Gold rebounds but not yet clearly breaking out

Sep 25

📊 Market Movement:
Gold touched 3761, then dropped to 3750, but has now rebounded to around 3757. The market is still fluctuating in a narrow range without a clear trend.

📉 Technical Analysis:
• Resistance: 3768 – 3772 (key zone to confirm buyers’ strength)
• Support: 3750 – 3745
• Short-term EMA: showing recovery momentum but not strong enough to confirm a bullish reversal
• Candlestick: leaning towards technical rebound, no clear breakout signal yet

📝 Outlook:
Gold is in a mild recovery phase, but it needs to break and hold above 3772 to confirm an uptrend. Failure here could trigger a pullback to 3750 – 3745.

🎯 Trading Strategy:
🔺 BUY XAU/USD : 3750 – 3745
🎯 TP: 40 / 80 / 200 pips
🛑 SL: 3742
🔻 SELL XAU/USD : 3768 – 3772
🎯 TP: 40 / 80 / 200 pips
🛑 SL: 3776

Sep 25

Trade active

Gold is moving sideways in the 3750–3760 range, waiting for the US session

Sep 25

Trade closed: target reached

Unemployment Claims data came out positive for the USD – gold prices dropped sharply after the news.