⏰ Timeframe: 30m
📅 Update: 11/20/2025
🔍 Market Context
After the technical rebound at the beginning of the week, gold returns to adjust within the descending channel pattern, indicating that short-term upward momentum is temporarily weakening.
The current structure reflects a rebalancing state after the price was rejected at the 4,127 USD supply zone – coinciding with the 30-minute frame Supply Zone.
However, the Demand Zone below still plays an important role in maintaining the medium-term upward structure.
📊 Technical Structure
Supply Zone (4,127 USD): main resistance area, confluence with the nearest peak – where the price was strongly rejected during the Asian session.
OB Bearish (4,106 USD): short-term supply area, highly likely to be retested after completing the adjustment phase.
Demand Zone (4,013 USD): main support area in the descending channel, also the confluence point between the channel boundary and the lower liquidity zone.
Liquidity Sweep: signal indicating that lower liquidity has been absorbed, opening up the possibility of forming a higher low.
🎯 Market Outlook
High probability scenario:
1️⃣ Price continues to fluctuate within the descending channel, retesting the 4,013 USD Demand Zone.
2️⃣ If a clear price reaction occurs, the market is likely to break the channel, opening up a technical rebound to OB Bearish 4,106 USD or Supply Zone 4,127 USD.
3️⃣ Losing the 4,013 USD area will temporarily invalidate the rebound structure, bringing the price back to a lower balance area around 3,990 USD.
🧠 Analyst’s View
Gold is in a corrective pullback phase – where the market needs to regenerate liquidity before forming a new expansion wave.
A reasonable scenario is sweep – retest – expansion: sweep lower liquidity, retest the supply area, then determine the main trend for the end of the week.
Buyers still have a slight advantage as long as the Demand Zone is maintained.
🛡️ Risk Note
This is a phase of market liquidity accumulation, fluctuations may be erratic.
📅 Update: 11/20/2025
🔍 Market Context
After the technical rebound at the beginning of the week, gold returns to adjust within the descending channel pattern, indicating that short-term upward momentum is temporarily weakening.
The current structure reflects a rebalancing state after the price was rejected at the 4,127 USD supply zone – coinciding with the 30-minute frame Supply Zone.
However, the Demand Zone below still plays an important role in maintaining the medium-term upward structure.
📊 Technical Structure
Supply Zone (4,127 USD): main resistance area, confluence with the nearest peak – where the price was strongly rejected during the Asian session.
OB Bearish (4,106 USD): short-term supply area, highly likely to be retested after completing the adjustment phase.
Demand Zone (4,013 USD): main support area in the descending channel, also the confluence point between the channel boundary and the lower liquidity zone.
Liquidity Sweep: signal indicating that lower liquidity has been absorbed, opening up the possibility of forming a higher low.
🎯 Market Outlook
High probability scenario:
1️⃣ Price continues to fluctuate within the descending channel, retesting the 4,013 USD Demand Zone.
2️⃣ If a clear price reaction occurs, the market is likely to break the channel, opening up a technical rebound to OB Bearish 4,106 USD or Supply Zone 4,127 USD.
3️⃣ Losing the 4,013 USD area will temporarily invalidate the rebound structure, bringing the price back to a lower balance area around 3,990 USD.
🧠 Analyst’s View
Gold is in a corrective pullback phase – where the market needs to regenerate liquidity before forming a new expansion wave.
A reasonable scenario is sweep – retest – expansion: sweep lower liquidity, retest the supply area, then determine the main trend for the end of the week.
Buyers still have a slight advantage as long as the Demand Zone is maintained.
🛡️ Risk Note
This is a phase of market liquidity accumulation, fluctuations may be erratic.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.