New ATH: Shutdown Fuels Gold's Seventh Straight WinHello, traders!
Gold just sealed its seventh consecutive weekly gain, with futures hitting $3,908.9/oz. The rally is fueled by growing concerns over the US Government Shutdown and the near-certain expectation of a Fed rate cut (97% chance in October).
Fundamentals & Outlook
Political Instability: The prolonged Shutdown is a stable bullish factor, delaying economic reports and attracting massive safe-haven capital.
Rate Cut Certainty: The market considers a Fed rate cut almost guaranteed, providing strong support for non-yielding Gold.
Technicals & Trading Strategy
Weekly buying power is extremely strong. Gold is consolidating near $3900. The $3867 level is critical; if the price holds above it, the potential for new ATHs remains very high.
Key Price Levels:
Resistance: $3902, $3912, $3922, $3942
Support: $3867, $3855, $3839, $3792
Trading Strategy (Absolute Risk Management):
BUY ZONE 1: $3867 - $3865
SL: $3857
TPs: $3875, $3885, $3895, $3905, $3915
BUY ZONE 2: $3839 - $3827
SL: $3824
TPs: $3847, $3857, $3867, $3877, $3887
SELL ZONE 1: $3902 - $3904
SL: $3912
TPs: $3894, $3884, $3874, $3864
SELL ZONE 2: $3942 - $3944
SL: $3952
TPs: $3934, $3924, $3914, $3904
Will the US government tensions help Gold definitively breach the $3900 level next week? 👇
#Gold #XAUUSD #ATH #Shutdown #Fed #TradingView #InterestRates
Xauusdsetup
Gold Price Outlook – Trade Setup (XAU/USD)📊 Technical Structure
OANDA:XAUUSD Gold (XAU/USD) surged toward $3,924 before encountering resistance near the $3,950 zone, which aligns with an extended overbought condition on the short-term charts. Price remains supported by the ascending trendline from September lows, with immediate demand located around $3,878–$3,887.
If bulls defend this support zone, a fresh rebound toward $3,942 → $3,950 resistance is likely.
A rejection from the resistance zone could trigger consolidation or a pullback back toward the $3,878 support.
🎯 Trade Setup
Entry: Buy near $3,878–$3,887 (support zone retest)
Stop Loss: $3,875
Take Profit 1: $3,942
Take Profit 2: $3,950
Risk/Reward: ~1 : 5.16
🌍 Macro Background
Gold remains underpinned by Fed rate cut expectations, with markets pricing a 99% chance of a 25bps cut at the October meeting. The ongoing US government shutdown has delayed key macro data, intensifying safe-haven demand.
Hawkish remarks from Dallas Fed’s Logan briefly supported the US Dollar, but the market consensus points toward further easing.
Political uncertainty in Washington, combined with fragile labour market signals (ADP showing -32k jobs, ISM Services PMI down to 50), continues to support the bullish bias for gold.
🔑 Key Technical Levels
Resistance: $3,942 / $3,950
Support: $3,878 / $3,887
📌 Trade Summary
Gold remains technically bullish above $3,878 support, with near-term upside toward $3,950 as long as Fed rate cut expectations dominate sentiment. Any decisive break below $3,875 would neutralize the bullish bias and open a correction toward $3,820.
⚠️ Disclaimer
This analysis is for reference only and does not constitute trading advice. Trading involves significant risk, and proper risk management is essential.
10/ 6: Sell High and Buy Low Within the 3893–3946 RangeGood morning everyone!
Today is the traditional Chinese Mid-Autumn Festival, a day when families gather to enjoy mooncakes, admire the moon, and share the joy of family. This day symbolizes reunion. I also wish you all a happy family and everything goes well!
Gold has broken through the psychological barrier of 3900. Congratulations to those who seized this opportunity!
The price has now risen to around 3920. On the weekly chart, there is technically room for further gains. However, as prices rise, pullbacks are inevitable, making support crucial.
Currently, based on the 1H chart, support is found near 3908, followed by 3900/3893, and finally 3886.
For future trading, consider buying low and selling high around the 3893-3943 area. Maintain a good rhythm and pay close attention to the support levels mentioned above.
