GOLD How to Trade the XAUUSD Range Breakout StrategyLet's cut straight to the chase on Gold (XAU/USD). Right now, the chart isn't giving us much to work with. We are locked solid in a textbook range-bound environment. 😒
If you compare this choppy, sideways action to the clear trends we've seen previously, the difference is stark. There is simply no directional conviction in the market at the moment; we're witnessing classic accumulation/distribution—or just plain indecision.
My focus is simple: Patience is your edge right now. I'm not interested in getting chopped up inside this consolidation zone. We are waiting for a concise, decisive move—a clean breakout—either above the high or below the low of this current range.. and a retest of the range. ⬆️⬇️
Bullish Scenario: A breakout above, followed by a successful re-test and fail. That's our green light for a long position, signaling momentum has shifted North. 🚀
Bearish Scenario: A breakdown and re-test of the range. That's the cue for a short opportunity, confirming bearish momentum. 📉
The breakout and re-test confirmation will be key. Until then, I'll stand aside and preserve capital. No setup, no trade. 🔥
Trade ideas
Excellent Profits on yesterday’s session Selling sequenceAs discussed throughout my yesterday’s commentary: “My position: I have Sold Bought Gold throughout yesterday's session from #3,998.80 especially towards #4,008.80 (aggressive Scalps) and called it for the session. Gold delivered significant Intra-day losses on Asian session and turned timefrimes to Bearish territory. Today is Intra-day Sell session and will continue Selling Gold from my key entry points.”
My position: I have made excellent returns on Selling Gold throughout yesterday’s session taken from #3,995.80 local Top’s. Tide has turned to Sellers reigns and Intra-day sentiment remains turned in Sellers favor. Sequence will stay the same as long as DX is Trading on upside numbers.
Selling pressure below 4000, signs of a breakout⭐️GOLDEN INFORMATION:
Gold (XAU/USD) rises above $3,950 during Wednesday’s Asian session as persistent US government shutdown concerns and geopolitical tensions fuel safe-haven demand. The stalemate between Democrats and Republicans has stretched into a new month, putting the US on track for its longest-ever shutdown.
However, gains may be capped as traders take profits amid a stronger US Dollar (USD) and waning expectations for additional Federal Reserve (Fed) rate cuts this year. A firmer dollar typically makes gold costlier for overseas buyers, limiting its appeal.
⭐️Personal comments NOVA:
Gold price under selling pressure below 4000, downtrend after breaking trendline
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: 4040 - 4042 SL 4047
TP1: $4030
TP2: $4015
TP3: $4000
🔥BUY GOLD zone: 3888 - 3886 SL 3881
TP1: $3900
TP2: $3915
TP3: $3930
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable sell order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
Gold Rebuilds Structure Above $3940, Eyeing $4030 Liquidity Pool
🔍 Market Context
Gold is attempting to regain bullish momentum as safe-haven demand remains supported by rising geopolitical tensions and uncertainty around the upcoming US ADP employment data.
The market continues to oscillate between risk aversion and rate expectations — with the Fed’s hawkish tone keeping the Dollar capped but steady.
At the same time, capital flow rotation from equities into defensive assets is quietly supporting the metal’s structural recovery, with gold holding above key liquidity levels despite intraday volatility.
📊 Technical Analysis (H1–H4)
After forming a double-bottom structure near $3,938, XAU/USD has reclaimed the 38.2% retracement zone (3,974–3,975) from its previous bearish leg.
This area now acts as a pivot zone, separating short-term bullish continuation from potential retracement.
The chart reveals a classic liquidity cycle shift:
Phase 1: Sweep of downside liquidity below 3,930, marking an internal structural low.
Phase 2: Expansion leg reclaiming short-term FVGs, signaling a potential smart money accumulation phase.
Phase 3: Repricing toward upper liquidity targets aligned with Fibonacci extensions.
Key Technical Zones:
• 💎 Liquidity Base: 3,938 – 3,950 (recent demand re-entry area)
• 🎯 Rejection Zone 1: 3,974 – 3,999 (previous inefficiency block)
• ⚙️ Target Zone: 4,033 – 4,045 (1.272–1.618 Fibo extensions, liquidity pool)
• ⚠️ Invalidation: Break below 3,920 would shift structure back to distribution.
🎯 MMFLOW Scenario
If gold sustains above the 3,950 support cluster, buyers are likely to extend the retracement toward 3,999–4,033 where resting liquidity sits.
