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ElDoradoFx – GOLD ANALYSIS (11/11/2025, ASIA SESSION) 1. Market Overview Gold opens the Asia session trading near $4,110–$4,115, sustaining the strong bullish momentum from Monday’s US rally. Price action continues to respect the ascending channel structure, but early divergence signals hint at slowing momentum. Bulls maintain control while price holds above $4,097, with short-term consolidation expected before a potential continuation toward $4,130–$4,145. ⸻ 2. Technical Breakdown Daily (D1) • The daily candle closed bullish above the key level $4,100, confirming a BOS and maintaining structure after the $4,013 breakout. • RSI ~59 indicates momentum still healthy with room to extend toward $4,150–$4,180. • Support sits around $4,085–$4,075, which aligns with prior demand and EMA50 confluence. H1 • Price consolidates within an ascending channel; structure is intact with consistent higher lows. • RSI hovering near 70 with MACD flattening, showing early exhaustion. • 200EMA provides dynamic support near $4,095, key zone for intraday buyers. 15M–5M • Short-term trend remains bullish with visible CHoCHs and BOSs confirming continuation. • However, candles show rejection at $4,115–$4,118, forming potential liquidity traps before a corrective pullback into the Golden Zone. • Intraday RSI divergence present on 5M, suggesting potential retracement before next impulse. ⸻ 3. Fibonacci Analysis (Swing 4,087 → 4,116) • 38.2% → $4,105 • 50.0% → $4,101 • 61.8% → $4,097 🎯 Golden Zone: $4,105 – $4,097 (Key re-entry area for continuation) ⸻ 4. High-Probability Trade Scenarios 📈 BUY SCENARIO (Primary Bias) • Entry Zone: $4,105 – $4,097 (Golden Zone / EMA50 retest) • Targets: $4,120 → $4,130 → $4,145 • Stop Loss: Below $4,090 • Confirmation: Bullish engulfing or CHoCH on 5M/15M chart after retest. ✅ Confluence: EMA structure + previous BOS + Fibonacci support.* ⸻ 📉 SELL SCENARIO (Countertrend Pullback) • Entry Zone: $4,115 – $4,120 (Upper channel + RSI 75 divergence) • Targets: $4,105 → $4,097 → $4,087 • Stop Loss: Above $4,125 • Confirmation: Bearish rejection candle or BOS break below $4,109. ⚠️ Countertrend only — potential short-term retracement before continuation. ⸻ 💥 BREAKOUT SETUPS • Bullish Breakout: Above $4,120 → Retest $4,115 → Targets $4,130 → $4,145 → $4,165. • Bearish Breakout: Below $4,087 → Retest $4,090 → Targets $4,075 → $4,065. ⸻ 5. Fundamental Watch • Asia Session: Expected quiet volatility; focus shifts toward liquidity buildup pre-London. • Key Theme: Market pricing in softer USD ahead of upcoming US CPI release later in the week. • DXY: Below 106 continues to support gold upside bias. • Sentiment: Mildly bullish unless DXY rebounds sharply. ⸻ 6. Key Technical Levels Zone Level Remarks Resistance 1 4,115 Short-term cap, watch for breakout Resistance 2 4,130 Intraday extension Resistance 3 4,145 Major target Support 1 4,105 38.2% fib Support 2 4,097 61.8% fib / Golden Zone Support 3 4,087 Key structure base Breakout Triggers >4,120 (Bullish) / <4,087 (Bearish) Confirmation zones ⸻ 7. Analyst Summary Gold’s momentum remains intact with clear bullish market structure across all timeframes. The current consolidation under $4,115 indicates possible accumulation before a new leg up. Traders should monitor $4,105–$4,097 as the high-probability re-entry area for continuation buys. Only a clean break below $4,087 would invalidate the short-term bullish bias and shift attention back to $4,075–$4,060. ⸻ 8. Final Bias Summary 📊 Bias: Bullish-to-neutral above $4,097; expecting continuation to $4,130–$4,145. 