XAUUSD (Gold) 30m Trade IdeaGold has broke bearish flag on 30 m TF.
We might see huge downside.
Exit points are given on the chart.
NFA DYOR
Goldprediction
Gold is unpredictable. Stay vigilant.Gold plummeted over $100 on Thursday, its largest single-day drop since May 12th of this year. This, in itself, will have a certain dampening effect on gold bulls. The decline is a technical correction. However, caution is advised: since gold has experienced a sharp drop, its short-term strength will not be as strong as at the beginning of the week. Therefore, there are two possible scenarios for gold's trend: a high-level oscillation within the bullish trend, or a volatile pullback before a rebound. For short-term trading, it is best to go long on dips and be bullish.
From a technical perspective, although the price has experienced multiple pullbacks, it is still trading above 3900. A trend change is possible only if it falls below 3900. The short-term Bollinger Bands on the 4-hour level are closing, and it may fluctuate at a high level for a while.
The current trend is consistent with my earlier prediction: a rebound followed a pullback to 3970. The price also briefly broke through 4020 before a brief pullback. If this rebound breaks through $4000 and remains above 4010, upward pressure will likely focus on around 4030.
Trading Strategy:
Buy in batches between 3960-3970, with a stop-loss at 3050. Profit range: 4010-4020.
Short around 4015, with a stop-loss at 4025. Profit range: 4000-3980-3970.
Beware of false gold price drops and real gold price rises
News：
Although gold prices quickly stabilized and rebounded after the ceasefire agreement in Gaza, briefly approaching all-time highs, the easing of geopolitical tensions dampened safe-haven buying to some extent, leading some bulls to take profits. Meanwhile, the strong US dollar, which hit a two-month high, caused gold to fall sharply under short-term selling pressure. However, gold prices stabilized and recovered nearly half of their losses, indicating that market expectations of Fed rate cuts and the continued US government shutdown continue to attract bargain-hunting and safe-haven buying, providing support for gold prices.
Looking ahead, despite a short-term pullback in gold prices due to easing tensions in the Middle East, the medium- to long-term bullish outlook remains clear. The Fed has begun its interest rate cut cycle, leading to lower real interest rates and reducing the opportunity cost of holding gold. Furthermore, the potential for resurgence in Middle Eastern tensions, the ongoing US government shutdown, continued central bank gold purchases, and high uncertainty in the global economy and trade are all factors that could support further price increases.
Specifically:
The four-hour lifeline is currently around 4000, serving as the dividing line between volume and rhythm. Below this level, focus on the range from the lifeline to the lower band (4000-3940). Above this level, focus on the range from the lifeline to the upper band (4000-4040).
The upper double-line support on the hourly chart, in conjunction with the ascending channel, forms an upward trend. The upper double-line support is at 3995, and the channel range is 4040-3940.
Yesterday, the price fell below 4000, falling back into the ascending channel, extending the decline. After breaking below the upper double-line support, the price confirmed resistance at the upper double-line support in the 3995-4000 range in early trading today, continuing to suppress the decline and searching for the 3975-65 range. The upper double-line support is currently at 3990, and the dividing line remains at 4000. The upper channel band is at 4045, and the lower channel band is at 3935.
Trading strategy:
Buy: 3975-3960, SL: 3945, TP: 4000-4030
Gold rebounded. Has it reached its peak?Gold has finally experienced its first pullback, falling from a high of 4058 to a low of around 3944, a drop of over 100 points. This marks the first significant pullback since the recent surge in gold prices. The main reason for the sharp pullback in gold prices is the strong dollar rally following the ceasefire agreement between Israel and Hamas, which allowed investors to take profits. Gold prices continued to fall from their highs, ultimately breaking below the 4000 mark, forming a short-term double top.