A clean rejection from 4,000 could trigger an intraday pullback — but as long as price holds above the 3,938 OB base, the bullish recovery structure remains intact.
The short-term narrative favors controlled accumulation, suggesting that smart money is building positions into liquidity zones before the next impulsive move.
⚜️ MMFLOW Insight:
“Liquidity isn’t random — it’s engineered. Every move leaves a footprint, and gold is tracing its next one above $3,950.”
XAUUSD GOLDGold price on the 4H chart is forming a bullish breakout pattern from a descending wedge, trading near the 3,997 zone. A confirmed breakout above the trendline could trigger upward momentum toward the 4,120–4,160 target area, while holding above the 3,960 support will keep the bullish outlook valid.
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XAUUSD UPDATEhi everyone
For this upward movement, the first resistance is at the 3494 level. A breakout at this level would also coincide with a breakout of the trendline. If both the trendline and resistance are broken, the price is likely to move toward the next resistance at 4984. The target price could reach the 61.8% Fibonacci retracement level.
I’m also interested in entering a long position around the 3862 area. However, if the support at 3884 breaks, I will reconsider the setup
good luck all
**My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading my skills also for my trade journal**
Thanks a lot for your support
#XAUUSD – H4 Higher Timeframe Analysis
## 📊
Refining the structure on H4, we can clearly mark key zones from where high-probability trades may trigger ✅
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### 🟥 Key Supply Zone: 4026 – 4048
Price has reacted from this zone multiple times last week.
So, if price retests this area and we see 1–2 strong H1 bearish candle closures, we may look for a sell setup 🛑📉
Sell Plan (if rejection)
* ✨ Entry: 4026 – 4048 rejection
* 🛑 SL: H1 candle closing above 4050–4055
* 🎯 TP: To be updated live based on price reaction
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### 🟩 Bullish Breakout Scenario
If price breaks & sustains above 4048 and we get a convincing H4 bullish closing, then we can shift to buy bias ✅
Buy Plan (if breakout)
* 📈 Target 1: 4080 – 4120
* 📈 Target 2 / Final Resistance: 4115 – 4160
This final zone (4115–4160) aligns with the Fibonacci 0.50 – 0.618 golden pocket, so if we see 1–2 bearish H4 candle confirmations, this area could offer a high-reward swing short opportunity 🏛💰
Report 4/11/25My take
By Thursday, Nov 6, Tesla shareholders are widely expected to approve a record incentive plan for Elon Musk that hard-wires governance around a “physical-AI” vision (robotaxis + humanoid robots) that still contributes almost nothing to current cash flow. Street frameworks now ascribe the majority of TSLA’s value to those options (Robotaxi ~45%, Optimus ~19%), with autos/FSD/energy the minority. The market’s message: governance clarity > near-term delivery softness. Around that, Big Tech just drew a bright line between asset-heavy AI (Meta, Alphabet) and asset-lighter cash return (Apple), while cloud scale (Microsoft, AWS) remains the only place AI capex throws off immediate P&L. Macro remains risk-supportive: a fragile U.S.–China truce shaved tail risks; September CPI printed 3.0% y/y; labor demand is eroding slowly rather than breaking; tariffs haven’t been the inflation doomsday nor a manufacturing panacea; and the Fed’s bias is to cushion jobs.
Bottom line for the next 1–4 weeks: constructive equities, a heavy-ish dollar, oil with a floor (China stockpiling), gold supported on dips, and U.S. duration underpinned by the Fed’s growth-risk focus. TSLA trades on path-dependence headlines (vote, autonomy milestones) more than quarterly units.
What happened
Tesla’s governance and the “optionality premium.”
The Nov 6 vote would lift Musk’s potential stake toward ~25% upon hitting extremely ambitious hurdles (including ~$8.5T market value within ~10 years). Bulls argue Musk’s speed, data advantage, and “touching the physical world” moat justify paying now for AI scale later; bears see a long monetization runway with FSD still supervised and Robotaxi “in park.” Either way, approval reduces overhangs (control/retention), which usually compresses risk premia short term even if fundamentals haven’t changed.
AI spending bifurcation.
