Gold Price Outlook – Trade Setup (XAU/USD)📊 Technical Structure
Gold (XAU/USD) is trading near $3,740, consolidating below the descending trendline resistance. The support zone lies at $3,723 – $3,719, while the resistance zone is around $3,761 – $3,765. The price structure shows a “buy-the-dip” bias as long as support holds, but near-term pressure remains capped by the downtrend line. A breakout above $3,765 could open the path toward $3,785.
🎯 Trade Setup
Entry: $3,719 – $3,723 (support retest)
Stop Loss: $3,715
Take Profit: $3,764 / $3,785
Risk/Reward (R:R): ~1 : 5.4
🌍 Macro Background
Markets await the US Core PCE Inflation data later today – the Fed’s preferred inflation gauge. Stronger-than-expected PCE could strengthen the USD and pressure gold lower. On the other hand, a softer reading may revive rate cut expectations, supporting gold. Additionally, Trump’s new tariffs (100% on pharmaceuticals, 50% on cabinets, 30% on furniture, etc.) and ongoing geopolitical risks with Russia provide safe-haven flows that keep gold attractive. Despite the USD holding at three-week highs, investors continue to see gold as a hedge amid policy uncertainty and trade tensions.
🔑 Key Technical Levels
Resistance: $3,764 / $3,785
Support: $3,723 / $3,719
📝 Trade Summary
The overall structure favours a buy-the-dip strategy near support zones, with upside potential toward $3,764 – $3,785 if US PCE comes in softer. However, a stronger inflation print may trigger a deeper pullback below $3,719. Traders should stay alert for volatility around the data release.
⚠️ Disclaimer
This analysis is for reference only and does not constitute trading advice. Trading involves significant risk, and proper risk management is essential.
Xauusd4h
Gold Price Forecast – Long Setup (XAU/USD)📊 Technical Structure
Gold price retraced from the 3777–3785 resistance zone and is currently consolidating during Asia Session. The chart indicates a solid support base around 3714–3723, while resistance is capped near 3777–3785. As long as price holds above support, the bullish bias remains intact, with potential to retest upper resistance.
🎯 Trade Setup
Entry (Buy): 3723
Stop Loss: 3712
Take Profit: 3785
Risk/Reward (R:R): 1 : 5.62
🌍 Macro Background
Gold holds firm near $3,750 in early Asian trading, supported by expectations of further Fed rate cuts and elevated geopolitical risks. The Fed has already cut rates by 25bps in September, bringing the Federal Funds Rate to 4.00%–4.25%, with projections showing two more cuts this year and one in 2026. Lower interest rates reduce the opportunity cost of holding non-yielding assets like gold, boosting demand.
Meanwhile, heightened geopolitical tensions — with NATO warning Russia over repeated airspace violations — continue to fuel safe-haven flows. However, Fed Chair Powell’s cautious comments about balancing labour market weakness with inflation risks may limit the upside momentum in the short term. Despite this, the medium-term structure still favours the bulls.
🔑 Key Technical Levels
Resistance (R): 3777 / 3785 / 3790
Support (S): 3723 / 3714
📝 Trade Summary
Gold remains supported by rate cut expectations and safe-haven demand. A buy setup near 3723 with stops below 3712 and target at 3785 offers a favourable risk/reward profile. Sustained momentum above 3785 could open the path towards the 3800 psychological level.
⚠️ Disclaimer
This analysis is for reference only and does not constitute trading advice. Trading involves significant risk, and proper risk management is essential.
Gold: still go long on pullbacksGold hit a high near 3790 yesterday, then retraced in the early morning. When prices rise a lot, everyone fears the high, but that’s no reason to short. Even with the pullback, yesterday’s big gains aren’t wiped out,so this isn’t weakness, but still strength. A rally followed by a pullback just means upward momentum slowed, not a top.
So you can wait if you fear the high: don’t chase longs or go long, but never go against the trend to short at the top. In trends, remember: follow the trend, follow the trend, follow the trend.
Today, gold tested 3750 in the morning then rebounded. Short-term momentum is still strong—no sustained pullback, and the market isn’t weak. Don’t short blindly; the bias is still long. Hold 3730, and gold will rally again. Even if 3730 breaks and it pulls back to 3700, it’s still a long chance.