Affected by the sharp drop, the price of gold has effectively fallen below the 5-day moving average support, and the short-term moving average support function has become ineffective. After Friday's opening, gold prices traded between the 5-day and 10-day moving averages, entering a transitional consolidation range within the short-term moving average. The 5-day moving average has now turned upward, and the 10-day moving average has crossed the 20-day moving average, indicating a flat trend.
The price has currently rebounded near the lower Bollinger Band, and will remain within the upper middle band in the short term.
Short-term support levels: 3970, 3950.
Short-term resistance levels: 4000, 4015, 4030.
Trading strategy:
Short around 4005, stop loss at 4015, profit range 3960-3940.
Long around 3940, stop loss at 3930, profit range 4000-4010.
XAU/USD) – Bullish Channel Continuation with Key Support at $3,9The price is moving within an ascending parallel channel, showing an overall bullish trend.
Currently, gold is trading near $3,996, close to the 70 EMA ($3,991).
A support zone is marked around $3,919–$3,950, which has held price action several times.
🔹 Key Levels
Support zone: $3,919 – $3,950
Immediate resistance: Around $4,000 (psychological level + EMA area)
Target point: $4,065
Loss point (Stop-loss): Below $3,919
🔸 Technical Outlook
Trend Direction:
The upward channel and higher highs indicate continuation of the bullish trend unless price closes below $3,919.
Short-term Movement Expectation:
Price might retest the support zone ($3,950–$3,920).
If support holds, an upward bounce toward $4,065 is likely.
If it breaks below $3,919 with volume, price may fall toward $3,870–$3,850 (lower channel line).
EMA Behavior:
The 70 EMA is currently acting as dynamic support; staying above it keeps the bullish momentum intact.
🎯 Trading Plan Suggestion (Technical Only)
Buy zone: $3,940–$3,960
Take profit: $4,060–$4,070
Stop loss: Below $3,915
Prices fluctuated wildly. Downward pressure persists.On Thursday, the market experienced significant price fluctuations, correcting around 4041.5 before rapidly rising, reaching a high of 4058.2. However, the market reversed during the US trading session. Influenced by news of a ceasefire in the Middle East, prices plummeted below the 4000 mark, reaching a low of 3943.3 before consolidating and closing at 3976.9.
This converging pattern indicates that short-term downward pressure persists.
Short-term Trading Focus:
1. Focus on the 4000 mark. If the price rebounds near this level, consider shorting.
2. After breaking through 4000, consider a final short position at 4020.
Profit targets are 3980-3960. Further declines could target 3945-3920.
A long strategy can start with a small long position around 3945, with a profit range of 3980-4000.
Gold - Sell near 3991, target 3949-3920Gold Market Analysis:
Yesterday, gold surged and then retreated, reaching a daily high of 4059, where it formed a double-top M pattern. Yesterday, it retraced sharply to around 3945. This signals a short-term top, but not a long-term top. A negative close on the daily chart still doesn't confirm a change in the long-term trend. We remain bullish on the long-term trend. Yesterday, we positioned ourselves at 4006, bought until we took profit at 4025, and then bought again at 4009, taking profit at 4028. Because the daily chart closed negative, our strategy for today needs to be adjusted. We will sell high in the Asian session, relying on the new resistance at 4000 to sell. Today is Friday, and I anticipate a pullback on both the daily and weekly charts, with the weekly chart also likely to have an upper shadow. There's no such thing as a one-way rally; when the market gets tired, it needs a break. The above analysis chart reflects our strategy for today. The Asian session's highest rebound reached 3994 before being suppressed. This level also represents hourly resistance. Selling near this level in the Asian session is still acceptable. The current decline cannot be confirmed as a major sell-off; we need to wait and see where the resistance level lies before considering it. The daily moving average has just been broken, so we may need to gamble.
Resistance levels are 3994 and 4000, with strong resistance at 4016. Support levels are 3940-3945, and the market's strength-weakness dividing line is 3982.
