XAUUSD – Corrective phase in progressGold is currently moving within a corrective phase, which appears to be developing as a WXY structure.
Price is now completing wave X, with one final minor wave C to the upside likely remaining.
The more probable scenario suggests a limited bullish move toward the 4140–4180 zone before continuing lower as part of wave Y.
Bullish trigger: 4046 (for the final leg of wave C)
Bearish alternative: A confirmed breakdown and consolidation below 3960 would invalidate the current count and shift focus to a continuation of the broader bearish move — in that case, the wave structure will be updated accordingly.
Trade ideas
GOLD TECHNICAL ANALYSIS: INTRADAY & SWING TRADING🔍 XAUUSD GOLD TECHNICAL ANALYSIS: COMPREHENSIVE DEEP DIVE FOR INTRADAY & SWING TRADING (NOV 3-7, 2025) 📊
Close Price Level: 4,003.18 USD (As of Nov 1, 2025 - 12:54 AM UTC+4) 💰
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📈 WEEKLY TIMEFRAME (1W) - MACRO PERSPECTIVE
The weekly chart reveals a strong bullish trend with gold trading decisively above its 21-EMA (Exponential Moving Average) and 50-EMA support levels. Ichimoku Cloud analysis shows the price above the cloud, indicating sustained bullish momentum. Bollinger Bands are expanding in the upper region, suggesting strong uptrend continuation. RSI (Relative Strength Index) reads around 65-70 range, confirming bullish strength without entering extreme overbought territory yet. Support levels: 3,980 | Resistance: 4,020-4,050 💪
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📊 DAILY TIMEFRAME (1D) - TREND DIRECTION
Daily analysis shows a solid uptrend structure with higher highs and higher lows formation—classic Dow Theory confirmation. The price is consolidating near the upper zone between 4,000-4,010. Harmonic Pattern Recognition: Potential Gartley pattern forming with precise ratios at the 0.618 Fibonacci retracement. VWAP (Volume Weighted Average Price) sits at approximately 3,995, providing dynamic support. Cup and Handle pattern is developing on the daily, suggesting breakout potential above 4,020 this week. Volume profile shows institutional accumulation during dips. 📍
Key Levels - Daily: Support 3,975 | Midpoint 3,990 | Resistance 4,025
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⏱️ 4-HOUR TIMEFRAME (4H) - SWING TRADE FRAMEWORK
The 4H chart is the primary swing trading timeframe . Gold shows a textbook rising wedge pattern formation with converging trendlines—this is a critical observation. Elliott Wave structure suggests we're in Wave 4 correction territory, preparing for Wave 5 upward extension. Bollinger Bands are squeezing (volatility compression), indicating an imminent breakout. RSI at 55-60 shows balanced momentum with room for bullish push.
IMPORTANT: Watch the 4H support at 3,998 . A break below creates a bear trap opportunity. Alternatively, a breakout above 4,015 confirms wave 5 initiation.
Wyckoff Theory Analysis: Price action shows accumulation phase with high volume at support levels followed by markup phase. Volume trend is constructive. Exponential MA Cross: 20-EMA above 50-EMA = bullish setup locked in. 🎯
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⚡ 1-HOUR TIMEFRAME (1H) - INTRADAY TRADING
Hourly timeframe reveals multiple reversal signals emerging. The price recently bounced from a double bottom formation around 4,000-4,002 support zone. Bollinger Bands midline (20-SMA) is acting as dynamic support/resistance oscillator. RSI shows positive divergence with higher lows—classic reversal confirmation signal .
Entry Zones for Intraday Swings: Buy dips into 4,000-4,003 with stops at 3,995. Target 4,015 for quick 15-20 pips profit-taking. Ichimoku Chikou Span recently crossed above price, another bullish reversal indicator. Volume on recent upswings shows institutional participation. ⚠️
Gann Theory Application: The 45-degree angle from weekly low aligns with current price structure—angular support/resistance holds strong here. 📐
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🔔 30-MINUTE TIMEFRAME (30M) - SCALP TO SWING BRIDGE
The 30M shows short-term consolidation with bearish pennant formation —noting this is a correction pattern within the larger uptrend. This pennant suggests downside breakout potential to 4,000-3,998 zone before resuming uptrend. Bollinger Bands width indicates moderate volatility—perfect for range trading. RSI at 45-50 shows neutral zone , neither overbought nor oversold.