Buy 3750 - 3760
TP 3770 - 3780 - 3790
SL 3745
Daily-updated accurate signals are at your disposal. If you run into any problems while trading, these signals serve as a reliable reference—don’t hesitate to use them! I truly hope they bring you significant assistance
Gold Price Outlook – Trade Setup (XAU/USD)📊 Technical Structure
OANDA:XAUUSD is consolidating around $3,760, holding within a tight range after retreating from record highs near $3,791. The support zone sits at $3,752–3,754, while the resistance zone remains capped at $3,784–3,786. The structure suggests a possible bullish continuation if buyers defend support, targeting a retest of the highs.
🎯 Trade Setup
Entry: $3,752 – $3,754 (buy near support)
Stop Loss: $3,749 (below support zone)
Take Profit: $3,784 / $3,786 (resistance retest)
Risk/Reward: ~1 : 6.6
🗝️ Key Technical Levels
Resistance Zone: $3,784 – $3,786
Support Zone: $3,752 – $3,754
Major Resistance Above: $3,791 (all-time high)
🌐 Macro Background
The Federal Reserve’s recent 25 bps rate cut and expectations for two more cuts (October and December) continue to underpin gold. Fed Chair Powell acknowledged challenges with inflation and labour market weakness, but emphasized flexibility on further easing. This supports gold as lower rates reduce opportunity cost of holding bullion. Additionally, geopolitical tensions between NATO and Russia, particularly airspace violations and military escalation, further fuel safe-haven demand. However, traders are also eyeing the upcoming US PCE inflation data — a hotter reading could lift the USD and weigh on gold in the near term.
📌 Trade Summary
The bias favours long positions near $3,752–3,754, aiming for a move back toward $3,784–3,786. Holding above $3,752 keeps momentum bullish, while a break below would shift focus to $3,740 support.
⚠️ Disclaimer
This analysis is for reference only and does not constitute trading advice. Trading involves significant risk, and proper risk management is essential.
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.
Gold breaks through high and falls back to continue to go longToday's gold morning situation mirrored that of last Friday and Monday. The US market saw a strong rise, closing strongly at a high in the early morning. This double-strength trend is extremely strong. Don't hesitate the next morning; the opportunity lies between 7 and 8 o'clock. Watch for a surge to the 3760 level. Same situation, same approach.
So now, wait for a pullback to 3760 to see if there's a second leg up. Alternatively, give up and wait and see, waiting for peak signals and patterns to emerge before turning bearish! In short, we're currently in an accelerated peaking phase, and there's still room for growth above 3760.
Gold Trading Advice: A dip in gold is the best time to buy. Don't worry about a further decline; the upward trend is already a major trend. Let's see when gold breaks through 4000.
ANFIBO | XAUUSD - next ATH ??? [09.23.2025]Sorry guys, I'm very busy today so I can't share my views in detail. I will share my trading plan first, then update the details later ;)
Here's my OANDA:XAUUSD plan today:
>>> BUY ZONES:
ENTRY: 3715 - 3720
SL: 3710
TP: 3740 - 3760 - 3770 - 3800
>>> SELL ZONES:
ENTRY: 3800 - 3795
SL: 3805
TP: 3760 - 3730
GOODLUCK GUYS!!!
Gold breaks through 3710
Since the Fed’s interest rate decision was announced, gold’s second attempt to break above the 3700 mark fell short, leading to a sharp subsequent decline. The market then began to question the uptrend and fear a deep correction. Last Friday, market sentiment was almost unanimously bearish on a pullback, with the view that after rebounding to 3670, gold would drop a second time and break below the 3630 level. However, I clearly stated in my article last week that we should use the area below 3620 as the defensive level and continue going long at 3650. Sure enough, gold surged to above 3680 in late trading on Friday.
Currently, gold has broken through the critical resistance level of 3710 and continues to move higher. We can seek opportunities to go long at lower prices
In our weekend analysis, we predicted that gold would continue its upward movement in the new week, with 3710 as the resistance level. As it turns out, gold indeed broke through 3710 today and kept moving higher.
