Gold Analysis and Trading Strategy | November 13–14

✅From the 4H chart, gold reached a recent high of 4245.10 before encountering clear resistance and pulling back. The upper Bollinger Band (4234.51) acted as a strong rejection zone, and the price has since retreated toward the 4200 level.

Currently, gold is consolidating between 4190–4210, with short-term moving averages (MA5 at 4204.33, MA10 at 4180.59) forming a potential narrow convergence zone. The MA20 (4150.72) provides additional dynamic support below.
This suggests that while the broader trend remains bullish, the short-term structure has entered a minor correction phase after the sharp rally.

If gold stabilizes above 4175–4180, the medium-term bullish outlook remains intact. A break below that zone could open the way toward 4150–4140, whereas a rebound above 4215–4220 could signal renewed upside momentum.

✅On the 1H timeframe, gold shows a short-term pullback structure after testing 4245. The price has broken below the short-term moving averages (MA5 4207.15, MA10 4220.06), and the Bollinger midline (4211.97) now acts as immediate resistance.

The candles indicate a loss of upward momentum, and the MACD is turning flat, confirming a short-term correction pattern. Support lies around 4179–4185, aligning with the lower Bollinger Band.
If this support holds, we may see a technical rebound toward 4210–4225. However, failure to defend 4175 would likely trigger deeper retracement toward 4150.

Overall, gold is consolidating within a healthy pullback after a strong run-up, and a base-building phase may precede another bullish leg.

🔴 Resistance Levels: 4215 / 4235 / 4245
🟢 Support Levels: 4175 / 4150 / 4138

✅ Trading Strategy Reference
🔰 If gold rebounds to 4215–4230 and shows rejection, consider light short positions, targeting 4180–4160, with a stop loss above 4248.

🔰 If gold pulls back to 4175–4185 and holds, consider buying on dips, targeting 4215–4240.

📈 Summary:
Gold remains in a broader uptrend, but short-term charts show correction and consolidation pressure after hitting 4245.
Focus on the 4175–4230 range — buy on dips near support and take partial profits near resistance.