Gold Analysis and Trading Strategy | October 14

✅ From the overall structure, gold remains in a medium-term bullish trend, but after encountering resistance around 4179, it has started to pull back and is now in a high-level consolidation phase. The main bullish trend remains intact, but selling pressure above has increased as the market digests previous gains.

✅ From the 4-hour chart, after a series of upward moves, the candlesticks have pulled back and are currently fluctuating between MA5 and MA10. Both MA20 and MA60 continue to slope upward, indicating that the medium-term trend is still strong. However, short-term momentum has weakened, and the market is undergoing a high-level correction. The upper Bollinger Band is near 4172, and the middle band around 4046, with prices currently trading between them — a sign of strong consolidation. There is, however, short-term correction pressure. As long as the price does not break below the 4080–4060 support range, the overall uptrend remains valid.

✅ On the 1-hour chart, gold quickly retreated after hitting 4179, stabilizing around 4130. The price movement shows slight weakness but still remains above the main bullish structure.

The moving averages MA5 and MA10 have converged, while MA20 is still pointing upward, indicating intensified short-term price battles between bulls and bears, but no clear reversal signal yet. The upper Bollinger Band is near 4163, and the lower band around 4087. The current candlestick is close to the middle band; if gold holds the 4120–4110 area, a rebound is likely.

The 1-hour timeframe has entered a high-level sideways consolidation and short-term correction phase. If the 4110–4100 zone holds, gold may once again test 4150–4170 in the near term.

🔴 Resistance Levels: 4160–4175 / 4180–4190
🟢 Support Levels: 4110–4100 / 4060–4040

✅ Trading Strategy Reference:
🔰 If gold pulls back to the 4100–4110 zone and holds steady, consider building long positions in batches, targeting 4150–4170, with a stop loss below 4085.

🔰 If gold rises and faces resistance in the 4175–4180 area, consider light short positions, targeting 4120–4105, with a stop loss above 4185.

🔥Trading Reminder: Trading strategies are time-sensitive, and market conditions can change rapidly. Please adjust your trading plan based on real-time market conditions.