Pattern Recognition: Symmetrical triangle forming with breakout expected within 2-4 hours. Volume declining into consolidation—classic pre-breakout setup. VWAP at 3,992 provides secondary support if pennant breaks downward. However, Dow Theory still suggests the major trend remains bullish until lower lows appear. 🎪
Trading Range: 3,998-4,008 for scalpers this session.
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⚙️ 15-MINUTE TIMEFRAME (15M) - MICRO STRUCTURE
The 15M reveals highest volatility compression of all timeframes. This is the most dangerous zone for breakout traders. Bollinger Bands pinched to tightest range—explosion imminent. RSI bouncing between 40-60 shows indecision . However, the price holds above all three EMAs (5, 10, 20), keeping bias BULLISH .
Harmonic Ratios Alert: AB=CD pattern completing with 1:1 ratio precision at 4,015 resistance level. This is your reversal zone —watch for rejection or breakout confirmation. VWAP showing gradual upward slope, slight bullish edge. Volume oscillator trending higher despite price consolidation. 📈
Microstructure Trade Setup: Break above 4,010 = BUY SIGNAL with target 4,018-4,022 🚀
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⚡⚡ 5-MINUTE TIMEFRAME (5M) - ULTRA-INTRADAY
The 5M is showing inverse head and shoulders pattern —classic bullish reversal setup on ultra-short timeframe. Price formed left shoulder at 3,996, head around 3,993, right shoulder forming near 3,997. Neckline resistance at 4,002 = breakout target. Bollinger Bands in expansion mode with bullish candles forming. RSI already recovering above 50—momentum turning positive. ✅
CRITICAL SETUP: 5M chart is displaying BULL TRAP rejection followed by REVERSAL confirmation . This is your intraday traders' goldmine setup.
Volume surging on recent candles—institutional buyers stepping in. Ichimoku on 5M shows Tenkan-sen above Kijun-sen with positive cloud configuration. Exponential MAs all aligned bullish (5 > 10 > 20 > 50). This is textbook bullish alignment . 📊
5M Trading Opportunity: Enter BUY at neckline break (4,002-4,003) with tight 3-pips stop. Target 4,008-4,012 for quick scalp profits. ⭐
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📋 CONSOLIDATED TRADING STRATEGY FOR NOV 3-7, 2025
INTRADAY SCALP TRADERS (5M-15M): Focus on breaks above 4,010 with tight stops. Target quick 10-20 pips. Avoid trading below 4,000 support—risk/reward becomes unfavorable.
SWING TRADERS (1H-4H): Key decision point at 4,020 breakout level. If confirmed on 4H close, next target 4,050-4,075 range. Stop loss at 3,995 (weekly support). Holding period: 3-5 days.
POSITION TRADERS (1D-1W): Cup and Handle breakout completion expected. Once 4,020 breaks, potential move to 4,100+ within 2-3 weeks. This is accumulation phase completion.
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⚠️ RISK MANAGEMENT & VOLATILITY CONSIDERATIONS
Bollinger Bands volatility expanding = expect larger candle swings. Set wider stops accordingly.
RSI divergences on 4H/1D = potential reversal signals—honor these warnings.
Volume declining into consolidation = watch for gap moves when volume returns.
VWAP breaking = structural support compromised—switch to defensive mode.
Ichimoku Cloud crossovers = trend confirmation signals—don't fight cloud direction.
Maximum Leverage Recommendation: 1:5 ratio on this setup. Gold volatility demands respect. 💡
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🎯 KEY SUPPORT & RESISTANCE LEVELS THIS WEEK
CRITICAL SUPPORT ZONES:
3,975 (Weekly) | 3,990 (Daily VWAP) | 3,995-4,000 (Primary Short-term) | 4,003 (Current Price)
CRITICAL RESISTANCE ZONES:
4,010-4,015 (1H Swing High) | 4,020 (Daily Breakout Level) | 4,035 (Weekly Resistance) | 4,050 (Major Target)
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📊 HARMONIC & GANN PATTERN SUMMARY
Gartley Pattern (Daily): 0.618 retracement zone provides precision entry signals. Formation suggests completion wave incoming.
Gann Angles (4H): 45-degree support holding strong. Fan angles predict next resistance at 4,018-4,020.
Cup & Handle (1D): Breakout above handle resistance = confirmed. Target = height of cup (minimum 50 pips move = 4,050+).
