Gold futures broke a big support level around $3970Gold futures broke a big support level around $3970
We might back test the $3588 area of next support
Important economic events coming up:
Nov 3 - US Midterm elections
Nov 4 - ADP Non-farm employment and EI oil inventories
Nov 5 - Jobless claims
Nov 10 - CPI data
December FOMC - There could be enough job losses from tech sector and the
FOMC could start to be dovish, which would turn gold around.
Seasonality favours gold in December and January
Futures market
Gold futuresOver the past four weeks, gold futures extended their decline and hit a new 52-week low. Gold is also testing the $3,900 support level; a successful break below this mark would set a target toward the $3,000–$3,200 support zone—levels last seen in May of last year.
Long-term trend: Down
Resistance level: $4900
Support level: $3900-$4000
Brent FuturesBrent crude futures posted a notable gain in October, approaching a one-year high around 120. With the long-term trend firmly bullish, there is a high probability of further upside. Finally, it is worth noting other bullish drivers for “black gold”: (1) the ongoing military conflict in the Middle East and the closure of the Strait of Hormuz, and (2) global oil inventories remaining at multi-year lows.
Long-term trend: Up
Resistance level: $120
Support level: $95
S&P 500 FuturesOver the past month, the S&P 500 index futures have begun a downward correction after updating their all-time high. Although it has reached a local support level at 7,500, a drop to 7,200–7,300, where the 200-day moving average lies, cannot be ruled out. This scenario is also supported by the similarity between the current situation and 2018, when the index also began to decline in October, a trend that lasted until almost the end of the year.
Long-term trend: Up
Resistance level: $7900
Support
XAUUSD: $3,750 Support Test Before Major Trend Rebound FloorIntroduction & Overview:
Gold Spot (XAU/USD) is currently experiencing intense downside volatility, accelerating downward through a massive sell-off to trade near the $3,875.65 level. Following an aggressive rejection off the upper boundary of its macro descending channel, precious metals have broken through key horizontal demand zones in a multi-session flush. As real yields shift and institutional market participants liquidate long exposure ahead of upcoming monetary policy events, XAU/USD is
XAUUSD | 15M Bullish Reversal From Multi-Week Support ZoneGold has reached a significant support area around 3880 - 3905, a zone that has previously acted as a major reaction point within the broader structure. After an extended bearish decline inside the descending channel, price is now testing the lower boundary of the range while approaching a key liquidity area.
The recent selloff appears to have pushed price into a discount zone where buyers may begin showing interest. The marked scenario highlights a potential bullish recovery from support, with
XAU/USD (4H): Clean Breakdown Below $4,000 — Eyeing Liquidity?XAU/USD (4H): Clean Breakdown Below $4,000 — Eyeing Liquidity at $3,897
Gold (XAU/USD) has broken cleanly below the pivotal $4,000 psychological threshold and the recent consolidation shelf, printing strong bearish displacement along the sloping trendline.
#### The Structural Breakdown & Game Plan
* **Higher-Timeframe Rejection:** Following the macro distribution at the **$4,200** supply zone and the breakdown of the primary support shelf at **$4,120**, Gold transitioned into an aggressive be
NATGAS: Short Signal with Entry/SL/TP
NATGAS
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short NATGAS
Entry Point - 3.066
Stop Loss - 3.090
Take Profit - 3.026
Our Risk - 1%
Start protection of your profits from lower levels
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SILVER: Will Start Growing! Here is Why:
Looking at the chart of SILVER right now we are seeing some interesting price action on the lower timeframes. Thus a local move up seems to be quite likely.
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Latest Analysis and Trading Plan for Gold
The Federal Reserve's October policy meeting has concluded, with interest rates left unchanged as widely expected. Although policymakers maintained a relatively hawkish tone, emphasizing persistent inflation concerns and showing little urgency to cut rates, the overall message did not deliver a major negative surprise for gold.
As a result, gold experienced wide intraday swings before closing modestly higher. In my view, market sentiment remains cautious, with neither bulls nor bears willing
Open Legacy Layer Master OfficialLayer Master Official: where to layer, using the same settings as Open Legacy (Europe/Dublin)
Open Legacy Layer Master Official draws one box on your chart showing where adding a small extra trade (a layer) to an Open Legacy trade could make sense. It is a visual guide only, and layering always adds risk. This idea shows how to set it up beside Open Legacy Official with the five setups I trade.
What the colours mean
- Teal: not reached yet, or conditions not ideal
- Green: price is in the box
Open Legacy Scoreboard OfficialOpen Legacy Scoreboard Official: How to check your settings with the Scoreboard (5 pairs, Europe/Dublin)
Before you trust any settings, test them on your own chart. Open Legacy Scoreboard Official replays Open Legacy Official's signals across your history and scores them, so you can see how a set of settings behaved. This idea shows how to use it with the five setups I trade.