Buy 3680 - 3690
TP 3700 - 3710 - 3720
Daily-updated accurate signals are at your disposal. If you run into any problems while trading, these signals serve as a reliable reference—don’t hesitate to use them! I truly hope they bring you significant assistance
Bullish Trend? Pullbacks as Opportunities?From the daily chart, gold has successfully reversed its previous weakness and firmly established itself above all major moving averages, demonstrating a clear bullish trend. Although gold prices may experience short-term high volatility, any pullbacks are expected to be limited.
Strong support has shifted to around 3700. The market is likely to maintain its upward momentum from this level until it breaks below. The primary upside target is 3745, and a break above this level will target the strong resistance area of 3760.
Gold prices continued to rise in the US market, with no signs of a pullback from the 3734 high. The 1-hour moving average remains bullish. Quaid believes that the current trading strategy remains to follow the market. The primary strategy is to wait for a pullback to around the 3715 support area to look for long opportunities. However, caution is advised regarding the current significant resistance level, as this level could potentially form a top and trigger a technical pullback.
Trading Recommendations:
Short at 3740-3745, stop loss at 3755. Profit range: 3720-3710-3700.
Go long on a pullback to 3710-3715, stop loss at 3700. Profit range: 3730-3750.
Gold Price Outlook – Trade Setup📊 Technical Structure
Gold (XAU/USD) is trading near $3,693, bouncing from the support zone at $3,688–$3,685. The chart highlights a bullish continuation setup, with price action aiming towards the resistance zone $3,703–$3,707. The strong rebound from support underlines sustained buyer interest, while momentum remains positive above $3,685.
🎯 Trade Setup
Entry: $3,688 – $3,685 (near support rebound)
Stop Loss: $3,684 (below support)
Take Profit: $3,703 / $3,707 (resistance zone)
Risk/Reward: ~1 : 4.98
🗝️ Key Technical Levels
Resistance Zone: $3,703 – $3,707
Support Zone: $3,688 – $3,685
Major Resistance Above: $3,716 all-time high
Key Support Below: $3,672
🌐 Macro Background
Gold remains supported after the Fed’s recent 25 bps rate cut, its first of 2025, which reflects rising concerns about labour market softness. While Fed Chair Powell stressed a cautious “meeting-by-meeting” approach to further easing, markets still expect additional cuts this year, reducing the opportunity cost of holding non-yielding assets like gold. Meanwhile, geopolitical tensions—ranging from Russia’s intensified military actions in Ukraine to persistent conflicts in the Middle East—continue to bolster gold’s safe-haven appeal. However, traders remain attentive to upcoming Fedspeak for fresh signals on policy direction, which could add volatility.
📌 Trade Summary
The technical setup favours a long entry around $3,685–$3,688, targeting the $3,703–$3,707 resistance area. The bias stays bullish above $3,685, but a break below could signal a deeper retracement towards $3,672.
⚠️ Disclaimer
This analysis is for reference only and does not constitute trading advice. Trading involves significant risk, and proper risk management is essential.
XAU/USD: Dip-Buyers Step In, Targeting a Fresh Push Higher📊 Technical Structure
Gold (XAU/USD) is trading around $3,652 after slipping below the $3,660 handle. The chart shows that price is holding near the support zone at $3,640–$3,635, while sellers capped upside momentum at the resistance zone $3,678–$3,684. Current structure suggests range-bound consolidation, with potential for a bullish rebound if buyers defend the support area.
🎯 Trade Setup
Entry: $3,635 – $3,640 (near support)
Stop Loss: $3,631 (below support zone)
Take Profit: $3,678 / $3,684 (resistance zone)
Risk/Reward: ~1 : 4.87
🗝️ Key Technical Levels
Resistance Zone: $3,678 – $3,684
Support Zone: $3,635 – $3,640
Major Resistance Above: $3,700 round figure
🌐 Macro Background
Gold remains pressured after the Fed’s 25 bps rate cut, which was less dovish than markets hoped. Powell’s cautious rhetoric supported a USD rebound, weighing on bullion. Still, the Fed’s projection of two more cuts in 2025 underpins medium-term bullish momentum for gold as real yields could decline further. At the same time, geopolitical risks in the Middle East provide safe-haven support, limiting deeper downside.
📌 Trade Summary
The bias favours a long entry near $3,640, aiming for the $3,678–$3,684 resistance zone. Price action remains constructive as long as $3,635 support holds. A decisive break below could open downside risks toward $3,620.
