Booom as expected and expecting more drop On Gold in my last post i mentioned it will be drop which was expected and still expecting more drop as shwon in chart ... good like 👍 and support
Goldprediction
How to seize the certain opportunities in the gold market?Yesterday, gold continued its record-breaking rally, achieving its sixth consecutive week of gains and further entering an unknown price range. The core driving force behind this round of gains lies in the market's continued rise in dovish expectations for the Federal Reserve to further implement loose policies before the end of the year. Although the 25 basis point interest rate cut last week has been digested by the market, investors are increasingly expecting two more interest rate cuts in October and December, providing strong support for gold prices. In addition, ongoing geopolitical tensions, increased gold holdings by various countries and strong inflows of funds into gold ETFs have together constituted the multiple pillars of this bull market. Under the interweaving of risk aversion and loose expectations, gold has risen by more than 40% this year, highlighting its strong appeal.
From a technical perspective, the daily chart shows that gold prices closed with a large real body positive line, and the trend is extremely strong. The MACD indicator double lines sent a golden cross signal, confirming the short-term bullish trend. However, the indicator has deviated seriously into the overbought area, suggesting that there is a large risk of technical correction in the later period. Strategy analysis needs to focus on the support role of the MA5 moving average below. If it falls below, it may trigger a deeper adjustment. It is recommended to remain cautious in operation. You can consider light positions and try to arrange short orders on rallies. The upper resistance focuses on the 3780-3800 range, and the lower support is around 3745-3730. Although the current market trend is upward, we need to be vigilant against the risk of high-level corrections.
Prices fell. Has a low been reached?The daily gold chart suggests a continued bullish trend. Consecutive breakouts confirm continued upward movement. The MACD indicator remains within overbought territory, indicating a modest rise and not signaling a lack of upward momentum.
In the short term, the 4-hour chart also suggests an upward bias for gold. Technical indicators are extending gains within positive territory, with prices retreating to the middle Bollinger Band and now overlapping the 20-day moving average. The MACD indicator has formed a golden cross and is trending downward. Gold remains above the 20-day moving average. While the longer-term moving average maintains an upward trend, it remains well below the 20-day moving average. Most indicators suggest a easing of bullish momentum.
Prices are currently retreating. For stable trading, it is recommended to remain cautious and wait for a price low before entering a long position.
Of course, if aggressive trading is desired, long positions around 3725-3730 are still an option.
If the price remains below 3780, continue short selling.The daily chart closed with a long upper shadow, indicating a clear technical need for a correction. The Asian session fell as expected in the morning, repeatedly testing 3750. Those who followed the short selling could basically get nearly 150pips profit. Although a bullish structure appears in the hourly chart, the trend pressure above 3780 is still there in the short term. If gold fails to effectively break the trend pressure, it will fall back in the short term. The first support below can be seen at 3750. Once it falls below, gold will test the support of 3735. Currently, gold has rebounded again. As long as it fails to effectively break through and stabilize above 3780, we can still consider shorting gold.
Gold continues to fluctuate. Will it hit a new high?Information Summary:
Federal Reserve Chairman Powell delivered his first public speech since the September policy meeting. He stated that the Fed faces a challenging situation, with the risk of faster-than-expected inflation remaining. Job growth remains weak, raising questions about the health of the labor market.
Compared to the tone of the gold market last week, Powell's speech contained no significant content that could alter gold's upward trajectory. Geopolitical developments also provided support for gold prices. Expectations of rate cuts, concerns about the Fed's independence, and geopolitical developments all contributed to gold's strength.
Market Analysis:
Overall, gold's upward trend remains unchanged. After a slight pullback to 3750 on Wednesday, prices rebounded around 3780 before falling under pressure. In the short term, as long as gold does not fall below this week's 3735 starting point, the 3800 high remains a possibility. The upward trend remains intact, and long positions remain the main driver.
Looking at the 1-hour chart, the price retreated after encountering pressure at 3780, continuing to fluctuate slightly. Long positions are still possible around 3750 in the US market. If the US market continues to fluctuate, the 3800 mark may not be far behind.
Trading strategy:
Long positions at 3755-3750, stop loss at 3745, profit range 3780-3800.
Gold 1H – Inflation Fears & Risk Flows Drive MomentumGold on the 1H timeframe is trading around 3,753 after repeated BOS confirmations, showing strong bullish structure but facing premium resistance. Liquidity remains stacked above 3,787–3,785, while discount demand zones sit lower at 3,725–3,723 and deeper at 3,688–3,686.
