Gold Trading Strategy | October 1

✅ 4-Hour Chart Analysis
Gold surged to 3871 before pulling back sharply, showing strong resistance at that level.
Support was found in the 3790–3800 zone, followed by a rebound. Currently, the candlesticks are fluctuating above the mid-band (around 3837), but remain capped by the upper band at 3855–3860.

The MACD histogram has contracted significantly, indicating weakening bullish momentum and stronger pressure at the highs.
The 4-hour chart shows gold is still in a high-level consolidation range, with strong resistance above and solid support below, reflecting clear range-bound characteristics.

✅ 1-Hour Chart Analysis
The MA5 has crossed above the MA10 again, showing short-term stabilization.
The Bollinger Bands are narrowing, with price trading above the mid-band, signaling a short-term consolidation pattern.
The MACD histogram is shrinking, showing that bearish momentum is weakening and bulls may gradually recover.

🔴 Resistance Levels: 3855–3860 / 3870–3872
🟢 Support Levels: 3825–3830 / 3790–3800

✅ Trading Strategy Reference
🔰 If gold faces resistance around 3855–3860 and fails to break through, consider short positions with targets at 3830–3825, and further down to 3800 if broken. Stop-loss above 3872.

🔰 If price pulls back to 3825–3830 and finds support, light long positions can be considered with targets at 3855–3860. Stop-loss below 3815.

🔰 If price breaks above 3872 effectively and holds, it could open the door for further upside. Light long positions may be taken with targets at 3890–3900.

✅ Conclusion
Gold is currently fluctuating within the 3800–3870 range, with a short-term bias toward rebound recovery but facing clear resistance above. Trading is best approached with a range-bound strategy (sell highs, buy lows) as the main plan, and breakout-following as secondary, while strictly controlling stop-loss levels.