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DRAGONEAGLE_FX
GOLD tonight market will open chart pattern shows that market will go up
Xayah_trading
XAUUSD If the price trades above the 4,045 resistance level, it may recover to 4,150, and a break above this level could push it toward 4,250.
However, if the price falls below 3,900, there is a risk of a sell-off, potentially dragging it down to around 3,750.
Snapshot
XAUUSD tradingview.com/x/FLsnAP0e/

Latest gold analysis and trading strategies:

I. Core View

Trend Judgment: Gold is expected to show oscillatory and back-and-forth movements next week, generally biased towards rushing higher then pulling back. Momentum is limited after the strong rise, with significant overhead pressure, warranting vigilance against correction risks.

Key Drivers:

Bullish Factors: The Fed's rate cut has enhanced gold's appeal.

Bearish/Uncertainty Factors: Fed Chair Powell's hawkish signals, suggesting a December rate cut is not guaranteed, are capping the upside potential for gold prices. Market分歧 between bulls and bears is intensifying.

II. Technical Analysis Essentials

Current Pattern: A "bullish engulfing" candlestick formed on the daily chart, but the failure to maintain strength on Friday indicates weakening bullish momentum.

Key Levels:

Strong Resistance Zone: 4030 - 4060 area. A break above could lead to a further test of the 4080 - 4090 area, which represents trendline resistance and is an ideal level to consider short positions.

Core Support Zone: 3970 - 3960 area. A break below this zone targets the 3940 - 3950 area.

Medium-Term Pivot Point: 3915 - 3920 area. A decisive break below this zone would confirm a bearish trend, opening the door for a larger decline towards 3885 - 3890.

III. Trading Strategy Recommendations

Primary Approach: Focus on selling high (going short) on rallies.

Short Strategy (Primary):

Entry Zone: Look to initiate short positions in batches within the 4030 - 4060 range during price advances.

Ideal Shorting Level: If the price rallies to the 4080 - 4090 zone, it presents a better risk-reward opportunity for short entries.

Target: Aim for 3970 - 3960, and hold towards 3940 if broken.

Stop Loss: Place above key resistance levels (e.g., above 4060 or 4090).

Long Strategy (Secondary):

Entry Zone: Consider light long positions near the 3970 - 3960 support area to capture a bounce.

More Robust Long Level: A pullback to the 3940 - 3950 zone can be viewed as a safer opportunity for short-term long trades.

Target: Look towards 4010 - 4030.

Stop Loss: Place below key support levels (e.g., below 3950).

IV. Risk Warning

Closely monitor subsequent speeches from Fed officials and US economic data. Any clear signals regarding the interest rate path could trigger significant market volatility.

If gold breaks strongly above 4090 and sustains, a reassessment of the short strategy is necessary, as it could indicate renewed upward momentum.

If gold directly breaks below the key 3915 - 3920 support, follow the bearish trend.

Summary: Exercise caution in gold trading next week, avoid chasing rallies or selling panics. The preferred strategy is to look for shorting opportunities when prices rebound to key resistance levels, trade swiftly, and strictly use stop losses to control risk.
Snapshot
DilutionCalls
GOLD jolts and PMI out Monday Bullish numbers

49.5 (slight beat ) on PMI Jolts (7.65 million) slight miss don’t forget