XAUUSD – Price Channel Rising Towards 4000 USD Next Week
Hello Traders,
Every day I share scenarios for you to reference and build your own strategies. And here is the outlook for next week – as gold is in a sustainable uptrend, approaching the psychological mark of 4000 USD.
Technical Outlook
On the H4 chart, gold continues to move within a clear upward price channel.
Every time the price touches the support trendline, a strong rebound occurs, indicating that buying pressure remains dominant.
This price channel has remained stable for many weeks, providing a basis for us to prioritize buying in line with the trend.
The target of 4000 USD is not far off, especially as the fundamental context continues to support the uptrend.
Fundamental Context
The market is expecting the Fed to continue cutting interest rates in October, providing a boost for gold.
Current U.S. financial and economic news is limited, as the U.S. government remains shut down.
Geopolitical factors have somewhat cooled, but gold still holds its position as an important safe-haven asset.
Trading Scenario
1. Buy (main priority):
Entry: 3860 – 3865 (at the rising trendline).
TP: 3960 – 4000.
SL: manage below the trendline.
2. Sell (backup if the channel breaks):
Condition: 3853 is breached.
At that point, a new trend will form, and the Sell scenario will be activated.
Conclusion
Main trend: Buy in line with the rising channel, aiming towards 4000 USD next week.
Sell should only be considered if there is confirmation of a break below 3853.
The market is in a critical phase, so be patient and wait for a good entry point to trade safely and effectively.
