Gold under pressure below $4,000Gold’s losses at the end of October came as expectations for rates to rise more in 2027 solidified although volatility for tech stocks didn’t provide much support. The Fed is likely to hike again on 9 December.
The price still hasn’t clearly broken through support around $3,950-4,000, the area of the 50% weekly Fibonacci retracement, while the slow stochastic and Bollinger Bands both clearly signal oversold, so it’d be possible to a see some degree of bounce before possible continuation lower.
Futures market
GOLD VIEW(DAILY TF)**XAUUSD (Gold Spot) Chart Overview (1D Timeframe)**
* **Current Status:** Trading at **3,952.39** (+1.99%).
* **Key Resistance/Trigger Level:** Marked around **4,092.00** (light blue line).
* *Note on chart:* "If it crosses & holds 4092, might have a tough time going up" / key inflection threshold.
* **Support / Demand Zone:** Immediate lower boundaries marked by the brown and red horizontal zones (spanning roughly down toward **3,851** to **3,520** levels).
Brent Crude Oil Wave Analysis – 2 November 2026– Brent Crude Oil reversed from strong resistance level 113.20
– Likely to fall to support level 105.00
Brent Crude Oil recently reversed down from the resistance zone between the strong resistance level 113.20 (which stopped wave (A) in March and wave B at the start of May), the upper daily Bollinger Band and the resistance trendline of the daily up channel from August.
The downward reversal from this resistance zone completed the impulse wave (iii) and started the active correction (iv) of t
Gold in Oversold Territory: Can the Monthly OB Trigger a Bounce?Gold has been under heavy selling pressure after the latest U.S. data strengthened expectations that the Fed may keep rates higher for longer. Q3 GDP came in stronger than expected, while inflation remained a concern, putting pressure on non-yielding gold. Source
On the 1H chart, XAUUSD has dropped sharply toward a monthly order block around $3,820–$3,870. RSI is near 17.85, and I’ve marked a possible bullish divergence. This could support a relief bounce, but I’m not treating oversold conditio
CL breaks out with a potential cup and handle pattern!!Crude oil has been consolidating in the current week (19-22 October). The crude price broke out of the consolidation on 23rd October (Friday) session with volume and momentum.
The bull run that started on 6th October ($87) seems to have formed a cup and handle pattern and the price pulled back aggressively after hitting the neckline on 20th October and the further consolidation formed the handle.
The price broke out of the neckline in the Asian session today (23rd October) and have been moving
Weekly review: XAUUSD, #SP500, #BRENT | November 6, 2026XAUUSD: SELL 3901.430, SL 3981.430, TP 3721.430
For gold, the main test of the week will be US employment data and its impact on rate expectations. The Fed maintained the range of 3.75–4.00%, noting strong economic growth and elevated inflation. As long as the risk of further tightening remains significant, the metal, lacking interest income, faces competition from dollar-denominated assets.
Uncertainty surrounding the Congressional elections supports safe-haven demand but does not eliminate
XAUUSD H1 — Bearish Retest Ahead? 3980 Is the Key ZoneGold is attempting to recover after an aggressive bearish expansion, but the latest H1 structure suggests that the recovery may still be corrective rather than the beginning of a sustained reversal.
After breaking through several structural support levels, XAUUSD dropped toward 3870–3880, where price encountered a strong support zone. The subsequent rebound pushed gold back toward 3943, with a bullish CHoCH appearing around the 3900 area.
This creates an interesting situation: short-term momen
Nasdaq futures retest the broken October low near 29,000Nasdaq 100 futures bounce about 0.9% today after Friday's sharp drop. The question is where that bounce runs into trouble, and the chart gives a clear answer: the old October low around 29,000.
What the daily chart shows:
• Lower highs since early October: 31,617 → 30,178 (27 Oct). The dashed line connects them.
• The October lows at 28,987-29,033 held for two weeks. Friday broke them with a close at 28,534 and a low of 28,233.
• That low stopped just above the 200-day MA (~28,080). The 50-day
GOLD Will Move Lower! Short!
Please, check our technical outlook for GOLD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 3,943.31.
Considering the today's price action, probabilities will be high to see a movement to 3,856.09.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is tr
XAUUSD BUY Setup (4H)Gold is attempting a bullish recovery after a sharp sell-off toward the $3,880 support zone. The recent rebound suggests a possible short-term bounce, with the first key resistance around $3,960.
🎯 Take Profit: $4,110.39
🛑 Stop Loss: $3,881.47
📍 Entry Zone: Around $3,934–$3,943
⚠️ The overall trend remains bearish, with price still trading below the descending trend structure. This is a countertrend buy, so bullish confirmation is essential before expecting a sustained recovery.
A break above
CRUDE OIL: TWO MARKETS, ONE BEARISH MESSAGE— AND THE MARKET NEVER SLEEPS! 🐻
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Both are trading around $99.70, and both are displayi
GOLD BEST PLACE TO SELL FROM|SHORT
GOLD SIGNAL
Trade Direction: long
Entry Level: 3,912.53
Target Level: 3,856.47
Stop Loss: 3,949.89
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
✅LIKE AND COMMENT MY IDEAS✅
Gold (XAUUSD)Gold has reached the lower boundary of its descending channel, completing a well-structured and highly symmetrical AB=CD pattern.
Although my overall outlook remains bearish and I still expect further downside, a short-term bullish correction could develop from this area.
This potential rebound may provide an attractive counter-trend buying opportunity, allowing us to take advantage of the upward correction before the broader downtrend potentially resumes.
XAUUSD Gold: Bullish Breakout Setup | Key Targets 391 &3917Gold is currently consolidating within a short-term range while respecting an ascending trendline support. Price action suggests that buyers are attempting to maintain bullish momentum after the recent recovery.
The highlighted consolidation zone is important. A strong bullish breakout above the range could open the door for further upside movement toward the next resistance levels.
🎯 Upside Targets:
Target 1: 3911.52
Target 2: 3917.61
Key Levels to Watch:
Immediate Support: 3894–3896
Tre
GOLD analysisBullish indications:
Weekly candle indicates ihammer candle.
Ihammer candle formation in daily.
Moring star candle formation in 1 hr
major support area being respected and
bullish divergence in 30 mn as well .
AB=CD is complete until the fall and now reversal expected as well.
Bearish indications:
LLLH
major support broken from this area
shooting star from resistance area in 15 min
so the important thing here is to wait until the resistance breaks to enter the trade and there is a possi
XAU/USD Gold Market In-Depth Analysis | Bearish Structure and ReXAU/USD Gold Market In-Depth Analysis | Bearish Structure and Rebound Trajectory
📊 Recently, gold prices have repeatedly hit new local lows, retreating from above 4060 to the vicinity of 3870. The overall bearish structure remains dominant. Gold is currently fluctuating around 3906; while it has recovered from its previous low, the rebound momentum is constrained by a downward trend line, and no substantive trend reversal has yet taken shape.
📉 Technical Structure: In the short term, focus on























