XAU/USD (Gold) chart Pattern..XAU/USD (Gold) chart carefully 👇
🧭 Timeframe:
Im using 1-hour (1H) chart.
📊 Current Setup:
I have a descending triangle or symmetrical triangle pattern forming.
Price is around $4,000–$4,005.
The support trendline (bottom) has been tested multiple times, showing potential weakness.
Ichimoku Cloud is flat and price is below the mid-zone — a slightly bearish bias.
📉 Breakout Direction:
The chart shows blue arrows pointing downward, meaning a bearish breakout is expected.
🎯 Target Levels (based on my chart’s marking):
1. First Target Point: around $3,975 – $3,980
(Short-term target after triangle breakdown.)
2. Second Target Point: around $3,920 – $3,925
(Extended bearish target if momentum continues.)
⚠ Key Levels to Watch:
Resistance: $4,020 – $4,030
Break Zone (confirmation of sell): below $3,995 candle close (1H).
Support/Buy Zone: $3,920 – $3,925
---
Summary:
Action Target Comment
Sell below $3,995 🎯 $3,975 First take-profit
Hold/sell continuation 🎯 $3,920 Final target zone
Stop loss 🔺 $4,030 Above upper trendline
Trade ideas
GOLD SWING SETUPGold is currently showing indecision on the H4 timeframe.
Within its internal structure, price is forming an uptrend, suggesting a possible reversal from the previous downtrend pattern.
If momentum continues, gold may break the reversal structure and align with the major uptrend.
The target area for this move is around 4050, where a new major uptrend formation could develop.
Market Psychology: Gold vs Bitcoin - Where We Really Are🧠 The Psychology Test That Changes Everything
Here's a simple test that will tell you everything about where TVC:GOLD and IG:BITCOIN is in its cycle:
Look at these two charts. Which one screams "bull market euphoria"?
────────────────────────────────────
Chart One
🥇 TVC:GOLD : A Textbook Bull Market
Current Price: $4,000.92
Peak Price: $4,390 (Recently hit)
RSI: 69.15
Phase: EUPHORIA → COMPLACENCY (Post-peak pullback)
What the Psychology Chart Shows:
Looking at FOREXCOM:XAUUSD price action overlaid with the Wall Street Cheat Sheet:
✅ Clean parabolic structure - No ambiguity
✅ Multiple phases completed - Hope → Optimism → Belief → Thrill → Euphoria
✅ Peak already hit at $4,390 - The pink Euphoria circle was touched
✅ Now pulling back from peak - Classic post-euphoria behavior
✅ RSI cooling from overbought - Down from 85+ to 69.15
✅ Volume still elevated as reality sets in
This is what a COMPLETED bull market looks like.
When you see this chart, you don't second-guess. You don't wonder "is this a bull market?"
You KNOW it is.
────────────────────────────────────
Chart Two
₿ IG:BITCOIN : Still in Early Stages
Current Price: $101,802.2
RSI: 44.61
Phase: OPTIMISM (not even Belief yet)
What the Psychology Chart Shows:
Looking at INDEX:BTCUSD price action overlaid with the Wall Street Cheat Sheet:
⚠️ "We are here" marker - Sitting in the OPTIMISM phase
⚠️ Haven't reached Belief yet - The green zone is still ahead
⚠️ Thrill phase - Blue circle far above current price
⚠️ Euphoria phase - Pink circle even further away
⚠️ RSI at 44.61 - Not even close to overbought
⚠️ Fourth Halving marker - April 22, 2024 clearly noted
This is what mid-cycle consolidation looks like.
────────────────────────────────────
🔍 The Critical Difference
Let me use an analogy: Think of market cycles like a marathon.
