Gold May Continue Its Short-Term Uptrend📊 Market Overview
• Global gold price is currently around 4,210.89 USD/oz.
• Bullish pressure continues to be supported by expectations that the Federal Reserve (Fed) will cut interest rates in the upcoming meeting — a weaker USD makes gold more attractive to global investors.
• However, the uptrend is showing a slight pullback after gold reached a “short-term high” earlier this week, mainly due to some profit-taking activity.
📉 Technical Analysis
• Key resistance levels: ~ 4,235 USD and ~ 4,260 USD/oz (near last week’s highs).
• Nearest support levels: ~ 4,190 USD and ~ 4,150 USD/oz — potential rebound zones if the price declines.
• EMA 09: Price remains above the EMA 09, indicating that the short-term trend is still bullish.
• Candlestick / volume / momentum: Market is showing signs of a “minor pullback / consolidation.” Volume is weakening compared to previous bullish sessions, reflecting investor caution after a strong rally — suggesting possible sideways movement or light correction before the next move.
📌 Outlook
Gold may continue rising in the short term if the USD keeps weakening, U.S. economic data softens, or the Fed signals a dovish stance. Conversely, if the USD strengthens sharply or inflation data rises, gold may move sideways or undergo a mild correction.
💡 Trading Strategy
• BUY XAU/USD at: 4,150 – 4,153 USD
🎯 TP: 40 / 80 / 200 pips
❌ SL: 4,146.5
• SELL XAU/USD at: 4,240 – 4,243 USD
🎯 TP: 40 / 80 / 200 pips
❌ SL: 4,246.5
Goldtrade
How to grasp the convergence of the golden triangle pattern?Gold Price Trend Analysis: After rising on Monday, gold closed with a doji on Tuesday and continued its upward trend today, reaching a high of around 4173. Overall, the market remains relatively strong. On the larger timeframe, the weekly chart shows solid support at the MA10 level, while the daily chart shows a tendency to form a triangle pattern. The upper edge of this triangle, around 4170-4180, will likely provide short-term resistance. Furthermore, considering the Thanksgiving holiday in the US market later this week, market activity is expected to be low. Therefore, range-bound trading is currently a suitable strategy for gold, but it may not be ideal for trading. This special timeframe could easily trigger a high degree of market manipulation, leading to abnormal price fluctuations.
Gold Technical Analysis: Looking at the 4-hour chart, the triangle consolidation pattern for gold remains unchanged. The downward trendline resistance is around 4170-4180. Only a decisive break above this trendline resistance will allow for further upward movement and a new round of opportunities. Otherwise, it will remain in a consolidation phase. On the 1-hour chart, gold is expected to continue its high-level consolidation today. The key support level to watch is the 5- and 10-day moving averages around 4110-4100. On the upside, the first resistance level to watch is 4170-4180. The possibility of testing 4200 depends on both technical and fundamental factors. Specifically, if gold holds above the moving averages throughout the second half of the week and provides further bullish fundamental catalysts, it might attempt to reach 4200 in the second half of the week. However, the uncertainty brought by the holiday season should be carefully considered in the second half of the week. In summary, today's gold trading strategy is to primarily sell on rallies and secondarily buy on dips. The key resistance level to watch in the short term is around 4170-4180, while the key support level is around 4110-4100. Traders must follow the trend, manage their positions and stop-loss orders carefully, strictly set stop-loss orders, and avoid holding losing positions.
XAUUSD – H2: Discount zone has formed, just waiting for the ...XAUUSD – H2: Discount zone has formed, just waiting for the price to pull back to continue buying up
On the H2 frame, gold just had a strong break up to the 4.180+ zone after a period of narrow range compression. At the end of the week, coinciding with Thanksgiving, I only prioritize waiting for an adjustment to the discount zone to buy up, absolutely not chasing the price at the peak.
🎯 MAIN SCENARIO – BUY THE DIP AT FIBO & POC ZONE 4.163–4.160
Buy entry: 4.163 – 4.160
SL: 4.155
TP: 4.178 – 4.195 – 4.220
⭐️ ALTERNATIVE SCENARIO – BUY DEEP AT VAL ZONE + STRONG SUPPORT 4.139–4.136
Buy entry: 4.139 – 4.136
SL: 4.130
TP: 4.150 – 4.172 – 4.190 – 4.220
The total risk for each scenario I always keep within the range of 1–2% of the account.