🛑 Invalidation: Bearish below $4,087 (structure break). ⸻ 🥇 ElDoradoFx PREMIUM 3.0 – PERFORMANCE 10/11/2025 🥇 📊 Swing precision meets intraday consistency. ━━━━━━━━━━━━━━━ 🪙 XAU/USD (GOLD) 🟢 BUY (SWING) +710 PIPS 🟢 BUY +20 PIPS 🟢 BUY +210 PIPS 🟢 BUY +110 PIPS 🔻 SELL +20 PIPS 🟢 BUY +210 PIPS ━━━━━━━━━━━━━━━ 💰 TOTAL PIPS GAIN: +1,170 PIPS 📊 6 Trades → 6 Wins | 0 SL | 0 BE 🎯 Accuracy: 100% ━━━━━━━━━━━━━━━ 🔥 Clean momentum continuation on GOLD with strong bullish swing setups and precise intraday confirmations. 👏 Congratulations if you profited! ✅✅✅🚀🚀🚀 — ElDoradoFx PREMIUM 3.0 Team 💼
VANTAGE:XAUUSDLong
by ELDORADOFX
Gold - The bullrun is over today!💰Gold ( TVC:GOLD ) creates a massive top: 🔎Analysis summary: Starting all the way back in 2015, Gold created a major rounding bottom pattern. After the breakout, Gold started its major bullrun, rallying about +300% over the past couple of years. But after this rally, Gold is now showing clear signs of a serious top formation. 📝Levels to watch: $4,000 SwingTraderPhil SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION
TVC:GOLDShort
by SwingTraderPhilTV
49
GOLD: Buy on pullbacksFrom the 4-hour chart perspective, attention should currently be paid to the short-term resistance zone around 4115-4123 above, with key focus on the critical resistance level around 4145. In the short term, watch the support zone around 4060-4068, and pay key attention to the previous low support zone around 4030-4035. For trading operations, I still recommend prioritizing buying on pullbacks. At mid-range levels, it’s advisable to mostly observe and refrain from action, be cautious of chasing trades, and patiently wait for key levels to enter positions. Buy 4070 - 4080 SL 4030 TP 4100 - 4110 - 4120 Sell 4120 - 4110 SL 4130 TP 4090 - 4080 - 4070
FOREXCOM:XAUUSDLong
by KingArthur_
Gold (XAU/USD) 3H Technical AnalysisCurrent Price: $4,091.70 Trend: Short-term bullish continuation Chart Structure: Breakout from descending channel 🔍 Chart Insights Descending Channel Breakout: Gold has clearly broken above the yellow descending channel, confirming a bullish breakout from the previous downtrend. Support Level Zone (Purple Area): Support Range: $4,000 – $4,050 This zone was a strong resistance earlier and has now flipped into support after the breakout. Price is expected to retest this area before continuing higher. Bullish Structure & Retest Pattern: The yellow zigzag line indicates a likely scenario where price may pull back slightly to the support zone before continuing the upward move toward the next resistance levels. Target Levels (Resistance zones): First Target: $4,120 – $4,160 Second Target: $4,200 Main Target (Highlighted): $4,381 This aligns with Fibonacci extension and prior structural highs. 📈 Bullish Scenario If price holds above $4,050, the uptrend remains intact. Momentum could push gold toward $4,200 → $4,380 in the next sessions. Ideal entry area: near $4,050 – $4,070 (on successful retest). 📉 Bearish Scenario A confirmed break below $4,000 would invalidate the bullish structure. Downside targets: $3,940 → $3,880. ⚙️ Summary Bias Entry Zone Support Resistance Target Bullish $4,050–$4,070 $4,000 $4,200 / $4,380 $4,381 TFEX:GO1! TFEX:GD1! TFEX:GF1! TFEX:AEONTS1! TFEX:BANK1! TFEX:EURUSD1! TFEX:USD1! TFEX:USDJPY1! TFEX:S501! GPW:FW201! GPW:FPCO1! GPW:FPKN1! GPW:FW401! GPW:FUSD1!
