OANDA:XAUUSD The Battle to Defend the $4,000 Gold Level By Katyusha20251118 — TradingView

Gold’s battle to defend the $4,000 mark

Hello everyone, my name is Katyusha.

Thank you for your attention.

As shown on the 4-hour chart:

Will gold price fall below $4,000 today?

1: If it falls below US$4,000, the price of gold will collapse sharply, and a new round of decline is expected to reach around US$3,800.

2: If the price of gold stabilizes at around $4,000, now is the best time to buy when the price of gold falls.

Which option would you choose?

As an experienced trader, I see the following:

A) Today’s gold price will mainly fluctuate between US$4,000 and US$4,050.

B) The overall trend remains bullish, but the short-term outlook is bearish. Therefore, gold prices may fluctuate between $4,020 and $4,030 tonight.

C) The descent speed is fast and the rise speed is slow. If gold prices continue to fall today, the decline will not be less than $80. However, if the price rises today, it may stabilize near the $4050-4060 level.

Day trading strategies:

Basic Strategy: Short Selling:

Price: $4040-4050

Stop loss: $4065

Take profit: $4020-4000-3990-3950-3900

Secondary Strategy: Short Selling:

Purchase price: $4000-4010

Stop loss: $3990

Take profit: $4040-4050-4060-4080-4100