Gold Analysis & Trading Strategy | March 3–4

318
✅ 4H Trend Analysis
● 5419 has confirmed a short-term top.
● Price broke below 5074 → then below the 5000 psychological level.
● A quick rebound occurred near the 4996 low.
● Price is still trading below MA10.
● Moving averages remain in a bearish divergence and have not been repaired.
📌 4H Conclusion:
The trend remains bearish, but the market has entered an oversold corrective rebound phase.

✅ 1H Trend Analysis
● A large bearish candle accelerated the sell-off.
● Followed by a strong bullish rebound candle.
● The rebound has not broken above the 5120–5150 resistance zone.
● Moving averages remain in bearish alignment.
📌 1H Conclusion:
Short-term rebound in progress, but no confirmed reversal structure yet.

🔴 Resistance
● 5120–5150 (first resistance zone)
● 5200–5240 (trend recovery zone)

🟢 Support
● 4996–5020 (psychological support zone)
● 4950–4965 (next downside level if broken)

✅ Trading Strategy Reference
🔰 Short Strategy (Primary Bias)
👉 Entry 1: 5120–5140
👉 Entry 2: 5200–5240
🎯 Targets: 5074 / 5050 / 5000
📍 Logic: Trend has not been repaired — selling the rebound remains the priority.

🔰 Long Strategy (Short-Term Only)
👉 Entry: Stabilization structure near 5000
🎯 Targets: 5070 / 5100 / 5150
📍 Logic: Oversold rebound, not a trend reversal to bullish.

✅ Risk Control
● If 4H closes back above 5120 → bearish momentum weakens.
● If price breaks below 4996 → acceleration toward 4950 likely.

👉 Gold remains in a bearish trend. The current move is an oversold rebound, and 5074 is the key structural decision level.

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.