Fundamental Analysis:
The news of a ceasefire in Gaza in the Middle East weighed on gold, contributing to last night's plunge. Long-term, the Federal Reserve's monetary policy and the situation between Russia and Ukraine still support buying in gold.
Trading Recommendations:
Gold - Sell near 3991, target 3949-3920
XAU/USD Intraday Plan | Support & Resistance to WatchYesterday, we noted the need for a confirmed break above 4046 to sustain bullish momentum.
However, gold failed to hold above the level, leading to a sharp pullback into lower support zones.
Price is now trading below 4000 and under the 50MA, showing short-term bearish pressure.
A clean break above 4000/MA50 could reignite bullish momentum toward 4020 → 4046 → 4,064. Failure to reclaim 4000 risks a deeper retracement toward 3937 (Secondary Support Zone) and 3909–3881 (Deeper Support Zone) where the MA200 may provide dynamic support.
📌 Key levels to watch:
Resistance:
4000
4020
4046
4064
Support:
3970
3,937
3,909
3,881
🔎 Fundamental Focus | Fri, Oct 10
Today’s key data includes Prelim UoM Consumer Sentiment and Inflation Expectations, alongside multiple FOMC speeches (Daly, Goolsbee, and Musalem) — all of which could provide fresh policy clues and volatility for gold.
⚠️ Note: The US government shutdown continues to impact economic data releases, causing uncertainty around timing, revisions, and overall market reliability.
Gold 1H – Price Reaction Ahead of U.S. CPI DataXAUUSD – Intraday Trading Plan | by Ryan_TitanTrader
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📈 Market Context
Gold prices remain steady around $3,975, as traders await the U.S. CPI data release later today — a key event that could shape expectations for the Fed’s next rate move.
If inflation cools, the dovish sentiment may boost gold’s safe-haven appeal; however, a hotter CPI print could trigger renewed dollar strength and short-term pressure on XAUUSD.
Market volatility is expected to spike near the release, so liquidity grabs and false breaks are likely before the true direction forms.
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🔎 Technical Analysis (H1 / SMC Style)
• The recent Change of Character (ChoCH) confirms short-term bearish control after breaking the bullish structure near 4017.
• FVG Sell Zone (4015–4017) aligns with premium imbalance and prior liquidity — ideal for short setups if price retests that zone.
• BOS to the downside was confirmed at 3960, showing sellers in control.
• The discount zone 3908–3910 is a strong demand area where buyers may step in after liquidity sweep below 3910.
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🟢 Buy Zone: 3908–3910
SL: 3900
TP targets: 3920 → 3940 → 3960+
🔴 Sell Zone: 4015–4017
SL: 4022
TP targets: 4000 → 3985 → 3970
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⚠️ Risk Management Tips
• Wait for M15 ChoCH / BOS confirmation before entering either side.
• Use partial position sizing around CPI release — volatility may cause large wicks.
• Watch for liquidity hunts near 3980–3990 before CPI, then confirm structure direction.
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✅ Summary
Gold is consolidating below key resistance while awaiting U.S. inflation data.
Smart money may engineer a liquidity sweep toward 4015–4017 (FVG) before resuming the bearish leg into 3910.
However, if CPI comes in softer than expected, buyers may defend 3908–3910, sparking a recovery back toward 3980+.
🔔 Stay alert around CPI release hours — expect manipulative price action and confirm structure breaks before committing to directional trades.
XAUUSD: Recovery after the correctionOANDA:XAUUSD After printing a new high at 4059 and retesting the prior high in yesterday’s session, gold came under clear selling pressure. A short-term downtrend has formed. For today’s session, the priority is to look for sell entry when price pulls back into the resistance zone. You can read my previous analysis here:
Today’s balance level: 3950 . If 3950 breaks to the downside, price may continue lower toward before a recovery develops.
📉 Analysis
The short-term structure has shifted to lower high/lower low (LH/LL) intraday , consistent with a tactical correction.
The zone is also a Margin Zone , containing significant CME liquidity and a cluster of Long-call contracts from prior sessions.
