Gold → Oscillating pattern, short at high levelGold prices hit a record high of 3895 yesterday before retreating. Unlike previous declines, yesterday's retreat didn't offer the same swift rebound as before. As prices gradually climbed, nearing $600, a divergence in funds among bulls began to emerge. Some investors began to take profits, leading to short-term profit-taking and a short-term correction.
Regarding today's market trends, in the short term, we should keep an eye on support at 3853, a key support point mentioned yesterday. At this time, we should look at it from the perspective of strong fluctuations. That is, the possibility of breaking the high again is not high, so we should arrange the layout around the fluctuation range of 3895~3828. As further breaks above this high are unlikely, we should prioritize range-bound trading between 3895 and 3828.
Resistance levels: 3882, 3895
Support levels: 3853, 3828
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Goldpreis
Waiting for a trend? A continued rise?In early Asian trading on Wednesday, prices rallied before retracing several times, providing continuous confirmation of bullish entry opportunities. Prices surged sharply around the European session, accelerating past the highs and encountering short-term resistance below the 3900 mark. The US ADP data, released below previous expectations, failed to drive price gains, suggesting the market may test support levels in the short term.
Gold prices are currently fluctuating around 3865. Bulls are focusing on $3850, which has become effective support. Go long immediately upon reaching this target. If prices successfully rise from around 3850 and stabilize above 3875, bulls will likely continue their push towards the 3900 mark on Thursday. Conversely, if prices fail to hold above this level, prices are likely to develop a shoulder-top pattern and experience a short-term correction.
Trading strategy:
Go long in the 3850-3855 area, with a stop-loss at 3840 and a profit target at 3875. Break through 3875 and stabilize in the European session, then go back to 3870 to cover the position, with the profit target at 3900.
Gold - Buy near 3842, target 3899-3950Gold Market Analysis:
Gold's strength is making me question my own life. Yesterday, we saw gold quickly break through 3800, and we immediately bought at 3801 to take profits. The current pattern suggests it still has room to rise. It hasn't peaked, and there aren't any signs of a stop. Today's strategy remains bullish. Don't sell. If you try to intercept a market like this, you'll easily get hurt. We're looking for opportunities that follow the trend. Note that today is the close of the September monthly line, which opened near 3443. September's gold price surge was the largest monthly gain in recent years, meaning a break above 4000 in October is imminent. This also confirms the saying that September is the golden month, and October is the silver month. Gold has multiple fundamental supports, allowing it to rise steadily. Furthermore, after each cycle of gains, there has been no significant pullback. The long-term bullish trend is undeniable. The Asian session saw another sharp rise, leaving little room for buying. The market chart shows that minor support is also rising. Minor intraday support is near 3833, a level with strong momentum above it. Daily support has already reached 3801. Yesterday's daily chart was flat, so continued gains are inevitable today. We should patiently wait for a minor dip to buy during the Asian session. The likelihood of a major pullback from this current strength is low.
Minor support lies at 3842 and 3833, with no visible resistance. 3833 is the dividing line between strength and weakness.
Fundamental Analysis:
Recent fundamentals revolve around the Federal Reserve's interest rate cuts. This week, we will focus on two major data points: ADP and non-farm payrolls.
Trading Recommendations:
Gold - Buy near 3842, target 3899-3950
Analysis of gold price intraday trend!Market News:
Spot gold prices fell in early Asian trading on Thursday (October 2nd), having hit a record high of $3,895 during the previous session. This was boosted by a weakening dollar and safe-haven demand triggered by the US government shutdown. Weak employment data also reinforced market expectations for a Federal Reserve rate cut this month. The US government shutdown has been a key driver of this week's rise in London gold prices. S&P Global Ratings emphasized that this uncertainty directly impacts the Fed's monetary policy outlook and may even amplify the risk of a recession. Amidst the uncertain global economic outlook, gold is experiencing a strong bull market. Investors who seize the opportunity could reap rich returns. However, caution should be taken against the risk of profit-taking by bulls; rational investment is the key to long-term success. Yesterday's rebound in international gold prices suggests a weakening of short-term upward momentum. Investors should be wary of a further correction triggered by profit-taking.
