Gold Analysis & Trading Strategy | November 17-18

✅ From the 4-hour chart, after gold topped at 4245, the price continued to break downward and is still trading below all short-term moving averages (MA5 / MA10 / MA20). This indicates that the larger-cycle bearish trend remains intact.
MA5 < MA10 < MA20 — the bearish alignment is clear, and every rebound has been suppressed near MA10 (4110).

💹 Bollinger Bands:
The lower band continues to extend downward, the middle band (around 4146) is sloping lower, and the lower band has moved down to 4035.
Gold is currently oscillating weakly near the lower band, suggesting that the market is still releasing downside momentum and the lower support has not stabilized.

✅ From the 1-hour chart, gold has been unable to hold above MA20 (around 4084).
MA5 and MA10 are pressing downward, while MA20 and MA60 act as strong resistance. Each rebound candle shows an upper wick, indicating heavy selling pressure.
The 1-hour timeframe is a weak consolidation and there is no valid sign of bottoming or reversal.

💹 Bollinger Bands:
The bands are narrowing at the lows, with the middle band (around 4084) moving sideways.
The market is consolidating at low levels and may choose a direction soon — with a higher probability of continuing downward in line with the main trend.

🔴 Resistance Levels: 4110–4120 / 4140–4150
🟢 Support Levels: 4060–4050 / 4032–4035

✅ Trading Strategy Reference:
🔰 If gold rebounds to 4110–4120 and meets resistance, consider light short positions. The target can be set at 4050–4030. If the decline continues, further targets are 4000 and 3930–3887.

🔰 If gold rebounds to 4140–4150 and faces rejection, high-position shorts can be taken, targeting 4100–4080.

🔰 If gold pulls back to 4035–4040 and stabilizes, consider low-position longs, targeting 4060–4080.

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