Gold Analysis & Trading Strategy | December 1–2

✅From the H4 structure, gold has maintained an overall bullish trend since rebounding from the 4020–4030 area. However, after reaching the recent high at 4264, price experienced a notable short-term pullback. The latest 4-hour candles show consecutive small bearish candles, indicating that bullish momentum has weakened at higher levels.

Bollinger Bands:
The upper band had previously opened upward, but price has now turned down from the upper band and entered a correction phase between the upper and middle bands. Price has not yet broken below the middle band (≈4185), suggesting that the medium-term bullish structure remains intact, although the strength has diminished.

Moving averages:
MA5 and MA10 have begun to form a bearish crossover, indicating short-term correction. MA20 (around 4189) is still sloping upward and serves as the key medium-term support.

✅From the 1-hour structure, price has continued to retreat after topping at 4264, breaking below MA5 and MA10. The current price (4236–4240) is hovering below MA20, showing that the short-term trend has shifted into a weak corrective phase.

Bollinger Bands:
The upper band has started to bend downward, indicating a weak consolidation at high levels. The lower band around 4218 suggests the risk of further short-term pullback.

The H1 pattern of "lower highs + lower lows" signals a small downward correction channel. As long as price does not break below 4200–4205 (the H4 pivot zone), the overall bullish trend will remain intact.

🔴 Resistance Levels: 4250–4256 / 4270–4275
🟢 Support Levels: 4220–4215 / 4175–4180

✅ Trading Strategy Reference：
🔰 Buy on Pullbacks (Main Strategy)
1️⃣ First buy zone: 4220–4215 (MA20 support)
2️⃣ Second buy zone: 4175–4180 (strong support)
🎯 Targets: 4250 / 4256 / 4270–4280
⛔ Stop-loss: below 4170

🔰 Short on Rejections (Secondary Strategy)
1️⃣ First sell zone: 4255–4265
2️⃣ Second sell zone: 4270–4275
If the price reaches these zones and shows:
▪ Long upper wicks
▪ OR a 1H bearish reversal candle
Light short positions may be considered.
🎯 Targets: 4230 / 4220

📌 Conclusion: Bullish Trend Intact — Short-term Consolidation, but Still Looking Upward
1️⃣ H4 bullish structure intact → Bollinger Band expansion → uptrend not finished
2️⃣ H1 acceleration → mild pullback is normal digestion
3️⃣ 4220 (H1 key support) = the short-term bullish lifeline.
4️⃣ As long as 4175–4180 holds, the trend continues toward 4270–4280, and a strong breakout may lead to 4300.

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