Basic context
End of the week + Thanksgiving ⇒ thin liquidity, easy to shake at the end of the session.
Messages from Trump & credit data show the economic picture and the December interest rate path are not really clear.
This keeps gold still having a defensive role, but not enough basis to expect a straight upward move – so I prioritize trading according to technicals and specific price zones.
Technical analysis H2
Market sentiment & trading plan
After the break, the buyers are holding momentum, but the price moving sideways at the high zone shows the market is partially taking profits, waiting for liquidity.
Thin liquidity easily creates sweeps to the support zone before turning around, that's the move I want to take advantage of.
Plan:
Prioritize Buy at 4.163–4.160, only consider the 4.139–4.136 scenario if the price is deeply sold off.
All orders have a hard SL (4.155 and 4.130), do not widen the stop.
Take partial profits, move SL in a favorable direction as the price approaches TP levels.
If you find the analysis useful, follow TradingView and leave a comment about the price zone waiting for entry – I always read feedback to optimize future posts.
Is this a short-selling opportunity?Gold continued its upward trend from the previous two days after opening yesterday, reaching a high of around 4173 before pulling back. This level is also the downtrend line we've highlighted in the past two days. Although there was some resistance and a pullback, it ultimately stopped at around 4136. In other words, the resistance at this level is only effective in the short term and needs further verification. The rebound from the bottom in the US session indirectly dealt a blow to the bears, but the follow-through was clearly insufficient. Therefore, whether the resistance at this level will be effective today needs further verification. If the price continues to face pressure at this level today, the downward momentum may persist. The rebound in the evening was followed by a slight pullback to around 4140 after the opening bell, followed by continued minor fluctuations. Yesterday's high in the US session will be the key level for today's bulls and bears. The pullback pattern is likely a tentative move, and the strength of the European session will directly influence the US session's trend. Considering the previously formed downward channel, the upper resistance may shift down to around 4165-4175. We can still short below this level. Although yesterday's pullback was under pressure, the subsequent breakout was somewhat disappointing. Therefore, we still need to tentatively establish short positions today. If the price first rallies to around 4160-4175, we can short, targeting 4140-4110. If the European session breaks above this level, we can adjust our positions and exit during the US session.
Gold Short-Term Trading GuideThe price action today has been generally above 4130. After breaking through to a high of 4173 in the European session, it entered a short-term consolidation phase, without a rapid pullback compared to previous periods. The US session is expected to see a pullback for consolidation. The strategy remains to buy on dips above 4110. Avoid chasing the price higher! Look for opportunities to buy on pullbacks.
Short-term Strategy
Buy gold above 4110, stop loss at 4100, target 4180-4200
Gold US Session Short-Term Hourly Chart Analysis Guide (NovemberGold hourly chart: Overnight, it rose steadily, and in the Asian session today, it initially continued its upward trend, reaching a high of 4156. However, due to the recent period of consolidation, the continuity of gains has been relatively weak. The initial rise suggests a potential pullback in the afternoon or European session, with a likely scenario of a correction based on the 4150-4160 resistance zone. This prediction ultimately materialized, with the price falling to a low of 4109, close to the 38.3% Fibonacci retracement level of yesterday's gains at 4111. The European session saw a further decline, breaking below the Asian session low. Any subsequent rebound should not be viewed as a bullish trap. Furthermore, based on today's high and low points, 4138 represents the 61.8% Fibonacci retracement level, currently acting as resistance. The best option for the US session is to wait. The next move will likely be a second downward pressure, either stabilizing at 4109 to form a double bottom, or breaking through it to confirm the 4104 annual moving average, or stabilizing at 4097 (50% retracement support) for a bullish move. These two levels also correspond to the short-term 5-day and 10-day support levels on the daily chart. Resistance is at 4138-4140. A break above this level would mean holding above the 10-day moving average, making further declines less likely and potentially pushing higher to test the 4150-4160 high. The key level is 4097. Trading above this level suggests a slightly bullish bias, while trading below it would indicate a weaker bias and a higher likelihood of wide-ranging price swings.
GOLD 4H CHART ROUTE MAP UPDATE & TRADING PLAN FOR THE WEEKHey Everyone,
Please see our updated 4h chart levels and targets for the coming week.
We are seeing price play between two weighted levels with a gap above at 4124 and a gap below at 4042. We will need to see ema5 cross and lock on either weighted level to determine the next range.
