Gold prices dipped and rebounded; watch for 3980.Gold prices traded within a range today, with bullish and bearish forces relatively evenly balanced.
In Asian trading, gold opened lower and quickly dipped, hitting a daily low of $3962 before rebounding. As of pre-market trading, gold is currently trading around $4000. Looking at the hourly chart, the Bollinger Bands are narrowing, and gold is trading below the middle band, exhibiting typical range-bound trading characteristics.
During the US session, watch for resistance at $4030. A break above this level could present a buying opportunity on a pullback, with a target of the $4050 area. If prices fall again, watch for support around $3980. In short, the market remains range-bound; avoid chasing highs or lows.
Goldtrader
Gold Intraday Short-Term Analysis and Trading Strategies (NovembGold is currently oscillating between the 61.8% and 78.6% Fibonacci retracement levels (3945-4136), but trading volume remains weak. A further rise followed by a fall back to the 50% Fibonacci retracement level of 3811 cannot be ruled out. Stronger support lies nearby, at the 89-day moving average of 3753. This means the short-term correction is not yet over. Today, the key resistance level to watch is 4060-70, with a smaller resistance level at 4020.
Intraday Short-Term Trading Strategy:
Primarily sell on rallies, with buying on dips as a secondary strategy. Support levels to watch are 3979, 3936, and 3882.
GOLD (XAUUSD): Support & Resistance Analysis for Next Week
Here is my structure analysis for Gold for next week.
Support 1: 3868 - 3927 area
Support 2: 3766 - 3830 area
Support 3: 3690 - 3736 area
Resistance 1: 4023 - 4109 area
Resistance 2: 4187 - 4245 area
Resistance 3: 4357 - 4383 area
Consider these structures for pullback/breakout trading.
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October 31st Gold Intraday Short-Term Trading Guide!!!Gold prices retreated from around 4044-46 during the day, hitting a low of 3988 in the morning. Currently, it's oscillating within the 4000-4126 range. Today is the weekly and monthly close, potentially triggering a significant price movement. From a trend perspective, short-term gains remain limited. A further dip to 4000 is possible amidst the consolidation. A break below 3986/3960 could lead to a move towards 3920-3900. The recommended strategy is to sell on rallies, but be aware of the risks.
US Session Trading Strategy:
Sell near 40120-25, stop loss at 4035, target 4000-3990, continue to look for further downside if the price breaks through.
October 31st, Golden Week Holiday, Monthly Closing DateFrom the 4-hour chart, the current short-term resistance level to watch is 4030-35, with a key resistance level at 4047-55. Short-term support is at 3965-70. For overnight trading, focus on range trading; avoid chasing the market and wait patiently for key entry points. Specific trading strategies will be provided during trading hours, so please pay close attention.
Gold Trading Strategy:
1. Sell gold at 4030-35, add to the short position at 4047-55, stop loss at 4069, target 3970-3965.
‘10.29 Buy first below 3900 and then sell!Technical Analysis:
The first resistance area above is 3960-70. Maintain a short position below this level. If the market unexpectedly breaks higher, focus on the 3995-4005 area, which remains bearish. If the market weakens, the 3945-50 area, previously the starting point for the rally, has become a source of pressure after breaking below it today.
Key support areas below are the 20-day moving average (SMA) at 3865-70 and the 50% level at 3840-45.
Trading strategy: Maintain a short position on rebounds.
Participate in the 3960-70 area, targeting a new low. After a new low, consider entering long positions based on the 20-day moving average and the 50% level.
Gold finds support in the short term, target is 3950Gold has found support at 3886. A short-term rebound is expected around 3950-55. At this level, you can switch to short positions, with a focus on 3965. If it breaks through 3973 and breaks above the support level in the Asian session, abandon your short position and switch to a full long position. In the short term, we're looking for a rebound around 3950-55. Here, you can short, but be mindful of the risk.
October 28th Gold US Trading Strategy:
1. Buy around 3900-3910, stop loss at 3886, take profit at 3940-50.
2. Short around 3950, stop loss at 3965, take profit at 3910.
10.28 Gold continues to fall to 3970For the day, we will focus on the support at 3970. If it falls below, the price will continue to fall to 3950-3900-3850. In the short term, we will focus on the 4020 line and the resistance near 4060. After breaking through 4020, the price will continue to rebound and test the 4050-4060 line. However, the main strategy for the day is still to go short.
Strategy:
Go short near 4006-4010, defend 4021, and target 3970-3940-3900-3850
The second short position above is near 4054-4060, and the target position remains unchanged.
As for the long position below, it is at 3895 and 3870.
