Gold Analysis & Trading Strategy | June 26GoldOANDA:XAUUSDGoldTrend_Master🌐Hello traders! I’m Jack Blackwell, with 15 years of experience in analysis and trading in the futures and forex markets. Below are my technical analysis views based on the current XAUUSD (4H and 1H timeframes) chart structure. 📊 4-Hour Trend Analysis From the 4-hour timeframe, gold has formed a short-term bottom around 3959 and has recently staged a notable rebound. Price has now moved back above MA5 and MA10, and is beginning to challenge MA20 (around 4070). At the same time, price is approaching the previous key resistance zone around 4040–4050. However, from the broader market structure, price is still trading below both MA20 and MA200, and the moving averages have not yet formed a bullish alignment. Therefore, the long-term trend remains bearish. The current rally is more likely a corrective rebound following the previous decline, rather than a major trend reversal. 📊 1-Hour Trend Analysis On the 1-hour chart, short-term momentum is clearly stronger than on the 4-hour timeframe. Since rebounding from around 3959, gold has continued to form higher highs and higher lows. Both MA5 and MA10 are sloping upward, while the MACD remains above the zero line, indicating that bullish momentum still has the upper hand. However, if price fails to break above 4050, upside potential may become limited, and the market is more likely to enter a period of sideways consolidation at higher levels. 🔴 Key Resistance Levels ● 4040–4050 (Short-term resistance zone) ● 4070–4090 (Major resistance zone) ● 4130–4140 (Medium-term strong resistance zone) 🟢 Key Support Levels ● 4000–3990 (Short-term support zone) ● 3960–3950 (Key support zone) ● 3920–3900 (Medium-term support zone) 📉 Trading Strategy Reference 🔰 Short Position Strategy (Sell at Resistance) 👉 Sell Zone 1: 4040–4050 👉 Sell Zone 2: 4070–4090 🎯 Targets: 4010 → 3990 → 3960 📍 Rationale: ● The overall 4-hour trend remains bearish. ● Price has entered a key resistance zone. ● Strong overhead supply and selling pressure remain. 🔰 Long Position Strategy (Buy the Pullback / Breakout Follow-Through) 👉 Buy Zone 1: 4000–3990 (Support retest) 👉 Buy Zone 2: 3960–3950 (Key support zone) 🎯 Targets: 4025 → 4050 → 4070 📍 Rationale: ● The 1-hour trend has turned bullish. ● MA5 and MA10 remain in a bullish alignment. ● If price can hold firmly above 4000, buyers may continue pushing the market higher. ⚠️ Trend Outlook 👉 If gold successfully breaks above 4050 and holds above it, the short-term rally could extend toward 4070 → 4090. 👉 If price repeatedly fails to break 4050 and falls back below 4000, the current rebound may come to an end, with the broader bearish trend likely to resume. In that case, watch the 3960 → 3950 support zone closely.