We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 20 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
The swing range give bigger bounces then our weighted levels that's the difference between weighted levels and swing ranges.
BULLISH TARGET
4124
EMA5 CROSS AND LOCK ABOVE 4124 WILL OPEN THE FOLLOWING BULLISH TARGETS
4212
EMA5 CROSS AND LOCK ABOVE 4212 WILL OPEN THE FOLLOWING BULLISH TARGET
4328
EMA5 CROSS AND LOCK ABOVE 4328 WILL OPEN THE FOLLOWING BULLISH TARGET
4422
EMA5 CROSS AND LOCK ABOVE 4422 WILL OPEN THE FOLLOWING BULLISH TARGET
4422
EMA5 CROSS AND LOCK ABOVE 4422 WILL OPEN THE FOLLOWING BULLISH TARGET
4494
BEARISH TARGETS
4042
EMA5 CROSS AND LOCK BELOW 4042WILL OPEN THE FOLLOWING BEARISH TARGET
3964
EMA5 CROSS AND LOCK BELOW 3964 WILL OPEN THE FOLLOWING BEARISH TARGET
3873
EMA5 CROSS AND LOCK BELOW 3873 WILL OPEN THE SWING RANGE
3767
3646
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
Gold Short-Term Technical Analysis (November 21st)With the release of the hawkish minutes from the Federal Reserve, the US dollar index climbed back above 100, suppressing gold prices. Yesterday, gold rebounded after testing a low near 4055 in the US session, then rallied slightly to around 4110 in the early morning before weakening again. In the Asian session, it broke lower, briefly touching around 4040. During the European session, it fell again, touching 4038 before stabilizing and rebounding. It has repeatedly tested the support around 4040 without breaking it, and is currently fluctuating.
11/22 Gold Short-Term Trading Strategy
Sell gold near 4085, with a stop-loss at 4095, targeting below 4070/60. Buy gold near 4044/5f, with a stop-loss at 4034, targeting 4070/80.
Gold prices fluctuated on November 20th, awaiting the non-farm pThe 1-hour moving average for gold has started to turn upwards, and the overall trend remains one of upward fluctuation. However, the fluctuation is currently biased towards the upper end. Gold has tested the support area of 4050 multiple times in the past two days, and has basically managed to stabilize and continue rising. This indicates that the bulls still have significant support in the 4050-4000 area. If the support area of 4040 is not broken today, then gold can continue to be bought on dips. The road to the north is long, and patience is still required.
Gold pullback on November 19th: Buy on dips!The 1-hour moving average for gold has turned upwards, indicating continued upward momentum. After breaking through and stabilizing above 4100, gold is currently exhibiting a steady upward trend on the 1-hour chart. The 4090 area has formed short-term support, and buying on dips to this level presents a buying opportunity.
Gold: Buy at 4090, stop-loss at 4078, target 4150-4160;
Market Analysis: Gold Price SlidesMarket Analysis: Gold Price Slides
Gold price extended losses below $4,100 before the bulls appeared.
Important Takeaways for Gold Price Analysis Today
- Gold price failed to clear $4,250 and corrected lower against the US Dollar.
- There was a break above a key bearish trend line with resistance at $4,050 on the hourly chart of gold.
Gold Price Technical Analysis
On the hourly chart of Gold, the price was able to climb above $4,200. The price even broke $4,220 before the bears appeared. The price traded toward $4,245 before there was a fresh decline.
There was a move below $4,200 and $4,100. The price settled below the 50-hour simple moving average, and RSI dipped below 40. Finally, it tested the $4,000 handle. A low was formed at $3,997 and the price is now attempting to recover.
There was a break above a key bearish trend line with resistance at $4,050. The price climbed above the 23.6% Fib retracement level of the downward move from the $4,244 swing high to the $3,997 low.
Immediate resistance on the upside is $4,100. The first major hurdle sits at $4,150 and the 61.8% Fib retracement. A close above $4,150 could initiate a recovery wave to $4,185. An upside break above $4,185 could send Gold price toward $4,250. Any more gains may perhaps set the pace for an increase toward $4,320.
If there is no recovery wave, the price could continue to move down. Initial support on the downside is near the $4,050 level. The first key area of interest might be $4,000. If there is a downside break below $4,000, the price might decline further. In the stated case, the price might drop to $3,880.
