I. BASIC CONTEXT
On November 10, 2025, gold prices surged after the market reacted positively to news of the U.S. government reopening.
The current market sentiment expects the FED to cut interest rates soon as recent economic data indicates a weakening U.S. economy.
Lower interest rates mean cheaper money, a weaker USD, thereby driving funds into safe-haven assets like gold.
The current rally is seen as a news-based pullback, potentially extending to key resistance areas before the market establishes a medium-term trend.
II. TECHNICAL ANALYSIS
Main timeframe: H2
Market structure:
Gold prices have broken out of the accumulation triangle pattern.
Formation of an Inverse Head and Shoulders pattern → signaling the correction phase has ended.
III. TRADING SCENARIOS
✅ Main scenario: WATCH TO BUY THE TREND (BUY THE DIP)
Trend expectation: Prices continue to extend the pullback to resistance areas 4180–4220.
Buy zones (BUY ZONES):
Zone 4105–4103 (near old H2 resistance → becoming new support).
Zone 4115–4116 (confirmation area post-breakout).
Deeper zone: 407x – 405x (Fib 0.618, trendline confluence area).
If prices retest the H2 structure: 4040 – 4035.
Buy stop:
When prices break through the 416x area with strong candle force → a buy stop can be placed to follow the breakout momentum.
Note to check the timing and candle force on H2/M30 to confirm momentum.
⚠️ Alternative scenario: WATCH TO SELL REACTION
If clear signs of weakness appear at resistance, consider a short SELL reaction at:
4180–4185
4205–4220
These are potential profit-taking areas for the current pullback wave.
IV. RISK MANAGEMENT
Stop Loss (SL): 10 points
Take Profit (TP): 10–12–13 points depending on setup
RR ratio: 1:1 – 1:1.3
Prioritize capital management according to the principle R ≤ 1% account/order.
Additionally, monitor news on Mr. Trump's actions during this period.
The U.S. government has reopened this week, so expect a fair amount of news, stay alert.
Trade effectively
On November 10, 2025, gold prices surged after the market reacted positively to news of the U.S. government reopening.
The current market sentiment expects the FED to cut interest rates soon as recent economic data indicates a weakening U.S. economy.
Lower interest rates mean cheaper money, a weaker USD, thereby driving funds into safe-haven assets like gold.
The current rally is seen as a news-based pullback, potentially extending to key resistance areas before the market establishes a medium-term trend.
II. TECHNICAL ANALYSIS
Main timeframe: H2
Market structure:
Gold prices have broken out of the accumulation triangle pattern.
Formation of an Inverse Head and Shoulders pattern → signaling the correction phase has ended.
III. TRADING SCENARIOS
✅ Main scenario: WATCH TO BUY THE TREND (BUY THE DIP)
Trend expectation: Prices continue to extend the pullback to resistance areas 4180–4220.
Buy zones (BUY ZONES):
Zone 4105–4103 (near old H2 resistance → becoming new support).
Zone 4115–4116 (confirmation area post-breakout).
Deeper zone: 407x – 405x (Fib 0.618, trendline confluence area).
If prices retest the H2 structure: 4040 – 4035.
Buy stop:
When prices break through the 416x area with strong candle force → a buy stop can be placed to follow the breakout momentum.
Note to check the timing and candle force on H2/M30 to confirm momentum.
⚠️ Alternative scenario: WATCH TO SELL REACTION
If clear signs of weakness appear at resistance, consider a short SELL reaction at:
4180–4185
4205–4220
These are potential profit-taking areas for the current pullback wave.
IV. RISK MANAGEMENT
Stop Loss (SL): 10 points
Take Profit (TP): 10–12–13 points depending on setup
RR ratio: 1:1 – 1:1.3
Prioritize capital management according to the principle R ≤ 1% account/order.
Additionally, monitor news on Mr. Trump's actions during this period.
The U.S. government has reopened this week, so expect a fair amount of news, stay alert.
Trade effectively
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.