FOREXCOM:GOLD (Chart 1):
Mile 26 - Just crossed finish line - Race is over, starting to cool down
Runners are slowing down after sprint (Post-euphoria)
Crowd peaked, now dispersing (Volume still high but declining)
Everyone saw the finish (Peak at $4,390)
Now wondering if they should have sprinted harder
CRYPTOCAP:BTC (Chart 2):
Mile 8 of 26 - Still early in the race
Runners are fresh and steady (Optimism)
Crowd is watching but not cheering wildly yet
Most people aren't even at the venue yet
Many spectators think the race might be cancelled
────────────────────────────────────
📊 Side-by-Side Psychology Comparison
────────────────────────────────────
🎯 What This Tells Us About IG:BITCOIN
If COINBASE:BTCUSD were truly at a cycle top, it would look like CAPITALCOM:GOLD :
❌ Parabolic vertical moves
❌ RSI pinned above 75 for weeks
❌ Volume exploding
❌ Everyone saying "Bitcoin to $500K"
❌ Taxi drivers asking about crypto
❌ Magazine covers everywhere
❌ No doubt whatsoever about the trend
But OANDA:BTCUSD looks nothing like that:
✅ Choppy consolidation
✅ RSI in neutral zone (44.61)
✅ Volume moderate
✅ Everyone asking "Is the bull market over?"
✅ Retail despair and fear
✅ Zero mainstream coverage
✅ Maximum doubt about the trend
────────────────────────────────────
💡 The Psychology Principle
Here's the key insight from behavioral finance:
**"If you have to ask whether you're in a bubble, you're not in a bubble."**
TVC:GOLD : No one is asking if TVC:GOLD is in a bull market. It's obvious.
IG:BITCOIN : Everyone is asking if IG:BITCOIN is in a bull market. That's your answer.
────────────────────────────────────
🧩 Where Each Asset Really Is
TVC:GOLD - Post-Peak Bear Market Transition:
Completed Phases:
✅ Hope (Oct '23 - May '24)
✅ Optimism (May '24 - Dec '24)
✅ Belief (Dec '24 - May '25)
✅ Thrill (May '25 - Sep '25)
✅ EUPHORIA - PEAKED at $4,390 (Oct '2025)
Current Phase:
🔶 COMPLACENCY - "It'll come back to $4,390"
Price: $4,000.92 (down ~9% from peak)
Classic post-euphoria denial behavior
What's Next:
Anxiety → Denial → Panic → Capitulation (2026+)
Time Remaining: Bull market is OVER - bear phase beginning
────────────────────────────────────
KRAKEN:BTCUSD - Early-Mid Bull Market:
Completed Phases:
✅ Hope (2023 - Post-FTX recovery)
🟡 OPTIMISM (Current - 2024-2025)
Phases Still Ahead:
⬜ Belief
⬜ Thrill
⬜ Euphoria
What's Next:
Break into Belief phase → Thrill → Euphoria
Time Remaining: Given CRYPTOCAP:BTC high volatile nature - 2-6 months of upside potential
────────────────────────────────────
🎨 The Visual Test (Do This Right Now)
Step 1: Look at the TVC:GOLD chart
Does it look like a bull market? YES
Could you be wrong? NO
Is there any doubt? ZERO
Step 2: Look at the IG:BITCOIN chart
Does it look like a bull market? MAYBE?
Could you be wrong? POSSIBLY
Is there any doubt? TONS
Step 3: Ask yourself
**"Would a cycle TOP have this much doubt and fear?"**
The answer is NO.
────────────────────────────────────
📈 What the RSI Divergence Tells Us
TVC:GOLD RSI Pattern:
Peaked above 85 during euphoria
Currently cooling at 69.15
Rolling over from overbought
Classic post-peak behavior
This is bear market transition
IG:BITCOIN RSI Pattern:
Sitting at 44.61
Plenty of room to run
Not even approaching overbought
Recent "Bear" signals flushing out
This is early-cycle behavior
Think of it like a gas tank:
TVC:GOLD : Hit redline at $4,390, now coasting down on fumes
IG:BITCOIN : 45% full, tons of room to run
────────────────────────────────────
🔥 The Contrarian Insight
What the majority thinks:
" TVC:GOLD is in a bubble, IG:BITCOIN topped"
What the charts actually show:
TVC:GOLD is in a mature bull market (near end)
IG:BITCOIN is in early-mid bull market (tons of runway)
The irony:
Everyone trusts TVC:GOLD rally (late stage)
Everyone doubts IG:BITCOIN rally (early stage)
This is exactly backwards.