Today’s headlines on sticky U.S. inflation expectations and renewed geopolitical tensions in Eastern Europe are fueling safe-haven demand, but intraday structure suggests engineered sweeps into resistance before retracement into demand zones.
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📌 Key Structure & Liquidity Zones (1H):
• 🔴 SELL SCALP 3,787–3,785 (SL 3,794): Premium resistance where liquidity sweeps may trigger short-term rejections targeting 3,780 → 3,775 → 3,770.
• 🟢 BUY ZONE 3,725–3,723 (SL 3,718): Pullback entry aligned with BOS structure, offering upside targeting 3,740 → 3,755 → 3,770+.
• 🟢 BUY ZONE 3,688–3,686 (SL 3,680): Deeper discount demand, attractive for dip buys targeting 3,700 → 3,715 → 3,730+.
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📊 Trading Ideas (Scenario-Based):
🔺 Buy Setup – Pullback Entry (3,725–3,723)
• Entry: 3,725–3,723
• Stop Loss: 3,718
• Take Profits:
TP1: 3,740
TP2: 3,755
TP3: 3,770+
🔺 Buy Setup – Discount Demand (3,688–3,686)
• Entry: 3,688–3,686
• Stop Loss: 3,680
• Take Profits:
TP1: 3,700
TP2: 3,715
TP3: 3,730+
🔻 Sell Setup – Liquidity Run (3,787–3,785)
• Entry: 3,787–3,785
• Stop Loss: 3,794
• Take Profits:
TP1: 3,780
TP2: 3,775
TP3: 3,770
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🔑 Strategy Note
With inflation concerns heating up and geopolitical risks sustaining safe-haven flows, the broader trend remains bullish. Smart money may engineer stop-runs into premium resistance before retracements into discount zones. Focus on buy-the-dip opportunities at well-defined supports, while fading liquidity sweeps cautiously near 3,787–3,785. Expect intraday volatility as markets react to U.S. inflation chatter and risk-off headlines.
Key Battlefield: Bulls vs Bears at 3700–3800Gold fluctuated in the 3780-3750 range during the day. Although gold is still in a bullish structure overall, the short-term direction is actually not very clear due to signs of gradually weakening bullish momentum.
However, from the perspective of morphological structure, gold shows signs of forming an ascending triangle in the short term. Once the ascending triangle is successfully formed, gold will still have the potential to rise and touch 3800, or even continue to rise to the 3820-3830 area with the support of this structure. After all, gold is only slightly weak, but there is no clear signal of reaching the top at present. The premise for maintaining the ascending triangle structure is that gold cannot fall below the 3755 area; so if gold cannot effectively fall below the 3755 area next, it is expected that gold will rebound again.
However, it should be noted that once gold falls below the area near 3755, the ascending triangle structure will not hold; it also proves that the current retracement space is insufficient and gold still needs to continue to retrace, then gold may continue the retracement trend to the 3740-3730 area.
Therefore, in the current short-term trading, before gold falls below the 3755 area, we can still try to go long on gold in the 3765-3755 area; once gold falls below the area near 3755, we need to consider changing direction from long to short!
Continue to short on rebound, expect a big drop#XAUUSD OANDA:XAUUSD
The daily line closed with a long upper shadow bullish candlestick, the price deviated significantly from the moving average, and the need for technical adjustment was obvious; the four-hour chart simultaneously released a callback signal, the probability of bulls "resting" in the short term increased greatly, and a wave of adjustments was ready to go! Investors should be wary of this potential pullback risk. For the bears to trigger a significant decline, the key support level of 3735 must be broken; otherwise, gold is likely to rebound.
Ascending Triangle Hints at One More Push to 3800?Currently, gold is encountering resistance around 3790-3800, and the bullish momentum has slightly weakened, but the overall pattern is still bullish. Moreover, judging from the two recent pullbacks, although the bears were given the opportunity to escape from the predicament, they were supported near 3750 and rebounded many times. The strong buying support below greatly limited the retracement space.
Gold has formed an ascending triangle structure in the short term. If this structure is valid, then gold as a whole may still hit 3800, or even continue the upward trend to the 3820-3830 area, which is also the upward limit area I mentioned earlier; but this condition must be established under the premise that gold cannot fall below the 3760-3750 area during the short-term retracement.
