Market Review: Gold closed up 1.48% on Friday at $4219 per ounce, up 3.8% for the week, marking its fourth consecutive monthly gain.
Driving Factors:
Increased expectations of a December rate cut by the Federal Reserve; Supply chain tensions + declining inventories; Continued central bank gold purchases and safe-haven demand.
Technical Analysis: Gold:
Daily chart shows a breakout from the consolidation range, with moving averages in a bullish alignment.
Buy at 4170-4175, stop loss at 4160, target 4220-4245.
Sell lightly at 4240-4245, stop loss at 4253, target 4200-4180.
Next Week's Focus: Major Data:
Monday: Global Manufacturing PMI
Wednesday: US ADP Employment and Services PMI
Friday (Important): US PCE Inflation Data
Strategy:
If the PCE data is lower than expected, gold may rise further.
Hold the 4150 support level and maintain a buy-on-dips strategy.
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XAUUSD XAUUSD – Steven | Elliott Wave completed on H4, watching for a pullback before continuing to buy
Quick Summary – Main Outlook
Gold on the H4 timeframe remains in a strong uptrend. The market has just completed an Elliott Wave pattern together with an inverse Head–and–Shoulders formation, signalling that buyers are still firmly in control.
Preferred Setup: Look for buying opportunities around 4,183–4,186
Stop Loss: 4,175
Targets: 4,220 – 4,265 – 4,290 – 4,300
Invalidation: Any H4 candle closing below 4,175
This zone is considered an ideal pullback area to join the ongoing bullish structure. A clean rejection from this region could offer a continuation entry toward the next upside targets.
XAUUSD XAUUSD – H4 Fibonacci Supports the Uptrend, Favouring POC-Based Buy Setups for Next Week 🎯 Primary Trading Setup – Buy the Dip Using Fibonacci & POC
Preferred Buy Zone: around 4,187
Stop Loss: 4,175
Projected Targets: 4,225 – 4,240 – 4,290 – 4,300
This setup aligns with the current bullish structure on the H4 timeframe, where Fibonacci extension levels suggest multiple profit-booking zones ahead. Pullbacks into the POC area offer a better entry opportunity compared to buying at extended highs.
XAUUSD ✨ XAUUSD (1–5 December) – Breakout Completed, Looking for New Trend-Following Buy Opportunities
🔶 Weekly Trading Plan – BUY Bias Based on your key price zones and the current market structure, the outlook for the week remains bullish. Instead of chasing high prices, the focus is on entering from a cleaner discount zone.
🎯 Primary Buy Setup – Trade with the Trend
Preferred Buy Area: around 4,150
Stop Loss: 4,138
Targets: 4,245 and 4,375
The 4,150 zone acts as a favourable pullback region where buyers are likely to re-enter the market. If price reaches this level and holds, it offers a strong opportunity to join the ongoing upward trend.
XAUUSD The Base or sideways movement in this area is one sign of accumulation happened which indicates Institutional Participation and the Levels 4233/4245 will be taken out., and will move towarrds 4366 / 4381. XAUUSD