────────────────────────────────────
🎭 The Emotional State Comparison
TVC:GOLD Holders Right Now:
😰 Starting to feel anxious (down from $4,390)
🤔 "It'll bounce back, right?"
📉 Checking price hoping for recovery
🙃 "I should have sold at $4,390"
😬 "This is just a healthy correction"
This is COMPLACENCY - the denial phase after euphoria.
IG:BITCOIN Holders Right Now:
😰 Anxious and doubtful
🤐 Not talking about their positions
😔 Wondering if they should sell
📉 Feeling defeated
💀 "Maybe the cycle is over"
Which emotional state typically marks:
Post-cycle tops? → TVC:GOLD current state (Complacency/Denial after Euphoria peak)
Cycle middles? → IG:BITCOIN current state (Doubt during Optimism)
────────────────────────────────────
💎 The Bottom Line
Using the Wall Street Cheat Sheet as our guide:
TVC:GOLD :
Phase: Thrill → Euphoria
Completion: ~95% through cycle
Risk/Reward: High risk, limited reward
Action: Take profits soon
IG:BITCOIN :
Phase: Optimism (just finished Hope)
Completion: ~30% through cycle
Risk/Reward: Moderate risk, massive reward
Action: Accumulate aggressively
────────────────────────────────────
🧠 The Psychology Lesson
The market is designed to make you feel wrong at exactly the wrong time:
When TVC:GOLD peaked at $4,390 (Euphoria) → You felt confident, " TVC:GOLD to $5K!"
Now TVC:GOLD is pulling back (Complacency) → You feel like "it's just a correction"
When IG:BITCOIN is cheap and poised (Optimism) → You feel scared to buy
This is why most people:
Miss selling tops (felt too good at $4,390)
Hold through corrections (denial and complacency)
Sell bottoms during fear (Optimism feels scary)
To win, you must:
Trust the structure over the sentiment
Buy when it feels uncomfortable (Optimism/Belief)
Sell when it feels amazing (Euphoria/Peak)
────────────────────────────────────
📍 Where We Actually Are
HOPE → OPTIMISM( IG:BITCOIN ) → BELIEF → THRILL → EUPHORIA ( TVC:GOLD $4390 Peak) → COMPLACENCY → ( TVC:GOLD Current)
IG:BITCOIN is 3-4 phases behind TVC:GOLD .
TVC:GOLD already peaked. IG:BITCOIN hasn't even started its parabolic phase yet.
────────────────────────────────────
🎯 What This Means for Your Portfolio
If you're holding TVC:GOLD at $4,000:
You missed the peak at $4,390
You're in post-euphoria complacency
"It'll bounce back" is denial
Risk/reward is terrible now
Exit strategy needed YESTERDAY
If you're doubting IG:BITCOIN at $102K:
You're sitting in Optimism
You're early to the party
Peak is 3-4 phases away
Risk/reward is excellent
Accumulation strategy needed NOW
────────────────────────────────────
🔚 Final Thought
The next time someone tells you " IG:BITCOIN topped," show them these two charts side by side.
Ask them: "Which one actually topped?"
The answer is clear: TVC:GOLD peaked at $4,390 and is now in complacency denial. IG:BITCOIN is still in optimism.
TVC:GOLD finished its race.
IG:BITCOIN is just finishing Act 1.
The Golden Bull Run isn't over—it's barely begun.
────────────────────────────────────
This is educational content comparing market psychology across asset classes. Not financial advice. Always do your own research and manage risk appropriately.