Therefore, it is clear that the short-term structural support of gold is located in the 3760-3750 area, and the further strong support below is located in the area around 3730. At present, gold is in the ascending triangle structural resistance area of 3775-3785, so there is still a chance of a pullback in the short term.
Therefore, for short-term trading:
1. For the time being, consider shorting gold in the 3775-3785 area, with a retracement target of 3765-3755.
2. Once gold retraces to the 3765-3755 area, consider going long on gold based on market fluctuations and structural support.
ElDoradoFx PREMIUM 2.0 – GOLD FORECAST (24/09/2025, London SessiGold is trading around 3,764–3,766, pulling back from yesterday’s high at 3,791. Momentum has slowed, with intraday charts showing corrective pressure, but the higher timeframe trend remains bullish.
⸻
🔍 Technical Outlook
Daily (D1):
• Still bullish, holding above 21 EMA (3,731) and 50 EMA (3,665).
• Price rejected at 3,791 resistance, forming a short-term top.
• As long as 3,731 holds, structure favors higher continuation.
1H Chart:
• Range developing between 3,791 high resistance and 3,750 intraday support.
• Price retesting dynamic trendline support near 3,760–3,756.
• MACD still negative, histogram showing bearish momentum building.
• RSI ~40, confirming corrective bias.
15M Chart:
• Clear rejection at 3,779–3,782 zone, now acting as intraday resistance.
• Support forming around 3,756–3,750.
• Structure lower highs / lower lows → short-term bearish pressure.
• MACD bearish crossover aligned with momentum.
5M Chart:
• Price broke minor support at 3,766–3,763, now testing lower zone 3,759–3,756.
• MACD histogram negative, RSI oversold → possible bounce setup.
• Price approaching strong demand cluster at 3,752–3,750.
⸻
🟡 Fibonacci Golden Zone
Using swing low 3,741 to swing high 3,791:
• 38.2% Fib = 3,772
• 50% Fib = 3,766
• 61.8% Fib = 3,760
➡️ Golden zone = 3,772–3,760 → price is currently inside this zone, a potential high-probability area for reversal/buy scalps.
⸻
⚖ High-Probability Entries
Buy Setup (preferred if Fib zone holds):
• Entry: 3,766–3,760 (Fib support)
• SL: 3,754 (≈60 pips)
• TP: 3,775 → 3,782 → 3,791
Sell Setup (only on rejection at resistance):
• Entry: 3,779–3,782 rejection
• SL: 3,788 (≈60 pips)
• TP: 3,770 → 3,766 → 3,760
⸻
⚡ Scalping Signals (5M & 15M, ≤60 pips SL)
• Buy scalp: 3,763–3,760 → TP 3,770–3,775 (SL 3,754)
• Sell scalp: 3,779–3,782 → TP 3,770–3,766 (SL 3,788)
⸻
📅 Key Breakout Levels
• Bullish continuation: Break & hold above 3,791 → targets 3,800–3,808.
• Bearish retracement: Break & hold below 3,750 → exposes 3,741–3,731.
⸻
✅ Summary
Gold is currently consolidating inside the Fibonacci golden zone (3,772–3,760). This area is crucial for bulls to defend and attempt another push toward 3,782–3,791. If 3,760–3,754 breaks, expect deeper pullback toward 3,741–3,731. Scalpers can trade both sides of the range with tight stops, but the Fib zone remains the high-probability demand for buys.
— ElDoradoFx PREMIUM 2.0 Team
LETS GOO GOLD FLY 3830 SOON Gold Have A Super Sharp X Setup
Gold Buy Now Hold Till Physcology Level 3830
Support + RBS + Buy Trendline + Sell TL Breakout
Lets gooo
Good Luck Guys !
Gold price analysis September 24Gold is showing signs of weakness after a series of consecutive increases, the market may witness a correction to the 3705 area today if the selling pressure is strong enough to break through the important support at 3750. This is the time when the sellers are waiting to take profits after many days of price pressure.
📌 Trading plan
SELL now
SELL when the price breaks and closes the candle below the 3750 area
Immediate target: 3705
Warning: Risk of a Price Pullback?Gold continued its upward trend on Tuesday, achieving its sixth consecutive weekly gain and breaking through new highs. The core driver of this significant rally is growing dovish market expectations for further Federal Reserve easing before the end of the year. Although the September rate cut has been priced in by the market, most investors predict two more rate cuts in October and December, providing strong support for gold prices.