Inverse Head & Shoulders (5M): Neckline at 4,002 is your battleground. Institutional accumulation visible.
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🔮 PROBABILITY WEIGHTED FORECAST (NOV 3-7)
BULLISH SCENARIO (70% Probability): Breakout above 4,020 mid-week, targeting 4,050-4,075 by Friday close. Volume confirmation required. This is the primary outlook based on all technical frameworks aligning.
BEARISH SCENARIO (20% Probability): Break below 3,995, retest 3,975 support, then recovery. This would create bear trap setup for aggressive buyers. However, probability is lower due to Ichimoku positioning and volume profile supporting bulls.
NEUTRAL SCENARIO (10% Probability): Consolidation between 3,990-4,010 entire week. Unlikely given pattern formations and indicators, but possible if macro news creates uncertainty.
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📌 TRADER CHECKLIST FOR THIS WEEK
✅ BEFORE TRADING: Review daily support/resistance levels | Check Ichimoku Cloud positioning | Confirm RSI alignment | Verify VWAP slope direction | Scan for volume profile changes
✅ DURING TRADES: Monitor 4H breakout confirmations | Watch for Bollinger Band extensions | Track volume participation | Honor Elliott Wave count updates | Use Gann angles as dynamic stops
✅ EXIT STRATEGY: Take 50% profit at first target (4,015) | Move stops to breakeven at +10 pips | Trail remaining position to 4,050 | Use Ichimoku cloud breaks as hard stops
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🌟 CONCLUSION: WHY THIS SETUP IS COMPELLING
The convergence of Elliott Wave Wave 5 setup, Harmonic Gartley completion, Cup & Handle breakout pattern, and synchronized bullish Ichimoku Cloud positioning creates a POWERFUL BULLISH CASE for XAUUSD this week.
Bollinger Bands expansion, RSI positive divergences, and Dow Theory higher highs confirmation provide MULTIPLE LAYERS OF CONFIRMATION . Wyckoff Theory accumulation pattern completing with volume surge into breakout zone.
The primary action this week: Watch 4,020 breakout on 4H timeframe. Confirmation closes above this level warrant aggressive long positions targeting 4,050-4,075 range.
Risk/Reward Ratio: 1:3.5 (EXCELLENT for swing trades) | Win Rate: 70% based on pattern probability | Holding Period: 3-5 days maximum
🚀 TRADE SETUP RATING: 9/10 - HIGHLY RECOMMENDED FOR SWING TRADERS 🎖️
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Disclaimer: This analysis is based on technical patterns and indicators as of November 1, 2025. Always use proper risk management, confirm signals independently, and consult your trading plan. Past performance doesn't guarantee future results. Trade responsibly.
XAU/USD Technical Analysis – Bearish Rejection at ResistanceXAU/USD) is currently trading around the $4,009 level after rebounding from a recent intraday low. The price action shows a clear rising channel structure, with the upper boundary acting as a significant resistance zone near $4,040 – $4,050.
The chart highlights a resistance level where price has repeatedly failed to sustain upward momentum, indicating a potential double-top or distribution pattern forming in this area.
If price fails to break and hold above the $4,020 – $4,040 resistance zone, bearish momentum may resume, potentially pushing gold toward the $3,950 area initially, followed by a deeper correction to the target level near $3,913.
Conversely, a decisive breakout and close above $4,050 could invalidate the bearish outlook, opening the way for further bullish continuation.
Key Levels:
Resistance Zone: $4,020 – $4,050
Immediate Support: $3,990
Target Level: $3,913
Trend Bias: Short-term bearish under resistance
Conclusion:
Gold is approaching a critical resistance area, and a rejection could confirm a short-term bearish reversal pattern. Traders should watch for confirmation near $4,020–$4,040 for potential short entries targeting $3,913. CME_MINI:NQ1! CME_MINI:MNQ1! CME_MINI:ES1! CME_MINI:MES1! COMEX_MINI:MGC1! CBOT_MINI:YM1! NYMEX:CL1! CME:BTC1! COMEX:SI1! NSEIX:NIFTY1! CME_MINI:RTY1!
LiamTrading - XAUUSD: Prospect of $5,000 USD and Priority BUY...LiamTrading - XAUUSD: Prospect of $5,000 USD and Priority BUY Strategy at POC $3973
Hello traders community,
Gold is positioned between an extremely optimistic long-term outlook (forecast of $5,000 USD in the next 12-18 months by Bank of America) and short-term technical adjustments.
