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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.
OANDA:XAUUSDLong
by Market_Trader1
1
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.
OANDA:XAUUSD
by Market_Trader1
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.
OANDA:XAUUSDLong
by Market_Trader1
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.
OANDA:XAUUSD
by Market_Trader1
Buying momentum continues. Has the top been reached yet?Witnessing history once again, gold hit a new all-time high during the Asian trading session, surging by nearly $48. Why did gold surge again at the start of this week? 1. Growing concerns about a US government shutdown prompted investors to seek safety in traditional store-of-value assets, thus weakening demand for the US dollar and driving gold higher. 2. Ongoing geopolitical tensions, including UN sanctions against Iran, and other risk-averse factors, will continue to benefit gold. After gold broke through a new high, the previous high of 3790 has now become a potential support level. For buyers, they need to see the price close above the psychological level of 3800 to provide additional support for the record-breaking rally. In the short term, expect some price retracement. Quaid believes that if the price remains above 3800 during the European session, the next target could be 3850. A decisive break above 3850 could push gold further to around 3880. Trading Strategy: Buy around 3790, with a stop loss at 3780, and target profit between 3835 and 3850. If the price remains above 3800 during the European session without any retracement, consider a small long position at 3800.
OANDA:XAUUSDLong
by Market_Trader1
1
International dynamics shift. Gold prices rise.Information Summary: The United Nations imposed a new round of tough sanctions on Iran, directly impacting its economy and nuclear program, triggering a sharp escalation in regional tensions. Iran's assertive stance and refusal to compromise have fueled market concerns about escalating conflict. The rapid decline in gold prices was followed by a strong pullback, which fully confirmed the strong bullish sentiment in the market. It is expected that this geopolitical driver will continue to provide strong upward momentum for gold prices. Market Analysis: From a technical perspective, gold closed with a solid bullish candlestick on the daily chart, forming a classic bullish bottoming-out pattern and fully reversing earlier losses. The current gold price has firmly stood above all major moving averages, especially near the 3755 line, which has transformed from resistance to strong support. Influenced by the international situation, bullish momentum is strong in the market. Quaid recommends going long in line with the market, targeting the 3800 integer mark, and continuing to hold positions after breaking through.
OANDA:XAUUSDLong
by Market_Trader1
Gold May Retest 3800 — How to Trade It?Today, gold pulled back to the 20 area and formed a short-term bottom confirmation on the 30M chart with several long lower wicks. Next, watch the 58 resistance. If price breaks and holds above, bulls will gain a clear advantage, with a likely move to test 3800. During this move, the 72–77 zone may provide resistance, but strong bullish momentum is likely to break through it. If gold reaches around 3800 and pulls back, this level will become a new support zone.
FOREXCOM:XAUUSDLong
by China_MsWang
Waiting for the data to be released. Continue to fluctuate?Gold is experiencing a volatile downward trend. On the 4-hour chart, prices are currently under pressure at $3,765. The short-term rebound has completed its technical pattern repair, suggesting further downward movement. The 1-hour chart shows prices trading near short-term support, while the short-term moving average has flattened downward, indicating weakening short-term momentum. Focus on the resistance area around 3,750-3,755 in the short term, while support remains around 3,715. Gold is currently experiencing small fluctuations. Quaid recommends maintaining trading within the 3,755-3,715 range pending the release of the PCE data. New analysis and trading strategies will be provided after the data is released.
OANDA:XAUUSD
by Market_Trader1
Gold is trading sideways. Focus on PCE data.Gold's 1-hour moving average continues to trend downward, and gold bears may continue to exert their strength. Although it remains volatile, the overall trend has begun to fluctuate downward, and each rebound in the 1-hour gold price has been under pressure. On Thursday, the price briefly dipped below the 5-day moving average in Asian trading before stabilizing and rebounding. However, it broke below it again during the US trading session. Although it closed above the moving average, it failed to reverse the weak trend. Currently, 3715 below has become the core support level. If it breaks through this position downward, the adjustment space may open further. The upper resistance will primarily focus on the pressure near 3760. If this position cannot be broken through strongly, the weak and volatile tone will continue. Trading strategy: Short around 3760, stop loss at 3770, profit range 3730-3720. Short around 3760, stop loss at 3770, profit range 3730-3720. Maintain this strategy before the release of the US PCE data. After the data is released, observe market trends and adjust the strategy.
OANDA:XAUUSD
by Market_Trader1
The price fell as expected. Waiting for a rebound?Gold prices fell as expected. Quaid recommends maintaining the strategy and waiting for a rebound before continuing to short. The 1-hour moving average has begun to turn downward, and gold bullish momentum is gradually weakening. US data is slightly bearish, and short-term fluctuations and declines will continue. Despite a slight rebound to 3745, downward pressure remains. Currently, the price is suppressed by the downward trend line, so shorting is still necessary for rebounds. Gold bullish momentum is gradually weakening. Following the market trend and executing a short-selling strategy at the rebound high is market insight. The short selling strategy near position 3755 remains unchanged, waiting for a rebound to continue short selling. If you want to trade aggressively, you can go long with a light position around 3715, and the profit point is above 3735.