Step by step
1. Open the pair's chart at the timeframe below and add Open Legacy Official.
2. Add Open Legacy Scoreboar
Open Legacy OfficialOpen Legacy Official: starting settings for 5 pairs and a weekly session plan (Europe/Dublin)
Open Legacy Official draws one fixed Entry, Take Profit and Stop Loss when a setup is confirmed. This idea shows the settings and session times I use for five instruments, so you can set it up in a few minutes and adjust it to your own style.
How I found them
I tested these on about 11 weeks of 15 minute data (10 August to 28 October 2026), with spread included. That is a small sample, and I picked th
XAUUSD Update GOLD next potential supportGold price movements last week pushed the price down, breaking through the support level at 3940.
Gold broke below the $3,940 support level last week due to a mix of hawkish Federal Reserve rate expectations, persistent US inflation, rising oil prices, and tech-stock-driven market turbulence.
In this current analysis, let’s look at the next potential support levels: at the price of 3837 or 3827.
Stay carefully for a potential retracement.
Happy trading and God Bless !
XAUUSD BUY REVERSAL SETUP | Descending Channel Breakout, 4025AUUSD – GOLD TECHNICAL ANALYSIS
BEARISH TREND
POTENTIAL BUY REVERSAL
Timeframe: 30 Minutes (M30)
1. Market Structure
- Gold is moving inside a descending channel, showing clear bearish momentum.
- Strong selling pressure has pushed price below previous support levels.
- Price is approaching a potential liquidity and demand zone around 3861.
- A bullish recovery is possible if buyers defend this area.
2. Key Support & Resistance
Level Price
Resistance 1 3950.000
Resistance 2 4025.160
Support 1
GIFT NIFTY 50 FUTURES - DOUBLE BOTTOM (W) PATTERN | 4HGIFT NIFTYGIFT NIFTY 50 FUTURES - DOUBLE BOTTOM (W) PATTERN | 4H
Pattern: Classic W - Double Bottom
Structure:
1st Bottom: 22,205 on Oct 8
2nd Bottom: 22,450 on Oct 24
Neckline: 23,558 (Red Line)
Current: 23,242
Confirmations:
- RSI 62 -> 69 Bullish Momentum
- 5 EMA Crossed 30 & 50 EMA
- Price Above 200 EMA (Blue Line) First Time Since Sep
- Volume Rising on 2nd Bottom - Accumulation
Pattern Status: Neckline ke paas, breakout pending
Invalidation: 22,205 Low Break
Disclaimer: Educational only. Not S
USOIL | Oil Rises on Renewed Iran Supply FearsMacro approach:
- Oil prices extended gains as reports of renewed US action against Tehran heightened supply concerns.
- US and Israeli officials have reportedly prepared plans for a campaign targeting Tehran’s energy infrastructure after the midterm elections.
- Prices may remain supported as Washington dismisses talks with Tehran, keeping supply risks elevated.
Technical approach:
- After restesting EMA21, USOIL rebounded toward the previous swing high. The price is above both diverging bulli
XAUUSD: Descending Triangle Breakdown, Trading the $4,000 RetestFundamental outlook
U.S. Q3 GDP grew 3.4%, while September PCE inflation reached 3.6% YoY, with core PCE at 3.1%. Strong economic growth and persistent inflation could keep the Fed cautious, putting pressure on gold as traders reassess interest-rate expectations
Technical analysis
On my daily chart, XAUUSD formed a descending triangle, with lower highs pressing against horizontal support around $4,000
Price has broken below this support and is trading beneath the 20, 50, and 200 EMAs, sup
GOLD | Weekly Correction Near a Key Fibonacci Zone — What's Next**GOLD | Weekly Technical Analysis**
**Market Structure**
After an extended bullish rally, Gold has entered a corrective phase, pulling back from its recent all-time highs. Price is now approaching a major technical support area, where the current correction could potentially find a floor.
**Key Zone**
The 3,800–3,950 region represents an important demand area, supported by the 0.786 Fibonacci retracement level.
This zone is particularly significant as it could act as a potential support ar
Weekly Review (Nov 2-6): EUR, Aussie, Franc & GoldWeekly review for November 2–6. Not signals, just how I read the tape with the Conflux Method: structure (Reaction Levels), order flow (cluster / delta) and options data.
Context: a loaded event week. The RBA on Tuesday (NZ already cut, so a cut or an unchanged hold both read as Aussie-negative), the US Congress and Senate elections on Wednesday as the main driver, the Bank of England, and the NFP on Friday (consensus ~63k; a print above ~100k is dollar-positive, soft/negative prints squeeze th
GOLD: Bearish Trend Continues — Is $3,945 the Next Short Move?
Gold is approaching another major support area, but despite the recent sell-off, the bigger picture remains interesting.
The weekly trend is bearish. Although price appears to be forming a bullish reaction around $3,847, I see this as a potential temporary bounce before sellers attempt another move lower.
📍 My trading plan
I'm watching $3,945.20 as a potential entry to join the prevailing bearish trend.
- Entry (Short): $3,945.20
- Reaction zone: $3,847
- Take Profit: $3,703.70
The idea i