⚠️ Disclaimer
This analysis is for reference only and does not constitute trading advice. Trading involves significant risk, and proper risk management is essential.
Gold Price Outlook – Bearish Trade Setup (XAU/USD)📊 Technical Structure
Gold (XAU/USD) is consolidating near $3,657 after a sharp pullback from its recent highs. The chart shows clear resistance around $3,665–$3,667, where repeated rejections have capped upside attempts. Price is now testing below intraday trendline support, signalling bearish momentum building up. A move back into the support zone at $3,650–$3,648 looks likely if sellers maintain control.
🎯 Trade Setup
Entry: $3,665 – $3,667 (near resistance rejection)
Stop Loss: $3,668 (above resistance zone)
Take Profit: $3,650 / $3,648 (support zone)
Risk/Reward: ~1 : 5.23
🗝️ Key Technical Levels
Resistance Zone: $3,665 – $3,667
Support Zone: $3,650 – $3,648
🌐 Macro Background
Gold remains volatile after the Fed’s 25 bps rate cut, which was seen as less dovish than markets expected. Chair Powell struck a cautious tone, noting limited support for deeper cuts, prompting a USD rebound and a pullback in gold from record highs near $3,707. While longer-term dovish expectations (further cuts in October and December) support bullion, short-term positioning suggests further profit-taking is likely. Any stronger US data (like jobless claims) could extend downside pressure.
📌 Trade Summary
The setup favours a short entry near $3,665–$3,667, targeting the $3,650–$3,648 support zone. Momentum remains bearish below $3,668 resistance, though broader uptrend expectations remain intact as long as gold holds above $3,643.
⚠️ Disclaimer
This analysis is for reference only and does not constitute trading advice. Trading involves significant risk, and proper risk management is essential.
Fed Cuts Could Ignite a Breakout Above $3,700?📊 Technical Structure
Gold (XAU/USD) is trading near $3,682 after bouncing from the support zone at $3,678 – $3,679. The chart highlights a bullish setup, with potential continuation towards the resistance zone $3,691 – $3,695. The short-term trendline break also supports renewed upside momentum, while buyers remain in control above the support base.
🎯 Trade Setup
Entry: $3,678 – $3,679 (near support zone)
Stop Loss: $3,677 (below support)
Take Profit: $3,691 / $3,695 (resistance zone)
Risk/Reward: ~1 : 7.17
🗝️ Key Technical Levels
Resistance Zone: $3,691 – $3,695
Support Zone: $3,678 – $3,679
Major Resistance Above: $3,700 psychological barrier
Key Support Below: $3,674
🌐 Macro Background
Gold is firming up as markets await the FOMC decision, with traders widely expecting a 25 bps Fed rate cut—the first in 2025. The prospect of further cuts later this year supports gold as a non-yielding asset. However, easing US-China trade tensions and improved risk sentiment could limit haven flows in the short run.
📌 Trade Summary
The technical setup favours a long entry near $3,679, targeting the $3,691–$3,695 resistance area. The bias remains bullish while gold holds above $3,678 support. Watch for volatility around the Fed decision later today.
⚠️ Disclaimer
This analysis is for reference only and does not constitute trading advice. Trading involves significant risk, and proper risk management is essential.
9/17: Ahead of Rate Decision, Trade Within 3668–3706 RangeGood morning, everyone!
Yesterday, after breaking above 3682, the price reached the 3692–3702 area before pulling back. Those of you who carefully followed the strategy should have caught this move.
At the moment, the price is near support. Ahead of the interest rate decision, the main support lies around 3670–3658, while resistance is in the 3700–3706/3712 area. Trading can be focused within the 3706–3668 range.
The key today is the interest rate decision. If the price falls before the news, then buying opportunities may arise during the announcement. If the price rises beforehand, look for selling opportunities after the news.
I’ve marked today’s intraday trading range on the chart for reference. You can plan trades based on the price area. If anything is unclear, feel free to leave me a message.
Gold XAUUSD: Anticipating a Retracement for Continuation Long📊 Currently watching Gold (XAUUSD), price has been pushing aggressively higher in a strong bullish trend. However, the market is now reaching into areas of thin liquidity, appearing somewhat overextended.
🔎 I’m anticipating a potential retracement toward the 50% equilibrium level of the previous price swing. Within an ongoing uptrend, the Fibonacci 61.8% retracement often acts as a prime entry zone 🏹 for continuation trades.
