XAUUSD – Waiting for breakout confirmation at 3956

15 hours ago

XAUUSD – ACCUMULATION & WAIT FOR NEW TREND CONFIRMATION WHEN BREAKING 3956

Hello trader 👋
Gold is fluctuating in a short-term accumulation phase, following a strong rally last week. The technical structure on the H1 frame shows the price is retesting the central support area around 3956, which will determine the next direction.

In the current context, price action is mainly restrained within the rising channel, but buying momentum has slowed. The market is waiting for new trend confirmation – either breaking up to the 4000 area or adjusting to lower support.

🔎 Technical Perspective
Fibonacci 0.618 – 1.618 indicates significant resistance at the 3997–4000 area, coinciding with a strong liquidity zone.

The medium-term uptrend line remains intact, however, the RSI momentum shows slight divergence – warning of a potential adjustment.

Key price areas to watch: 3956 – 3946 – 3927 – 3917.

⚖️ Detailed Trading Scenarios
🔴 Main SELL Scenario:
Entry: 3997 – 4000
Stop Loss: 4005
Take Profit: 3976 → 3945 → 3928 → 3910
👉 Sell at the Fibonacci extension area + psychological resistance 4000 (high liquidity zone).

🔴 SELL upon confirmation of breaking 3956:
Entry: 3959 – 3961
SL: 3965
TP: 3945 → 3928 → 3910
👉 Short-term breakout order when the price closes below 3956, confirming a daily downtrend.

🟢 BUY when price retraces to support:
Entry: 3942 – 3944
SL: 3938
TP: 3955 → 3970 → 3990
👉 Suitable for Buy strategy following the short rising channel, prioritised when there is a strong candlestick reaction.

🟢 BUY at deep support area (POC & Trendline):
Entry: 3900 – 3898
SL: 3892
TP: 3910 → 3928 → 3940 → 3955 → 3970

💡 Macro Perspective
Many major financial institutions have raised their December 2026 gold price forecast from $4,300 to $4,900/oz, citing that central banks in emerging markets continue to diversify foreign exchange reserves into gold.
This reinforces the belief that the long-term uptrend remains robust.

📌 Summary:
Gold is in an accumulation phase waiting for a new direction around the 3956 area.
Strict capital management – the market may experience strong volatility when political news and US data return.

share your thoughts in the comments section, follow me for the earliest scenarios

12 hours ago

Trade active

Good news for those who have been following my trading script today, the excellent Buy signal matched the entry at 3942-3944, bringing in a profit of 200 pips, which is no small number, right? Today's trading script continues, so make sure to set notifications to follow!

6 hours ago

Trade closed: target reached

Outstanding with the Buy signal +450pips profit, this is a joyous result for everyone who followed my plan today. Gold has reached a new ATH level, breaking through all analyses where many investors expected a decline. We were right, let's continue to follow me closely.