Technical Analysis:
The US government has entered a shutdown, and the small non-farm payrolls data unexpectedly set a new record with a negative employment figure. Gold hit a new all-time high yesterday, breaking through 3880 and reaching 3895, setting a new all-time high. It surged higher in late trading before retreating to 3855. The daily chart is experiencing significant pressure at and above 3890. The RSI indicator is overbought above the 80-day mark, so be wary of a profit-taking correction in gold prices towards the end of the week. The short-term four-hour and hourly moving averages are converging at high levels, the Bollinger Bands are showing signs of converging, and the RSI indicator is retracing to its mid-axis. A wide range of fluctuations is expected during the day. The daily chart is gradually rising above a single moving average. As long as the support level of the single moving average is not broken, there is no possibility of a turnaround from strength to weakness. The lower support levels are at 3810 and 3750, respectively, on the 5-day and 10-day moving averages. Therefore, the strong will always be strong. Don't be afraid of buying into the rally, but be wary of a pullback and a breakout! The market needs to recover from the decline, but buying with strength is self-evident, and the rise is unassailable. Therefore, we should maintain a bullish buying trend today. Focus on the 4-hour 10-day moving average support at 3833 and wait for intraday corrections to this support level to buy!
Trading Strategy:
Short-term gold buy at 3830-3833, stop loss at 3822, target at 3870-3890;
Short-term gold sell at 3892-3895, stop loss at 3904, target at 3850-3830;
Key Points:
First Support Level: 3842, Second Support Level: 3833, Third Support Level: 3820
First Resistance Level: 3870, Second Resistance Level: 3882, Third Resistance Level: 3898
Pay attention to 3853, and sell short when the price goes high.Currently, gold is fluctuating and adjusting around 3870-72. We have made good profits by shorting gold at 3891. We have already notified the market to lock in profits a few hours ago. From the trend, we can see that the bullish momentum has weakened significantly. At this stage, we just need to wait patiently for gold to break through the support line of 3853.
Resistance: 3875, 3893
Support: 3853, 3828
Gold continues to make new highs. Watch for key support levels.With the government shutdown, data collection and reporting by federal agencies may be delayed or suspended. Therefore, employment and inflation reports scheduled for release in the coming days may not be published, creating uncertainty and fueling a flight to safety.
Since the start of this week, gold has essentially set new all-time highs almost daily. While there have been significant pullbacks, they have been short-lived, and gold has rebounded to new highs. The surge in gold suggests that pullbacks are merely opportunities to buy.
On the 1-hour chart, after reaching its all-time high of 3895, gold's momentum has slowed. The moving average system is flattening out, and after several attempts to break below support, gold has rebounded. In the short term, there is strong support below, with the lowest point reached at 3856. As long as gold doesn't break below 3856, it is likely to continue its strong upward trend.
Trading Strategy:
Buy at 3855, stop loss at 3845, target profit range: 3880-3890-3900.
Fear-driven pullback? Still strong.From a daily chart perspective, gold is currently in a very strong uptrend. The price has been steadily rising, supported by the 5-day moving average, and has seen four consecutive days of gains. Wednesday is expected to see further upward momentum.
The Bollinger Bands are widening upwards, and the moving average system is perfectly aligned in an uptrend, confirming the strength of the upward trend. The key support level is around 3820. As long as the price doesn't break below this level, the strong uptrend will likely continue. Therefore, the trading strategy should remain focused on buying on dips.
The 4-hour chart shows that while there was a significant pullback on Tuesday, the price did not break below the middle Bollinger Band. Following this, a strong rebound quickly recovered the losses and reached a new high, indicating that the previous decline was merely a technical correction, not a trend reversal. In terms of short-term operations, we need to focus on the key support area of 3855-3850 below, and we can wait for the price to fall before choosing an opportunity to go long.
Trading Strategy:
Buy at 3855-3850, with a stop loss at 3840. Target profit levels: 3880, 3890, 3900.
