2026.11.3 Morning analysis of gold price trends
Gold is currently priced at 3955/oz.
This rebound started from 3870.
So far (with a high of 3970), it has rebounded nearly 100 points.
For now, I’m maintaining a bearish view in the short term.
I don’t think there’s much of a problem with going short now on the left side and establishing an initial position.
After 3970 is broken, the price should rise by 20–30 points.
That’s an opportunity to add to your position.
How should you open a right-side short position?
If gold breaks below the support level at 3935, it will fall by around 20 points.
This is a short-term shorting opportunity.
There’s also a right-side long position.
As mentioned above, if the price breaks through 3970, it could rise by 20–30 points.
This is also a trend you can trade for a short-term long.
You don’t need to worry about the current market conditions or whether to open a position now.
The two right-side setups are there for you to choose from. #XAU
Gold is currently priced at 3955/oz.
This rebound started from 3870.
So far (with a high of 3970), it has rebounded nearly 100 points.
For now, I’m maintaining a bearish view in the short term.
I don’t think there’s much of a problem with going short now on the left side and establishing an initial position.
After 3970 is broken, the price should rise by 20–30 points.
That’s an opportunity to add to your position.
How should you open a right-side short position?
If gold breaks below the support level at 3935, it will fall by around 20 points.
This is a short-term shorting opportunity.
There’s also a right-side long position.
As mentioned above, if the price breaks through 3970, it could rise by 20–30 points.
This is also a trend you can trade for a short-term long.
You don’t need to worry about the current market conditions or whether to open a position now.
The two right-side setups are there for you to choose from. #XAU