Although Gold has broken the upward trendline, a sustainable downward trend has not been confirmed.
BUY positions are still prioritized!
🔥 LONG-TERM CONTEXT & INFLATION
Long-Term Driver: Gold prices adjusted for inflation have DOUBLED over the past 4 years.
Highlight: Gold reinforces its role as an anti-inflation asset as real prices soar to all-time highs.
📊 DETAILED TRADING PLAN (ACTION PLAN)
Strategy: Buy at POC Zone to leverage liquidity advantage.
🟢 BUY Scenario (BUY Primary) - Buy at High Value Zone
Logic: The $3973 - 3975$ zone is right above the Buy POC (highest value zone).
Entry (BUY): $3973 - 3975$
SL: $3968$
TP1: $3988$ | TP2: $4000
Buy Target 2: Buy when price retests the trendline around $4002$.
🔴 SELL Scenario (SELL Scalping) - Preemptive strike at resistance zone
Entry (SELL): $4032 - 4034$
SL: $4040$
TP1: $4022$ | TP2: $4015
📌 SUMMARY & DISCIPLINE (Liam's Note)With the $5,000 USD forecast and inflation factors, the risk of SELL is increasing.
Focus on BUY at POC $3973$ and absolute SL.
Trade responsibly and with discipline!
XAUUSD 15m Analysis (31st October 2025) TRADE IDEA SWING
Happy Friday guys, take it easy. Cheers
BUY/SELL SCENARIOS:
BUYS:
1) Body Candle Close the 4046.35 level.
2) Retest the 15m Bullish CHOCH at the 4046.35 level.
3) Create a 3/5m Bullish Engulfing Candle to capitalise on BUYS towards the 4144.50 level.
SELLS:
1) Body candle close below the 4016.34 level.
2) Retest the 15m Bearish CHOCH at the 4016.34 level.
3)Create a 3/5m Bearish Engulfing Candle to capitalise on SELLS towards the 3915.50 level.
Trade smart, Trade according to your trading plans guys.
Gold Prices Retreat from Record High- FOMC on TapGold prices are retreating from record highs with a decline of more than 11.3% now testing a major pivot zone at the 38.2% retracement of the August advance at 3973- looking for a reaction off this mark with a break / close below needed to suggest a more significant high is in place / a larger correction is underway. Subsequent support objectives rest with the 50% retracement / October open at 3846/59 with broader bullish invalidation steady at 3700/20.
Initial resistance remains with the 10/21 reversal close at 4125 with a breach / close above 4251 needed to mark resumption of the broader uptrend. Keep in mind this is a massive week for event risk with the FOMC, BoC, ECB, and the BoJ interest rate decisions on tap as the government shutdown extends into the fourth week. Stay nimble into the releases and watch the weekly close here for guidance.
-MB
XAUUSD - Will Gold Continue to Fall?!Gold is trading below the EMA200 and EMA50 on the 30-minute timeframe and is trading in its descending channel. The reduction in its downward momentum in the demand range will provide us with a better risk-reward buying position. A move towards the supply range above the channel will be our next short trade!
Gold prices fell below $4,000 per ounce for the first time since October 10, following a sharp $125 decline.
According to a Reuters survey, the average gold price in 2026 is expected to reach $4,275 per ounce, while silver prices are projected to average $50 per ounce in the same year.
For 2025, the survey anticipates an average gold price of $3,400, up from $3,220 in the previous poll, while the average silver price is forecasted to rise to $38.45 from $34.52 previously.
Analysts at Nomura stated that U.S.–China relations have entered a repetitive cycle of tension, escalation, and temporary détente, likely forming a “new normal” in the long term.
Lu Ting, Nomura’s chief China economist, noted that the world’s two largest economies appear to be settling into a predictable pattern of “strain–escalation–pause”, which may define the framework of their relationship in the foreseeable future.
Recent trade talks in Kuala Lumpur hinted at a temporary easing of friction, with both sides reportedly considering limited concessions, such as extending tariff suspensions and resuming soybean imports from the U.S.
However, deep-seated disputes remain unresolved — including export restrictions on rare earth elements, compliance with trade commitments, and broader geopolitical disagreements — all of which cloud the outlook for bilateral relations.
