XAU-USD (GOLD) CHART ANALYSIS – NOV 25
📊 XAU-USD (GOLD) CHART ANALYSIS – Weekly Update
📈 Technical / Naked Price Action
Sentiment: Bullish 🐂
🎲 Hello traders!
Building on our previous analysis, last week Gold saw an impressive rise from lows of $2590 to highs of $2721, delivering a remarkable move that we capitalized on, riding the trade from $2640 to $2710 and securing 700 pips in profit.
At $2721, the bullion encountered significant resistance at a minor SR point, causing a temporary pullback. Looking ahead, we expect a consolidation phase below the support levels of $2675–$2670, followed by a potential bullish breakout and continuation of the current trend.
💡 Key Takeaways:
🧠 Let’s Collaborate!
Share your insights, trade ideas, and charts in the comments. We’d love to hear your thoughts on this week’s market dynamics and how you plan to approach Gold!
Best Regards,
The NFX Team™ 💚
📈 Technical / Naked Price Action
Sentiment: Bullish 🐂
🎲 Hello traders!
Building on our previous analysis, last week Gold saw an impressive rise from lows of $2590 to highs of $2721, delivering a remarkable move that we capitalized on, riding the trade from $2640 to $2710 and securing 700 pips in profit.
At $2721, the bullion encountered significant resistance at a minor SR point, causing a temporary pullback. Looking ahead, we expect a consolidation phase below the support levels of $2675–$2670, followed by a potential bullish breakout and continuation of the current trend.
💡 Key Takeaways:
- Bullish Sentiment:Fundamentals remain unchanged, supporting a continued upward trajectory.
- Opportunities Ahead: Monitor consolidation near support levels and watch for breakouts to position for LONG trades.
- Risk Management: If considering SHORT positions during intraday retracements, approach cautiously, as the overall trend remains bullish.
🧠 Let’s Collaborate!
Share your insights, trade ideas, and charts in the comments. We’d love to hear your thoughts on this week’s market dynamics and how you plan to approach Gold!
Best Regards,
The NFX Team™ 💚
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