Gold Analysis and Trading Strategy | August 20-21

✅ From the 4-hour chart, gold prices are still moving within a broad downward channel. The current rebound is mainly a correction after the previous continuous decline.
Indicator signals show: the MACD has formed a golden cross at the lows, with the histogram turning positive, indicating stronger rebound momentum; the KDJ has quickly risen from oversold levels but has entered the mid-to-high range, suggesting that while rebound momentum continues, the upside potential is limited. Gold is rebounding, but the overall medium-term trend remains bearish. The 3345–3355 zone is a strong resistance area; if the price faces rejection there, bears may regain control.
On the downside, 3325 is short-term support; if it breaks, the next pullback targets are 3310–3305. A more critical support lies at 3280–3268.

✅ Trend Outlook: Gold is currently in a corrective rebound phase. Short-term momentum favors the bulls, but the medium-term trend remains bearish.

🔴 Resistance Levels: 3345–3350 / 3355–3360
🟢 Support Levels: 3325 / 3310–3305 / 3280–3268

✅ Trading Strategy Reference:
🔰 If gold rebounds to the 3345–3350 area and faces rejection, consider entering short positions, targeting 3325–3310.

🔰 If the price breaks above and holds 3355–3360, the rebound may extend toward the 3380 area.

🔰 If gold breaks below 3310, the rebound phase is over, and the trend may return to the downside.

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