Key resistance:
Strong resistance:
Strong support:
📊 Trading Plan
Buy the dip:
Wait to buy at with confirmation.
Targets: first 3950, then .
Stop: below the M5 low of the signal candle. Move to BE at +1R.
Sell at resistance:
Watch reactions at .
If a clear rejection appears (rejection/engulfing), consider a sell entry for the next corrective with target is .
Stop: above the corresponding resistance, manage flexibly.
Please like and comment below to support our traders. Your reactions motivate us to produce more analysis in the future 🙏✨
Victor Dan @ ZuperView
Gold fell sharply. Will there be a strong rebound?Affected by the situation in the Middle East, the market has experienced a deep price correction. This correction is primarily due to news headlines; coupled with gold's recent upward trajectory, reaching new highs, most traders are taking profits.
After hitting a low near 3945, the price has experienced a slight rebound.
The 1-hour chart shows that the MA5 and 10 moving averages show signs of crossing upward, while the MA20 and 30 moving averages turn downward, but the trend is relatively smooth; after the price pulls back and touches the lower track of the Bollinger band, although it rebounds slightly, it is still trading in the middle and lower tracks.
In the short term, pay attention to the 3990 resistance level. After breaking through, the price may rebound sharply and reach above the 4000 mark. Quaid recommends a light long position between 3940 and 3950, with a profit range of 3980 to 4000.
If the upward resistance level cannot be broken for a long time, the price will likely correct again, accumulating momentum and waiting for new catalysts to guide the market's new trend.
Has gold’s expected sharp drop signaled a market top?Gold’s movement yesterday was nothing short of thrilling—it broke down and plummeted from high levels, ultimately failing to hold above the critical 4,000 mark.
On the 1-hour chart, the moving averages have started to turn downward. From the 1-hour candlesticks, it’s clear that upward momentum has weakened significantly, and a double-top pattern has already taken shape on this timeframe. In the short term, gold is under pressure below 4,000, so any rally to higher levels presents an opportunity to enter short positions.
The current rhythm of gold is also crucial. If it doesn’t see a sharp pullback during the Asian session and instead maintains strength into the European session, continuing its slow, bullish upward crawl, gold may adjust by "trading time for space." In this case, it could extend its upward move, then surge strongly amid news-driven catalysts to complete a market washout. Therefore, whether gold shows strength or weakness today will be a key determinant.
Anyway, since gold has begun to fall from its highs, it's best to continue shorting in the short term. If the market continues to weaken, we can't rule out a short-term peak in gold.
Resistance Level:3995,4001,4015
Resistance Level:3944,3930,3910
Trading Suggestions:
① Short gold yesterday after it started falling from 4058 and rebounded to 618, or around 4015.
② Short gold around the top-bottom reversal point of 4000.
Short positions entered yesterday with me at 3977 can continue to be held. If the market rises to 4000, increase your position and continue shorting gold.
For specific trading decisions, please follow my real-time updates. I update my trading ideas and strategies daily. If you don't have a plan or strategy for gold trading and are struggling to achieve consistent and stable profits, you can refer to and follow my updates as a reference and guide to help you avoid mistakes.
Analysis of the latest gold price trends today!Market News:
Spot gold fluctuated around $3,980/oz during early Asian trading on Friday (October 10). Yesterday, gold plummeted by over $115, falling below the $4,000/oz milestone, which it had recently broken. The plunge in London gold prices was primarily due to a stronger US dollar and, following the ceasefire agreement between Israel and Hamas, international gold investors took advantage of the opportunity to take profits. Looking back this year, gold, as a non-interest-bearing asset, has attracted significant capital inflows as a hedge amid growing global uncertainty. However, the ceasefire agreement acted as a dampener, dampening short-term speculative enthusiasm and leading to a brief panic sell-off. The gold market may enter a period of consolidation. While the Federal Reserve's path for rate cuts is cautious, underlying vulnerabilities in the job market still support easing policies. Investors should be wary of the potential economic impact of an extended US government shutdown, which could exacerbate uncertainty and drive gold prices higher.
