GOLD: Bearish Channel


Published On: 21 Nov 2025, 11:00 AM | Jorell Low, Dealer

Key Entry Price Pivot(s):
  • $
Recommended Trade:
  • Short at level $3997.94
  • Take Profit at $3500.15
  • Stop Loss at $4140.00
Alternative Case:
  • Long at level $4132.96
  • Take Profit at $4381.52
  • Stop Loss at $3997.94
Remarks:
  • Price has broken the upward trendline and has tests the upper and lower bounds of the new downward channel formed.
  • This is inline with the recent strength of the US Dollar due to uncertainty pertaining to incoming US federal interest rate cuts.
  • As the price remains in the premium region of the channel, we can capitalize on the bearish momentum by entering short positions at 3997.94 with a stop loss slightly above the recent daily resistance of 4140.
  • We can target the previous all-time highs (ATH) of 3500.15. As price pushes past the support level at 3886.62, we can shift our stop loss at entry to manage risk and take partial profits.
  • Alternatively, if if the price breaks above the recent daily resistance of 3132.96, the strategy shifts to a long position, targeting the ATH at 4381.52, with a stop loss at the recent daily support of 3997.94.
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