Meta’s rising capex/depreciation turned it into a show-me stock; Alphabet is spending even more but can rent out capacity via Cloud; Apple stays asset-light and keeps the cash-return flywheel spinning. Microsoft and AWS are the current “AI rainmakers,” monetizing AI demand through cloud—and the OpenAI–Amazon multiyear compute pact reinforces AWS’s backlog and narrative.
Banks leaning into returns.
Bank of America’s investor day (Wed, Nov 5) will likely pivot rhetoric from “responsible growth” to “more growth” with a higher ROTCE target (16–18%). In a soft-landing tape with Fed cuts still in play, that’s a tailwind for large-cap financials and the Dow, provided investors buy the bridge from talk to delivery.
Macro backdrop.
A partial U.S.–China detente (tariffs eased at the margin, rare-earth curbs delayed, soybean purchases back) removed worst-case escalation—for now. CPI at 3.0% and the Fed’s emphasis on employment risks (Gov. Cook) keep cuts live. Tariff pass-through has been muted (firms eating a chunk via margins and rerouting), reducing the odds of a policy-error inflation spike. China’s aggressive crude stockpiling plus Russia-flow workarounds put a floor under oil—limiting downside even in oversupplied quarters.
Cross-asset impact
S&P 500 (SPX).
Bias remains upward with a “breadth-with-quality” tilt. Cloud/platform names with direct AI monetization (and discipline on capex) should out-earn pure spenders; financials benefit if BofA’s playbook catalyzes a sector rerate; cyclicals get a small boost from trade calm. Watch: any hawkish inflection from the Fed or a re-flare in tariffs would hit multiples first.
Dow Jones (DJI).
Constructive. Banks + industrials + energy benefit from (i) ROTCE rhetoric, (ii) tariff de-escalation optics, (iii) a firmer crude floor. Downside risk: fresh U.S.–Canada tariff noise would nick North American industrials/autos sentiment.
DXY (U.S. Dollar Index).
Leaning softer into year-end as the Fed prioritizes labor risks and trade frictions cool. The path isn’t linear—enforcement shocks (Russia energy, export bans) can create tactical USD squeezes—but base case is a 97–100 range with a drift lower on any dovish Fed signaling.
USDJPY.
Still elevated on policy divergence and higher oil, with 151–155 the volatility zone. A softer broad USD from trade calm + Fed cuts could cap upside, but without a BOJ policy shift or stealth action, dips are shallow. Event risk: rapid yen spikes if authorities lean harder near 153–155.
XAUUSD (Gold).
Supported on dips. Central-bank demand + sanctions/geopolitical hedging offset drag from positive real yields. Improved risk mood can stall upside tactically; structurally the bid persists. Expect a choppy but rising channel if DXY eases and policy uncertainty (tariffs, elections, sanctions) lingers.
Crude (Brent).
Range with a floor. China’s stockpiling and episodic sanctions headlines keep $63–$70 plausible near term; sustained upside requires tougher enforcement that truly crimps Russian flows/financing. Macro risk-on + trade de-escalation argue against a collapse toward low-$50s unless China slows buying.
Tesla: how to think about risk/reward into and after the vote
Into Nov 6: Approval removes a governance overhang; shares tend to trade with an “execution optionality” premium when control/continuity is secured.
Near term (0–6 months): Fundamentals remain EV-demand sensitive (post-credit pull-forward) and FSD is still supervised; the stock trades on catalysts—pilot Robotaxi progress, Optimus milestones, AI data-center scaling, and regulatory signposts.
Medium term (6–24 months): Multiple durability depends on converting narrative power into cash-flow line-items: real autonomy miles under permissive regimes, unit economics for robots, and take-rates that move revenue/GM. Without that, the equity re-anchors to autos/energy cash generation.
Strategy notes & positioning ideas
Equities: Favor quality cloud/platforms with visible AI monetization; barbell with selective financials (ROTCE momentum) and international value where USD softness helps.
Rates/FX: Modest long in belly duration still works while the Fed leans growth-risk; fade USD strength on enforcement headlines; respect yen intervention risk above ~153.
Commodities: Brent call spreads over puts while China is stockpiling; keep strategic gold as policy/geopolitical hedge.
TSLA: Treat post-vote strength as path-dependent: add only against concrete autonomy/robot milestones, reduce on governance pass-through without operating proof.
XAUUSD Bear Cycle has started and this is why according to VIX.Gold (XAUUSD) closed 2 straight red weeks, which last did on June 23. Despite this pull-back, it remains within a Channel Up since the October 31 2022 Low, which was essentially when the Bear Cycle ended and the new Bull Cycle (Channel Up) started.