OANDA:XAUUSDLong
by MR_NARCOS_ANALYSIS
XAU/USD – Gold Retests FVG Preparing for a New Uptrend, Target..📊 Market Structure Gold has officially broken the bearish structure (BoS + ChoCH) by surpassing the 4,025 USD zone, confirming a significant shift in market momentum. Following a series of consecutive BoS and a break of the downtrend line, the price is entering a balanced retest phase (FVG 4,030 – 4,040 USD) . As long as the price maintains above the 4,020 USD support zone, the bullish structure remains intact, and it is expected to target the Liquidity Zone 4,070 – 4,090 USD , further extending to the Order Block 4,118 – 4,125 USD . 💎 Key Technical Zones • FVG Retest Zone: 4,030 – 4,040 USD • Trendline Support: around 4,000 USD • Liquidity Zone: 4,070 – 4,090 USD • Final Target (OB): 4,118 – 4,125 USD 🎯 Trading Plan 1️⃣ BUY Setup #1 – Main FVG Retest If the price retraces to the FVG zone of 4,030 – 4,040 USD and forms a bullish confirmation signal (bullish candle / rejection wick): • Entry: 4,033 – 4,038 • SL: 4,020 • TP1: 4,070 • TP2: 4,090 • TP3: 4,120 → Enter at the “discount” zone after the market absorbs liquidity. 2️⃣ BUY Setup #2 – Defensive (deep trendline retest) If the price slightly sweeps the small OB zone around the trendline: • Entry: 3,998 – 4,004 • SL: 3,985 • TP1: 4,070 • TP2: 4,120 → The structure remains intact, this entry has a high RR, suitable for mid-term swing. ⚠️ Invalidation: • If the price closes an H1 candle below 3,985 USD → the short-term uptrend is invalidated. 🧠 Vincent’s View The buyers are fully controlling the H1 structure after breaking the downtrend line that lasted nearly 2 weeks. The price is likely to complete the FVG – trendline – breakout retest before continuing to expand towards the liquidity peak of 4,120 USD. This is the “buy-the-dip” strategic phase for this week. “Smart money buys the discount while everyone waits for confirmation.” ⚜️🟡 ⏰ Timeframe: 1H 📅 Updated: 11/10/2025 ✍️ Analysis by: Captain Vincent
OANDA:XAUUSDLong
by CaptainVincent
2
XAUUSD Forming Bullish MomentumGold (XAUUSD) is currently trading around the 4,000 mark, showing strong bullish momentum after an extended breakout from a prolonged consolidation phase. The market has successfully cleared its previous resistance zone, which had acted as a ceiling for months, confirming a continuation of the broader uptrend. The pattern on the chart clearly reflects a breakout-retest-continuation structure, where gold has completed a healthy pullback phase and is now preparing for its next impulsive move to the upside. As long as price remains above the 3,900 support area, the bullish outlook stays intact, with buyers likely targeting the 4,300–4,500 region in the coming sessions. Fundamentally, gold’s bullish tone is being supported by a combination of softer U.S. dollar sentiment and growing expectations that the Federal Reserve may adopt a more dovish stance heading into 2026. Inflation data has shown signs of moderating, and U.S. Treasury yields have started to ease, which typically benefits non-yielding assets like gold. Additionally, ongoing geopolitical tensions and central bank accumulation of gold reserves continue to add a strong layer of demand, keeping the metal well-supported even during short-term pullbacks. Looking forward, XAUUSD’s trend remains positive as long as market conditions sustain this risk-hedging narrative. Any dips toward 3,950–3,900 could offer fresh buying opportunities for swing traders targeting the next leg higher. The technical picture complements the fundamentals, suggesting that gold may be entering a new expansion phase toward the 4,500–4,700 zone if momentum persists. A clean daily close above 4,100 would likely confirm this next bullish wave, keeping the overall sentiment firmly in favor of the bulls.
OANDA:XAUUSDLong
by AndrewsMarket-Mastery
2
Gold (XAU/USD) – Combined Daily & 1H AnalysisBias: Bullish continuation Key Level to Watch: 4,083.33 USD Gold continues to show strong bullish momentum following last week’s reversal from sub-4,000 zones. On the daily timeframe, price printed a clean bullish candle, confirming buyer dominance. The 1-hour chart reinforces this strength — despite short-term pullbacks, buyers are consistently defending higher lows above 4,041 and 4,083. Technical Context • Trend: Short-term uptrend with renewed bullish structure • Daily Resistance zone: 4,100 – 4,150 • 1H Resistance zones: 4,097.66 → 4,101.80 → 4,110 • Support zones: 4,083 → 4,041 • Structure: Minor retracement within an ongoing breakout sequence; price holding firm above prior resistance now acting as intraday support Trading Plan Monitor 4,083 as the intraday decision level — a sustained hold above this zone supports continuation toward 4,101 and 4,150. A close below 4,041 would signal weakening momentum and open the path for a short-term correction before potential re-entry opportunities emerge.
