XAUUSD – TWO MAIN SCENARIOS FOR THE DAY: MONITOR REACTIONS ...
💛 XAUUSD – TWO MAIN SCENARIOS FOR THE DAY: MONITOR REACTIONS AT THE TRENDLINE 🎯
🌤 1. Overview
Hello everyone 💬
Gold is currently waiting at the H4 trendline, indicating the market lacks the volume to decide the next direction.
Although the price is adjusting after the drop from the 4,400 USD region, the larger trend is still supported by strong buying flows from central banks.
💹 Market Context
According to Goldman Sachs, the current decline is only temporary, as the demand for gold as a safe haven asset continues to rise:
U.S. bond yields are decreasing
USD is weakening
The U.S. economy is under pressure from unemployment and inflation
In September alone, central banks purchased 64 tons of gold, and forecasts suggest that November may continue the strong accumulation trend.
💹 Technical Analysis
📉 If Gold breaks below the trendline → the market will trigger strong selling pressure, pulling back to the 395x region, where there is low liquidity and significant support.
📈 Conversely, if the price holds the trendline and volume pushes up, a short-term upward structure will form.
📌 The 4068 level is a key point — if the price retests this area and falls back, Buy is only activated when it returns to 4034.
🎯 Reference Trading Scenarios
🔻 SELL – When breaking the trendline (priority if volume is strong)
Sell 4036–4038 │ SL: 4044
TP: 4010 → 3995 → 3970 → 3945
🔹 BUY – Strong support 395x
Buy 3952–3954 │ SL: 3957
TP: 3975 → 3995 → 4030
🔸 BUY to maintain trend (if price rebounds at 4068)
Buy at 4034 after confirmation signal
⚠️ Important Note
Volume is low, the market can easily sweep stops, so enter trades with small volume.
The larger trend is still supported by central bank flows, but in the short term, Gold can fluctuate strongly around the trendline.
Prioritize trading based on price reactions at key areas rather than predicting the direction in advance.
🌷Gold is in a sensitive phase at the H4 trendline 💛
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source https://www.tradingview.com/chart/XAUUSD/C22dajfv-XAUUSD-TWO-MAIN-SCENARIOS-FOR-THE-DAY-MONITOR-REACTIONS/
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