ElDoradoFx PREMIUM 2.0 - ASIA FORECAST - 06/10/2025Gold is trading around 3,886, holding just under the recent swing high (3,896–3,894) after a bullish continuation. The market is consolidating in a tight range while buyers defend support and await new catalysts.
⸻
🔍 Technical Outlook
Daily Chart (D1):
• Strong bullish structure intact, with price above the 20 EMA (3,846) and 50 EMA (3,791).
• RSI (78) → near overbought, suggesting limited upside unless momentum strengthens.
• Daily candle shows slowing momentum; still bullish but vulnerable to retracement if 3,862 fails.
1H Chart (H1):
• Price consolidating between 3,880–3,896 resistance and 3,862 support.
• MACD is positive but flattening, showing buyers losing short-term strength.
• Market structure: higher highs remain intact; 3,862 is the intraday key breakout/rejection zone.
15M Chart (M15):
• Price rejected 3,889–3,896 zone twice, creating short-term equal highs.
• A base is forming around 3,883–3,880. If broken, correction may extend toward 3,870.
• RSI ~55 → neutral, but momentum fading on lower TFs.
5M Chart (M5):
• Buyers defending 3,883, forming higher lows.
• Resistance remains at 3,889–3,896.
• Short-term indicators show mixed signals: MACD flattening, RSI ~58, suggesting potential breakout but risk of rejection if liquidity isn’t strong.
⸻
✨ Fibonacci Golden Zone
From 3,843 low → 3,896 high, the golden retracement sits at 3,870–3,862.
• If Asia session pulls back into this zone and holds, high probability for bullish continuation.
• A clean break below 3,862 = shift in structure toward deeper retracement (3,843 → 3,820).
⸻
🎯 High Probability Entries (Not Scalping – Asia Focus)
Bullish Setup:
• Buy if price retests and holds 3,870–3,862 golden zone, target 3,889 → 3,896 → 3,910.
• SL below 3,855 (50–55 pips).
Bearish Setup:
• Sell only if price rejects 3,889–3,896 zone again with bearish confirmation.
• Target 3,870 → 3,862.
• SL above 3,902 (60 pips).
⸻
📅 Fundamental Outlook – Asia Session
• No major Asian data expected today.
• Market will position for US ISM PMI & Fed speakers later → possible volatility in NY.
• DXY remains firm near recent highs; if USD strengthens further, gold may face rejection under 3,896.
⸻
⚠ Key Levels to Watch
• Resistance: 3,889 – 3,896 / 3,910
• Support: 3,880 / 3,870 – 3,862 / 3,843
⸻
✅ Summary
Gold remains bullish overall, consolidating below 3,896 resistance. The golden zone 3,870–3,862 is the key for continuation; if it holds, expect buyers to push back toward 3,896 → 3,910. However, repeated rejection under 3,896 could trigger a correction into 3,870 → 3,862.
XAU/USD 03 October 2025 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price printed as per previous intraday analysis whereby I mentioned price to print bearish CHoCH to indicate bearish pullback phase initiation.
Price has now printed a bearish CHoCH. We are currently trading within an established internal range
Intraday Expectation:
Price continue bearish, down to either discount of internal 50% EQ, or H4 supply zone before targeting weak internal high priced at 3,897.130.
Alternative scenario: Price could potentially print higher-highs.
Note:
The Federal Reserve’s sustained dovish stance, coupled with ongoing geopolitical uncertainties, is likely to prolong heightened volatility in the gold market. Given this elevated risk environment, traders should exercise caution and recalibrate risk management strategies to navigate potential price fluctuations effectively.
Additionally, gold pricing remains sensitive to broader macroeconomic developments, including policy decisions under President Trump. Shifts in geopolitical strategy and economic directives could further amplify uncertainty, contributing to market repricing dynamics.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Analysis and bias remains the same as yesterdays analysis dated 02 October 2025.
As per previous intraday expectation, price has printed a bearish CHoCH to indicate, but not confirm, bearish pullback phase initiation .
Price is now trading within an established internal range
Intraday Expectation:
Price to trade down to either M15 supply zone, or discount of 50% EQ before targeting weak internal high priced at 3,895.500.
