Gold Analysis and Trading Strategy | November 26–27

✅ From the 4-hour chart, gold pulled back noticeably after forming a short-term high at 4173, indicating strong selling pressure above. The price has repeatedly failed to hold above 4170, confirming the effectiveness of the upper resistance. The price is currently trading above MA5 and MA10, but short-term bullish momentum is weakening. The Bollinger Bands are slightly narrowing, showing that the market has entered a high-level consolidation range. Overall, gold remains in a high-level sideways structure, with limited bullish continuation and a tendency for pullbacks after pushing higher.

✅ From the 1-hour chart, gold rebounded quickly after gaining support at 4136, but once again showed a long upper shadow after testing 4173, indicating rejection. Although MA5 and MA10 remain upward-sloping, the candlesticks are repeatedly being pushed down, suggesting a short-term choppy structure. The Bollinger upper band is suppressing the price, and multiple attempts to break through have failed.
The 1-hour chart shows a weak upward attempt followed by consolidation, and price action above 4170 shows a lack of willingness from buyers to chase higher levels—short-term momentum remains weak.

🔴 Resistance Levels: 4170–4175 / 4182–4190
🟢 Support Levels: 4136–4140 / 4109–4115

✅ Trading Strategy Reference
🔰 1. Short on Rebounds (Main Strategy)
📍 Sell lightly in the 4170–4175 zone
🎯 Targets: 4156 / 4145 / 4136
⛔ Stop-loss: Above 4182

Reason:
H4 and H1 both show repeated failure to break higher
Long upper shadows indicate strong selling pressure
This zone is the top of the high-level consolidation range

🔰 2. Buy on Pullbacks (Secondary Strategy)
📍 Consider long positions near 4136–4140
🎯 Targets: 4160 / 4170
⛔ Stop-loss: Below 4128

Reason:
4136 is today’s key support and the previous rebound point
Short-term moving averages provide support below
As long as 4136 holds, price remains in a buy-the-dip zone within the consolidation structure

📌 Summary
Gold remains in a high-level consolidation structure:
Strong resistance at 4170–4175 → easy to pull back after testing
Solid support at 4136–4140 → buyers tend to step in on dips

📌 Short-term rhythm:
Sell high, buy low — trade within the 4136–4175 range.