Technical Analysis:
Gold plunged sharply in late trading, breaking through the 4000 mark and hitting a low of 3945. The daily chart closed with a negative dip, retracing back to the 5/7-day moving averages, ending a period of strong buying momentum. Technically, gold is expected to continue its strong week-end correction. The 4057/59 line has formed a double top on the hourly chart, while the 4040 moving average high on the four-hour chart has formed a death cross, opening downward. Sell high on the rebound and buy low to support the week-end trading. Currently, gold is forming a double top on the four-hour chart. The 4000 mark could serve as the neckline, and it has already broken through, which is consistent with our expectation of a short-term correction. Having broken through 4000, the double top has been established. Further declines will continue to target around 3930. If further breaks occur, keep an eye on 3900. As for whether the rally has ended, it's still uncertain. We can only view this as a mid-term correction under a strong trend. After all, given the broader trend, conditions for a major decline are not currently in place. Future buying and selling will focus on the battle for 3900. A break below 3900 will signal the end of the buying trend.
Trading Strategy:
Short-term gold buy at 3940-3943, stop loss at 3932, target at 3980-4000;
Short-term gold sell at 3997-4000, stop loss at 4008, target at 3960-3940;
Key Points:
First Support Level: 3970, Second Support Level: 3952, Third Support Level: 3933
First Resistance Level: 4000, Second Resistance Level: 4016, Third Resistance Level: 4040
Gold sees regular profit taking, direction unchanged
News：
Gold futures weakened during U.S. trading on Thursday (October 9th). This followed Wednesday's record high, prompting short-term futures traders to take profits. The ongoing U.S. government shutdown and other geopolitical uncertainties are keeping safe-haven demand for precious metals steady, which will provide short-term support for both precious metals.
Global stock markets saw mixed overnight performance, but overall strength was evident. After hitting record highs overnight, U.S. stock indices are expected to remain stable upon the New York market open.
Specifically:
Technically, December gold futures bulls have a significant overall near-term technical advantage. Bulls' next upside price objective is closing futures prices above key resistance at $4,100.00.
Bears' next near-term downside price objective is pushing futures prices below key technical support at $3,850.00.
First resistance is seen at the all-time high of $4,080.00, followed by $4,100.00. First support is seen at the overnight low of $4,020.20, followed by $4,000.00.
Strategy：
Long Position3960-3950，SL:3940，Target:4000,4030
The idea of shorting in the 4040-5050 area is correct!This time the decline is not an ordinary market fluctuation, but a wash-out correction with obvious rhythm and purpose. From the perspective of technical structure and market sentiment, this deep and rapid decline is often accompanied by the main funds cleaning out the retail investors' positions. I previously pointed out in my analysis that after a period of strong gains, gold faces significant short-term correction pressure, especially as prices approach key resistance levels. Bullish momentum is beginning to weaken, and trading volume has failed to expand consistently, indicating a weakening appetite for higher prices.
I especially remind investors to be wary of the risk of a sharp correction in gold in the short term, and clearly suggest that a short-selling strategy can be considered in the range of 4040 to 4050. This assessment was based on multiple factors: overly optimistic market sentiment, resulting in concentrated positions and the need for a correction; and marginal changes in some macroeconomic data, adding uncertainty to the precious metal's trajectory. Subsequent market developments fully verified this prediction - gold prices quickly fell after coming under pressure in this area, dropping by more than a hundred US dollars in just one trading day, showing strong downward momentum.
For investors who agree with and implement this strategy, they are undoubtedly seizing a high-probability, high-return trading opportunity. By rationally building positions within the suggested range and employing effective risk management, doubling returns is easily possible. For those investors who chose to go against the trend and buy the bottom and blindly increase their positions during this decline, they may have already been under considerable financial pressure. At this time, it is crucial to calmly review the market trends and re-evaluate their trading logic, avoiding emotional trading.
