XAUUSD – H4 SCENARIO FOR THE WEEK 17–21/11

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XAUUSD – H4 SCENARIO FOR THE WEEK 17–21/11GoldOANDA:XAUUSDLana_M2💛 XAUUSD – H4 SCENARIO FOR THE WEEK 17–21/11 🎯 🌤 1. Overview Hello everyone, it's Lana here again 💬 The new week begins with a narrowing trading range on the H4 chart, signaling that gold is gearing up for a stronger move. The current medium-term trend needs to break the descending trendline above to confirm the buyers' return. 💹 Technical Analysis 📉 The end-of-week downtrend is entering a technical rebound phase, and there's a high possibility it still has room to continue declining around the 4000 trendline – where it converges with a strong liquidity zone. 🟣 Key price levels to watch include: 4138 – 4200 – 4212 – 4037. These are liquidity concentration points, expected to have clear reactions based on market sentiment. 🔹 Traders can use Fibonacci retracement to time their sell entries, combined with confirmation signals on smaller time frames (M15–M30). 🌐 Macro Context The financial market is facing difficulties as U.S. tax policies change continuously, putting pressure on both Gold and Bitcoin. The end of the year is also a characteristic phase of the economic slowdown cycle, where the market tends to adjust more strongly. 🎯 Reference Trading Scenario (Reference Trading View) Prioritize selling according to the technical rebound, especially when the price enters confluence zones of Fibo + liquidity. Consider buying only when the price reacts strongly at the 4000 trendline or the 4037 area. 🌷 6. Conclusion with LanaM2 Gold is in a zone preparing for a big move 💛 Be patient and wait for reactions at key liquidity zones to have a better and safer entry point. If you find this useful, please 💛 Like – 💬 Comment – 🔔 Follow LanaM2 to receive daily gold analysis! ✨