$XAU 11.13 Yapan Gold Strategy $BTC
Gold has firmly established a major bearish market structure and is moving in a standard, extremely weak downtrend. After successive high-volume declines, buying support has completely dried up. There have been no signs of stabilization, a bottom, or a bullish reversal. Prices remained under pressure throughout the day, with weakness prevailing from start to finish.
In this clearly one-sided weak market, the most damaging move is to blindly try to catch a bottom or bet on a reversal against the trend. Small intraday rebounds are merely technical bounces during the decline, with no strength to signal a reversal. Each rebound toward a short-term high offers an excellent opportunity to add short positions in the direction of the trend. Betting against the trend will only lead to repeated stop-outs and losses.
In the short term, watch the 3936–3939 resistance zone above, which is also a strong ceiling for intraday rebounds. The key support below is around 3850.
The morning strategy is clear and consistent: look to go short with the trend around 3920 as a rebound turns lower, with a unified stop at 3940 and a short-term target of 3860–3870.
Keep a close eye on the key support at 3850. If this level breaks decisively, bearish momentum will accelerate again and prices will continue to make new lows. After a confirmed break, hold short positions with the trend to capture the next leg down. The overall strategy remains unchanged: follow the trend, don’t try to call the bottom, and don’t hold losing positions.
Gold has firmly established a major bearish market structure and is moving in a standard, extremely weak downtrend. After successive high-volume declines, buying support has completely dried up. There have been no signs of stabilization, a bottom, or a bullish reversal. Prices remained under pressure throughout the day, with weakness prevailing from start to finish.
In this clearly one-sided weak market, the most damaging move is to blindly try to catch a bottom or bet on a reversal against the trend. Small intraday rebounds are merely technical bounces during the decline, with no strength to signal a reversal. Each rebound toward a short-term high offers an excellent opportunity to add short positions in the direction of the trend. Betting against the trend will only lead to repeated stop-outs and losses.
In the short term, watch the 3936–3939 resistance zone above, which is also a strong ceiling for intraday rebounds. The key support below is around 3850.
The morning strategy is clear and consistent: look to go short with the trend around 3920 as a rebound turns lower, with a unified stop at 3940 and a short-term target of 3860–3870.
Keep a close eye on the key support at 3850. If this level breaks decisively, bearish momentum will accelerate again and prices will continue to make new lows. After a confirmed break, hold short positions with the trend to capture the next leg down. The overall strategy remains unchanged: follow the trend, don’t try to call the bottom, and don’t hold losing positions.