⚖️ If price pulls back and establishes support, followed by a bullish break of market structure, that would provide a high-probability opportunity. If the setup fails to materialize, then there’s simply no trade — patience is key.
⚠️ Disclaimer: This is educational analysis only and not financial advice. Always manage risk appropriately.
Gold Nears Peak: Fed Cuts & Geopolitics Spark Trades!Hello traders! Gold (XAU/USD) reversed an early Asian session dip from $3,626-$3,627 on Monday (15/09/2025), holding strong near record highs as markets price in a 100% chance of a 0.25% Fed rate cut on 17/09, with two more expected in October and December (CME FedWatch). Geopolitical tensions, from Ukraine’s strikes on Russian energy to Iran’s call for Qatar to counter Israel, boost gold’s safe-haven appeal. With major central bank events looming, let’s analyze the market and find trade setups! 💰
Fundamental Analysis: Gold Shines Amid Uncertainty 🌟
Rate Cut Expectations: Weak US labor data (surging jobless claims, 911,000 jobs revised down) keeps USD near its 24/07 low and Treasury yields soft, driving gold’s 39% YTD rally. The Fed is set to cut rates three times in 2025, starting 17/09.
Geopolitical Support: Ukraine’s attacks on Russian energy, US pressure on NATO for tougher Russia sanctions, and Iran’s missile proposal in Qatar ahead of the Arab-Islamic summit fuel gold’s safe-haven status.
Key Events: Watch Fed Chair Jerome Powell’s comments (17/09), decisions from Bank of Canada, Bank of England (18/09), and Bank of Japan (19/09). Weak CPI and labor data suggest shallow dips—prime for buying!
Technical Analysis: Broad Sideways Consolidation – Buy Dips 📉
Gold is consolidating in a wide sideways range on M30, H1, and H2 timeframes around 3650. If rate cut news triggers a sharp drop, FVG zones (3608-3598) offer buying opportunities. Monitor volume to confirm entries and avoid liquidity traps near round levels.
Resistance: 3646 - 3655 - 3666
Support: 3623 - 3615 - 3608 - 3598
Trade Setups (Tight RR):
Buy Scalp:
Range: 3623 - 3621
SL: 3617
TP: 3626 - 3631 - 3636 - 3641
Buy Zone:
Range: 3608 - 3606
SL: 3598
TP: 3616 - 3626 - 3636 - 3646
Sell Scalp:
Range: 3654 - 3656
SL: 3660
TP: 3651 - 3646 - 3641 - 3636
Sell Zone:
Range: 3665 - 3667
SL: 3675
TP: 3657 - 3647 - 3637 - 3627
Gold holds near highs—watch for liquidity traps around Fed news! Above 3623, bulls target new highs; below, test 3608/3598. Manage risk tightly with central bank volatility ahead! Will you buy dips or sell highs? Share your strategies below! 👇
#Gold #XAUUSD #Fed #RateCuts #CPI #TradingView #MarketUpdate #Forex #Investing #TechnicalAnalysis #GoldTrading #Finance #Geopolitics #CentralBanks
9/12: Tug of War, Watch Resistance at 3658 and Support at 3623Good afternoon, everyone!
Key Supports
30M: 3643–3635
1H: 3637
2H: 3628
4H: 3630 / 3578–3571
1D: 3639 / 3591
Key Resistance
3658–3663
Intraday Trading Outlook
Prioritize selling at highs;
Consider short-term long entries near support, but keep trades quick and disciplined with tight stop-losses.
Yesterday, gold rebounded from 3623 but failed to break resistance, then pulled back to 3610 before bouncing again. With news-driven momentum, it broke through the 23–33 resistance zone, which aligned with our expectations. Currently, the 23–33 support is holding, while price is testing the 3658 resistance, putting the market in a consolidation phase. Technically, bears hold a slight advantage. Key levels to watch are 3637–3633/3623 supports, especially the 3628 level on the 2H chart — a breakdown here would severely weaken the bullish structure.
Today is Friday, and next week’s rate decision will provide clearer direction. Ahead of that:
If price remains in a tight range, risks are limited;
If bulls push higher, a post-news decline is likely (buy the rumor, sell the fact);
If bulls exit early or trigger a fake move, bears may take the lead, causing a deeper drop.