Gold prices soar, where will the short positions go?Currently, gold is encountering resistance and falling back near 3893-3895, and the bullish momentum has weakened slightly. As mentioned earlier, the current price has reached our risk area. A large part of the reason for today's rise is that the US government has officially shut down. This kind of news-stimulated rise is not long-lasting. After encountering resistance, it will fall like a waterfall. The technical indicators have diverged and are overbought, and most funds cannot participate in long transactions in this extreme rising pattern. In order to increase liquidity, gold also needs a correction, so we consider continuing to short gold near 3893. To increase liquidity, gold also needs a pullback, so we are considering continuing to short gold around 3893.
Resistance: 3900, 3925
Support: 3872, 3843
Gold Hits New Highs; Can It Break Through 3900?This week, key economic data releases to watch include the US ADP employment report, the ISM Manufacturing PMI, and the crucial September non-farm payrolls report. If data continues to show a slowdown in the U.S. economy, it will reinforce expectations of a rate cut by the Federal Reserve, which will be good for gold.
While an October rate cut is highly anticipated, any clues about the future path of interest rates could cause market volatility.
On Wednesday, gold generally showed a volatile upward trend, breaking through a new all-time high in early Asian trading, reaching a high of 3895.37. The 3900 level seems unable to halt the price's upward momentum. From the perspective of technical indicators, the 1-hour chart shows that the price rebounded on Tuesday and touched the lower track of the Bollinger Band, and then rose strongly to a new high of 3875. The moving average system is arranged in a straight line upward, and the momentum of gold bulls remains abundant.
The 4-hour moving average shows a golden cross bullish arrangement, the price remains above the 5-day moving average, the gold price is above the middle Bollinger band, the gold bulls are strong and remain unchanged. In the short term, pay attention to the MA10 moving average position of 3870-3875 area. You can still go long when the price pulls back to this position.
Trading Strategy:
Buy around 3870, with a stop loss at 3860. Target profit range: 3890-3900. Hold the position if it breaks above 3900.
Gold Holds Near Record Highs📊 Technical Structure
TVC:GOLD (XAU/USD) continues to consolidate near its all-time high, with price currently trading around $3,863 after retreating slightly from the peak. The chart shows a clear bullish channel, with immediate Support Zone at $3,840–$3,847 and a Resistance Zone at $3,900–$3,905. Any corrective dips into the support area are likely to attract fresh buying, keeping the upside bias intact.
🎯 Trade Setup
Entry: $3,847 (near support retest)
Stop Loss: $3,836 (below channel and support zone)
Take Profit: $3,905
R:R Ratio: ~1 : 5.13
🏦 Macro Background
Gold’s bullish momentum is underpinned by three key themes:
US Government Shutdown Risk – A Republican spending bill failed in the Senate, increasing the likelihood of a partial shutdown, which supports safe-haven demand.
Dovish Fed Expectations – Markets are pricing in a 95% chance of a rate cut in October and a 75% chance of another in December, keeping USD under pressure.
Geopolitical Risks – Rising tensions over US missile supplies to Ukraine and Middle East instability continue to drive safe-haven flows into bullion.
Together, these fundamentals reinforce gold’s upside bias, making dips attractive for buyers.
🔑 Key Technical Levels
Resistance Zone: $3,900 – $3,905
Support Zone: $3,840 – $3,847
📌 Trade Summary
Gold remains in a bullish consolidation phase near record highs, with the path of least resistance to the upside. A retest of the $3,840–$3,847 support zone may provide a solid long opportunity targeting $3,900+. Fundamentals continue to support safe-haven demand and weaken USD, keeping gold well-bid.
⚠️ Disclaimer
This analysis is for reference only and does not constitute trading advice. Trading involves significant risk, and proper risk management is essential.
Gold Volatility: New Highs Ahead?Gold bottomed out and rebounded on Tuesday, breaking below the 3800 level with a significant decline. Most market participants expected a trend reversal; however, the subsequent rise during European and US sessions demonstrated the strength of the bullish sentiment, driving gold sharply higher.
The bullish momentum remains strong in the short term, with gold consolidating around 3860. The fresh high reached in early Asian trading, around 3875, further reinforced the bullish sentiment.