PEPPERSTONE:XAUUSDLong
by Trellz_
XAUUSD (Gold) Is heading UPWARDS! - time to buyA few days ago XAUUSD (Gold) was in a short term downtrend but finally broke out of it. The price broke through the downward channel to the upside, the price also held onto strong support (the white trendline which acted as a support level). The price tested the white trendline several times but kept bouncing back each time it hit the support zone. The price then broke through all recent resistance zones and will very likely hit the next resistance zone which is marked as the "Take profit" area. BUY GOLD NOW!
TVC:GOLDLong
by VIPindicators
XAUUSD Could Be Bullish If It Stabilizes at This LevelGold surged to its highest level in more than two weeks as traders recalibrated expectations for a Fed rate cut in December, following weak US jobs data and worsening consumer sentiment. The precious metal's gains came despite progress in ending the US government shutdown, as signs of an economic slowdown continued to boost demand for safe-haven assets. - Sell Setup (Short position): A sell position is valid below 4102, targeting 4056 / 4025 / 4004. - Buy Setup (Long position): A buy position is valid above 4102, targeting 4155 / 4189. 📌 Key Points Gold remains bearish below 4102, with potential for a decline towards 4056–4025 after a possible correction to 4090–4102. Only a confirmed 1-hour or 4-hour close above 4102 would shift the bias to bullish continuation, targeting 4155–4189 next.
FOREXCOM:XAUUSDLong
by NouzTrader
XAUUSD – Bullish structure aiming for 4,218 FVG zone 🎯 Price has completed a clean liquidity sweep above 4,087, confirming that Smart Money has cleared the short-term highs before continuing higher. The market structure has now shifted bullish, showing clear intent to reach the imbalance zone between 4,157–4,218, where an important Bearish FVG / Supply block remains unmitigated. The 4,017–4,020 Bullish Order Block below current price is the key mitigation area I’m watching for potential re-entry. If price retraces into this zone and confirms with a BOS up, I’ll be looking for longs targeting 4,087 first, then 4,157–4,218 as the main liquidity draw. As long as price holds above 4,017, the short-term bias stays bullish. A clean break below that would shift focus back to lower liquidity levels near 3,980, where the next accumulation could form. Overall, this setup reflects a classic liquidity grab → structure shift → FVG draw, and I’ll stay patient to let price confirm from the OB before engaging.✨ This is my personal view based on SMC principles – not financial advice. Like & Follow for daily updates.
OANDA:XAUUSDLong
by Karina_ilina
ElDoradoFx – GOLD ANALYSIS (10/11/2025, LONDON SESSION) ⸻ 1. Market Overview Gold continues its strong bullish recovery, opening the London session around $4,078–$4,082 after a powerful rally from the $3,995–$4,000 base during Asia. The current upward leg has reached a temporary exhaustion zone near $4,085–$4,090, where RSI shows overbought readings and MACD momentum begins to flatten. The market remains in a bullish intraday structure, but with limited upside space unless a clean breakout occurs above $4,090. Traders should expect a short-term retracement before potential continuation toward $4,105–$4,115. ⸻ 2. Technical Breakdown 🔹 Daily (D1): Price extends its recovery above the 50EMA, closing the previous session bullish at $4,012. RSI around 56 indicates steady buying momentum. The next major resistance aligns at $4,105–$4,115, with the bullish bias valid as long as price holds above $4,047. 🔹 H1: Clear bullish structure with multiple Breaks of Structure (BOS) confirming trend continuation. The price is now testing the upper boundary of the ascending channel, coinciding with RSI ~80 and a short-term liquidity sweep at $4,085. Minor correction toward $4,065–$4,055 is likely before continuation. 