⚠️ Reminder: Volatility risk is high — avoid holding positions for too long and always set a stop-loss, regardless of profit or loss.
Gold Bulls Eye Fresh Highs Amid Fed Cut Bets 📊 Technical Structure
Gold (XAU/USD) is attempting to reclaim upside momentum after bouncing from the $3,632–$3,636 support zone. Price broke above the descending trendline, signalling potential bullish continuation if sustained above the support. Key resistance lies at $3,655–$3,658, aligning with prior rejection levels.
🎯 Trade Setup
Entry: $3,633–$3,636 (Support retest zone)
Stop Loss: $3,632
Take Profit: $3,655 / $3,658
Risk-Reward Ratio (R:R): ~1 : 4.95
🌍 Macro Background
Gold edged lower to $3,630 earlier in the Asian session as profit-taking and a stronger USD weighed on the metal. However, Fed rate cut expectations remain strong, with markets fully pricing in a 25bps cut in September and Barclays projecting three consecutive cuts by year-end. Meanwhile, geopolitical tensions continue to underpin safe-haven demand — Poland intercepting Russian drones and Israel’s strike on Doha highlight rising risks. This backdrop suggests dips could remain well-supported as traders await the University of Michigan Consumer Sentiment Index for further cues.
🔑 Key Technical Levels
Resistance: $3,655 / $3,658
Support: $3,633 / $3,636
Major Support Zone: $3,620
📝 Trade Summary
Gold remains underpinned by Fed easing expectations and geopolitical risks despite short-term profit-taking. The break above the trendline favours buying dips, with upside potential toward $3,655–$3,658. However, failure to hold $3,632 may trigger a retest of $3,620.
⚠️ Disclaimer
This analysis is for reference only and does not constitute trading advice. Trading involves significant risk, and proper risk management is essential.
Gold on the Edge: Risk-On Mood Pressures Bulls Ahead of CPI🔎 Technical Structure
Gold (XAU/USD) is consolidating between $3,624 minor support and $3,644 major resistance. The chart shows two possible pathways:
Bullish scenario: A breakout above $3,640–$3,642 resistance zone may trigger momentum toward $3,660–$3,672.
Bearish scenario: Failure to hold $3,624 support could lead to a sharper drop toward the broader $3,600–$3,598 support zone.
🎯 Trade Setup
Entry (Long): Above $3,642 on breakout confirmation
Stop Loss: Below $3,640
Take Profit: $3,660–$3,672
Entry (Short): On rejection at $3,630–$3,633 or a clean break below $3,624
Stop Loss: Above $3,633
Take Profit: $3,600–$3,598
🌍 Macro Background
Gold price action is highly sensitive ahead of the U.S. CPI release. A softer print could reinforce Fed rate cut bets, weaken the dollar, and fuel upside for gold. Conversely, hotter-than-expected CPI may push the USD higher and pressure bullion lower. Geopolitical tensions (Poland drone incident, Middle East escalation) remain supportive for safe-haven demand, limiting downside risk.
📌 Key Technical Levels
Resistance: $3,640 / $3,642
Support: $3,624 / $3,600
📝 Trade Summary
Gold sits at a pivotal zone, awaiting a CPI-driven breakout. Bulls need to reclaim $3,642–$3,644 to push higher, while bears will aim to break $3,624 to extend the correction.
⚠️ Disclaimer
This analysis is for reference only and does not constitute trading advice. Trading involves significant risk, and proper risk management is essential.
9/11: Double Top Pattern, Bearish OutlookGood afternoon, everyone!
Yesterday, the market showed limited volatility, with prices capped around 3343–3358, failing to break through, which delayed the expected downward cycle.
Today, the trend looks clearer:
A double-top pattern has formed;
Price tested the 23 support for the first time and rebounded slightly;
Key resistance levels are 32–37, followed by 41;
If the rebound fails to break resistance, the 23 support is very likely to be broken;
Main supports to watch are 3610 (2H chart) and 3578–3550 (4H chart).
🔹 Trading Strategy
Focus on short positions;
Try quick long trades near support, but avoid being greedy;
If rebounds fail at resistance, shorts may accelerate, so risk is relatively high.
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.
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.