XAUUSD – WEEKLY SCENARIO -ATH CONTINUES TO HOLD THE CHAIN

Oct 6

Hello trader 👋

Gold prices are currently moving sideways after a strong previous rally. The market is temporarily lacking momentum as the US government remains shut down, causing economic data delays – this reduces liquidity and makes many short-term traders hesitant to open new positions.

Currently, the price structure remains within an upward channel, but there are signs of accumulation and tug-of-war around key resistance – support zones. Therefore, the appropriate strategy during this period is “Buy at support zones, Sell at psychological resistance,” combined with POC (Point of Control) on the Volume Profile to identify the highest liquidity price areas.

⚙️ Technical Structure

The overall trend still leans towards bullish, however, short-term corrective waves may appear as the price approaches strong resistance zones.

Thick volume areas clearly shown on the chart are where large investors are accumulating or distributing orders.

RSI is currently in the neutral zone → no overbought signal yet, so the possibility of range-bound movement remains high.

⚖️ Detailed Trading Scenario

🔴 SELL ZONE (Strong resistance – prioritize reactionary selling)
Entry: 3,970 – 3,972
SL: 3,977
TP: 3,952 → 3,935 → 3,920 → 3,905
👉 Note: This is a psychological resistance zone – confluence between the upper edge of the price channel and the previous volume peak.

🔴 SELL SCALPING (short-term selling when support breaks)
Entry: 3,923 – 3,925 (wait for support break confirmation)
SL: 3,930
TP: 3,910 → 3,900 → 3,885 → 3,860

🟢 BUY ZONE (buy at support + POC volume profile)
Entry: 3,883 – 3,885
SL: 3,875
TP: 3,900 → 3,915 → 3,940 → 3,965 → 4,000
👉 This is a strong technical support zone, coinciding with the POC of the Volume Profile – high liquidity, high rebound potential.

💡 Insights & Notes
The upward price channel remains intact, but buying pressure is gradually weakening, making short-term corrections more likely.

Be patient and wait for direction confirmation before entering trades, avoid FOMO during sideways phases.
News is limited this week due to US political situation → market prone to tug-of-war, low volatility.

📌 Summary:
Buy at liquidity support zones (3,883–3,885).
Sell reactionary at psychological resistance zones (3,970–3,972).

Maintain a flexible mindset within the trading range, wait for clear confirmation signals to increase win rates.

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Oct 7

Trade active

Yesterday's scenario matched the 3970 price range, yielding a profit of 240 pips. The reaction was precise and profitable enough. Next, we will closely follow the new scenario. If any of you are still holding positions, please ensure safety by moving the stop-loss to the entry point.