Gold Trading Strategy XAUUSD 11/9/2025: Gold is stable, traders prepare ahead of important US CPI data, conditions and technical positions to watch.
Fundamental news: Spot gold prices were generally stable in today's Asian trading session, currently around $3630/ounce. Gold prices are in a wait-and-see mode, closely watching the all-time high before the release of US CPI data for August. Weak US PPI inflation data, fueling speculation that the Federal Reserve will continue its easing cycle at its upcoming meeting in September.
Technical analysis: After making the latest ATH at 3675, gold prices are correcting and forming a short-term downtrend channel in the H1 frame, however, the 3620 - 3625 area is still a good support zone for gold prices. Currently, there will be 2 scenarios with the highest probability of occurrence: Case 1: Gold price will form an upward price pattern around the 3620 - 3625 area and increase sharply, we will wait for the reaction when the price meets resistance at 3660 - 3665. Case 2: Gold price continues to follow the downtrend channel to the lower support area of 3595 - 3600 and then increase again. We will trade based on these 2 scenarios and still prioritize trading according to the main trend.
Important price zones today: 3620 - 3625, 3595 - 3600 and 3660 - 3665.
Today's trading trend: BUY.
Recommended orders:
Plan 1: BUY XAUUSD zone 3620 - 3622
SL 3617
TP 3625 - 3635 - 3645 - 3665 - OPEN.
Plan 2: BUY XAUUSD zone 3598 - 3600
SL 3595
TP 3603 - 3610 - 3630 - 3660 - OPEN.
Plan 3: SELL XAUUSD zone 3663 - 3665
SL 3668
TP 3660 - 3650 - 3640 - 3630 (small volume).
Wish you a safe, effective and profitable trading day.🌟🌟🌟🌟🌟
Fundamental news: Spot gold prices were generally stable in today's Asian trading session, currently around $3630/ounce. Gold prices are in a wait-and-see mode, closely watching the all-time high before the release of US CPI data for August. Weak US PPI inflation data, fueling speculation that the Federal Reserve will continue its easing cycle at its upcoming meeting in September.
Technical analysis: After making the latest ATH at 3675, gold prices are correcting and forming a short-term downtrend channel in the H1 frame, however, the 3620 - 3625 area is still a good support zone for gold prices. Currently, there will be 2 scenarios with the highest probability of occurrence: Case 1: Gold price will form an upward price pattern around the 3620 - 3625 area and increase sharply, we will wait for the reaction when the price meets resistance at 3660 - 3665. Case 2: Gold price continues to follow the downtrend channel to the lower support area of 3595 - 3600 and then increase again. We will trade based on these 2 scenarios and still prioritize trading according to the main trend.
Important price zones today: 3620 - 3625, 3595 - 3600 and 3660 - 3665.
Today's trading trend: BUY.
Recommended orders:
Plan 1: BUY XAUUSD zone 3620 - 3622
SL 3617
TP 3625 - 3635 - 3645 - 3665 - OPEN.
Plan 2: BUY XAUUSD zone 3598 - 3600
SL 3595
TP 3603 - 3610 - 3630 - 3660 - OPEN.
Plan 3: SELL XAUUSD zone 3663 - 3665
SL 3668
TP 3660 - 3650 - 3640 - 3630 (small volume).
Wish you a safe, effective and profitable trading day.🌟🌟🌟🌟🌟
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.