Alternative Scenario: Price could potentially target strong internal low as H4 TF enters it's bearish pullback phase.
Note:
Gold remains highly volatile amid the Federal Reserve's continued dovish stance, persistent and escalating geopolitical uncertainties. Traders should implement robust risk management strategies and remain vigilant, as price swings may become more pronounced in this elevated volatility environment.
Additionally, President Trump’s tariff announcements are expected to further amplify market turbulence, potentially triggering sharp price fluctuations and whipsaws.
M15 Chart:
XAU/USD – Buy Setup from Support Zone Targeting 39451. Trend Direction:
Price is moving inside an ascending channel (bullish structure).
Higher highs and higher lows confirm the uptrend.
2. Support Zone:
Marked between 3820 – 3800 USD, a strong demand area where buyers previously stepped in.
3. Entry Point:
Suggested Entry: ~3821 USD
This aligns with the support retest inside the channel.
4. Stop Loss:
Around 3794 USD, just below the support zone.
This protects against false breakouts to the downside.
5. Target Point:
3945 USD (channel resistance).
This gives nearly +120 pips potential upside.
---
Risk/Reward Analysis
Risk: ~27 points (3821 → 3794).
Reward: ~124 points (3821 → 3945).
R:R Ratio: ≈ 1:4.5 → very favorable.
---
Overall Analysis
Market is bullish inside the channel.
Best trade setup: Wait for price to retest support (3820–3800) and then buy.
As long as support holds, price has high probability to reach the target zone (3945).
If support breaks, trend may weaken, and gold could move lower outside the channel.
📌 Conclusion:
This is a buy-the-dip setup with strong reward-to-risk. Patience is key → wait for confirmation bounce from support before entering.
Safe-Haven Demand Keeps Gold on Fire🔶 Gold Price Outlook – Trade Setup (XAU/USD)
📊 Technical Structure
Gold retreated after touching fresh highs, now consolidating between $3,844–$3,860. The chart shows repeated bounces from the ascending trendline support, suggesting buyers remain active. Key resistance stands at $3,881–$3,886, and a breakout above could open the way to $3,900 psychological level. The short-term bias remains bullish as long as support holds.
🎯 Trade Setup
Entry: $3,837–$3,843 (long)
Stop Loss: Below $3,833
Take Profit:
TP1: $3,881
TP2: $3,886
TP3: $3,900
Risk/Reward: 1 : 4.21
🌍 Macro Background
Gold remains supported by macro factors:
Fed Policy: Despite hawkish remarks from Dallas Fed President Logan warning about persistent inflation, markets are still pricing in a 99% chance of a 25bps rate cut in October. The USD has rebounded slightly, but overall sentiment remains bearish for the dollar.
Government Shutdown: The ongoing US government shutdown suspends official BLS data releases. However, September’s NFP figures are expected to be published, keeping labour market focus alive.
Labour Market: ADP report showed a surprise drop of -32K private payrolls, adding pressure on the Fed to cut rates.
Safe-Haven Demand: Rising geopolitical tensions and fiscal uncertainty continue to fuel safe-haven inflows into gold.
Despite intraday pullbacks, fundamentals remain gold-supportive.
🔑 Key Technical Levels
Resistance: $3,881 / $3,886 / $3,900
Support: $3,843 / $3,837
📝 Trade Summary
Gold is consolidating but holding critical support. As long as price sustains above $3,837, bulls retain control. The suggested long entry near $3,843 targets the $3,881–$3,886 area.
⚠️ Disclaimer
This analysis is for reference only and does not constitute trading advice. Trading involves significant risk, and proper risk management is essential.
ElDoradoFx PREMIUM 2.0 – ASIA GOLD FORECAST🥇 XAUUSD – Asia Session Outlook (03/10/2025)
🔎 Market Context
Gold rejected 3890–3896 highs yesterday, triggering a sharp selloff to 3820 before rebounding toward 3855–3860. Price is now consolidating in the Fibonacci golden zone (3855–3865) – a key battleground for bulls and bears.