🔹 15M–5M: Microstructure shows fading momentum after a clean rally. RSI divergence is forming (lower highs on RSI vs higher highs in price). MACD histogram is flattening, suggesting a short-term pullback phase. The EMA cluster (50–100–200) below $4,070–$4,055 serves as potential dynamic support for buyers to reenter. ⸻ 3. Fibonacci Analysis (Last Swing 4,047 → 4,085) • 38.2% = $4,070 • 50.0% = $4,066 • 61.8% = $4,062 🎯 Golden Zone: $4,070 – $4,062 (Primary intraday re-entry area for bullish continuation). ⸻ 4. High-Probability Trade Scenarios 📈 BUY SCENARIO (Primary Bias) • Entry Zone: $4,070 – $4,062 (Golden Zone)** • Targets: $4,085 → $4,095 → $4,115 • Stop Loss: Below $4,055 • Confirmation: Bullish engulfing or CHoCH on 5M–15M timeframe from the Golden Zone. • Confluences: Fibonacci alignment + intraday uptrend structure + EMA support + RSI rebound from 45–50 zone. 📉 SELL SCENARIO (Countertrend / Short-term Rejection) • Entry Zone: $4,085 – $4,090 (Top of ascending channel + overbought RSI)** • Targets: $4,070 → $4,060 → $4,047 • Stop Loss: Above $4,096 • Confirmation: Bearish rejection candle or RSI divergence (RSI 70+ with flat MACD histogram). • Confluences: Liquidity sweep + RSI divergence + channel resistance. 💥 BREAKOUT SCENARIOS • Bullish Breakout: Close above $4,090 → Retest $4,085 → Targets $4,105 → $4,115 → $4,130. • Bearish Breakout: Close below $4,055 → Retest $4,062 → Targets $4,047 → $4,030 → $4,015. ⸻ 5. Fundamental Watch • Asia Follow-through: Gold’s rally supported by DXY easing below 106. • London Session: Light economic calendar; traders watching for risk sentiment and bond yields before the US session. • Outlook: Sentiment remains cautiously bullish unless DXY reverses or US yields spike unexpectedly. ⸻ 6. Key Technical Levels Resistance: 4,085 / 4,090 / 4,105 / 4,115 Support: 4,070 / 4,062 / 4,047 / 4,030 Golden Zone: 4,070 – 4,062 Breakout Triggers: >4,090 (Bullish) | <4,055 (Bearish) ⸻ 7. Analyst Summary Gold remains in a solid intraday uptrend but is showing early signs of momentum exhaustion near $4,085–$4,090. Expect a potential retracement to the $4,070–$4,062 Golden Zone before continuation. A clean breakout above $4,090 would confirm renewed bullish momentum toward $4,115–$4,130. ⸻ 8. Final Bias Summary 📊 Bias: Bullish-to-neutral above $4,055; bearish only if price breaks below $4,047. 🎯 Focus: Look for buying confirmation from the $4,070–$4,062 Golden Zone or breakout above $4,090. — ElDoradoFx PREMIUM 3.0 Team 🚀
VANTAGE:XAUUSDLong
by ELDORADOFX
The bulls are back, and going long remains the main theme.#XAUUSD OANDA:XAUUSD TVC:GOLD Although the beginning of the week didn't offer a pullback entry opportunity, gold rallied immediately after the open, breaking through 4030 as expected and continuing its upward trend, officially signaling the return of the bulls to the market. From the hourly chart, gold broke through the resistance of the upward channel at 4055 and continued to fluctuate upwards, indicating that the bullish momentum remains strong in the short term. However, attention should be paid to the resistance at 4080-4100 from the weekly MA5 moving average and the daily middle line, and be wary of a possible pullback after a surge. Therefore, in the short term, avoid blindly chasing the rally, patiently waiting for a pullback to buy remains our main trading strategy. The first support level to watch is the 4055-4045 level, a previous resistance turning point, followed by the important support at 4030-4020. Therefore, if gold prices fall back after encountering resistance during the European session, we can consider going long on gold in batches based on the strength of the pullback.
