Gold Analysis & Trading Strategy | November 19-20✅ From the 4-hour chart, gold experienced a strong rebound yesterday, releasing some short-term bullish momentum. However, the price encountered significant resistance near 4132 (previous high + upper Bollinger Band).
The latest candle shows a large bearish candle with a long upper wick, which is a classic signal of bulls failing to break higher and profit-taking pressure intensifying.
MA5 and MA10 have started to turn downward, indicating weakening short-term momentum.
MA20 (around 4089) still provides partial support, but it has already been broken through quickly.
The upper Bollinger Band (around 4130) remains a strong resistance level, with price quickly falling below the mid-band after the spike.
The lower wick touched 4055, suggesting that short-term buying interest exists in this area.
The short-term rebound structure has been damaged, and the 4-hour timeframe has entered a corrective phase turning weaker again.
If gold breaks below 4058–4050, bearish momentum will strengthen further.
✅ On the 1-hour chart, gold formed a short-term high at 4132, followed by a sharp sell-off.
Two consecutive large bearish candles broke below MA5 / MA10 / MA20 / MA60, forming a classic one-sided reversal signal.
The bullish structure is completely broken, and moving averages have shifted back into a bearish alignment.
Key support lies at 4050–4049, a strong confluence support zone. Breaking below this area will open further downside potential.
The current small rebound is weak and only a technical correction, showing that bears still dominate the short-term price action.
The rebound only reached below MA20 (around 4085), showing that selling pressure above remains strong.
Short-term structure is bearish, and any weak rebound is unlikely to break above 4085–4090. After the rebound, price is still likely to retest the 4050 area.
🔴 Resistance Levels：4085–4090 / 4100–4110 / 4125–4132
🟢 Support Levels：4058–4050 / 4030 / 3998
✅ Trading Strategy Reference
🔰 Strategy 1: Short at 4085–4090 (Main Idea)
If gold rebounds to 4085–4090 and shows resistance:
Light short positions
Stop-loss: 4098
Targets: 4060 / 4050
👉 Current trend is bearish; selling rebounds is the main logic.
🔰 Strategy 2: Short again at strong resistance (Aggressive Short)
If gold rebounds to 4100–4110:
Medium-sized short positions
Stop-loss: 4118
Targets: 4065 / 4050
👉 This area is strong resistance; short-term breakout probability is low.
🔰 Strategy 3: Breakout shorts below 4050 (Trend-following)
If price breaks 4050:
Bearish momentum will accelerate
Targets: 4030 / 4000
👉 4050 is the key level determining whether bears will continue the downward move.
📌 Summary
4H rebound was rejected; structure turning weaker
1H shows a sharp breakdown; bears dominate short-term price action
4085–4090 is the main zone for selling rebounds
4050 is the most important support today—breaking it will open deeper downside