The 1-hour line is also rising in slow fluctuations. In the short term, we need to focus on the trend of the European session. If the bulls are strong, the retracement of the European session will be relatively limited, otherwise it will lose the momentum to continue to attack; and the top and bottom conversion below will also be maintained around 3855, which may form a watershed position.
You can try to continue to go long near this position, and if the European session breaks down, then we need to abandon the long strategy in the US session. Currently, the competition between bulls and bears is fierce, and prudent traders can maintain a wait-and-see attitude for a period of time.
For more aggressive traders, consider buying around 3855, with a profit target of 3880-3890 and a stop loss at 3845.
Gold experiences a correction. The bull market continues.Gold saw a sudden and significant pullback on Tuesday, but under the influence of a series of risk-averse news related to the potential US government shutdown, gold bulls rallied again, pushing prices higher. Gold closed the day at a high level. The strength of the gold bulls remains robust; this single-day correction suggests that the upward momentum for gold is still strong.
Although gold fell significantly, it did not break below the key support level of 3791, indicating that the bears did not gain complete control. After a short-term correction, the bulls launched a counterattack. The 1-hour moving average for gold remains upward, with no signs of a trend reversal. The bullish momentum for gold is still strong, and the moving average support has now moved to around 3828.
Quaid believes that gold may continue its upward trend, as the current gold bull market is unlikely to end soon. Quaid recommends continuing to buy on dips, maintaining a bullish stance on gold.
Trading Strategy:
Buy around 3825-3830, with a stop loss at 3805, and target profit levels of 3865-3875.
Gold enters the overbought zone, you can short it on ralliesWhy is gold so strong? Ultimately, it's driven by multiple factors: the Federal Reserve entering a cycle of rate cuts, financial and trade factors, and war. However, this doesn't mean gold won't need a short-term correction! Large cycles provide directional guidance, while smaller cycles determine the rhythm.
Yesterday, the gold market completed its final formation for September. After a strong, volatile rally at the beginning of the month, it broke through multiple round numbers, reaching a record high of 3872 in late trading before consolidating. The monthly line finally closed at 3858, forming a large, saturated bullish candlestick with a slight shadow. This monthly gain of over $400 is primarily due to the Federal Reserve's initiation of a new round of rate cuts against the backdrop of poor US data, which heightened market risk aversion, and the intensified conflict in the Middle East and between Russia and Ukraine. This strong upward trend has led to a strong upward trend. While this large bullish candlestick has the technical potential to continue its upward trend, a rapid short-term rise can also lead to a technical divergence. If the market continues to rise without adjustment and encounters resistance, it can easily lead to profit-taking.
As mentioned before, the increase this time has exceeded 500 US dollars, which has entered our risk zone. Technically, it has deviated from the pattern and entered the overbought zone. Most people in the market are bullish now, but I think the benefits of chasing the rise now are greater than the risks, and there are still opportunities to make profits by shorting gold. So today we are still considering shorting gold on rallies.
Resistance: 3872, 3893
Support: 3843, 3812
If you don't have a detailed trading plan for gold, follow my updates. I'll update my strategies and ideas daily for your reference, helping you avoid detours on your trading journey.
XAU/USD) Bullish trend analysis Read The captionSMC Trading point update
Technical analysis of XAU/USD (15m timeframe) chart analysis:
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Bullish Gold Setup
Chart Pattern: Price broke out of a triangle consolidation after retesting the order block (OB, yellow zone). This signals accumulation before continuation.
Order Block (OB): The zone around 3,836 – 3,840 acted as a strong demand area. Price respected it and bounced back.
EMA Support:
50 EMA (red) is sitting just above the OB, providing short-term support.
200 EMA (blue) is trending upward, confirming underlying bullish bias.
Projection: The breakout is expected to expand higher toward the measured move target.
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Target Point
3,883.44 is the projected upside target.
This aligns with the breakout projection and prior liquidity grab zone.
Mr SMC Trading point
Trading Idea
Bias: Bullish.
Entry Zone: Pullback toward 3,836 – 3,840 OB for confirmation.
Target: 3,883.
Invalidation: A breakdown below 3,816 (200 EMA) would invalidate the bullish setup and suggest deeper retracement.