Gold shorts are coming, rebound under pressure and short sellGold hit resistance twice today and broke new lows again. Currently, the market is fluctuating at a low level, with resistance levels decreasing and the lows falling. The overall trend remains weak. Previous support at 4047-55 has become resistance. Focus on the downside: last week's lows of 4000-4004. The 4000 level will be the first barrier for bears to break through. Key resistance from above remains around the 4047-55 level we identified earlier.
Technical Analysis:
From the 4-hour market trend, short-term resistance at 4047-55 is currently under pressure. Gold is struggling to break through this resistance. Trading strategies should prioritize shorting on rebounds. In the intermediate range, be cautious and watchful, and wait patiently for key entry points.
Gold continues to maintain the oscillation range of 03-60Gold's potential correction from its highs lies between 4003 and 4161, with room for a significant correction of 160 pips. Gold plummeted during today's Asian and European trading sessions, leaving a clear resistance level. We should focus on the minor resistance level of 4097. If it fails to hold above, bears will continue their decline and seek deeper support. Shorts should avoid candlestick charts near 4003. A break below the bottom of the oscillation this week could lead to a deeper correction for bears.
Resistance levels are 4097 and 4035, while support levels are 4065 and 4045. The dividing line between strength and weakness is 4097.
Gold daily K-line stopped falling, and the slow bull correction On Friday, the market corrected for 2 hours, finding support near 4045 on the lower 2-hour band, before retracing upwards. Next week, tomorrow, the 3-hour correction will gradually begin. Currently, the 3-hour BOLL is moving sideways, further oscillating within the range. Once the 3-hour correction concludes, the 4-, 6-, 8-, and 12-hour bands will begin to correct. Ultimately, the next bullish and bearish trend will unfold during this 4- to 12-hour correction.
On Monday, we'll initially focus on the 3-hour BOLL band range. Currently, the range is between 4155 and 4050. Within this range, the market will continue to fluctuate, with buy low and sell high being the primary strategy. Therefore, a buy low, sell high strategy within the 4155-=4050 range should be sufficient.
Technical Analysis:
1: The 3-hour correction is evident, with the BOLL range moving sideways, within the 4050-4155 range. Buy low, sell high is a viable strategy within this range.
2: The 4-hour Stochastic and MACD lines are both blunting, indicating a temporary sideways trend. The central axis of pressure is near 4145 .
3: In the daily K-line chart, the Stochastic is blunting and moving downward, signaling a bearish bias. The MACD is initially forming a death cross and moving downward, signaling a bearish bias. However, the central axis of the daily K-line is holding support, currently moving up to around 4085, followed by support around 4000.
Overall, the technical outlook suggests a range-bound trend within the 3-hour chart, followed by a gradual upward trend within the 4-hour chart, followed by a volatile upward trend within the daily K-line. This is the corresponding signal of the current market; but the specific approach is mainly to wait and see and respond as needed!
GOLD (XAUUSD): Support & Resistance Analysis For Next Week
Here is my latest support & resistance analysis for Gold.
Horizontal Structures
Resistance 1: 4186 - 4244 area
Resistance 2: 4358 - 4381 area
Support 1: 4040 - 4060 area
Support 2: 3942 - 3959 area
Support 3: 3870 - 3897 area
Support 4: 3766 - 3831 area
Support 5: 3691 - 3735 area
Vertical Structures
Vertical Support 1: Rising trend line
Consider these structures for pullback/breakout trading next week.
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10.24 US market technical analysis!!!Gold hourly level: It stabilized and rebounded at 4105 overnight, and fell again in Asian session today, only rebounded from a double bottom at 4105 to 4144, and the price re-stood on the 66-day key moving average, because the Japanese and US sessions suppressed this moving average and fluctuated downward all the way; then after the positive line closed and broke through it, it was thought that if it held 4105, it could continue an upward trend. As a result, it consolidated for several hours and broke below 4100 in the afternoon, triggering a wave of decline, and hit the trend line of 4044 at the lowest, and got a certain rebound effect. After breaking through 4100, we will see the bullish trend, and the key support lies at 4150-4160.
Beware of Black Friday as gold prices fall againOn Friday, the Asian session reaffirmed the upper resistance level of the channel at 4142-4144, further declining to 4081.
Can this trend continue, with the market holding highs and breaking lower, and breaking through the lower double-line on the hourly chart, the next support area to watch is the lower channel at 3990-3980.
The 3980 area is what we call the target point, representing a gap of exactly $400 compared to the historical high of 4380.
The hourly chart is sweeping the double-line range, with a breakout further opening up the market.
The upper channel is slightly further away at 4180, while the lower channel is getting closer. In the 4035 range
Support and resistance levels are shifting. If the market breaks below the lower double-line at 4035, the next target is the 4014-4004 low. The next target is the lower channel line, and breaking through it will continue the trend.