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Gold Short-Term Trading Guide (November 18th)!!!The US released some unemployment claims data, and gold briefly broke through 4000 before experiencing a strong rebound. Is this rebound merely a flash in the pan due to the data, or will it help reverse the gold bullish trend?
First, we should note that gold is still generally weak. The 1-hour moving averages are still in a bearish crossover, indicating continued downward momentum. Gold is also still trading within a 1-hour downtrend channel. If gold continues to trade within this channel, the overall trend will likely remain one of oscillating decline. The upper resistance level of the 1-hour downtrend channel has now moved down to around 4068. If gold rallies below 4068, the strategy remains to sell on rallies.
Gold prices naturally fluctuate, just like the tides. Volatility creates opportunities. If gold cannot break through the 4068 level, the rebound may be short-lived. Until a break above 4068 is achieved, continue to sell on rallies.
US Session Trading Strategy:
Sell gold at 4060, stop loss at 4070, target 4000-3980;
Gold pullback on November 18th, expect a rebound.Gold prices are trading around 4015. For short positions, watch the 4050 level; a move to short at this level would be a good entry point. This level represents the low point of the initial upward move at the beginning of the week and has now become effective resistance. Hold this area for shorting. The 8-hour uptrend line provides support around 3993. If the price breaks below this uptrend line, the downtrend could accelerate, potentially reaching as low as 3924. Focus on shorting today; hold short positions below 4053 and prepare to maximize profits! Weak outlook! Specific and more winning entry points will be provided during the trading session! Take profits on the short positions!
#Intraday Strategy: Hold short positions below 4050 and maximize profits! Weak outlook!
Focus on the 3995-4005 range, a key support/resistance level!
Gold is expected to rise and then fall in the short term.After opening today, gold was pressured down by the 4110 area, finding support at around 4050 and rebounding. The 1-hour and 4-hour charts show severe oversold conditions, indicating a clear short-term stabilization. Therefore, overall, while maintaining a bearish outlook for gold, a short-term rebound is likely, with a high probability of further declines.
Key resistance remains at the 4110 area, followed by the 4140-50 area. A sustained bearish stance is warranted; an unexpected upward breakout could extend the rebound, but a decline is still expected. Key support during the European session is at the 4050 area, with the 4030-40 area being a short-term key level. A break below this level would likely lead to further declines towards the 3980-3950 and 3915 areas.
Gold US Session Short-Term Technical Analysis Guide (November 13Gold is currently trending slightly higher on the 4-hour chart, maintaining a slightly bullish bias along the short-term moving averages. The price is currently trading near the previous resistance zone, but there hasn't been much room for a pullback. We should be wary of a potential continuation of the upward trend during the European and American sessions. On the hourly chart, after a second upward move from the highs, it's currently consolidating in a narrow range with insufficient momentum. We should watch for a pullback before a continuation of the upward trend. There's some divergence on the smaller timeframes; we should monitor the short-term correction and recovery.
Gold prices fluctuated at high levels on November 12th; a short-Gold has recently surged, but some uncertainty has led to fluctuations at higher levels. After reaching a high of around 4145 today, it experienced a significant pullback, briefly touching a low of around 4098 before a rapid rebound. This forms a double bottom support level with yesterday's pullback to around 4097 in the US session. The key level to watch in the near term is 4100. A decisive break below this level would indicate further upside potential; otherwise, the bulls may experience further fluctuations. For tonight, consider buying around 4100/4105, and follow the trend after a breakout.
11/12 Gold Short-Term Trading Strategy:
Sell gold around 4138, with a stop-loss at 4146, targeting below 4120/10. If it breaks below 4100, continue selling with a target around 4070. Buy gold on a pullback around 4102/4, with a stop-loss at 4096, targeting above 4120/30.
Gold pullback on November 12th: Buy on dips!The hourly moving averages for gold continue their bullish crossover and upward divergence, indicating continued upward momentum. The 4-hour chart shows gold continuing its consolidation phase, likely preparing for a breakout above the resistance level of 4160. Gold may have dipped slightly below 4100 to around 4098 before rebounding. Buying on dips above 4098 is recommended.
Gold is currently facing resistance in the 4140-4160 range.Gold # At the start of the week, gold experienced a long-awaited one-sided strong rally, surging nearly $110 intraday, a much stronger move than usual—even rare in the volatile months of September and October. The four-hour chart showed almost no pullback, maintaining an extremely strong upward trend throughout, perfectly matching our weekly prediction of a "full bullish candle," both unexpected and logical.