From a technical perspective, the daily chart shows that gold is extremely strong, and the MACD indicator confirms the short-term bullish trend, but the indicator has deviated seriously and entered the overbought area, suggesting that there is a greater risk of technical correction in the later period. Focus on the support provided by the MA5 moving average below; a break below could trigger a deeper correction.
Traditionally, caution is advised. Short positions can be taken at highs with a small position. Upper resistance is expected to be in the 3790-3800 range, while lower support lies in the 3750-3735 range.
Trading Strategy:
Short at 3775, add to positions upon a rebound to 3785-3790. Stop loss at 3800. Profit targets 3750-3740-3730.
Gold 1H – Should We Hold or Fade Liquidity at 3800?Gold on the 1H timeframe is trading near 3,776 within a corrective channel, with premium liquidity stacked above 3,800–3,798 and discount demand waiting at 3,725–3,727. Recent BOS structures confirm bullish intent, but engineered sweeps into premium zones remain likely before retracements to discount levels.
Today’s headlines on the Federal Reserve’s cautious tone and Middle East geopolitical tensions are reinforcing safe-haven demand, though intraday moves may produce liquidity grabs before directional clarity emerges.
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📌 Key Structure & Liquidity Zones (1H):
• 🔴 SELL GOLD LIQUIDITY 3,800–3,798 (SL 3,807): Premium resistance where sweeps may trigger rejection toward 3,770 → 3,760 → 3,755.
• 🟢 BUY ZONE 3,725–3,727 (SL 3,720): Discount demand aligned with BOS, offering upside targets at 3,740 → 3,760 → 3,775.
________________________________________
📊 Trading Ideas (Scenario-Based):
🔻 Sell Setup – Liquidity Run (3,800–3,798)
• Entry: 3,800–3,798
• Stop Loss: 3,807
• Take Profits:
TP1: 3,770
TP2: 3,760
TP3: 3,755
🔺 Buy Setup – Discount Demand (3,725–3,727)
• Entry: 3,725–3,727
• Stop Loss: 3,720
• Take Profits:
TP1: 3,740
TP2: 3,760
TP3: 3,775+
________________________________________
🔑 Strategy Note
With Fed caution and geopolitical risks keeping gold supported, the broader structure favors buy-the-dip setups while fading engineered sweeps into premium liquidity. Expect volatility around 3,800 liquidity runs before retracements to well-defined discount zones.
Buy gold near 3750, target 3768-3788Gold Market Analysis:
Yesterday's daily gold chart reached 3791. Our buy orders at 3643 and 3788 yielded huge profits. Gold's strength is so strong that it's making us question our own future. We currently don't see a peak. Yesterday's tail-end saw a pullback. The upper shadow on the daily chart is quite long, making it difficult to reach a new high today. The pullback in the Asian session also confirms that a correction will occur today. Yesterday's surge was excessive, requiring a technical correction. The indicators and chart patterns haven't kept pace, leading many investors to speculate on whether a peak has been reached. I believe it hasn't, and there's no definitive signal. A peak requires time and space to fully develop. Today's strategy is to buy and sell, as there's significant room for recovery. Consider buying low in the Asian session. Selling after the pullback is already underway is no longer feasible. We're unsure of the support level it will reach. Chart-wise, 3712 is the limit of this dive. If it unexpectedly breaks, we need to consider whether we've truly sold. Buy gold at 3750 in the Asian session. A break of this level would be unsatisfactory. It's a support level, a candlestick pattern, a point of yesterday's trading, or an indicator. Currently, it appears to be stabilizing. If it approaches the level again during the European and American sessions, buy more. The gold market will likely experience a period of volatility. Don't hold positions for too long. The likelihood of continued unilateral movement is low today. Resistance levels are 3781 and 3791, which are also selling areas.
Support levels are 3750, 3728, and 3712. Resistance levels are 3781 and 3791. The dividing line between strength and weakness is 3750.
Fundamental Analysis:
There are no major fundamentals or data this week, just standard data. Focus on the impact of the Fed's rate cut.
Trading Recommendations:
Buy gold near 3750, target 3768-3788
Continued volatility? What to do?Gold surged and then retreated on Tuesday, reaching a high near 3790 before retracing during the US trading session. While the gains were significant, even with the pullback, they haven't wiped out yesterday's gains. Therefore, the current trend isn't weakening, but rather remains strong. The slight pullback is merely accumulating upward momentum, not a top signal.
