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Will gold's rebound be followed by another decline?It's hard to explain in a few words. By Friday, the market was still fluctuating and oscillating. Gold had just reached a very critical juncture. Is there anything strange about the current position? No, not really. We've seen 4000 points multiple times since Monday, but the candlestick patterns and their arrangement have gradually turned 4000 into a significant resistance level. Two trend lines are evidence of this. First, there's the downtrend line at the top, which is right around 4000. I know it broke down, but does breaking down mean it has stabilized? We definitely shouldn't rush to make a decision. Moreover, the upward trend line at the bottom is clearly over, and the expected resistance level is exactly the same as yesterday's level around 4020. If you look at it this way, it's a perfect double top pattern. I don't need to say what this pattern should do, it's definitely bearish. You can also put the stop loss above 4030, a loss of only about 10 US dollars, which is quite cost-effective. If it can break through 4030, then there's no need to trade anymore, just in case gold goes crazy. It's quite comfortable like it is now. Finally, there's the issue of targets. I'm actually struggling with this too. Today is the last trading day of the week, and holding positions over the weekend isn't ideal. However, assuming 4018 really did top out and the price actually fell, exiting midway would be a huge loss, and it might be difficult to find a good entry point later. Regardless of how much it could fall, at least after this double top pattern formed, gold breaking below 3960 shouldn't be a major problem. Conservatively speaking, I'd suggest aiming for 3980, depending on whether you're a short-term trader. Since the price of 3960 has encountered support and rebounded multiple times this week, there's no need to set a target at 3960. In other words, if it really drops to 3960, it might go down, resulting in a profit of about $40. Let's just see if it reaches 3980. As for whether to go long again later, I still suggest avoiding unnecessary trading. Everyone keeps saying they want to see the US government reopen, but it's been two days since Trump suggested ending the lengthy debates, and there's been no new information, not even news of a vote. After such a long closure, and the second time the non-farm payrolls report was missed, even inflation statistics are being compiled, so why isn't employment data being collected? If I were to speculate maliciously, I'd say it's because employment is simply unsustainable. Just think about how long the closure lasted in October; aside from everything else, how much of the workforce has been lost officially? Not to mention the current situation where businesses have low demand. Previously, layoffs were slow and hiring was gradual, but now layoffs are being accelerated and hiring is being reduced. I really don't know how shocking the non-farm payrolls report will be. This is why I expect the market to fall at the open and then rise. The data is too uncertain, and it doesn't look like good news no matter how you look at it. Let's wait and see. I'm actually hoping that the market will break through this level starting from the opening.
OANDA:XAUUSDShort
by Daniel_PrimeFX
Market volatility, trade steadily.#XAUUSD TVC:GOLD OANDA:XAUUSD As mentioned last night, gold prices failed to break below the important short-term support level of 3965, so we maintain our bullish view. Although the intraday volatility was not high, the consolidation process can be seen as gold accumulating positions in the short term. Market breakout requires patience. Currently, the daily MA5 and MA10 moving averages are converging around 3980, which is also where the 4-hour middle band is located. The key resistance level in the short term is in the 4015-4030 area. A break above this level could lead to further gains towards 4050-4080. It's important to be cautious given the recent volatile market with poor continuity. Therefore, even if a breakout occurs today, it is not advisable to rush to buy. Instead, wait for a pullback before entering the market to avoid being trapped by blindly chasing highs. The 3980-3965range remains the ideal entry point for bulls. Maintaining patience is always a key element in trading.
