Stop Loss (SL): ❌ $3,930 — Below FVG zone for safety
Confirmation: ✅ Wait for bullish rejection candle or EMA breakout above $4,000 ✅ Break above rejection line = strong buy confirmation
Risk–Reward Ratio: ≈ 1:4
Summary: Buy on dip near $3,940 zone aiming for $4,138. Momentum will strengthen if price breaks and holds above the EMAs and rejection line. SI1!CL1!NQ1!NIFTY1!
GOLD Global macro factors are influencing sentiment. Strength in the US Dollar and comments on monetary policy are keeping traders cautious. Meanwhile, geopolitical uncertainty and inflation expectations continue to create intermittent demand for safe-haven assets.
XAUUSD Waited for the daily close - Here’s the take - After the hourly drop yesterday, gold recovered and closed just above the 4000 mark at 4003, showing how tightly the market is coiling for a major breakout next week. The setup looks primed for strong volatility in both directions before a decisive move by Friday. From a broader view, the monthly candle printed a 350$ - plus rejection after months of Impulsive gains, signaling that upside momentum has cooled and the broader bias remains slightly bearish unless proven otherwise. With price ending in the dead range, Monday and Tuesday will be crucial sessions that set the tone for the week. Both sides remain open an upside extension toward 4110 or an aggressive downside sweep to 3840. Given the volatility backdrop and monthly rejection, structure still favors caution until the market confirms its path. Trade safe.
XAUUSD ✅Gold Trading Strategy | October 31 🔰 If gold rebounds to 4010-4015 and shows rejection, consider scaling into short positions, targeting 3980-3960. 🔰 If gold drops to3945-3950 and stabilizes, consider light-lot long positions, targeting 3980-4000. tradingview.com/x/WTYzwImu/