────────────────────────────────────
#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
---
### 🟩 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 🏛💰
XAUUSD – Ascending Diagonal Structure Forming a Bullish BreakoutXAUUSD – Ascending Diagonal Structure Forming a Bullish Breakout Setup
Price action is currently developing an Ascending Diagonal (a contracting rising wedge structure), typically seen as a wave 1 or wave 5 pattern in Elliott Wave terms. In this case, the internal wave count (A)-(B)-(C)-(D)-(E) suggests the diagonal is completing, and we may now be transitioning into the impulsive breakout phase.
Key Technical Notes:
Each swing leg is overlapping, fitting the characteristics of a diagonal
Wave (D) respected the 0.618 retracement and bounced cleanly
Price is holding above the lower boundary trendline
Momentum on RSI is recovering from a bullish divergence
This combination indicates that the correction within the diagonal is likely complete, and the market is preparing to resolve upward.
Breakout Confirmation Levels:
Break above 3,997–4,010 → triggers bullish continuation
Holding above 3,963 keeps the diagonal valid
A close below 3,948 invalidates the bullish wave structure
Upside Targets After Breakout:
4,035
4,060
4,090+ (diagonal measured projection)
Bias: Bullish while price stays above 3,963
Structure Type: Ascending Ending/Leading Diagonal
Expectation: Impulse wave breakout to the upside
XAUUSD Bullish Flag: Breakout Above 4,150 Toward 4,400Gold (XAUUSD) ripped higher from late August and topped just below 4,400 before slipping into a tidy pullback. Price is now hovering near 3,940 with momentum cooled and volatility contracting—classic flag behavior after a vertical pole. Structure remains bullish on higher timeframes, even as the short-term trend corrects. The 20-day average near ~4,085 is capping price, while immediate demand sits around 3,930.
The primary path is continuation: a daily close above 4,150 would clear the flag top and the MA20, opening room for a run back into the 4,380–4,400 supply zone. If momentum builds, expect a retest of the mid-October high at 4,400; interim buoyancy above ~4,100 would support a grind toward 4,340 before the final push. Accumulation near 3,930–3,950 is higher risk, and should be reserved for clear reversal signals.
If buyers fail to defend 3,930–3,920, the setup breaks. A daily close below 3,920 invalidates the flag and puts 3,780 (near the MA60 ~3,773) on the map, with rallies likely to be sold beneath 4,040–4,085 until structure repairs. Clean line in the sand for longs sits just under 3,920, with protective stops around ~3,900.
This is a study, not financial advice. Manage risk and invalidations
XAUUSD 🎯 My Summary & View For Yellow metal
Bias: Bullish, provided support holds.
Strategy Suggestion:
Consider long entries on retests of support zones or after a confirmed breakout above resistance.
Place stop-losses just below the confirmed support to protect against sudden turnarounds.
Set profit targets at the next logical resistance / structure zone.
Watch-outs:
If price breaks below key support and closes there, the bullish thesis weakens.
Overbought conditions / exhaustion of momentum could lead to consolidation or a shallow correction even while trend remains up.
Keep an eye on macro events (Fed decisions, USD strength, geopolitical flare-ups) since gold is sensitive to those
⚠️ Risk Disclaimer
Trading financial instruments such as gold (XAUUSD), forex, cryptocurrencies, and other markets involves a high level of risk and may not be suitable for all investors. The information and setups provided are for educational and informational purposes only and do not constitute financial advice or investment recommendations.
Past performance is not indicative of future results. Market conditions can change rapidly, and there is always the potential for loss of capital. You should carefully consider your financial situation, trading experience, and risk tolerance before making any trading decisions.
Always use proper risk management, including setting stop-loss levels and managing position size. The author of this content is not responsible for any losses incurred from following analyses, trade ideas, or setups shared here.
By engaging in trading activities, you acknowledge and accept all risks associated with financial markets.
GOLD $4,381 — Cyclical Top or Local Top?Has the price of gold reached its final bullish cycle high at $4,381 during the trading session of Monday, October 20? That session marked the end of an upward inertia phase in precious metals prices, triggering the first retracement since mid-August. However, a retracement does not necessarily mean a final cycle top or the start of a long-term bearish trend.
