📝 Gold Trading Plan – November 18
1. Market background
After the bearish breakout of BMS, the price fluctuated around 4030-4040.
Key structure: Corrective rally amid broader liquidity-seeking environment.
Prediction: Clear fluidity → reaction → directional movement.
2. Main trading areas (see picture)
🔽 Purchase area
Main buying area
3982 – 3980
→ SL：3977
Strong consensus (trendline + OB + support).
Deep buying zone
3927 – 3920 (OB area)
→ SL dropped by 3920
Active only if price falls below 3980 and continues to fall.
🔼Sales area
Main sales areas
4056 – 4058
→ Level: 4061
Strong compatibility: FVG+resistance+liquidity clearing area.
sales target
TP1：4000
TP2:3980
TP3: 3930 (only if there are extreme news-driven swings)
3. Expected price scenarios
Scenario 1 – Most Likely
🔹The price retested the trend line → rebounded slightly → pushed to 4056-4058
🔹Sales from the area → Target 4000 → 3980
Scene 2 – Middle School
🔹 The price fell first → reached 3982–3980
🔹 Look for bullish reaction → Buy → Retest 4040–4050
Scenario 3 – High Volatility Movement (News Impact)
🔹 If the price decisively falls below 3980 → falls to 3927-3920
🔹 Strong buying zone → expected to reverse to 4000-4030
4. News Impact – November 18
Today’s high-impact events:
Federal Reserve Spokespersons: Waller, Barr, Barkin (10:00pm–11:00pm)
→ Expect wild swings in gold.
President Trump Remarks – 6:00 AM
American Housing Start – 8:15 p.m.
🔔 Notes:
Avoid traveling to large centers before a keynote address.
Keep SL tight; Gold reacts strongly to USD news.

Source link