OANDA:XAUUSDLong
by Miracle-Walker_GC
XAU/USD – Uptrend Extends, Market Prepares for Reaccumulation⏰ Timeframe: 30m 📅 Update: 11/10/2025 🔍 Market Context Gold continues to maintain its upward structure after forming a Change of Character (CHoCH) at the previous peak. Successive Break of Structure (BOS) movements have confirmed the main direction leaning towards buyers. In the early Asian session this week, the price expanded to the Premium Zone around 4,043 USD, showcasing strong bullish momentum. However, this zone could also serve as a technical pause point, where the market may need a slight correction to reaccumulate liquidity before extending the trend. 📊 Technical Structure The uptrend line has been sustainably maintained since 11/7, indicating that buying flows still control the market. Premium Zone (4,043–4,045): a short-term resistance area, where a technical pullback may occur. Order Block (4,003–4,001): a key support area, coinciding with the trendline – likely a technical rebound point if the price corrects. OB Deep (3,980): the last defense zone for the uptrend structure; if broken, the short-term bias will shift to neutral. 🎯 Market Outlook High probability scenarios: 1️⃣ Price temporarily corrects from the Premium Zone → returns to test the OB or trendline around 4,003 → reacts upwards towards the expansion zone of 4,078–4,090 USD. 2️⃣ If the price breaks through the OB area, the market may retest OB Deep at 3,980 USD before redefining the larger structure. 🧠 Analyst’s View Current price behavior reflects a reaccumulation process within the uptrend. As long as the price remains above 4,000 USD, the advantage stays with the buyers. Observing reactions at the trendline and OB area will be key to confirming the next bullish momentum during the US session. 🛡️ Risk Note The price is approaching the equilibrium zone, so avoid impulsive actions without clear confirmation on smaller timeframes.
OANDA:XAUUSDLong
by Goldscale-Capital
2
Gold Breaks Out from Accumulation, Eyes Wave 3 Expansion🔍 Market Context Gold kicked off the new week with strong upside momentum, perfectly aligning with MMFLOW’s previous outlook — calling for a Wave 3 impulse from the accumulation base around 3,940$ – 3,970$. The market’s reaction in early Asia confirmed a bullish structural shift, as gold continues to gain traction amid stable yields and cautious sentiment around the US Dollar. Macro catalysts remain balanced, but liquidity behavior suggests smart money is loading into the breakout phase, positioning early for a potential run toward the 4,100$ handle this week. If momentum sustains, this move could mark the official mid-term reversal that MMFLOW anticipated — setting up a broader recovery phase into year-end. 📊 Technical Outlook (H4 Structure) Gold continues to follow its Elliott Wave recovery path, now developing Wave (3) within the medium-term bullish cycle. Key Technical Zones: • 💎 Support: 3,942$ – 3,982$ (accumulation base & breakout retest) • 🎯 Target 1: 4,072$ – 4,133$ (Wave 3 completion zone) • ⚙️ Target 2 / Extended: 4,189$ – 4,201$ (Fibo 1.618 extension) • ⚠️ Invalidation: Below 3,940$ → loss of short-term momentum, return to neutral structure. The breakout above 4,000$ reinforces bullish sentiment, while higher highs and sustained volume through 4,072$ would confirm a new impulsive phase with room to expand further. 🎯 MMFLOW TRADING View This breakout isn’t random — it’s a smart-money-led accumulation exit after weeks of liquidity sweeps. The narrative remains consistent: “Buy the dips inside strength.” As long as gold stays above 3,970$, the probability of retesting 4,100$+ remains high, and a move toward 4,200$ before year-end cannot be ruled out. ⚜️ MMFLOW Insight: “When the crowd hesitates, liquidity has already chosen direction.”
