XAU-USD (GOLD) CHART ANALYSIS - NOV 18
📊 XAU-USD (GOLD) CHART ANALYSIS
📈 Technical / Naked Price Action Sentiment: Bullish :Bull:
🎲 Hello traders!
In this analysis, we’re diving into the daily chart of Gold. Over the past few months, Gold has predominantly moved within bullish zones. However, following the recent U.S. presidential victory by Trump and rising optimism for improved USD fiscal and financial policies, November has seen Gold decline from 🟢highs of $2780 to 🔴lows of $2530.
Currently, the market sits near the 50% Fibonacci retracement level from the all-time high (ATH) of $2780+. Looking ahead to the coming week, Gold may continue to oscillate between $2560 highs and $2500 lows.
💡 Key Takeaways:
The overall sentiment remains Bullish, with pullbacks offering opportunities for LONG trades.
If you’re considering SHORT positions during an intraday bearish breakout, proceed with caution and manage risk appropriately, as the longer-term outlook still signals strong Bullish momentum.
🧠 Let’s Collaborate!
Share your ideas, thoughts, and charts in the #chat channel. Got questions? Feel free to ask—we’d love to hear how you think the market will react!
Best Regards,
The NFX Team™ 💚
📈 Technical / Naked Price Action Sentiment: Bullish :Bull:
🎲 Hello traders!
In this analysis, we’re diving into the daily chart of Gold. Over the past few months, Gold has predominantly moved within bullish zones. However, following the recent U.S. presidential victory by Trump and rising optimism for improved USD fiscal and financial policies, November has seen Gold decline from 🟢highs of $2780 to 🔴lows of $2530.
Currently, the market sits near the 50% Fibonacci retracement level from the all-time high (ATH) of $2780+. Looking ahead to the coming week, Gold may continue to oscillate between $2560 highs and $2500 lows.
💡 Key Takeaways:
The overall sentiment remains Bullish, with pullbacks offering opportunities for LONG trades.
If you’re considering SHORT positions during an intraday bearish breakout, proceed with caution and manage risk appropriately, as the longer-term outlook still signals strong Bullish momentum.
🧠 Let’s Collaborate!
Share your ideas, thoughts, and charts in the #chat channel. Got questions? Feel free to ask—we’d love to hear how you think the market will react!
Best Regards,
The NFX Team™ 💚
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.