OANDA:XAUUSD
by Market_Trader1
A weak rebound? Bearish sentiment persists.Gold saw a correction in the market on Wednesday, starting to decline after rebounding from the high of around 3778 in the European session and continuing into the U.S. session. The lowest point was around 3717, a drop of about 60 US dollars, which was also a heavy blow to the bulls in the recent continuous market. In a pattern of significant gains, without a significant correction, upward momentum will eventually falter. The previous day's high and Wednesday's early Asian session levels also act as key resistance points for bulls. After hitting 3717 in the US market, prices are currently rebounding. Considering the previous gains, the current pullback is not significant. Key resistance is currently around 3755, a key short-term watershed. In the short term, try to short at this position and wait for the second pullback correction. Quaid recommends maintaining short positions near 3755. If there is a significant upward movement in the European session, consider adjusting positions before the US market opens. Trading strategy: Short around 3755, stop loss at 3765, profit range 3730-3720-3700.
OANDA:XAUUSD
by Market_Trader1
Gold prices are correcting and entering a period of volatility.Gold prices rebounded slightly after a sharp drop on Wednesday and are currently fluctuating slightly. From a news perspective, speculation about the continued effectiveness of the Federal Reserve's rate cuts and the entry of global central banks into an era of monetary easing have led to a depreciation of the US dollar, while non-US currencies have temporarily appreciated due to the depreciation of the US dollar. Excessive money supply will also lead to global currency depreciation. Gold prices have continued to fluctuate at high levels, testing support at 3750 and 3715. However, they are still some distance from a top-bottom reversal. However, the upward rebound in early Asian trading coincided with a new top-bottom reversal, with resistance concentrated around $3750. There are currently two positions that need attention, the pressure position of 3750 and the support position of 3710. If either direction is broken within this range, the trend will continue. Short-term volatility is a normal trend, and we should accept this periodic correction. On Thursday, Quaid recommends a light short position at 3750, with a move to long positions appropriate if the price touches 3710-3715. Focus on a breakout of the 3750-3710 range.
OANDA:XAUUSD
by Market_Trader1
Gold is under pressure. Is a correction underway?Gold is fluctuating at a high level on the daily chart, but short-term weakness is evident. On the 4-hour chart, prices have fallen below the range and are currently under pressure near 3750. The candlestick chart continues to trade below the short-term moving average, indicating a generally volatile and weak pattern. The recent rebound has approached a key resistance zone, and a correction is likely after the rebound correction is complete. Although a reversal has formed on the 1-hour chart, the price has stagnated near the pressure band, and the MACD technical indicator has shown a divergence signal. The price is gradually approaching the lower track of the Bollinger band, indicating that the short-term momentum is gradually weakening and there is a probability of turning to adjustment. From a comprehensive technical perspective, gold faces downside risks in the short term. The strength of the correction and the performance of key support levels are key. Focus on the resistance level of 3750 on the upside and the support level of 3715 on the downside. Trading Strategy: Short around 3755, stop loss at 3765, profit at 3730-3720-3710. Long around 3710, stop loss at 3700, profit at 3740 or above.
OANDA:XAUUSD
by Market_Trader1
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.
OANDA:XAUUSD
by Market_Trader1
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.
OANDA:XAUUSDLong
by Market_Trader1
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.
OANDA:XAUUSD
by Market_Trader1
9/23: Focus on Shorts, Watch Support at 3712–3706Good morning everyone! Gold extended its bullish momentum yesterday with a one-sided rally. After holding above 3680, price tested 3721 resistance, pulled back to 3712-3706 support without breaking, and then climbed further toward 3750. 📊 Technical Outlook: 30M chart shows bearish divergence, suggesting possible short-term pullback. 1H chart still supports the bullish structure, though momentum is slowing. Daily close with a strong bullish candle confirms buyers remain in control, but profit-taking and psychological resistance near record highs could weigh on momentum. 📌 Trading Strategy: Avoid chasing longs near 3750 and above; look for short opportunities in this zone. Watch support at 3734-3728, with key zones at 3712-3706 / 3685. If support holds, consider long entries on pullbacks.
FOREXCOM:XAUUSDShort
by China_MsWang
1
Gold is going crazy. Will it continue to break through?Gold hit a new all-time high near 3758 on Monday; on Tuesday, prices continued their relentless rise, currently reaching a high near 3791. From a technical perspective, the Bollinger Bands have opened upward again, and the price is continuing to move within the upper Bollinger Bands, suggesting continued short-term gold gains. Gold is trading upwards, supported by the MA5 moving average. The trend is clear, with minimal room for correction. There's no strong resistance above. The 3780 resistance level I mentioned in the Asian session was strongly broken through in just five hours. Short-term trading remains bullish, with support below the 1-hour line around 3735, and further retracement focusing on the 3725-3715 area. On the whole, the short-term operation strategy for gold is to mainly go long on pullbacks and short on rebounds. The short-term focus on the upper side is the 3790-3800 resistance, and the short-term focus on the lower side is the 3750-3740 support.