To confirm that gold has made its annual top this October in the commodities market, several technical and fundamental conditions must be met — and at this stage, they are not.
1) To confirm a major cycle top, a strong resistance level and a clear bearish reversal pattern must be observed
Looking back at gold’s price history, we can refer to the long distribution phase of 2011–2012, which concluded a bullish trend that had begun at the start of the century. This was followed by a four-year bear market, before a new long-term uptrend began in January 2016.
What about the current long-term technical setup? Monthly chart data provide insight into the broader cycle. Gold has been building its fifth bullish wave since the breakout above its former all-time high in March 2024, already exceeding several theoretical price targets based on Fibonacci extensions. The $4,300 region aligns with two major extensions, including the 1.618 “golden ratio” extension of wave 3.
However, that alone is not enough to confirm that the cycle top occurred at $4,381. At this stage, there is no distribution pattern or major support break. A drop below $3,400 would be a strong signal of a completed bullish cycle.
2) Gold’s cyclical top will occur when the US dollar confirms a medium-term bullish reversal
Gold’s cyclical top will coincide with the moment the US Dollar (USD) establishes a sustained bullish reversal. Gold and the dollar usually move in opposite directions: a stronger dollar reduces the appeal of gold for international investors. Once the dollar confirms an upward trend reversal, capital will progressively rotate away from gold — signaling the end of the metal’s bullish phase.
The chart below shows the weekly candlesticks of the US Dollar Index (DXY) against a basket of major currencies, highlighting the bullish reversals seen in 2018 and 2021.
3) Gold’s cyclical top will be reached when outflows dominate in GOLD ETFs
The gold cycle will top out when capital outflows from gold-backed ETFs become dominant. Inflows into these funds usually reflect investor appetite for the metal. When these inflows slow and reverse, it shows a gradual disengagement from gold’s financial demand — which has played a major role in its 2025 price rally.
This shift marks the maturity of the bullish phase. Therefore, the dominance of ETF outflows is an early indicator of an impending gold cycle reversal. For now, according to World Gold Council data, that situation has not yet materialized.
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Monday - XAUUSD
⸻
Key Observations
Current Price
The price is hovering around 4,000.98 USD (white dotted line).
Important Levels
Resistance Zone:
4,006.62 (yellow label)
4,007.78 (slightly above) These levels suggest a supply zone or short-term resistance.
Support Zone:
3,994.66 (blue label)
Below that, 3,989.25 and 3,988.20 (orange line)
Deeper support at 3,972.33 (green label).
Liquidity & Order Blocks
There’s a BoS (Break of Structure) marked in blue, indicating a prior bullish break.
Dark red zone above 4,024 suggests a strong supply area where sellers previously dominated.
Green shaded area below 3,988 indicates a demand zone where buyers may step in.
Price Behavior
Price attempted to break above 4,006 but failed, showing rejection.
Consolidation between 3,994 – 4,006, signaling indecision.
⸻
Possible Scenarios
Bullish Case: If price reclaims 4,006.62 and holds above, next targets could be 4,012.26 → 4,024.08 → 4,036.71.
Bearish Case: If price breaks below 3,994.66, expect a move toward 3,988.20 → 3,972.33.
⸻
✅ Trading Insight:
Watch for liquidity grabs near 4,006 (fake breakout) or 3,994 (stop hunts).
Best risk-reward setups likely near demand zone (3,988) for longs or supply zone (4,024) for shorts.
