Gold Analysis & Trading Strategy | Next Week Preview

✅ Gold fluctuated within a $100 wide range this week, with repeated whipsaws, and finally closed with a doji, indicating ongoing tug-of-war between bulls and bears.
Looking ahead to next week, range trading is expected to continue, and the downward adjustment window may open around mid-December.
→ The primary strategy remains selling the rallies (shorting at highs).

✅ Daily Chart (D1) Trend Analysis
On Friday, gold showed intraday upward movement
Topped near 4259 and then pulled back to the starting point
Daily candle closed as another doji
➡️ Lack of bullish continuation → Upward momentum is still weak

✅ 1-Hour Chart (H1) Structure
Moving averages are crossing back and forth
→ No one-sided momentum, price remains range-bound
Upside still capped below 4265
Support remains focused around 4160

📍 If price pulls back to 4160 and holds → Short-term buying opportunity
📍 If 4160 breaks → Gold may open further downside potential

🔴Resistance Levels
4220–4230 → Short-term rejection zone

🟢Support Levels
4174–4170 → Key support area
4160–4165 → Bull/Bear boundary

✅ Trading Strategy Suggestion
Short-term Focus: Sell the highs as the main strategy, buy the dips as secondary
🔰Look for light short entries around 4220–4230
🔰Look for light long opportunities only if 4160–4165 holds well

⚠️ Risk Reminder
Market remains in a washout consolidation phase
Rapid shifts in sentiment may occur
✔ Use light position sizing
✔ Apply strict stop-loss
✔ Adjust based on real-time price action