Gold rebounded after testing 3750 in early Asian trading. Short-term strength remains strong, and the pullback hasn't continued, leaving the overall trend strong. If prices stabilize above 3750 in the short term, there's a high probability of another surge. As long as they don't fall below 3730, long positions are still viable. Currently, there are no valid topping or bearish signals, nor are there any negative news.
Trading strategy:
Go long near 3750, add to your position at 3730, set a stop-loss at 3725, and target profit ranges between 3780-3790-3800.
Gold prices surge! Analysis of intraday gold price trends!Market News:
Spot gold fluctuated at high levels in early Asian trading on Wednesday (September 24), currently trading at $3,762 per ounce, not far from the all-time high reached overnight. Yesterday, gold prices experienced extremely volatile fluctuations, soaring to a record high of $3,791. However, following a speech by Federal Reserve Chairman Powell, the London gold price retreated significantly from this high. However, gold's overall upward trend remained intact, and the price ultimately closed higher that day. Powell's remarks last night largely reiterated his remarks at the press conference following last week's rate cut. He emphasized the challenges facing the Fed in achieving its dual objectives. "Two-way risks mean there is no risk-free path," Powell said. He noted that cutting rates too much, too quickly, could lead to inflation running persistently close to 3%, rather than the Fed's 2% target; while maintaining a restrictive policy stance for too long could lead to unnecessary labor market slack, driving gold prices lower. Investors' focus now turns to Friday's release of the US core personal consumption expenditures (PCE) price index, the Fed's preferred inflation indicator. If data shows easing inflationary pressures, it will strengthen the case for an interest rate cut, positive for gold. Conversely, if inflation remains stubborn, it could shake market confidence in a rate cut, causing short-term volatility in international gold prices.
Technical Analysis:
After three consecutive daily gains, gold prices are trading in the overbought zone at 80, signaling a divergence. This is also why, after yesterday's record high of 3790.97, gold prices retreated sharply to support at 51, driven by both technical and fundamental factors. Currently, after three consecutive daily gains, prices are trading significantly below the 10-day moving average at 3693, with the 5-day and 7-day moving averages at 3722 and 3707, respectively. On the short-term four-hour chart, prices are converging around the 10-day moving average. The RSI indicator has turned downward after overbought levels, and the hourly moving averages are converging, pushing prices back below the middle Bollinger Band. Gold prices could see further correction after their sharp rise, with the 3740/80 range being the initial target for the day.
Trading strategy:
Short-term gold: Buy at 3750-3753, stop loss at 3742, target at 3780-3800;
Short-term gold: Sell at 3782-3785, stop loss at 3794, target at 3650-3630;
Key points:
First support level: 3750, second support level: 3735, third support level: 3712
First resistance level: 3778, second resistance level: 3791, third resistance level: 3808
XAU/USD(20250924) Today's AnalysisMarket Analysis:
Federal Reserve Chairman Powell stated that the policy rate remains somewhat restrictive, but allows the Fed to better respond to potential economic developments; tariffs are expected to have a one-time pass-through effect; and decisions will "never be based on political considerations." Fed spokespersons noted that Powell's comments indicate he believes interest rates remain tight, potentially opening the door for further rate cuts.
Technical Analysis:
Today's Buy/Sell Levels:
3763
Support and Resistance Levels:
3817
3797
3784
3743
3730
3709
Trading Strategy:
If the market breaks above 3763, consider entering a buy position, with the first target price being 3784.
If the market breaks below 3743, consider entering a sell position, with the first target price being 3730.
Gold All Time High Continue – Next Target?Gold is currently trading around $3688, just above the 3675–3680 breakout zone, which has now turned into a crucial support. Price is moving within an upward channel, but the recent breakout above equal highs and the labeling of a “weak high” suggest that buyers may still push towards the 3740–3750 resistance area before facing stronger rejection. A decisive break above the $3,700–3,750 zone would open the way to targets in the $3,800+ region and eventually toward $4,000 if the Fed proves dovish and ETF/central-bank demand remains strong.
However, failure to hold above 3680 would shift momentum back towards the lower channel, where immediate supports lie at 3565, 3530, and 3498. A deeper breakdown below these levels would open the door for further downside towards the 3440–3400 zone. Any surprise hawkish Fed commentary, a meaningful USD recovery, or a quick drop in inflation expectations could trigger sharper mean-reversion.