Holding highs is key, and breaking lows is crucial. Although the market fluctuates greatly, each initial move follows its own pattern.
Starting an uptrend, holding lows and breaking highs, holding lows throughout the process, and continuing the bullish climb.
Starting a downtrend, holding highs and breaking lows, holding highs throughout the process, and continuing the bearish decline.
To summarize, two points:
1. Maintain a cycle Regarding the rhythm of the decline, the area around 4100 should be considered as the dividing line. Looking down, we should look to the 4080 area. A break below this level could lead to further trading volume (don't expect a large rebound to confirm resistance).
2. A wide-ranging sweep, with the high of 4144 as a defensive measure, requires considering the 4133-4135 area, and then looking for leverage to complete a break below the lower low (this rebound will be more powerful, requiring additional attention to the highs).
Thus, regarding the future gold price, we should refer to the above-mentioned approach. First, the 4144 high should be used as a defensive measure. Here, we should consider the 4133-4135 area, and then look for leverage to complete a break below the lower low (this rebound will be more powerful, requiring additional attention to the highs). Pressure around 00: A slow decline is needed to break the lows. Time is used to buy space to find the lower band of the channel.
First, pressure at 4135 represents a correction. A break above 4080 will be leveraged to move lower, followed by a large-scale decline.
Focus on gains and losses at 4080. If it breaks below, the next target is the lower double line at 4035. Breaking through this level will lead to lower points at 4014-4004. Finally, focus on the lower band of the channel at 3990-3980.
Note: A break above this high will indicate a change in the nature of the market.
Clearly define your defenses, establish your strategy, implement risk control measures, and strictly enforce them.
10.24 Gold US Trading Strategy, Bulls Bottom Out and Rebound as Looking at the 4-hour market trend, the current short-term resistance level at 4142-50 is being monitored on the upside, while the short-term support level at 4065-4070 is being monitored on the downside. Gold is under pressure and difficult to break through. For trading, the primary strategy is to go long on pullbacks. In the middle, be cautious and follow orders carefully, patiently waiting for key entry points. I will provide detailed trading strategies during the trading session, so please stay tuned.
Gold Trading Strategy:
1. If gold rebounds and doesn't break through the 4145-52 level, go short. Set a stop-loss at 4160, and target the 4015-4000 level. Hold if it breaks through!
2. If gold retraces to the 4085-93 level, go long. Set a stop-loss at 4073, and target the 4130-35 level. Hold if it breaks through!
10.23 Gold Intraday Short-Term Technical Guide!!!From a big-picture perspective, gold should continue its upward trend as real interest rates are expected to continue to decline as the Fed's policy turns dovish. However, in the short term, a re-adjustment of interest rate expectations could trigger a further correction.
Technical Analysis:
On the 4-hour chart, gold prices have broken below the neckline of the double top pattern, strengthening bearish momentum. The neckline will now become a new resistance level, where bears may position themselves, with stops set above resistance, aiming for a further break below the trendline. Bulls, on the other hand, would like to see gold prices re-break through the neckline, thereby negating the bearish pattern and pushing prices back to higher levels.
10, 23 gold is still expected to fall!!!This week, gold hit $4380 for the second time before retreating, forming a double top. The upward rebound was interrupted by a break below 4293. A break below the previous low of 4186 marked the first time a secondary decline has occurred, breaking the previous correction pattern. Previous declines have not resulted in a secondary break below the previous low, let alone a downward extension. Therefore, this time represents a shift in rhythm, a pause in the bull market, and a period of rest and consolidation. The bull market needs rest!
Short-term, yesterday's Asian session rebounded, reaching 4161 before retreating around 2:00 PM. Today, we will focus on the overnight rebound high of 4118 and the 2:00 PM timeframe. Specifically, relying on the resistance at 4118, we can short in the European session and continue to watch for a decline.
Specifically, keep an eye on the resistance at 4118 and consider shorting when the time is right.
10.22 Gold continues to correctAfter forming a double top early Tuesday morning, gold has been experiencing resistance during Tuesday's Asian session, signaling a potential Waterloo. As of Wednesday's Asian session, gold hit a low of 4004 before rebounding above 4100, a bullish consolidation. Gold is currently trading in a range-bound environment. We continue to monitor the 4147-50 resistance level, which also marked the resistance level at midnight Tuesday. Gold prices retreated after hitting this resistance level several times last night. During the day, we will monitor the upward resistance level. If gold fails to break through, we will maintain a volatile trading strategy. We will prioritize shorting within this resistance level.