I suggest that such investors carefully review my analysis ideas. Every sharp fluctuation in the market is an opportunity to learn and grow. Only by constantly summing up experience and following trends can we improve the winning rate and stability in future transactions.
For the current trading strategy, I suggest waiting and seeing first! Wait for the market to stabilize. If there is a suitable opportunity, I will notify you in time. You just need to stay tuned!
Gold enters the adjustment phase, rebound and then shortGold has broken below its rising trend line, entering a correction phase. After breaking below 4000 points, it has experienced a waterfall-like decline, forming a double top.
Our short positions entered below 4050 have all yielded good returns, in line with our recent short-selling expectations. The main reason for tonight's sharp drop is profit-taking at high levels, coupled with the easing of Middle East relations. Since gold has fallen below 4000 points, a continued downward correction to test 3900 is highly likely in the short term.
Operation strategy: Continue to enter short positions at 3977 (the position of the previous rising top and bottom conversion), target 3944.
Resistance levels: 3977, 3986, 4000
Support levels: 3944, 3930, 3900
For specific trading decisions, please follow my real-time updates. I update my trading ideas and strategies daily. If you don’t have a plan or idea about gold trading and cannot achieve sustained and stable profits, you can refer to and follow my updated content as a reference and guidance to help you avoid mistakes.
XAUUSD 15m – EW Long SetupHi fellow traders,
On the 15m XAUUSD chart, I am applying Elliott Wave principles to outline a potential long setup. Price appears to have completed wave (iv) and is showing early signs of reversal from the golden box area, suggesting that wave (v) may now be underway.
I am entering at the current price, with a Stop Loss at 3940.00, serving as the invalidation level. My Take Profit is set at 4078.87, targeting the projected completion of wave (v). If price moves below the invalidation level, this wave count is no longer valid.
Good luck and trade safe!
Gold’s Pullbacks Reveal Bearish Strength — 3960 in Sight!After gold retreated from around 4060, it encountered resistance and fell back frequently during the rebound. Although gold still maintained an overall bullish trend, the bullish momentum has obviously weakened, and the short-term gold market has entered a high-level fluctuation stage. Currently, the highest level of gold has reached around 4060. According to the current structure and rebound momentum, if gold cannot effectively break through the recent high of 4060, then gold is likely to form a secondary high point during the oscillation process and form an M-shaped double top structure with the recent high point.
Therefore, although gold is in an overall bullish trend, we still cannot ignore the considerable risk of a pullback in the short term before it effectively breaks through the high of 4060. At present, gold is testing the 4000 mark under the pressure of technical patterns. If the 4000 mark cannot withstand the test, gold may continue to retreat to the area around 3960.
Therefore, in short-term trading, we can still consider waiting for gold to rebound to the 4030-4040 area and try to short gold, first aiming at the retracement target area: 3990-3980; followed by 3960-3950!
XAUUSD 15m – EW Short SetupHi fellow traders,
On the 15m XAUUSD chart, I am applying Elliott Wave principles to outline a short setup. Price has completed wave (v) and is now retesting the Fibonacci cluster between the 0.618 and 0.88 retracement levels, which aligns with a potential reversal zone.
I am entering at the current price, with a Stop Loss at 4059.16, serving as the invalidation level. My Take Profit levels are set at 3991.32 (TP1), 3985.71 (TP2), and 3965.74 (TP3), targeting the projected completion of the next corrective leg.
If price moves above the invalidation level, this wave count is no longer valid.
Good luck and trade safe!
Gold is experiencing a pullback. Trend Analysis.Spot gold fluctuated and weakened in early Asian trading on Thursday, falling nearly 1% to near the $4,000 mark, hitting a low of $4,001.33. However, it quickly rebounded above $4,020, buoyed by buying. On Wednesday, gold prices not only broke through $4,000 for the first time, but also hit a new all-time high of $4,059.07, driving silver prices to a record closing high.