The previous Bull Cycle topped around 4.5 months after the Volatility Index (VIX) shown in blue, peaked during the March 2020 COVID flash crash.
We are now on a similar situation as VIX topped on the week of March 31 2025 during the Trade War and has since started to decline aggressively. Gold's current top was 6.5 months after VIX's top. Even the 1W RSI sequences between the two Bull Cycles are similar, further raising the degree of their high symmetry.
According to this correlation, Gold may has already formed its Bull Cycle Top 3 weeks ago and could be starting a new +2 year Bear Cycle.
As far as a Target and Bottom is concerned, the previous Bear Cycle almost hit its 0.382 Fibonacci retracement level three times throughout the Cycle, until it broke below it marginally for its September - October 2022 bottom.
As a result, we are looking for the 0.382 Fib yet again as our focal point which is currently around $3000.
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👇 👇 👇 👇 👇 👇
Gold on Intra-day Selling pressureTechnical analysis: Sellers still haven’t missed their estimate as Gold aggressively invalidated #4,000.80 benchmark on multiple occasions (posing as an hard Support zone), due geo-political tensions as a strong catalyst which is putting DX in High demand on Weekly interval. Environment and general market sentiment remains however Gold friendly (about to engage relief rally) due to the Supply-Demand mechanism. DX and Gold are still diagonally correlated, their charts are again on Positive-Negative match which is elemental sign of correlation. This suggests that DX tested its multi-Month Resistance zone, and Gold is under mild Selling pressure. This doesn't affect my local Low’s Buying strategy even though Gold is isolated within Hourly 4 chart healthy Descending Channel that by my estimations will sustain according to all accounts and there are no signs of a rebound yet (it is a reversal pattern most of the times). Weekly chart was Trading near strong Support belt which was aggressively corrected Intra-day so I will not make a strategy shift and will trust my Medium to Long-term Bull model as long as Buying spree on Gold lasts. I have to be excessively careful with today's session as it represents crossroads for the Short-term.
My position: I have Sold Bought Gold throughout yesterday's session from #3,998.80 especially towards #4,008.80 (aggressive Scalps) and called it for the session. Gold delivered significant Intra-day losses on Asian session and turned timefrimes to Bearish territory. Today is Intra-day Sell session and will continue Selling Gold from my key entry points.
XAUUSD H4 | Bearish Drop OffGold (XAU/USD) has rejected off the sell entry, which is a pullback resistance that lines up with the 23.6% Fibonacci retracement and could drop from this level to the downside.
Sell entry is at 4,017.82, whic his a pullback resistance that lines up witht he 23.6% Fibonacci retracemnt.
Stop loss is at 4,135.96, whic is a pullback resistance that aligns with the 50% Fibonacci retracement.
Take profit is at 3,789.94, which is a pullback support that is slightly above the 61.8% Fibonacci projection.
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GOLD XAUUSD 4HR CHARTBUYERS ARE ON CAUTION MODE ,the rejection at 4033-4043 was watched critically for possible break and close ,but buyers failed after many attempt on the descending trendline line .the close of 4th saw more correction following a new found hope for dollar index after the index break and close of daily supply roof, now dollar index approaching 100 $ mark.
the Sydney /Asian gold buyers seen to be on cautious mode on the current demand floor 3921-3933 level, should they try to buy it will still end in sell hopefully around any possible retest zone .
technical support based on strategy will be 3855-3865 zone
technical support zone based on strategy will be 3753.67-3745 zone .
NOTE;TRADING IS 100% PROBABILITY,ANY KEY LEVEL CAN FAIL.
MANAGE YOUR RISK.
FUNDAMENTAL ON GOLD .
Gold's reclassification as a Basel III Tier 1 asset marks a significant upgrade in how regulators and banks view gold within global financial systems.
Why Gold is Reclassified as Basel III Tier 1
Tier 1 Status Definition: Under Basel III, Tier 1 assets are the highest quality capital assets that banks can use to meet their core capital requirements. These assets carry a 0% risk weight, reflecting their safety, liquidity, and reliability as capital.
Gold’s Historical Status: Gold has already been recognized as a Tier 1 asset for capital adequacy since the Basel I Accords in 1988, due to its status as a safe store of value with very low default risk.