The daily chart closed with a long bullish candle with no upper or lower shadow, appearing within the current sideways consolidation pattern, typically indicating that the price is about to enter a 0.5 Fibonacci retracement level. Today, the key focus is on the 4140-60 resistance area, which coincides with the 50% Fibonacci retracement level of the previous high of 4385 to 3885, holding significant technical importance.
From a longer-term perspective, the gold price has retreated nearly $500 from the high of 4385 to 3885, confirming that the market has entered a high-level, wide-range consolidation phase. The current price rebound to around 4140 (a 50% retracement of the 4385-3885 range) can be considered a resistance level at the high point of the low-level consolidation range. The main trading range below this area is expected to be between 4160 and 3990.
Intraday Strategy:
Resistance Zone: Below 4140-60, a correction is expected; avoid chasing the price higher before a breakout.
Support Zone: 4100-4080 is the recent strong/weak dividing line; above this level, the structure remains strong.
Risk Control Point: If the price breaks below 4080-70, watch for a test of the 4040-30 support level.
Trading Strategy: Consider shorting at the resistance zone; if the price stabilizes at the support zone, focus on buying on dips.
4 reasons traders are piling back into gold right now Here’s all the reasons gold is up more than 2% today:
U.S. consumer sentiment fell to its second-lowest level ON RECORD.
The government shutdown, the longest in U.S. history, is likely coming to an end this week, easing pressure on the U.S. dollar.
The US economy likely lost jobs in October, and layoffs reached a 20-year high.
Traders now see about a 70% chance of a rate cut next month.
Gold, therefore, is up ~2.8% on Monday to ~$4,115. The XAUUSD RSI indicator has moved above its midline, showing mild buying pressure, while the 50-day moving average near $3,891 may be acting as key support.
So, is 2.8% just the start of a bigger rally?
Gold bulls are making a strong comeback; buy on dips and follow From the 4-hour chart, the current resistance level to watch is 4115-23, with a key resistance level at 4145. Short-term support is at 4060-68, with a key support level at the previous low of 4030-4035.
Gold Trading Strategy:
1. Buy gold on a pullback to 4063-68, add to the position on a pullback to 4047-55, stop loss at 4039, target 4100-4106, break above to 4120-28.
Gold has broken out strongly; watch for resistance at 4086-4096.Gold opened easily above 4035, showing strong bullish momentum. Short-term focus is on the 4086-96 range, which acts as short-term resistance at the 4-hour trendline. A strong break above this level could lead to a further attack towards 4130. However, today's gains are not expected to be that significant. If the US session provides an opportunity around 4090-95, a short position can be considered, with a stop-loss at 4103, targeting support at 4055 and 4021. These levels also represent potential entry points for buying in batches during the US session.
Short near 4092, stop-loss at 4103, take-profit at 4055
Long near 4055, stop-loss at 4037, take-profit at 4075
Gold continues to fluctuate; patiently await the onset of a downGold prices traded in a narrow range this week, fluctuating between 3925 and 4030. The overall volatility was not significant, indicating some market caution. However, since the second decline from 4381, gold prices have shown a pullback trend, oscillating around 4000. This pullback is a corrective move within a downtrend, suggesting further downside potential. The strategy of shorting on rallies remains unchanged. Continue to monitor the 4030-50 resistance level. If this level is not broken, the short-term bias will be bearish. Key support levels to watch are the 3950-60 and 3930-20 ranges. A break below these levels would lead to a break below the recent low of 3880. Conversely, a break above 4050 would require abandoning short positions and reassessing the market.
Gold prices are consolidating on November 7th, awaiting the non-Gold has completed its technical adjustment after a period of consolidation on the hourly chart. Short-term moving averages are starting to turn upwards, and the price is gradually rising above them, suggesting potential for further rebound in the short term. The key resistance level to watch is around 4020-30. On the 4-hour chart, short-term moving averages are largely flat and converging, indicating a potential breakout. The non-farm payroll data is unlikely to be released tonight. On the hourly chart, the price is gradually trending upwards along the short-term moving averages; monitor the short-term correction.
Trading Recommendation: Focus on the 4020-30 resistance zone and begin gradually establishing short positions.






