However, just as the rally was in full swing, a sudden turn in the Middle East geopolitical situation—a ceasefire agreement between Hamas and Israel—quickly cooled market risk aversion, leading to a pullback in gold prices on Thursday. This warrants investor caution. Investors should monitor further news on the Middle East situation and shifts in risk aversion, wary of the possibility that this factor could prompt more long-term profit-taking, triggering a deeper correction in gold prices. They should also be mindful of any dip-buying support.
After Wednesday's rally, gold reached a high near 4059. It reached a high during the consecutive Asian and European sessions, then retreated slightly in the US session, reaching a low near 4000, consistent with the previously analyzed strategy of buying on dips to key levels.
In the short term, maintain a bullish long position, with 4000 as a defensive level. Focus on the previous high of 4060. If it doesn't break, take short-term profits. If it does, the market could potentially head towards 4100 or even higher.
In addition, keep an eye on Thursday, which could be a turning point this week, potentially leading to a sweeping decline.
Overall, the short-term operation strategy for gold is to focus on the 4050-4060 resistance, and the short-term support below is 4000-3990.
Strategy:
Go long near 4010, with a stop-loss at 4000. Profit range: 4650-4060.
The adjustment has begun, seize the opportunityGold has remained in overbought territory for the past month. After four consecutive days of strong gains, investors have taken profits, and gold's safe-haven appeal has waned. US President Trump stated that a resolution to the Middle East conflict is "very close." Previously, Israeli and Hamas officials expressed cautious optimism about ongoing negotiations in Egypt, believing that the two-year Gaza conflict could end.
From a technical perspective, the RSI indicator has been in the overbought range. As mentioned before, the recent rise in gold was driven by news. When geopolitical tensions ease, gold will definitely adjust. Today's trend is in line with our expectations. At this stage, we only need to focus on the 4000 point support. If it falls below this position, the next support will be at 3977-3980.
Those who followed me in entering short positions below 4050 today have already taken profits on some of their positions near 4020, and will gradually take profits on the remaining positions near 4000.
For specific trading decisions, please follow my real-time updates. I will update my trading ideas and strategies daily. If you don’t have a plan or idea about gold trading and cannot achieve sustained and stable profits, you can refer to and follow my updated content as a reference and guidance to help you avoid mistakes.
Gold: Buy around 4002, target 4030-4059Gold Market Analysis：
The current high on the daily chart has reached 4059, a level so strong it's causing some serious doubt. Don't question the buying trend or speculate on the top. Even the sharp pullback in the Asian session was just a normal technical retracement. Many people are starting to speculate, thinking it's reached the top. Yesterday, we placed a buy order at 4036, which also saw a significant surge. Today, we bought again at 4006 in the early Asian session, making another profit. Control the rhythm of gold and buy decisively at support levels. I predict a correction today, and any pullbacks during this correction are buying opportunities. Don't sell; the likelihood of selling gold directly is slim. Focus on the minor support level at 3980 on the daily chart. Unless this level is broken, there's little room for selling. Furthermore, 4059 isn't a major top, so there's still the possibility of a new high. The Asian session has been trading in a narrow range, 4000-4036. The hourly resistance level is also around 4039, and the overall data level is near 4000. Today's Asian session will initially target 4000 for buying. If it breaks through 4000 and reaches 3980, we can buy again. Selling around 4039 is a bit aggressive, as the current market is prone to rising but difficult to falling.
Support levels are 3980 and 4000, while resistance levels are 4039 and 4059. 3980 is the dividing line between strength and weakness.
Fundamental Analysis:
Recent fundamentals and data have been relatively benign, with no significant market stimulus. We need to monitor the Federal Reserve's new monetary policy in October.
Trading Recommendations:
Gold: Buy around 4002, target 4030-4059
