in_tradingview22d ago
🌐Hello traders! I’m Jack Blackwell, with 15 years of experience in gold and forex market analysis and trading. Below are my analysis views based on the current XAUUSD chart structure on the 4-hour and 1-hour timeframes. ✅ 4-Hour Trend Analysis From the 4-hour chart, the area around 4595 has formed a short-term swing high. After an extended rally, the market has produced its first significant pullback candle, while the MACD histogram has started to shrink. This suggests that some bullish traders are taking profits, and the market has entered a short-term technical correction phase. ✅ 1-Hour Trend Analysis From the 1-hour chart, After the sharp rally, gold has entered a high-level consolidation phase. The key level to watch in the short term is the support area around 4524. As long as the price remains above 4524, the current pullback should be viewed as a normal correction within a strong uptrend. Once the correction is completed, bulls may regain momentum and continue pushing higher to retest the previous highs and potentially reach new highs. 🔴 Resistance Levels ● 4570–4595 (current resistance zone) ● 4609 (major 4-hour resistance) ● 4635 (medium-term target level) 🟢 Support Levels ● 4524 (key support zone) ● 4508 (38.2% Fibonacci retracement support) ● 4482–4460 (major 4-hour support zone) ✅ Trading Strategy Reference 🔰 Buy Strategy (Buy the Dip with the Trend) 👉 Entry Zone: 4525–4510 🎯 Targets: 4560 → 4595 → 4609 📍 Reasons: ● The 4-hour bullish structure remains intact ● The pullback is approaching the 23.6% Fibonacci retracement area ● The medium-term recovery structure remains valid 🔰 Sell Strategy (Short at Resistance) 👉 Entry Zone: 4590–4610 🎯 Targets: 4550 → 4524 📍 Reasons: ● Strong resistance remains near the previous high at 4595 ● Signs of bearish divergence are appearing on the 1-hour MACD ● A short-term technical correction is still possible ⚠️ Trend Outlook 👉 If the price regains and holds above 4595, bulls may challenge 4609 → 4635 once again. 👉 If the price breaks below 4508, the correction may extend toward 4482 → 4460. 👉 If the price remains within the 4524–4595 range, the market will likely enter a period of high-level consolidation before the next major move. 🔔 If you find this analysis helpful, please support me by liking and commenting, which will encourage me to share more high-quality content. Also, feel free to share your thoughts on the future price movement of this chart!
