Gold Trading Strategy | November 5–6✅ On the 4-hour timeframe, gold has gradually entered a weak consolidation and corrective phase after the previous decline. The current candlesticks are fluctuating near the Bollinger middle band (around 3984).
🔸 The MA5 and MA10 are flattening and slightly pointing downwards, indicating limited short-term bullish momentum. MA20 is suppressing the price, reflecting clear upside pressure. The moving averages remain in a bearish alignment, suggesting strong overhead resistance. This implies that the medium-term structure is still weak, and the current rebound is corrective in nature.
🔸 The Bollinger Bands continue to narrow, with the middle band (3984) acting as a key resistance zone, while the upper band (4037) provides significant pressure. Lower highs in the candlestick structure indicate a weak rebound with pullback confirmations.
✅ On the 1-hour timeframe, gold is forming a continuous staircase-style rebound, showing obvious short-term bullish rhythm.
🔸 The MA5, MA10, and MA20 are aligned in a bullish formation, with the candlesticks consistently trading above the MA5, and the MA20 providing solid support from below. This reflects short-term strength. If the price breaks above the 3990–3995 resistance zone, it may open further upside potential.
🔴 Resistance levels: 3988–3990 / 3995–4000 / 4030
🟢 Support levels: 3975–3978 / 3963–3965 / 3930
✅ Trading Strategy Reference
🔰 Rebound Short Setup
If gold rebounds to 3990–3995 and faces rejection,
→ Consider light short positions,
🎯 Targets: 3978 / 3975
⛔ SL above 4002
🔰 Pullback Long Setup
If gold pulls back toward 3975–3978 and stabilizes,
→ Consider light-lot long positions,
🎯 Targets:3988–3990
⛔ SL below 3968
🔥Trading Reminder: Trading strategies are time-sensitive, and market conditions can change rapidly. Please adjust your trading plan based on real-time market conditions.