New Recognition (2025): Starting July 1, 2025, physical gold held by banks can be counted at 100% of its market value in regulatory capital calculations, instead of being subject to significant haircuts or lower classifications (e.g., previously it was treated as a Tier 3 asset with a 50% deduction).
High-Quality Liquid Asset (HQLA) Label: This reclassification means gold is now officially recognized as a High-Quality Liquid Asset under Basel III, allowing it to qualify as part of banks’ liquidity coverage ratios (LCR), an important step for liquidity and capital management.
Regulatory Shift: This reflects changing perceptions that gold is not just a commodity but a true monetary asset. It is increasingly accepted as a reliable reserve asset by central banks and financial institutions worldwide.
Central Bank Adoption: This move aligns with continued aggressive gold buying by central banks, recognizing gold’s importance for capital reserves, systemic stability, and as an inflation hedge.
Significance
Banks can fully count gold toward core capital reserves.
Reduces capital burden, improving bank balance sheets and financial resilience.
Endorses gold as a strategic, monetary asset, not just a commodity investment.
Encourages institutional demand for physical gold and gold-related financial products.
Summary
Gold was reclassified as a Basel III Tier 1 asset starting July 1, 2025, reflecting its highest quality capital standing with 0% risk weighting and full market value recognition. This elevates gold’s status to a High-Quality Liquid Asset (HQLA) for regulatory purposes, facilitating banks’ liquidity coverage and capital adequacy. The change signals a major regulatory and market shift, acknowledging gold as a core reserve and strategic financial asset in modern banking systems.
#GOLD #XAUUSD
Gold is sideways and waiting for a breakout⭐️GOLDEN INFORMATION:
Gold (XAU/USD) slips toward $4,000 in early Asian trading on Tuesday as investors scale back expectations for additional Federal Reserve (Fed) rate cuts. Markets now await comments from Fed Governor Michelle Bowman later in the day.
Last week, the Fed delivered its second rate cut of the year, lowering the benchmark range to 3.75%–4.00%. However, Chair Jerome Powell’s remark that another cut is “not a foregone conclusion” reinforced a hawkish tone, pressuring the non-yielding metal.
⭐️Personal comments NOVA:
Gold price is still maintaining the accumulation price range, not clearly determining a certain trend. Waiting for a breakout.
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: 4089 - 4091 SL 4096
TP1: $4076
TP2: $4050
TP3: $4030
🔥BUY GOLD zone: 3922 - 3920 SL 3915
TP1: $3940
TP2: $3950
TP3: $3965
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable sell order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
Release the Pressure: Why Relaxed Traders Win MoreOne of the most overlooked psychological factors in trading is pressure — the silent force that makes you enter trades too early, exit too late, and misread what’s actually happening on the chart.
The truth is simple:
When you relax, you trade better.
The Illusion of “Always Doing Something”
Many traders feel that if they’re not in a trade, they’re missing out.
The market becomes a constant test of patience — and silence between trades feels unbearable.
That’s when poor decisions appear: forced entries, revenge trades, and overtrading to “feel productive.”
But the market doesn’t reward effort; it rewards timing.
Trading well often looks like doing nothing most of the time.
You wait, you observe, and you strike when the setup aligns.
This is where the relaxed mindset beats the pressured mindset every single time.
Example: Gold (XAUUSD) Between 3960 and 4030
Let’s take gold as an example.
As explained in my recent analysis, we have two clear levels to watch — 3960 and 4030.
Price is currently trading in between.
Even though it may look like it’s pressing upward and could form an ascending triangle, clarity only comes with a real breakout, not with anticipation.
A pressured trader will often feel the urge to predict — to “get in early” before confirmation.
But the calm trader simply waits.
They know that between levels, price action is noise, not opportunity.
And when clarity comes — either through a clean breakout or a rejection — the decision is obvious and stress-free.
This is what “releasing the pressure” looks like in practice:
You don’t force a trade. You let the market reveal the next step.
Why Pressure Kills Performance
Pressure doesn’t just come from the charts — it comes from expectations.
The trader who needs to make x$ per day will subconsciously search for confirmation that a trade exists.
Charts suddenly look clearer than they actually are.
Bias replaces logic.
And objectivity, which is the foundation of good trading, fades away.
In reality, the more you need to make money from trading, the harder it becomes to do so.
That’s not because the market is cruel — it’s because the human brain under stress stops processing probabilities correctly.
