Gold Analysis and Trading Strategy | December 1✅ Last week, gold moved exactly as we anticipated and continued its strong upward trend.
On Friday, we repeatedly emphasized that the 4160–4165 zone was an excellent short-term buying opportunity and highlighted the core strategy of “buying on pullbacks.”
Gold then rallied strongly as expected, closing firmly near 4217, fully validating our trend outlook.
Despite the early closure of the U.S. market during Thanksgiving and the CME technical outage on Friday—which caused temporary liquidity issues and abnormal price fluctuations—the overall bullish rhythm remained intact. The essence of the strong trend did not change.
✅ 4H Chart Analysis
Gold has continued to rise steadily since rebounding from the 4020–4030 area.
Recent candles show multiple strong bullish bars, and the highs have successively broken above 4169 → 4182 → 4195, indicating continuously strengthening bullish momentum.
The latest large bullish candle has pierced the upper Bollinger band, clearly showing powerful upside momentum.
➡️ The 4H structure remains firmly bullish with no signs of a top forming.
Bollinger Bands:
The upper band is opening upward, showing a trending bullish move.
Price is riding along the upper band—a classic sign of a strong trend, where pullbacks are shallow and price tends to continue higher after brief consolidation.
✅ 1H Chart Analysis
The structure is clear: 4155 → 4170–4180 pullback → rally to 4226, forming a textbook bullish uptrend.
As long as 4155 is not broken, the trend is expected to continue toward the 4240–4250 zone.
Moving Averages:
MA5 and MA10 remain upward-sloping and close to price.
MA20 sits at 4188–4190, acting as the key short-term support.
A retest of MA20 should be viewed as a healthy pullback, not a reversal.
➡️ As long as price holds above MA20, the bullish trend will keep extending.
🔴 Resistance Levels: 4240–4245 / 4300
🟢 Support Levels: 4175–4180 / 4155
✅ Trading Strategy Reference
📌 1. Buy on Pullbacks (Main Strategy)
🟠Key buying zone: 4175–4180
🟠If price dips quickly but holds above 4175, consider entering long positions
🟠Strong buy zone: 4155–4160 (secondary long entry)
🎯 Targets: 4225 / 4240–4245
⛔ Stop-loss: below 4150
📌 2. Short on Rejections (Secondary Strategy)
🟠4245–4250 is a major resistance zone
🟠If price spikes into this area but shows rejection (long upper wicks or 1H bearish candle), consider light short positions
🎯 Targets: 4210 / 4185
⛔ Stop-loss: above 4255
✅ Summary
1️⃣ The market trend is bullish → support levels are rising → the uptrend is not finished
2️⃣ The 4H trend is strong, and the 1H chart is accelerating upward
3️⃣ 4155 is the key line — the “life line” of the bullish structure
✅ Key Levels to Watch Next Week
🔴 Upside: 4245–4250 — A break above this opens the path toward 4300
🟢 Downside: 4175–4180 — As long as this support holds, the bullish trend continues