Lu cautioned that while short-term cooperation may continue due to mutual economic dependence, long-term strategic competition between Washington and Beijing is expected to intensify.
Nomura believes this recurrent cycle of conflict and reconciliation will likely become the enduring pattern of U.S.–China relations.
Such a backdrop implies persistent volatility in global markets, particularly in commodities and technology sectors, which are highly sensitive to trade developments between the two nations.
Investors should prepare for alternating periods of optimism and renewed tension.
Meanwhile, Donald Trump’s proposed tariffs against Canada may turn into a major self-inflicted setback, as the move faces both a legal challenge before the U.S. Supreme Court and bipartisan opposition.
Next week, the Supreme Court is set to hear a case focusing on Trump’s use of the International Emergency Economic Powers Act (IEEPA) to justify these tariffs. Trump initially invoked an emergency declaration related to fentanyl to impose them — despite the fact that such powers are typically reserved for sanctions against U.S. adversaries.
The case represents not only a test of the tariffs’ legality, but also a measure of Trump’s and MAGA’s influence over the Court.
Notably, Senator Lisa Murkowski, a Republican, joined over 200 Democrats in sending a letter to the justices urging them to strike down the tariffs.
The oral arguments are scheduled for November 5, and the final ruling, which could serve as a major market mover, is expected sometime next year.
Currently, prediction markets estimate a 38% probability that the tariffs will be overturned.
At the same time, Morgan Stanley reported that U.S. dollar positioning has turned positive for the first time in several months, reflecting renewed investor confidence in the U.S. economic outlook.
This shift comes amid rising political instability in Japan and France, which has diminished the appeal of non-dollar assets and strengthened capital flows toward the greenback.
Strategists at the bank added that demand for downside protection against the dollar has declined, indicating that investors perceive a low risk of a sharp correction in the near term.
Nevertheless, Morgan Stanley warned that this uptrend might not be sustainable — if U.S. economic data, particularly employment figures, fail to show significant improvement, the dollar could again face renewed downward pressure, and rate-cut expectations from the Federal Reserve could rise.
Finally, Treasury Secretary Scott Bassent confirmed that five candidates have been shortlisted to succeed Jerome Powell as Federal Reserve Chair:
Christopher Waller, Michelle Bowman, Kevin Warsh, Kevin Hassett, and Rick Rieder.
Bassent stated that one more round of interviews will take place, and he plans to submit the final shortlist to President Trump after Thanksgiving, with a final decision expected before year-end.
XAUUSD Bearish Short-Term, Bullish Longer-TermFundamental approach:
- Gold prices traded lower this week after setting fresh record highs earlier in Oct, pressured by profit-taking and cautious sentiment ahead of delayed US inflation data.
- Geopolitical uncertainty and expectations of further Fed easing continued to support underlying demand for safe havens in the longer term.
- US President Trump'sTrump's new sanctions on Russia and export restrictions toward China, alongside the prolonged US government shutdown, reinforced demand early in the week. At the same time, stabilization in trade rhetoric and rising yields curbed momentum later.
- However, a stronger US dollar and rising Treasury yields amid improved global risk appetite and optimism around an upcoming US. China dialogue also reduced safe-haven demand in the short term, especially with today's CPI, which is expected to rise.
Technical approach:
- Gold consolidated within the range of 4054-4113. The price is below the converging EMAs, indicating that a bearish momentum persists.
- If the XAUUSD breaches the support at 4054, the price may decline further toward the next support level at 3950.
- On the contrary, remaining above 4054 may prompt a retest of the upper range at 4143, confluenced with the EMA21.
Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness
Analysis of goldIn my opinion, gold’s deep correction is still ongoing, at least until the 3800 area, which could act as a strong support level.
There’s a possibility that the price might rise again, mainly due to news about issues between China and the U.S.
Under normal conditions, I don’t see any motivation for buyers, and the chart confirms this view. It’s better to wait until the price reaches the 3800 zone — taking positions on either side at the current levels is risky.
Long Term Gold Indicators Turning BearishSome of the long term indicators I check give me warning about 15%-20% correction possibility. With US - China deal done, I'm start to turn more bearish. If 4045 broken, the chances of 4000 support fail may not be low as I first thought. So I plan for a short entry from 4113 with 3.98 RR. For safer entry, 4045 break could be used, of course with shorter stop level, If 4113 won't be reached, I plan to post another short position version here.






