⸻
📊 Technical Outlook
• Daily trend: Still bullish, but showing exhaustion after multiple failed breaks above 3890.
• H1 structure: Lower highs remain intact unless 3875 is broken.
• Liquidity zones:
• Buy stops above 3875–3890
• Sell stops below 3830–3820
Indicators:
• RSI (M15): Neutral around 50 – no clear momentum edge.
• MACD (M5/M15): Bearish pressure fading, divergence forming.
• Moving Averages (H1): Price retesting short-term averages, acting as dynamic resistance.
⸻
⚡ Asia Session Scenarios
1. Base case (high probability):
Rejection at 3860–3865 → drift lower toward 3840–3830 liquidity.
2. Alternative case (lower probability in Asia):
Break & hold above 3875 → opens squeeze toward 3890.
3. Support play:
Bounce from 3830–3835 → intraday recovery back to 3855–3860.
⸻
🎯 High-Probability Scalping Setups (max 60 pips SL)
• Sell bias: 3860–3865 rejection
• SL: 3871
• TP1: 3845
• TP2: 3830
• Buy bias (only if defended): 3830–3835 bounce
• SL: 3825
• TP1: 3850
• TP2: 3860
⸻
📅 Fundamental Watch
• Asia session expected to remain quiet with low liquidity.
• Main volatility risk comes in London & New York with U.S. labor data later this week.
• Thin liquidity in Asia = potential for false breakouts before London volume sets direction.
⸻
✅ Professional View
Gold remains inside a critical golden zone. Without a decisive break of 3875 (bulls) or 3830 (bears), Asia is likely to consolidate.
📌 My bias → rejection of 3865 area and drift toward 3840–3830.
Only a clean breakout above 3875 changes short-term bias to bullish continuation.
⸻
🥇 ElDoradoFx PREMIUM 2.0 - DAILY RESULTS 🥇
📆 02/10/2025
💰 GOLD TRADES RECAP 💰
🟢 BUY ✅ +210 PIPS
🔻 SELL ✅ +40 PIPS
🟢 BUY ✅ +210 PIPS
🟢 BUY ✅ +110 PIPS
🟢 BUY ✅ +20 PIPS
🟢 BUY ✅ +20 PIPS
🟢 BUY ✅ +20 PIPS
🟥 BUY ❌ -60 PIPS (SL)
🔻 SELL ✅ +110 PIPS
---
📈 TOTAL GOLD PROFIT: +680 PIPS 💸🔥
📊 9 Trades → 8 Wins | 1 SL
🎯 Accuracy: 89%
---
⚡️ GOLD delivered another strong session — scalps and swings stacked up consistent profits.
✅ Only 1 small SL
✅ 8 solid wins secured 📈
👏 Congratulations if you profited 🚀🚀🚀
— ElDoradoFx Team
New ATH, Same Fragility – Why I’m Still Selling Gold RalliesYesterday’s Picture
Gold opened the month with strength, pushing into uncharted territory and printing yet another all-time high, just shy of the 3900 figure. However, momentum faded quickly, and the market corrected lower, currently holding around the 3860 support zone — roughly 300 pips under the peak.
2. Key Question
Has the correction already played out, or are we just at the beginning of a deeper move?
3. Why I See More Downside Ahead
• Fragile bids: Looking back just two sessions, Tuesday’s sharp intraday selloff highlighted how quickly buyers can step aside at these stretched levels.
• Short-term technicals: Price is still above immediate support and the rising trendline, keeping the structure bullish on paper — but this doesn’t erase the vulnerability.
• Risk/reward misbalance: Buying directly into support after a fresh ATH might look attractive, but the risk of a sharp drop outweighs the potential reward.
• Bigger picture context: Even if gold spikes once more to marginal highs, the corrective leg is unlikely to be over — in fact, it may only be starting.
4. Trading Plan
My strategy remains unchanged: sell rallies. I’ll be watching for short-term strength to fade, especially around intraday resistance zones. For me, chasing longs here is not worth the exposure.
