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Gold reclaims $4,000 and silver jumps back above $50 — gold +2.8% to ~$4,045, silver +4.3% to ~$51.90 as the dollar slides after Democrats sweep Congress.
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#XAUUSD
#GOLD
As long as the price of gold remains above the support structure at 3,920–3,970, the primary outlook remains bullish.
On the upside, the first major test lies in the 4,050–4,060 range, followed by the 4,083 level. If the bulls can break through these two resistance levels—while maintaining a pattern of "higher lows" in the process—then a more significant advance toward the 4,145–4,155 range becomes possible.
#XAUUSD
#GOLD
On the upside, we are monitoring resistance in the 3970–3965 range, with a key watershed level for resistance located at 3988–3990.
On the downside, we are first looking at support in the 3918–3923 range.
1. Short Gold in the 3970–3965 range; targets are 3920–3925, with a potential extension toward 3900–3905 if the level is broken.
2. Long Gold in the 3918–3920 range; targets are 3950–3955, with a potential extension toward 3965–3970 if the level is broken.
From a technical perspective, we are approaching this based on a short-term range-bound strategy.
Please refer to live trading conditions for final execution.
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Silver drops 3.5% back below $50 to ~$48.80, reversing Monday's rebound. Gold slips near $3,910.
Full breakdown:
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#XAUUSD
#GOLD
My current outlook: Gold may attempt another rebound toward the 3,945–3,965 range, only to encounter bearish resistance and pull back toward the 3,890 level.
Should buying interest prove weak, the next key downside target would be the 3,825–3,840 zone.
Conversely, if the price manages to establish a firm recovery above 3,965, the current selling pressure will likely ease.



