Vladimir RibakovOwner, Chief Trader at Home Trader Club (Former Traders Academy Club), Owner, Chief Trader at Home Trader Club (Former Traders Academy Club) · Owner, Chief Trader at Home Trader Club (Former Traders Academy Club)

GOLD sell rallies plan - 4 Nov. 2025

3 Nov 2025 · 1 min

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In this concise market commentary, Vladimir Ribakov highlights that gold’s Relative Strength Index (RSI) is overbought on the monthly, weekly, and daily charts, each reading above 80, indicating that a corrective move is still underway. He outlines a two‑wave corrective scenario that could create a range before a sell‑off, and he identifies three critical price zones that must hold for the plan to work: the prior daily high around $4,060, a supply zone between $4,130‑$4,140, and a broken double‑top support now acting as resistance near $4,200. Ribakov advises selling any upward rallies that respect these levels, expecting the correction to finish lower and subsequently produce a bullish divergence.

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of overbought conditions on the RSI above 80 on the monthly chart, the weekly chart with RSI above 80, and same with the daily chart with RSI above 80. I believe the correction is still in play. The ideal scenario on the gold is 2 waves down, create some range, or 2 waves up here, and from there go for the sell. Key levels for that to happen On the gold is the previous daily high from the uptrend around $4,060, the high which acts as supply of this corrective downtrend around $4,130, $4,140, and the broken support of the double top that now acts as resistance around the $4,200. So as long as these levels hold, I would be looking to sell these rallies. I expect the gold to complete its corrective move down and then form a bullish divergence.