OANDA:XAUUSDLong
by MMFlowTrading
Gold: 4050 brokenGold prices are showing an upward trend today, currently hovering around 4044, with the intraday high having broken through the key resistance level of 4050. This indicates that bullish momentum has strengthened in the short term, driving prices higher. After breaking through 4050, the short-term resistance levels above lie in the 4060-4080 range. The short-term support level below is around 4020, which is a previous dense trading zone and thus has a certain supporting effect, while the key support level is at 4000. In the short term, gold prices are expected to continue their upward momentum, but may face some resistance around 4060. If they can effectively break through this resistance level, prices may surge toward 4080 or even higher. Conversely, if they encounter resistance and pull back around 4060, they may consolidate within the 4020-4060 range. Trading Strategy: Sell 4050 - 4055 SL 4060 TP 4035 - 4025 - 4015 Buy 4030 - 4035 SL 4020 TP 4050 - 4060 - 4070
FOREXCOM:XAUUSDLong
by KingArthur_
Gold Price Outlook – Trade Setup (XAU/USD)📊 Technical Structure OANDA:XAUUSD Gold (XAU/USD) has broken above short-term descending trendline resistance and is now hovering near $4,045–$4,050, confirming renewed bullish momentum. The breakout was supported by strong buying from the $4,011–$4,017 Support Zone, where previous consolidation occurred. The Resistance Zone lies between $4,054–$4,061, which may act as the next upside target before a potential pullback. The current structure suggests a bullish continuation setup, favouring buying on dips toward the newly established support around $4,011–$4,017. 🎯 Trade Setup Idea: Buy on dip after breakout, targeting higher resistance. Entry: $4,011 – $4,017 (support retest) Stop Loss: $4,008 Take Profit 1: $4,054 Take Profit 2: $4,061 Risk–Reward Ratio: ≈ 1 : 4.65 If gold sustains above $4,061, it could extend further toward $4,080–$4,100, marking a continuation of the bullish breakout sequence. 🌐 Macro Background Gold prices extended gains to around $4,050 in Monday’s Asian session, supported by renewed rate-cut expectations and weakening U.S. consumer sentiment. FXStreet’s Lallalit Srijandorn noted that “Gold edges higher amid concerns over the U.S. economy as markets increase bets on Fed rate cuts.” 【FXStreet】 Labor Market Weakness: U.S. Challenger job cuts surged to 150,000 in October, the highest for that month in over two decades. The spike signals growing softness in the job market and fuels expectations that the Fed could act sooner to support growth. Rate-Cut Expectations: According to the CME FedWatch Tool, markets now price a 66% probability of a 25-basis-point rate cut in December. Lower yields reduce the opportunity cost of holding gold, reinforcing demand for the metal. Consumer Sentiment: The University of Michigan (UoM) Index fell to 50.3 in November (vs. 53.6 in October), a three-and-a-half-year low, reflecting economic pessimism. Shutdown Resolution: Reports from Bloomberg indicate the U.S. government shutdown could soon end as Senate Democrats support a funding deal. While this slightly eases safe-haven demand, it does not offset the dovish macro bias currently favouring gold. Overall, the weakening labour data, falling consumer confidence, and rising rate-cut bets create a constructive macro environment for gold, especially if the Fed adopts a more accommodative tone into December. 🔑 Key Technical Levels Resistance: $4,054 – $4,061 Support: $4,008 – $4,020 Psychological Level: $4,050 📌 Trade Summary Gold broke above short-term resistance, with momentum shifting firmly bullish toward $4,060. The current bias favours buying dips near $4,011–$4,017, targeting the upper resistance band at $4,054–$4,061. A sustained break above this zone could open the path toward $4,080–$4,100. ⚠️ Disclaimer This analysis is for reference only and does not constitute trading advice. Trading involves significant risk, and proper risk management is essential.
FOREXCOM:XAUUSDLong
by ATFX_Global
1
This week's gold price movementFor this week's gold price movement, it is expected to continue in a range-bound consolidation pattern. In terms of operation, it is recommended to adopt a "sell high and buy low" strategy within the range, with a key focus on the core consolidation interval of 3,970-4,030. Specifically, when the gold price pulls back to around 3,970, one can consider establishing a light long position, with a stop-loss set below 3,950 to control risks, and the target range set at 4,000-4,010. When the price rebounds to around 4,030, one can attempt to establish a light short position, with a stop-loss set above 4,050 to avoid greater losses from a breakthrough of the resistance level, and the target range set lower at 4,000-3,980. It should be reminded to investors that current market divergences are significant, and price fluctuations may exceed expectations. In actual operations, it is necessary to strictly control positions and avoid over-trading. Meanwhile, closely monitor changes in key news such as global macroeconomic data and Federal Reserve policy trends, and adjust operating strategies in a timely manner according to actual market conditions to respond to potential risks and opportunities.
FOREXCOM:XAUUSDShort
by KingArthur_