OANDA:XAUUSDLong
by Miracle-Walker_GC
Nifty Analysis EOD – November 7, 2025 – Friday🟢 Nifty Analysis EOD – November 7, 2025 – Friday 🔴 Bulls fight back from the edge — but can they hold the ground? 🗞 Nifty Summary Nifty opened with a sharp 77-point gap down and extended losses by another 128 points, testing the important support zone early in the session. After forming the day’s low, the index stayed range-bound between 25,318 ~ 25,383 till 11:10 AM, when a strong breakout lifted it above the IB High cum Day High, reaching 25,460 with confidence. This level acted as a crucial resistance, triggering a mild pullback as price began forming a narrow upward-sloping channel, reflecting indecision. The battle between bulls and bears was clearly visible in these mid-session candles. At 13:25 PM, Nifty again broke the PDL and climbed toward the 25,550 resistance, where both the horizontal resistance and the longer-timeframe trendline converged — pushing the index back to 25,460. Another breakout attempt failed at the trendline, and the index finally closed at 25,509.70, just 9 points below the previous day’s close. Despite the flat finish, bulls celebrated a 192-point intraday recovery — a sign of returning confidence after multiple bearish sessions. For this momentum to sustain, Nifty must hold the 25,440 ~ 25,460 zone in the upcoming session. As noted in yesterday’s commentary, bias remains bearish below 25,640 — hence, a decisive close above this level will be crucial to confirm a short-term shift in sentiment. 🛡 5 Min Intraday Chart with Levels 📉 Daily Time Frame Chart with Intraday Levels 🕯 Daily Candle Breakdown Open: 25,433.80 High: 25,551.25 Low: 25,318.45 Close: 25,492.30 Change: −17.40 (−0.07%) 🏗️ Structure Breakdown Type: Doji-like candle with a narrow body and long wicks on both ends. Range (High–Low): 232.8 points → volatile, yet ended with indecision. Body: ≈ 58.5 points → minor directional conviction. Upper Wick: ≈ 58.95 points Lower Wick: ≈ 173.85 points → strong intraday buying from lows. 📚 Interpretation Nifty opened lower, slipped toward 25,320, but strong buying emerged from this support zone, driving prices higher through the morning and midday sessions. The recovery above 25,490 signals that bulls are defending crucial zones but still lack follow-through conviction. The long lower wick underscores short-term exhaustion of selling pressure, though the flat close reflects hesitation at overhead resistance. 🕯Candle Type This session forms a Long-Lower-Wick Doji, typically seen near short-term supports. It hints at the possibility of a base-building phase, but confirmation will depend on a strong follow-up candle next session. 🛡 5 Min Intraday Chart ⚔️ Gladiator Strategy Update ATR: 204.31 IB Range: 128.65 → Medium Market Structure: ImBalanced Trade Highlights: 11:10 – Long Trade → Target Achieved (R:R 1:3.27) 12:50 – Long Trade → Target Achieved (R:R 1:2.58) 📌 Support & Resistance Levels Resistance Zones: 25,550 25,585 25,615 ~ 25,635 Support Zones: 25,460 ~ 25,440 25,380 25,340 25,310 ~ 25,290 💡 Final Thoughts After a streak of weak closes, today’s long-lower-wick candle shows visible buying interest near critical supports. Bulls defended the base well, but they must now prove strength through sustained follow-through above 25,640. For traders, the focus should stay on structure — as long as 25,440 holds, this rebound attempt remains valid. “The first bounce doesn’t confirm reversal — it only tells you the bears have finally met resistance.” ✏️ Disclaimer This is just my personal viewpoint. Always consult your financial advisor before taking any action.
NSE:NIFTY
by kzatakia
GBPUSD: trend broken, channel breakout — sellers stay in controlFor a long time the pair was moving inside an ascending channel, with the upper boundary acting as resistance. Now we see a trendline breakdown and a confirmed exit from the channel. Price is below EMA 50 / EMA 100 / EMA 200, confirming bearish structure. After a strong impulse down, price is pulling back into the Fibonacci zone 0.382–0.705 (1.3330–1.3165) — this is a potential area to look for a short entry. Main target remains 1.2740, which aligns with the next strong support zone. Strategy: waiting for a pullback → weakness confirmation → entering short on price action signal. Invalidation = breakout and consolidation above 1.3520. BOE remains dovish, rate cut expectations for 2026 are rising. USD remains supported by stronger macro data and higher yields, while divergence between monetary policies continues. As long as this divergence persists, GBPUSD bias stays bearish. Charts don’t care about hopes. Wait for a pullback, stick to the plan, execute the setup — not the emotions.
Short
by InvestWorld_777
Gold – Bearish Momentum Builds | Key Support at 3983GOLD | Fundamental & Technical 💎 🔻 Fundamental: Gold climbed back above $4,000 as traders weigh the impact of recent U.S. labor data on the Federal Reserve’s rate path. 🟢 With the Fed’s final 2025 meeting approaching and key data delayed by the U.S. government shutdown, markets face heightened uncertainty over the next policy move. 🟢 Despite the recovery, the broader trend remains technically sensitive near a key resistance zone. 🕯 Technically: Currently, gold is testing the 4025 resistance area. 🔽 As long as price remains below 4025, bearish pressure may continue toward 3983 → 3961. 🔼 A 1H close above 4025, however, would confirm renewed bullish momentum, targeting 4055, with an extended upside path toward 4105 if momentum accelerates. Key Levels Pivot Line: 4025 Resistance: 4053 · 4076 · 4105 Support: 3984 · 3961 · 3925
OANDA:XAUUSDShort
by SroshMayi
USNAS100 – Bearish Bias Below 25230 | Targeting 24850–24350USNAS100 | Overview Wall Street futures struggled for traction at the end of a wobbly week, as optimism around artificial intelligence—which helped drive markets to all-time highs earlier this year—has been tempered by growing concerns over monetization challenges and circular spending within the tech sector. Technically: The index maintains a bearish momentum while trading below the pivot line at 25230. Currently, price action suggests a possible break below 25010, which would confirm a continuation toward 24850, with an extended downside target near 24350. However, a 1H close above 25230 would indicate renewed bullish momentum, signaling a potential recovery toward 25430 and 25700. Pivot Line: 25180 Resistance: 25430 · 25700 Support: 24860 · 24760 · 24350 Outlook: USNAS100 remains bearish while below 25230, targeting 24850–24350 in the short term. A confirmed 1H close above 25230 would shift bias to bullish continuation, eyeing 25430–25700.
