Gold Analysis and Trading Strategy | October 27

✅ Last week, gold closed with a long upper shadow candle, indicating strong selling pressure at higher levels. Since rising from 3311 on August 20, the weekly chart has recorded nine consecutive bullish candles, with last week marking the first bearish close, suggesting that the long-term uptrend is weakening and market sentiment is turning more cautious. Structurally, the medium-term bullish momentum is fading, and if gold fails to stabilize, it may gradually enter a corrective phase.

✅ The Federal Reserve’s interest rate decision will be announced this Wednesday. If the outcome and statement do not trigger significant changes in policy expectations, market volatility may remain limited, and gold is likely to continue oscillating within the $4000–$4200 range. It is worth noting that rate-cut expectations have already been largely priced in; if the statement is hawkish, gold may come under short-term pressure, while a dovish tone or any geopolitical risk events could trigger a temporary rebound.

✅ 4-Hour Chart Analysis:
Gold continues to move within a downward channel, with short-term moving averages (MA5, MA10, MA20) aligned in a bearish formation. The price is trading near the lower Bollinger Band, indicating that bears remain dominant. If the price breaks below 4000, it could open up further downside potential.

✅ 1-Hour Chart Analysis:
Gold currently shows a “double-top + consolidation” structure, with lower lows continuously forming. After touching the lower Bollinger Band at 4015, the price rebounded slightly, suggesting a short-term technical correction, though the upside remains limited. The middle band near 4080 serves as a key level to gauge rebound strength. If the price fails to break above 4080–4100, the bearish trend is likely to continue.

🔴 Resistance Levels: 4075–4085 /4100-4115
🟢 Support Levels: 4010–4000 / 3950-3930

✅ Trading Strategy Reference:
🔰 If gold rebounds to 4075–4085 and faces resistance, consider light short positions, with a stop loss of 8–10 USD and targets at 4100–4050.

🔰 If gold pulls back to 4010–4000 and stabilizes, consider short-term long positions, with a stop loss below 3995 and targets at 4050–4075.

🔰 If gold breaks below 4000, the next downside targets are 3950–3930.

✅ After nine consecutive weeks of gains, the first bearish weekly candle indicates that bullish momentum is weakening. In the short term, the market remains in a sideways consolidation phase. Focus on the 4100 breakout zone and the 4000 support area. Before a clear breakout occurs, maintain a range-trading strategy — sell at highs and buy at lows, with strict risk management.