OANDA:XAUUSD
by Market_Trader1
Gold fluctuated slightly. Waiting for an opportunity?Gold fluctuated upward on Monday, stabilized in the Asian session, and saw a sharp rise in the European and American sessions. The market on Monday continued the strong performance of last Friday, and gold performed strongly in the short term. After recently breaking through the key resistance level of $3,703, gold broke through the previous high and set a historical high of $3,758. The $3,700 integer mark has changed from a resistance level to an important support level. The gold hourly moving average has formed a golden cross upward. The gold bulls are very strong upward. The gold highs are constantly being refreshed. The price pullback is an opportunity to go long. From the 4-hour chart, the effective support below is maintained at around 3720-3725, and the key pressure above is maintained at 3770-3780. The resistance after breaking through will move up to the 3800 integer mark. Trading strategy: Go long around 3725, cover at 3715, stop loss at 3700, profit range 3750-3760-3780.
OANDA:XAUUSD
by Market_Trader1
9/16: Watch Support at 3668–3652, Resistance at 3700✍️Good morning, everyone! Key Support: 3668–3656 Key Resistance: 3700 Yesterday, gold repeatedly tested the 3643–3648 resistance area. During the pullback, the trend support held, and after consolidating, the price broke through resistance strongly. The overall move was in line with expectations (if it can stay above 3643–3658, it may test around 3668 with a chance of setting new highs). After yesterday’s breakout, the price is now consolidating at high levels. Whether the bullish trend can be maintained depends mainly on support in the 3668–3656 (3648–3643) area. As long as this support holds, bulls may remain in control until tomorrow’s interest rate decision, with the possibility of testing the psychological level of 3700. During the consolidation, trading can be focused around the 3682–3662 area. If the price breaks out, selling opportunities may appear near 3692–3702, while buying opportunities can be considered around 3648–3636.
FOREXCOM:XAUUSDShort
by China_MsWang
9/15: Ahead of Rate Decision, Market Enters ConsolidatioGood afternoon, everyone! Key Resistance: 3643–3652 Key Support: 3633–3623 / 3616–3607 Trading Strategy Focus on selling at highs and buying at lows within 3658–3628; This week will be anything but calm — Wednesday’s rate decision is expected to spark another wave of volatility. Whether it turns into big profits or losses depends entirely on risk management, so make sure you’re prepared. On the 30M chart, price remains capped below the 3643–3648 (extended to 3652–3658) resistance zone. This level is crucial: A sustained breakout above could trigger another push toward 3668, with room for fresh highs; Failure to break higher will likely lead to a pullback toward the 3600 area. Regarding the FOMC decision: the market consensus is for a 25bp move. Any result above or below that would be considered a “surprise.” After the announcement, gold is more likely to follow a spike-and-reversal path — either a brief rally followed by decline, or a direct drop with a rebound later, entering a consolidation phase with a bearish tilt. ⚠️ Reminder: With such a key event ahead, keep positions light and always use stop-loss orders.
FOREXCOM:XAUUSDShort
by China_MsWang
9/10: Watch Support Around 3600Good morning everyone! 🔹 Key Support Levels 30M Chart: 3628 / 3614–3600 1H Chart: 3623 / 3608–3598 2H Chart: 3623 / 3589 4H Chart: 3606 1D Chart: 3598 🔹 Key Resistance Levels 3643 / 3668–3678 🔹 Intraday Strategy Sell on rallies, buy on pullbacks at support Yesterday, bullish data drove gold up to around 3673 before retreating. Technically, the market is now heavily overbought, but strong fundamentals keep fueling bullish sentiment. While chasing profits, don’t overlook the risks! Today, focus on 3643–3658 resistance. If price fails to hold above, a pullback is likely. Key supports are at 3600, then 3589–3574 / 3558.
FOREXCOM:XAUUSDShort
by China_MsWang
9/9: Expect a Main Pullback Today, Likely to Drop Below 3600🌅 Good morning everyone! 🔹 Key Support Levels 30M : 3632 / 3615–3598 1H : 3626 / 3614–3588 2H : 3608–3590 / 3560 4H : 3613–3598 / 3681–3664 1D : 3564 / 3507–3498 🔹 Key Resistance Levels 3650–3670 🔹 Intraday Trading Strategy Sell on rallies, especially near 3650 and above Buy on pullbacks at support, focus on the 1H support zones Trade mainly in short-term swings, quick in and out, secure profits early Yesterday, gold pulled back to around 3577 before rebounding strongly. Currently, the 30M chart shows a bullish alignment. In the short term, watch 3650 as a key resistance. If broken, price may extend to 3658–3670. 🎯 Overall Outlook: Buy the dips, sell the highs. Focus on key support and resistance levels, avoid holding positions too long.
FOREXCOM:XAUUSDShort
by China_MsWang