Buy Zone & Buy Trigger:
- Buy Zone: 3670 – 3680 area
- Buy Trigger: A clean breakout and 4H close above 3700 will be a buy trigger.
Note
Please risk management in trading is a Key so use your money accordingly. If you like the idea then please like and boost. Thank you and Good Luck!
Gold Rejected at $3,700 – Correction Ahead?Gold (XAUUSD) is currently trading around $3,662 and moving within an upward channel structure, but showing signs of weakness near the resistance zone. Price recently tested the $3,698–$3,700 resistance area and failed to break higher, creating a potential short-term top (marked as a weak high). This rejection signals that sellers are gaining strength. If price fails to sustain above $3,675–$3,698, it increases the probability of a deeper correction toward the lower channel and demand
Overall, Gold remains vulnerable to correction unless bulls reclaim and sustain above $3,700, which would invalidate the bearish setup and reopen the path toward $3,725–$3,750.
🔑 Key Levels to Watch
- Resistance: 3670 – 3690
- Support: 3625 – 3600
📌 Sell Zone & Sell Trigger:
- Sell Zone: 3675 – 3680 area
- Sell Trigger: If Gold retests and rejects the $3,690–$3,700 resistance zone, it becomes a valid sell entry with confirmation of bearish rejection.
Note
Please risk management in trading is a Key so use your money accordingly. If you like the idea then please like and boost. Thank you and Good Luck!
Gold Analysis: Breakout Potential Toward $3,800Gold is trading around $3,715, showing strong bullish momentum after breaking out of the recent consolidation zone between $3,595 – $3,640. Price has respected the ascending channel and is now approaching the $3,725–$3,740 resistance zone, which is a key area to watch. A sustained break above this zone could open the way toward $3,760+ and possibly extend into the $3,800 region if bullish momentum continues.
Gold is consolidating after a strong rally. Holding above the trendline is key—breaking below may lead to a deeper pullback, while a breakout above resistance could push prices toward $3,800. Despite short-term swings, the longer-term outlook stays bullish.
On the downside, immediate support lies near $3,680–$3,660, followed by the support levels at $3,638 and $3,616. Holding above these levels will keep the bullish structure intact.
📌 Sell Zone & Sell Trigger:
- Buy Zone: $3,660 – $3,680 area
- Buy Trigger: A clean breakout above $3,725 – $3,740 resistance → Upside target $3,760 – $3,800.
Note
Please risk management in trading is a Key so use your money accordingly. If you like the idea then please like and boost. Thank you and Good Luck!
Gold rebound weak? A sharp correction?Information Summary:
NATO issued a strong warning regarding Russia's violation of Estonian airspace, heightening uncertainty in international relations. Gold, as a non-sovereign, default-free safe-haven asset, attracted significant safe-haven inflows.
US President Trump's statement, stating that Ukraine is expected to retake its former territory with NATO support, and his tough rhetoric regarding the Russia-Ukraine situation further rattled market sentiment. Meanwhile, during the UN General Assembly, he met with Muslim leaders from various countries to discuss the Gaza conflict and other issues, and these developments also caused significant fluctuations in gold prices.
Market Analysis:
Gold rose and then retreated on Tuesday, closing with a bullish candlestick pattern with an upper shadow. This candlestick pattern reveals two signals. From a bullish perspective, the real body of the bullish candlestick indicates that the overall market still has upward momentum, and the rise and fall have not completely reversed the short-term strong trend. However, the trend indicates resistance near 3790. Selling pressure has significantly increased near this key resistance level, and a brief tussle between bulls and bears has begun in this area.
Quaid believes that the short-term focus should be on market corrections. The current price correction is about to touch the lower track of the Bollinger band. If it stabilizes above 3750 in the short term, the price is expected to hit 3800 again. If the rebound in this correction is weak, the price will most likely retreat and touch 3700.
Gold XAUUSD Intraday Setup 23 Sept 2025Gold has shown strong bullish momentum, breaking above multiple resistance zones and forming a clean rally on the 15-minute chart. After this impulsive move, price is currently retracing, and a key support area lies around 3757–3759, which was previously resistance and may now act as support. A potential long setup forms if price taps into this level, offering a buying opportunity with a target at 3800, aligning with the next psychological resistance, while maintaining a protective stop loss around 3747. This setup reflects a classic resistance-turned-support trade with favorable risk-to-reward.