⸻
XAUUSD: Double-Top Breakdown Targets $3,928 Amid USD StrengthXAUUSD 4H Bearish
**Quick Analysis**
- 3rd test & reject at $4,000 (psych + 1.618 Fib)
- Double-top neckline broken @ $3,985 → $3,928 target
- RSI 72 divergence + bearish engulfing under 200EMA
**Fundamentals**
- FOMC signals 2 cuts in 2026 → DXY 108.50
- Ceasefire + Trump tariffs crush safe-haven bid
- COT: specs max long → squeeze incoming
**Trade**
SELL LIMIT $3,995–$4,005
SL $4,018 | TP $3,928 (1:4 RR)
Risk 1% | BE +25 pips
Gold price under 4000 at the end of the week⭐️GOLDEN INFORMATION:
Gold (XAU/USD) gains fresh buying interest near the $4,000 psychological level during Friday’s Asian session, rebounding from Thursday’s late pullback. Renewed concerns over the prolonged US government shutdown and uncertainty surrounding President Donald Trump’s tariff policies weigh on risk sentiment, fueling safe-haven demand for gold.
Additionally, a private-sector survey on Thursday revealed job losses in October, reinforcing expectations of further Federal Reserve (Fed) rate cuts and lending support to the non-yielding metal. However, mild US Dollar (USD) buying could cap gains. Overall, the broader fundamentals continue to favor bullish momentum in XAU/USD.
⭐️Personal comments NOVA:
Accumulation and sideways is the main trend of gold at the moment, continuing to trade below 4000
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: 4028 - 4030 SL 4035
TP1: $4012
TP2: $4000
TP3: $3985
🔥BUY GOLD zone: 3949 - 3947 SL 3942
TP1: $3960
TP2: $3970
TP3: $3990
⭐️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
Rejected at (OB) $4013–$4020, next days 10th-14th target $3,885🧭 Overall Structure
The chart shows a potential bearish setup.
I have drawn a descending pattern (A-B-C-D) with rejection from an Order Block (OB) around $4,013–$4,020.
The white arrow projects a downward move toward 3,885.
🔍 Key Technical Elements
1. Order Blocks (OB)
Upper OB (~4,150–4,120): Higher timeframe supply zone; strong resistance if price rallies.
Current OB (~4,013–4,040): Recently rejected here — price reacted and failed to make a new higher high → confirms seller pressure.
2. Break of Structure (BOS)
A previous BOS occurred to the downside, suggesting bearish momentum took control after a temporary bullish leg.
3. Trend Lines (Yellow Dashed)
The upper TL connects lower highs → consistent downtrend.
The lower TL (support) was recently tested and might break soon — signaling bearish continuation.
4. Pattern
A–B–C–D harmonic-like pattern completed near the order block, often signaling a sell opportunity when it aligns with rejection zones.
Price formed a lower high (LH) at point C and another at D → confirms trend weakness.
5. Candlestick Rejection
“Rejected” and “Hammer” labels near point D and OB zone show failed bullish attempts → adds confluence for short.
🎯 Bearish Targets
TP1: 3,950 (nearest support)
TP2: 3,930 (previous low)
TP3 (Major): 3,885 (strong historical support zone)
⚠️ Invalidation
If price closes above 4,040–4,060 (OB zone), bearish setup invalidates.
That would mean liquidity grab and possible push toward 4,100–4,150 OB.
🧩 Summary
Bias Entry Zone Confirmation Targets Invalidation
Bearish 4,010–4,020 OB zone Rejection + lower high 3,950 → 3,930 → 3,885 Close above 4,060
Gold Trade Plan 06/11/2025 ( Buy Deep)dear Trader,
The price is above the 20 moving average, and the 4020–4030 zone will be a very important area for gold buyers. I expect the price to break this zone soon, with the first target at 4070 and the second at 4130. As long as the price remains stable above 4000, these targets will be achievable.
Regards,
Alireza!
Gold (XAU/USD)1h SymmetricalTriangleSetup –Price Action AnalysisOANDA:XAUUSD The pattern described is a Triangle, and more specifically, it appears to be a Symmetrical Triangle.
Here's the reasoning:
1. Converging Trendlines: The list of times (0:00, 1:00, 2:00...), while not price data itself, implies a price chart where the highs and lows are being plotted over time. For a triangle pattern to form, the price action must be contained within two converging trendlines.