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Bullish sentiment dominates, sweeping all before it?The gold market witnessed a dramatic V-shaped rebound. After initially breaking through the key $3800 support level, bearish sentiment briefly dominated.
However, the market sentiment abruptly shifted due to two pieces of news: Fed officials signaled a potential interest rate cut, suggesting the high-interest rate environment may be nearing its end; and Trump's announcement of a significant increase in military spending to $1 trillion by 2026, further fueling geopolitical uncertainty. These two factors combined ignited safe-haven buying, providing strong support for gold.
Gold prices then staged a 360-degree turnaround, rallying strongly. This bottom-reversal pattern clearly demonstrated the strength of the bullish forces. The price not only recovered above the $3830 support level but also formed a strong bullish technical pattern, indicating a significant shift in market sentiment towards optimism, with lower support solidified and bearish resistance effectively overcome.
Trading Strategy:
Continue to buy at $3835-$3830, with a stop loss at $3820 and a profit target of $3860-$3870.
XAU/USD) Bullish trend analysis Read The captionSMC Trading point update
Technical analysis of Gold (XAU/USD) 30-min chart you shared:
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Gold (XAU/USD) – Bullish Setup (M30 Chart)
Market Structure:
Price is moving inside a bullish ascending channel.
Current retracement is pulling back toward a fair value gap (FVG, H4) highlighted in yellow.
Price is still holding above the 50 EMA (3806.16) and 200 EMA (3766.40), both sloping upward → confirming bullish momentum.
Key Levels:
Support Zone (Demand / FVG H4): 3810 – 3820 region (yellow box).
EMA 50: Acting as dynamic short-term support around 3806.
EMA 200: Stronger bullish base at 3766.
Target Point: 3857.19 (resistance zone & top of channel).
Price Expectation:
Likely scenario:
Price may retrace into the FVG support zone → bounce upward → continue inside the channel toward the target point 3857.
As long as the structure holds above 3806 (EMA 50), the bullish setup remains valid.
Mr SMC Trading point
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Bias: Bullish
Target: 3857.19 Key Support: 3810 – 3820 zone (FVG + EMA confluence)
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Gold surged and then fell, continue to short at highsGold showed a trend of rising first and then falling today. The highest point reached around 3872 and then encountered resistance and pulled back. The lowest point reached around 3793 and then stabilized and rebounded upward. The gold daily level is a big positive line, and it is still in a bullish trend. It rose again after a deep correction today, indicating that gold needs to be adjusted. From the perspective of technical analysis at the one-hour level, the gold trend shows an obvious bearish engulfing pattern. For bulls, the market needs to go through a period of consolidation if the uptrend is to resume. Therefore, any rebound presents a shorting opportunity.
Resistance: 3845, 3868
Support: 3791, 3775
Focus on 3870 and 3825 to determine the short-term direction#XAUUSD OANDA:XAUUSD
The market experienced another rollercoaster ride this evening, with significant price swings that trapped both buyers and sellers, leading to losses for many. The current market is fluctuating at a high level and it is not a good time to enter the market. It is a relatively wise choice to wait and see for the time being. If gold continues to rise around 3870 in the US market and can form an M-top trend in the short term, then I will consider participating in shorting gold moderately. If gold first retreats to around 3825, the intraday starting point, we can still consider continuing to go long on gold. The US government shutdown problem has not been completely resolved, and risk aversion still lingers in the market. Short-term trading is still mainly long, supplemented by short.
Gold retracement? The trend remains unchanged.Gold continued its typical pattern of rising and then falling on Tuesday, reaching a high near 3872 before retracing, and a low near 3793 before rebounding upwards.
The gold daily level shows a large positive line, and it is still in a bullish trend. After a deep correction on Tuesday, it rose again, indicating that gold needs adjustment. Short-term focus should be on whether gold can sustain its upward momentum.
On the whole, Quaid believes that gold is adjusting at a high level and there is a probability of maintaining a range of fluctuations. In short-term operations, a high-altitude and low-multiple strategy should be considered. In the short term, pay attention to the upward suppression range of 3855-3865, and pay attention to the strong support of 3820-3800 below.