OANDA:NAS100USDShort
by SroshMayi
Bitcoin At Make-or-Break Zone – Long Setup Ahead?Bitcoin ( BINANCE:BTCUSDT ) is currently moving near a Heavy Support zone($111,980-$105,820) , Support lines , Potential Reversal Zone(PRZ) , and Cumulative Long Liquidation Leverage($106,432-$104,513) . From an Elliott Wave perspective , it seems that Bitcoin might be completing the microwave 5 of the main wave C . As long as Bitcoin does not break below that Heavy Support zone($111,980-$105,820) , we can still be hopeful about long positions . There's a chance of a fake break of the support lines, and then Bitcoin might bounce back from the PRZ and start rising again. I expect that after touching the PRZ , Bitcoin could rise back up and move toward the Resistance zone($110,700-$109,380) . Note: If the support lines break with high momentum, please do not enter a long position. Cumulative Short Liquidation Leverage: $113,085-$111,444 Stop Loss: $104,420 Please respect each other's ideas and express them politely if you agree or disagree. Bitcoin Analysis (BTCUSDT), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
21
SPX500 – Bearish Momentum Active | Eyes on 6670 SupportSPX500 | Overview Wall Street futures struggled for traction on Friday, wrapping up a volatile week marked by concerns over the U.S. economic outlook and stretched tech-sector valuations. After a sharp 1.5% decline yesterday, the index continues to trade under bearish pressure, with potential for a retest before the next move. Technically: The price remains volatile, with a retest toward 6754 still possible. As long as the price stays below 6754, downside momentum could continue toward 6706 and 6670. A confirmed 1H close below 6706 would strengthen bearish pressure, targeting 6670 → 6626 → 6580. However, if the price stabilizes above 6754, short-term bullish momentum may return, targeting 6775 and 6814. Pivot Zone: 6723 – 6706 Resistance: 6754 · 6775 · 6814 Support: 6670 · 6626 · 6580 Outlook: SPX500 remains bearish while below 6754, with risk of continued correction toward 6670–6626. Only a 1H close above 6754 would signal recovery toward 6775–6814.
OANDA:SPX500USDShort
by SroshMayi
US30 – Bearish Bias Below 46910 | Targeting 46600–46410US30 – MARKET OUTLOOK | Bearish Bias Below 46910 US30 reversed from recent highs and stabilized below the pivot zone at 46910, signaling renewed bearish momentum in the short term. 🔽 Below 46910: Bearish continuation toward 46600 → 46410 → 46000. 🔼 Above 47100: Bullish recovery possible toward 47220 → 47450. Pivot: 46910 Support: 46600 · 46410 · 46000 Resistance: 47100 · 47220 · 47450 US30 remains bearish while below 46910, but a confirmed 1H or 4H close above 47100 would shift bias to bullish continuation toward 47450.
OANDA:US30USDShort
by SroshMayi
Selling on rallies remains the dominant strategy for gold!Yesterday's closing price was around 3977, with a low of around 3964, successfully reaching the 3980-3960 range I predicted. I consistently emphasized against chasing the price higher yesterday and provided a shorting strategy around 4020-4030. Congratulations to those who followed my analysis for substantial profits. Gold faces significant upward pressure, and unless there's a major positive news catalyst, a breakout is unlikely. Otherwise, we will continue to focus on selling on rallies. Today, Friday, is the non-farm payrolls report; we will maintain our strategy of selling on rallies during the day. If you're currently experiencing difficulties with your trading, and I hope to help you avoid common pitfalls, feel free to contact me for discussion! From the 4-hour chart, gold is maintaining a generally bearish trend with some volatility. The upside resistance is around 4010-4020, with a key resistance level near 4030. Support is around 3970-3960. The recommended strategy is to sell on rallies, observing more and acting less in the middle range, avoiding chasing the market, and patiently waiting for confirmation at key levels before entering the market. Specific trading strategies will be provided at the bottom; please pay close attention. Gold Trading Strategy: Sell gold in batches in the 4010-4030 range on rebounds, with a target of 3980-3960.
OANDA:XAUUSDShort
by Daniel_PrimeFX