2. Symmetrical Nature: The key information is the relationship between the two Moving Averages (MAs):
· MA 9 close: 4,002.189
· MA 15 close: 4,001.945
The two MAs are virtually converged. They are almost at the same price level, with the shorter-term MA (9) just slightly above the longer-term MA (15). This convergence of MAs is a strong technical indicator that the market is in a period of consolidation and compression, which is the defining characteristic of a triangle pattern. In a symmetrical triangle, both the bulls and bears are in equilibrium, pushing the price into a tighter and tighter range, which is exactly what these converging MAs show.
In summary: The data points to a consolidating market forming a Triangle pattern. The convergence of the 9 and 15-period Moving Averages strongly suggests it is a Symmetrical Triangle, indicating a battle between buying and selling pressure that is about to resolve in a decisive breakout.
Sink or Soar for GoldThe broader trend for gold remains bullish, supported by safe-haven demand, central-bank accumulation and weakness in the USD.
However, momentum appears to be softening: overbought readings, increased risk of pull-back or consolidation.
Support beneath the price: If gold corrects, watch for structural support zones to hold before bullish continuation.
Resistance above: A breakout above defined resistance could open a further leg higher; failure to break may invite a deeper correction.
Poteential bullish reversal?The Gold (XAU/USD) is reacting off the pivot, which is a pullback support and could bounce to the 50% Fibonacci resistance.
Pivto: 3,952.85
1st Support: 3,800.21
1st Resistance: 4,148.52
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Gold consolidates below $4000Gold is continuing to consolidate inside of a dynamic support area below $4000 level. Volumes have dropped to the new low for the 4-weeks period, but open interest starts to slowly build at current price levels. The market may need more time to complete the consolidation and resume moving in the upward direction. Before bouncing back, it might retest the $3900 price area as shown at the chart.
Absence of macro economic publications freezes trading activity across the board, as traders lack new driving narratives.
Don't forget - this is just the idea, always do your own research and never forget to manage your risk!
Maintain a volatile approach ahead of NFP.
Before today's NFP, our strategy remains focused on range-bound consolidation. We expect the NFP data to push gold out of this range. Yesterday's daily chart showed a doji candlestick, with Thursday's close around 3977, reaching a low of 3964.4 before settling in a range, successfully hitting the 3965-3970 range I previously identified. I consistently emphasized against chasing highs yesterday and provided a shorting strategy around 4020-4025, which my followers should have seen. Gold faces significant upward pressure, and a major bullish catalyst is needed for a breakout. Otherwise, we will continue to focus on selling on rallies. With the NFP data release today (Friday), we expect a range-bound trading strategy before the US session. If you are currently experiencing difficulties with your trading and want to learn more about investment strategies, please leave a message to discuss and exchange ideas!
From the 4-hour chart, the current short-term resistance level to watch is 4020-4025, with the key support level at 4047-4055, a key level for determining whether the market is bullish or bearish. Short-term support is at 3960-3970, with key support at the previous low of 3888-3890. The recommended strategy is to primarily sell on rallies, avoiding chasing the market and patiently waiting for key entry points. Specific trading strategies will be provided during trading hours; please pay close attention.
Gold Trading Strategy: Sell gold on rallies to 4020-4025, and add to positions on rallies to 4047-4055, targeting 3960-3970. A break below this level could lead to 3918-3920.
EXPECTATION FOR THE WEEK This week will probably lead to a break above 4040 for the bulls to push price up, but we could see a range again anywhere between 4130 and 4350, so we are likely going to see,
a sell from 4005-4010 so if you are trading you can set sl around 4020 and tp at 3980/70 and a buy anywhere within the circle/sphere, the sell could reach even 3950/40 but I don't believe it will go below 3930/20 because if it closes below 3930/20 then chances of it selling more will be high but looking at how price has been rejected several times and how the candles closed, the probability of gold selling more is very low so,
we will sell first at 4005-10 with sl at 4020, any moment after market open and target a buy anywhere in the circle after a confirmation on some time frames.






