From the 4-hour chart, we are currently focusing on the 4147-4150 resistance level for the upside, while the -4085-4100 support level is expected to remain. If bulls fail to break through, gold will likely continue its range-bound correction. Trading strategies should prioritize trading within this range. In the intermediate range, we should be cautious about buying orders and wait patiently for key entry points. I'll provide detailed trading strategies during the trading session, so please stay tuned.
Gold Trading Strategy:
1. Short gold with a light position at 4147-4150, stop loss at 4156, target at 4085-4100. Hold if it breaks through!
2. Go long gold at 4085-4095, stop loss at 4078, target at 4145-50. Hold if it breaks through!
Gold mania ends in a $4000 reality check? Thousands queuing for hours in central Sydney to buy gold last week was a potential warning sign that gold was vulnerable to correction.
Today, gold prices saw their largest one-day fall in over ten years. After several failed attempts to break above 4,400, resistance held and momentum reversed sharply.
The first key support now potentially sits near 4,000 (200% retracement).
Despite the correction, long-term outlooks might remain positive. Ongoing inflation risk, lower interest rates, geopolitical tensions, and U.S. government dysfunction are still ever present. This might be why Goldman Sachs raised its December 2026 price target to 4,900 per ounce, up from 4,300, citing
Silver also slumped more than 7%, marking their biggest daily loss since 2021, as overbought signals flashed extremes.
10.21 Gold Intraday Short-Term Trading GuideGold currently has a clear double top on its 4-hour chart, with Friday's low of 4186 acting as the neckline. If it falls below 4186, a double top will form, and the downward trend will accelerate. In the short term, it is likely to move further towards the 4100-4080 area. If it does not break through 4186, the market will rebound again.
10.20 Gold short-term resistance looks at 4280Gold prices twice confirmed their all-time high of 4380 before falling, the first time by $100 and the second time by nearly $200.
Last Friday, gold prices were insane, plummeting from 4380 to 4279, leaving $100 of room for further gains, before rising another $100 to find 4380.
After confirming resistance at 4380 for the second time, the price continued to rise, signaling a downward trend. Pressure was placed on the short side at 4380, 4355, 4350, 4321, and 4364. The price continued to move around the established downward trend, gradually shifting between levels, and finally accelerating to 4186 before ending the decline.
The price rebounded in late trading, returning to the 4250 mark to end the week!
Judging from Monday's market action, the market has entered a broad range-bound sweep. Specifically, the bullish rally may have temporarily paused, gathering momentum for a subsequent rebound.
We must clearly understand the positioning of our defensive lines. When these lines are breached, adjustments and changes must be made:
1. Coordination between the two lines on the hourly and 30-minute charts
It has fallen back into the 30-minute chart's two-line range, between 4280 and 4110.
It remains above the upper limit of the two lines on the hourly chart, at 4221. Although it broke briefly last Friday, the closing price quickly recovered. Support is also being sought at 4221 in the European session this afternoon.
The upper limit of the two lines, 4280-4220, is where the support is being sought.
If the price breaks through this range, the nature of the market will begin to change.
2. Top and bottom reversal positions and Within the small channel, pressure is building up in the 4280-4385 area. The lower band is extending and expanding, focusing on the 4180-4200 range.
In the Asian session, prices fluctuated around the 4219-4271 range. In the afternoon, we confirmed that the 4268 area was beginning to bearishly bearish. Based on this strategy, we chose to enter a bearish position from above, targeting the 4220 area. Once the price started to move, we would aggressively chase the price, pursuing the bearish trend until it accelerated to the 4221 area.
Short-term strategies for the European and US sessions
1. Short-term trading in the 4278-4282 area, with the upper pressure at 4286, a stop-loss at 4298, and a target of 4250. The next target is 4225-4215.
2. After completing the $100 sweep, focus on the 4320 area for short selling. The specific target is a bit further out, so stay tuned for real-time alerts.
3. Currently, the price has returned to around 4260, so we will wait for the plan in the first point.
10.19 Gold Monday short-term analysis guide!Gold closed near 4247 on Friday. Following five consecutive daily gains, the market closed with a bearish candlestick pattern. Technical analysis suggests that gold prices are poised for a period of volatile correction. Without news stimulus, gold is expected to fluctuate within a range. Given the pullback from Friday's large bearish candlestick, Monday's focus should be on whether the decline can be sustained. If this trend isn't sustained, bulls are poised to launch a counterattack. Otherwise, gold is poised to enter a range of rebound resistance.
From the 4-hour market trend, short-term resistance is currently at 4280-4293, with a focus on 4315-23. Support is at 4185-4193. If bulls fail to achieve a sustained breakout, a period of volatile correction is imminent. Trading strategies should prioritize range-bound trading. In the middle, adopt a cautious approach, cautiously follow orders, and patiently wait for key entry points.






















