📰 Key Fundamental Drivers
Gold remains elevated above $4,100/oz, consolidating after recent surges.
Safe-haven demand is strong, supported by persistent U.S.-China tensions and global economic uncertainty.
Market expectations for Fed cuts remain robust, with ~99% chance priced in for October and ~94% for December.
Institutional flows (ETF & central banks) continue to add structural support.
Some caution from Fed officials about inflation and pacing of cuts could moderate upside in the near term.
📈 Technical & Price Structure
Support zones to watch: ~$4,100 → ~$4,050 → ~$4,000
Resistance / upside targets: $4,200 → $4,300 → $4,400+
Gold is in a strong uptrend, but short-term momentum is overextended. A pullback or consolidation is healthy and expected.
If price holds above support, the upside bias remains intact. A break below $4,000 would be an early warning.
🎯 Bias & Trade Strategy
Bias: Bullish overall, with caution in the short term.
Trade ideas:
Buy on pullbacks into support zones (e.g. $4,050–$4,100) with tight stops.
Breakout longs if price decisively clears $4,200.
Scalp / reaction shorts near resistance zones if rejection patterns appear.
Pay attention to upcoming U.S. data, Fed commentary, and any sudden USD strength as risk factors.
⚠️ Risk Note
Risk only 1–2% per trade
Confirm setups with volume/candle patterns
Avoid over-leveraging — gold volatility remains high
📌 For educational purposes only – Trade Smart. Athens
Gold remains elevated above $4,100/oz, consolidating after recent surges.
Safe-haven demand is strong, supported by persistent U.S.-China tensions and global economic uncertainty.
Market expectations for Fed cuts remain robust, with ~99% chance priced in for October and ~94% for December.
Institutional flows (ETF & central banks) continue to add structural support.
Some caution from Fed officials about inflation and pacing of cuts could moderate upside in the near term.
📈 Technical & Price Structure
Support zones to watch: ~$4,100 → ~$4,050 → ~$4,000
Resistance / upside targets: $4,200 → $4,300 → $4,400+
Gold is in a strong uptrend, but short-term momentum is overextended. A pullback or consolidation is healthy and expected.
If price holds above support, the upside bias remains intact. A break below $4,000 would be an early warning.
🎯 Bias & Trade Strategy
Bias: Bullish overall, with caution in the short term.
Trade ideas:
Buy on pullbacks into support zones (e.g. $4,050–$4,100) with tight stops.
Breakout longs if price decisively clears $4,200.
Scalp / reaction shorts near resistance zones if rejection patterns appear.
Pay attention to upcoming U.S. data, Fed commentary, and any sudden USD strength as risk factors.
⚠️ Risk Note
Risk only 1–2% per trade
Confirm setups with volume/candle patterns
Avoid over-leveraging — gold volatility remains high
📌 For educational purposes only – Trade Smart. Athens
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.