LiamTrading – XAUUSD D1 | Scenario for Week 2 of NovemberLiamTrading – XAUUSD D1 | Scenario for Week 2 of November
Accumulation range 4047–3928, prioritize buying on breakout – watch for short at 4200 (FVG + Fib 0.382)
Overview: After the adjustment from the historical peak, gold is forming a bottom – accumulating in the price range of 4047–3928. The D1 structure still leans towards a medium-term uptrend if the price holds above 3928; the ~4200 area coinciding with a wide FVG + Fib 0.382 is a “liquidity pool” where strong reactions are likely.
Macro Summary
Hedge funds against public debt/deficit risks and net buying demand from some central banks/Asian blocs support the long-term trend.
The expectation of a cooling interest rate path in 2026 helps reduce pressure on gold, but pullbacks may still occur before major technical milestones.
Technical Analysis (D1 Frame – Trendline | S/R | Volume zone | Fibonacci)
Accumulation Range: 4047 (top of the box) ↔️ 3928 (bottom of the box). D1 closing above 4047 confirms an upper range expansion; breaking 3928 triggers a deeper drop to lower Fib levels.
Fibonacci of the latest upward wave:
Price is oscillating around 0.618 → tendency to form a base.
Deeper area if the base breaks: 0.5 ~ 3850 and 0.382 ~ 3710.
Key Resistance: 4090–4120 (mid-box area), ~4200 (FVG + Fib 0.382) – expected large liquidity/short-term reversal area.
Important Support: 3990–4010 (psychological/trading buffer level), 3928 (lower range boundary – breakout point).
Trendline: The medium-term uptrend remains if corrections do not close below 3928.
Trading Scenario for the New Week
Scenario 1 – Buy on trend when breaking the upper range
Condition: D1 closes above 4047, retest holds firm at 4038–4047.
Entry: 4048–4055
SL: 4018
TP: 4090 → 4120 → 4185–4205 (FVG + Fib 0.382)
Management: Take partial profit at 4090/4120, move SL to breakeven when reaching +1R.
Scenario 1b – Buy at the bottom of the box (fade range)
Entry: 3935–3945 (when there is a clear rejection candle/tail at 3928–3945)
SL: 3895
TP: 3995–4010 → 4040–4047
Note: If D1 closes below 3928, cancel the plan and switch bias to the bearish scenario.
Scenario 2 – Short reaction at the liquidity area 4200
Entry: 4185–4205 (FVG + Fib 0.382) when a clear rejection appears on D1/H4
SL: 4225
TP: 4120 → 4047 → 4010 (extended target: 3850 if there is a breakdown signal)
Note: Counter-trend order; reduce volume, exit quickly if D1 closes above 4205.
Risk & Invalidation
The medium-term bullish bias remains valid as long as D1 does not close below 3928.
D1 closing below 3928 paves the way to 3850 (Fib 0.5), even 3710 (Fib 0.382).
Strong news (CPI, employment, central bank speeches) may disrupt signals; wait for candle closure according to the chosen frame.
Summary
Gold is “spring-loaded” within 4047–3928. Priority plan: Buy on breakout–hold 4047 to target 4090–4120 and test ~4200; simultaneously watch for short reactions at 4200. If breaking 3928, switch scenario to bearish towards 3850 → 3710.
