Gold (XAUUSD) TRADING SETUP FOR NEXT WEEKXAU/USD SpotFX:XAUUSDSudhir-SirohiGold (XAUUSD) is consolidating near $4,000 after a record rally, with key U.S. data and Fed commentary expected to drive the next breakout or breakdown in the coming week. --- 🟡 TradingView Idea: Gold Spot – Calm Before the Catalyst? Timeframe: 4H Current Price: $4,003.15 Bias: Neutral-to-Bullish Pattern: Ascending Channel Indicators Used: Price Action, Volume, Trendlines --- 📌 Market Context Gold has cooled off after touching all-time highs, now hovering near the upper boundary of a rising channel. The recent candles show indecision, with lower volume and tight price action—classic signs of consolidation. Traders are waiting for macro triggers before committing to the next move. --- 🔍 Technical Highlights - Channel Resistance: Price is testing the upper trendline (~$4,015–$4,020). A breakout could target $4,100+. - Volume Tapering: Declining volume suggests reduced conviction, often preceding a sharp move. - Candlestick Structure: Wicks on both sides indicate tug-of-war between bulls and bears. --- 🗓️ Upcoming Events (Nov 4–9, 2025) These could be the catalysts that break gold out of its range: - Nov 5 – U.S. CPI Data: A key inflation report that could influence Fed rate expectations. - Nov 6 – Fed Officials’ Speeches: Traders will watch for clues on rate cuts or policy shifts. - Geopolitical Watch: Easing U.S.–China tensions and Middle East developments may reduce safe-haven demand. - U.S. Funding Bill Talks: Any gridlock or uncertainty could reignite gold buying. --- 🎯 Trade Setup - Bullish Scenario: Buy breakout above $4,020 with confirmation (volume + candle close). Target: $4,100–$4,150 Stop Loss: $3,980 - Bearish Scenario: Short rejection near $4,020. Target: $3,950–$3,920 Stop Loss: $4,030 --- 💬 Drop your thoughts below—are you positioning for the breakout or fading the resistance?