Weekly Candle High | Buy on Pullbacks to Support

2 days ago

🟡 XAU/USD – 09/22 | Captain Vincent ⚓

🔎 Captain’s Log – Quick Overview

Last week, gold closed around 3,685, paving the way for further advances and the creation of a new ATH.

After the FED cut 25bps, Powell's 'brake' comments tempered the rise, but the overall trend remains bullish.

This morning, prices surged to 3,697.xx, currently adjusting slightly around 3,692 – 3,690 → a sensible strategy: wait for a pullback to continue Buying.

⏩ Captain’s Summary: The gold voyage still heads North, Buying remains the main choice, but wait for a pullback to board.

📈 Captain’s Chart – Technical Analysis

Golden Harbor (Support / Buy Zone):

Thin support: ~3,698 (recently broken old range peak).

OB Dock: 3,687 – 3,690.

FVG Dock: 3,672 – 3,676 (liquidity check on deep adjustments).

Storm Breaker (Resistance / Sell Zone):

3,714 – 3,720 (supply cluster / old ATH – likely to react).

Price Structure:

Continuous BoS series, price breaks out of short-term rising channel and creates higher highs → bullish remains the main trend.

🎯 Captain’s Map – Trading Plan (before US session)
✅ Buy (trend priority)

Buy Zone 1

Entry: 3,698 – 3,701

SL: 3,688

TP: 3,706 – 3,714 – 3,720+

Buy Zone 2 (OB)

Entry: 3,687 – 3,690

SL: 3,680

TP: 3,698 – 3,706 – 3,714 – 3,72x

Buy Zone 3 (FVG)

Entry: 3,672 – 3,676

SL: 3,664

TP: 3,687 – 3,706 – 3,714

⚡ Sell (only scalp when overbought)

Sell Zone (ATH test)

Entry: 3,740 – 3,738

SL: 3,750

TP: 3,730 – 3,720 – 3,695

Captain’s Note ⚓

“The new week opens with a high-closing candle, the gold ship continues its bullish course. Golden Harbor 🏝️ (3,690 – 3,672) is a safe anchorage for the crew to watch for Buys. Storm Breaker 🌊 (3,714 – 3,720) is a wave peak prone to gusts, suitable for Quick Boarding 🚤 short-term scalps. Before the US session, the sea might be choppy – hold the wheel tight and manage volume wisely.”

20 hours ago

Trade active

Gold breaks historic peak at 3,759 USD/oz – Is the safe haven signal too strong?

Yesterday, the sell plan at the 3738–3740 zone triggered a 40-pip drop, but selling pressure did not last. Immediately after, gold rebounded strongly, surpassing resistance and setting a record of 3,759 USD/oz.

Causes include:

Geopolitical tensions: Israel’s missile strike on southern Lebanon killed 5 people (including 4 U.S. citizens), driving up defensive sentiment.

Weakening USD: Safe-haven flows returned to gold, silver surged to a 14-year high.

Capital outflow: Investors pulled money from stocks and bonds; ETFs and speculators boosted buying, amplifying the rally.

👉 Yesterday’s sell zone showed a technical reaction, but the safe-haven force remains dominant, keeping the bullish trend intact.

The question: After this hot rally, will gold continue breaking new highs, or will it shake strongly if the Fed sends a surprise signal?

💬 What’s your opinion? Leave a comment!