
🎯 Targets: 4105 → 4111 → 4120 → 4136
⚠️ For long positions, it is better to wait until price pulls back to key support and shows clear stabilization signals, such as a 1-hour bullish reversal candle, a long lower shadow, or slowing downside momentum on MACD, before considering short-term buying.
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