[WEEKLY] ANFIBO | Gold XAUUSD - Purple or Gray? [11.24 - 11.28]
Hi guys, Anfibo’s here!
XAUUSD Weekly Trading Plan
Overall Picture:
XAUUSD is entering a critical phase as price continues to consolidate within a tightening structure, signaling that a major directional move is likely to occur next week. After a period of strong volatility, the market is now compressing energy between the upper and lower boundaries of the current range. This setup is textbook for a break–retest–continuation model, and that’s exactly why my strategy for the upcoming week revolves around two clear scenarios: the “purple arrow” plan and the “grey arrow” plan.
The market will reveal its next major direction once either the upper boundary is broken or the lower boundary gives way. Until that happens, there is no reason to pre-commit to a biased direction — we trade what price confirms, not what we predict.
Trading Plan for Next Week:
We will react based on breakout confirmation:
>>> Scenario #1: Break ABOVE the range – Follow the “Purple Arrow” plan (BUY)
If gold pushes through the upper boundary with strength and confirms a retest, we will switch to a bullish continuation plan.
Key Resistance Levels to Watch: 4147, 4243, 4340, 4356, 4377.
A clean break above structure opens the path back into macro bullish territory, where gold may attempt to revisit or even surpass recent highs.
>>> Scenario 2: Break BELOW the range – Follow the “Grey Arrow” plan (SELL)
Once price breaks and retests the lower boundary, we will look for sell setups targeting the ladder of support levels outlined below.
Key Support Levels to Watch: 4000, 3917, 3890, 3862, 3820, 3793, 3760
A bearish breakout from the range could trigger a multi-wave continuation pattern, giving us multiple opportunities to scale in according to structure.
Risk Management:
Trade only after confirmed breakouts — avoid guessing tops and bottoms.
Keep tight SLs on retests to avoid liquidity hunts common during range boundaries.
Maintain Risk:Reward ≥ 1:2 across all setups.
Prioritize clean structure; avoid trading inside the choppy middle zone of the range.
Reassess bias immediately if the breakout fails or re-enters the range.
Conclusion:
Next week’s market will be all about patience and reaction, not prediction. With gold coiling tightly, a breakout is imminent, and both the “purple arrow” (bullish) and “grey arrow” (bearish) plans give us a clear and disciplined roadmap. Whether price breaks upward or downward, we already know exactly where our key levels are and how we will execute. Stick to structure, wait for confirmation, and let the market choose the direction for us.
HAVE A POWERFUL NEW WEEK, GUYS!
XAUUSD Weekly Trading Plan
Overall Picture:
XAUUSD is entering a critical phase as price continues to consolidate within a tightening structure, signaling that a major directional move is likely to occur next week. After a period of strong volatility, the market is now compressing energy between the upper and lower boundaries of the current range. This setup is textbook for a break–retest–continuation model, and that’s exactly why my strategy for the upcoming week revolves around two clear scenarios: the “purple arrow” plan and the “grey arrow” plan.The market will reveal its next major direction once either the upper boundary is broken or the lower boundary gives way. Until that happens, there is no reason to pre-commit to a biased direction — we trade what price confirms, not what we predict.
Trading Plan for Next Week:
We will react based on breakout confirmation:
>>> Scenario #1: Break ABOVE the range – Follow the “Purple Arrow” plan (BUY)
If gold pushes through the upper boundary with strength and confirms a retest, we will switch to a bullish continuation plan.
Key Resistance Levels to Watch: 4147, 4243, 4340, 4356, 4377.
A clean break above structure opens the path back into macro bullish territory, where gold may attempt to revisit or even surpass recent highs.
>>> Scenario 2: Break BELOW the range – Follow the “Grey Arrow” plan (SELL)
Once price breaks and retests the lower boundary, we will look for sell setups targeting the ladder of support levels outlined below.
Key Support Levels to Watch: 4000, 3917, 3890, 3862, 3820, 3793, 3760
A bearish breakout from the range could trigger a multi-wave continuation pattern, giving us multiple opportunities to scale in according to structure.
Risk Management:
Trade only after confirmed breakouts — avoid guessing tops and bottoms.
Keep tight SLs on retests to avoid liquidity hunts common during range boundaries.
Maintain Risk:Reward ≥ 1:2 across all setups.
Prioritize clean structure; avoid trading inside the choppy middle zone of the range.
Reassess bias immediately if the breakout fails or re-enters the range.
Conclusion:
Next week’s market will be all about patience and reaction, not prediction. With gold coiling tightly, a breakout is imminent, and both the “purple arrow” (bullish) and “grey arrow” (bearish) plans give us a clear and disciplined roadmap. Whether price breaks upward or downward, we already know exactly where our key levels are and how we will execute. Stick to structure, wait for confirmation, and let the market choose the direction for us.
HAVE A POWERFUL NEW WEEK, GUYS!
Trade geschlossen: Ziel wurde erreicht
So the Purple was right! We hit more than 2200 PIPS so sweet!!!
>>> Scenario #1: Break ABOVE the range – Follow the “Purple Arrow” plan (BUY)
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Verbundene Veröffentlichungen
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.