The Paradox of Ease
Every trader eventually experiences this paradox:
The less you try to “make something happen,” the more naturally good trades appear.
This isn’t mystical — it’s psychological.
When the mind is calm, your ability to notice quality setups improves dramatically.
You stop trying to control the market and start aligning with it.
It’s the difference between chasing a wave and surfing one.
Creating Space to Breathe
The professional approach to trading is not about constant activity — it’s about creating the conditions where clarity thrives.
That means reducing pressure in three ways:
1. Detach from daily profit goals.
The market doesn’t care about your personal targets. Focus on setups, not outcomes.
2. Allow financial breathing room.
When your rent, bills, and daily life depend on your next trade, emotional clarity disappears.
Build a secondary income or savings buffer — not for luxury, but for mental freedom.
3 . Redefine success.
A good trading day is not one with profit — it’s one with discipline.
When you measure success by process, not by dollars, you take power back from the market.
Final Thought
Most traders lose not because they lack skill, but because they trade under pressure.
The weight of expectation distorts perception, and the market punishes impatience.
Release the pressure — mentally, financially, and emotionally.
When you do, trading starts to flow the way it was meant to:
Quietly, naturally, profitably.
Gold Price Breakout Above Trendline Targets 3980 Gold (XAU/USD) is showing bullish momentum, breaking above the trendline resistance around 4000. Price is currently near 4008, with potential pullback targets around 3980 and 3965 if retracement occurs. Trend remains positive above the rising trendline.
Gold Forming Bearish Three Drives Pattern Below Channel MidlineHi team!
Gold has formed a double top near the upper boundary of a long-term ascending channel, signaling potential exhaustion of the bullish momentum. After breaking below the local support and retesting it, price created a lower high, which confirms a short-term bearish structure.
Currently, the market is consolidating below the midline of the new channel. The recent sequence of moves is forming a potential Three Drives pattern, where Drive 1 and Drive 2 are already complete, and a possible Drive 3 could be developing.
If price fails to reclaim the main support zone around $4,000–$4,050, we can expect a continuation to the downside toward:
$3,815 – the first key support level and measured target for Drive 3.
$3,604 – the next major support zone and lower boundary of the broader channel.
As long as price remains below the recent swing highs, the bearish scenario remains valid. A clear break above the midline of the channel would invalidate this setup and suggest a potential reversal.
Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
Gold 30Min Engaged ( bullish After Break Detected )Status: Active Reversal Protocol
Symbol: Gold
Session: London–New York Overlap (Smart Exit Window)
Bullish After Break 4030
Bias: Bullish & bearish Reversal
☄️ Volume Surge Confirmed — Sellers dominate exhausted highs
☄️ Session Aligned — Smart money exit window open
☄️ Cluster Shield Active — Supply imbalance verified
☄️ Delta Shift Negative — Buyers trapped above
☄️ POC Retest Completed — Liquidity absorbed at resistance
☄️ Structure Break Pending — Bearish bias confirmed
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.
"Short-selling is correct" - Gold consolidation awaits breakout.Gold prices have indeed been somewhat sluggish recently, fluctuating repeatedly within a range. While this volatility can be agonizing, it reflects the market's rhythm. In terms of trading, avoid blindly chasing highs and lows. If you're bearish, don't chase the market down. Patiently wait for a rebound and resistance before entering a position. The recent market rhythm is very clear: sharp rallies are prone to pullbacks, and sharp drops are prone to rebounds – typical characteristics of a range-bound market. Our trading advice remains clear: focus on the 4010-4030 area. If a rebound fails to break through resistance, continue shorting, building positions in batches and proceeding steadily. We have repeatedly emphasized that gold is currently in a range-bound, slightly bearish adjustment phase, with the overall center of gravity continuing to shift downwards. Short-term rallies do not signify a reversal, and so-called signals are often just bull traps. High-level rebounds remain a good opportunity to establish short positions. Market conditions can change rapidly, but there are always patterns to follow. Don't be misled by appearances; look at the underlying logic and structure. Gold is still in a downward continuation phase. Rebounds present opportunities, while false breakouts pose risks. Gold prices fell as expected. Although we exited early and missed the lowest point, a steady exit is a victory in itself. Trading is never about who is more greedy, but about who knows how to control the pace better.






