Trading Strategy:
Buy in batches between 3830 and 3820, with a stop loss at 3810. Profit range: 3850-3865.
The bullish trend remains unchanged, buy on pullback#XAUUSD OANDA:XAUUSD
Although gold has fallen sharply by nearly $70, the short-term bullish trend has not changed. The risk-averse panic caused by the United States and the Trump administration is still there. After digesting the short-term selling pressure, the market will return to the bullish trend. 3795-3785 below is the second highest point last week. If the US market retreats here, we can consider going long on gold.
How much further can gold fall?From 3758 to 3871.5, nearly $113, it surged nearly $50 today. However, after breaking the high, it reversed course and fell again, dropping over $60.
A sharp drop and slow rise is just the right way to describe today. The current situation is that the price continued to rise and break new highs in the Asian session, then rose and fell in the European session, breaking the lows. After breaking the highs, it broke the lows again, entering a period of correction.
Technically, there is also a need for correction. Once the highs are confirmed, a new round of market movement begins.
The scope for correction is currently estimated to be around $80-100. Of course, judging by the current trend, the price has already fallen below the 3810 area, a drop of over $60.
Expanding the range to $100 could be just a matter of minutes. Keep an eye on the 3800 area, with a particular focus on the 3775 range.
For bulls, Considering this surge, which has already exceeded $500, the largest gain this year, the upward potential is limited, and technical corrections are imminent. Before the previous decline began, we held onto our highs. Now that a decline is likely, we should hold onto our highs even more. As for buying lows, we should wait until the current downward momentum has fully unleashed.
Using the 3880 area as resistance, I began shorting. As the price continues to fall, I've continued to follow the bearish trend.
Currently, the price is in the 3820 area, and I continue to be bearish. Focus on 3805-3800. If it falls below, I'll target 3875.
If you're feeling lost and unsure about where to go in this market, follow my updates and channel. I'll provide daily updates, including details on both long- and short-term trade executions. If you're interested, please share your current positions so we can analyze whether it's safer to hold on patiently or adjust and change positions promptly.
Bulls are going wild. Is a pullback an opportunity?The gold market has recently demonstrated a strong, one-sided upward trend. Gold prices surged again on Tuesday, reaching a new all-time high, confirming the bulls' absolute dominance. The early Asian session low has become a key intraday turning point. As long as prices hold above this level, the short-term bullish trend will persist. Trading strategies should prioritize buying on dips.
Analysis of multiple technical charts indicates a bullish trend. The monthly chart indicates a solid long-term uptrend; the weekly and daily charts are also trading above key support levels, providing support for a medium-term upward trend. The four-hour chart is particularly crucial. After effectively breaking through resistance last Friday, short-term bullish momentum is strong. On the whole, the strategy should continue to follow the trend. The European session should focus on entering the market at key support and resistance levels. The focus on the lower side is the 3850-3840 support line. The short-term target on the upper side can be seen in the 3890-3900 area.
Operational Strategy:
Short at 3875-3880, stop loss at 3890, profit target at 3855.
Long at 3855-3850, stop loss at 3840, target at 3880-3890.
Gold continues to rise. Where will the highs be?Gold prices resumed their record-breaking upward momentum at the start of this week, breaking through 3,800 for the first time and briefly exceeding 3,850. The US government shutdown sparked safe-haven demand, while the Russian military advance has fueled geopolitical unrest, fueling safe-haven flows. Declining US Treasury yields are also positive for gold prices, and these signs are driving another surge in gold prices.
Currently, the gold price is trading around 3846, and the bullish defense line is around 3810. As long as the short-term price rise remains above this area, the bulls will continue to break through the highs.
Conversely, if the month-end close shows a reversal, turning bearish, the first factor to consider is a break below 3,810 before a significant correction is expected. Currently, the focus is on 3,820 for a bullish buy.
Strategy:
Go long around 3,820, with a stop-loss at 3,810 and a profit target at or above 3,850.
After falling below 3810, short sell when it rebounds to around 3815, with a stop loss of $10 and a profit range of 3780.