5.Final Thoughts
The market remains technically bullish until support breaks, but under the surface, gold is fragile. From my perspective, the real move is still to the downside — and patience will pay off. 🚀
Gold Trade Set Up Oct 2 2025Last night during Asian session price swept PDL, and changed state in the 15m to continue bullish so i will be looking buys once we get a close and retest of the CISD to continue higher above PDH but if price fails to change state and closes under 15m/30m lows i will look for a retest of 15m supply to target lows
www.tradingview.com
GOLD Best Places To Buy And Sell Cleared , 1000 Pips Waiting !Here is m y opinion on GOLD On 30 Mins T.F , We have a Huge movement To Upside since Last 4 weeks , started between 3870.00 to 3895.00 so we can buy and sell Gold This Week from 2 areas , 3870.00 will be the best place for Buy and 3895.00 will be the best place for Sell , now the price very near buy area so we can wait the price to retest the support area and then enter a buy trade and targeting 3895.00 and when the price touch it and give us a good bearish P.A , we can enter a sell trade and targeting 3870.00 , It`s All Depend On Price action .
Entry Reasons :
1- Highest Level The Price Touch It
2- Broken Res
3- New Support Created .
4- Clear Price Action .
Gold Record: Shutdown 'Blinds' the Fed Hello, traders!
Gold shows no sign of slowing down, closing the October 1st trading session at $3,866.66/oz, while futures contracts hit a record high of $3,897.50/oz. The precious metal has climbed nearly 50% year-to-date and just set its 39th record high this year!
Fundamental Analysis: Shutdown Risk Hits at the Worst Time
While government shutdowns usually have a minor impact, the timing of this one is critical:
Delayed Jobs Data: The crucial jobs report (scheduled for Oct 3rd) will be postponed. This uncertainty will leave the market and the Fed 'blind' regarding the economy's health just weeks before the next policy meeting, triggering strong demand for safe-haven assets (Gold).
Threat of Staff Cuts: President Trump threatened to use the shutdown to cut "a lot of" federal employees, escalating tensions beyond typical closures and increasing political instability.
Technical Analysis & Trading Strategy
Gold accelerated past the $387x region during the US session, confirming the upward momentum is still very strong. However, the market is prone to more "Stop Loss hunting" (liquidity sweeps). Continue to Prioritize Buy, but manage SL carefully due to wider price swings.
Resistance: $3887, $3895, $3904
Support: $3870, $3854, $3843
Suggested Trading Strategy (Absolute Risk Management):
BUY ZONE
Zone: $3870 - $3868 / SL: $3860
TP: $3878 - $3888 - $3898 - $3908
SELL ZONE (High Risk)
Zone: $3903 - $3905 / SL: $3913
TP: $3895 - $3885 - $3875
Gold is running on a foundation of fear. Do you think the $3900 mark will be breached this session? 👇
#Gold #XAUUSD #ATH #Fed #GovernmentShutdown #TradingView #FinancialMarkets #RecordHigh
Investing vs. Speculating: What’s the Difference?Hey everyone, you’ve probably heard the words “investing” and “speculating,” but do you really know what sets them apart? Both are about putting money in to make more money, but the mindset and approach are Totally different. Let’s break it down super simply:
What’s Investing? (4 Keywords: Long-term, steady, knowledge, patience)
Investing is like a marathon—it’s about the long game, focusing on things that grow in value over time. You’re aiming for steady, lasting profits, not a quick buck.
When you invest, you do your research. You really understand what you’re putting your money into.
You use knowledge—like studying a company’s finances (FA), looking at market trends (TA), or knowing the rules of the game (FM, RM).
You stay cool-headed, not getting swept up by hype or greed.
Investing isn’t about betting everything on one big win. It’s about protecting your money first, then letting profits grow slowly.
Think of it like planting a tree: you care for it, water it, and wait patiently for the fruit.
For example , let’s say you research a solid real estate deal. You believe a piece of land will grow in value over 3–5 years because it’s in a great spot with new roads being built. You buy it, hold on, and later sell it for a profit. Or you keep it, build a house, or rent it out for monthly cash while owning something valuable.
Investing like this isn’t fazed by short-term ups and downs—it’s all about the long-term payoff.
What’s Speculating? (4 Keywords: Short-term, fast, risky, flexible)
Speculating is like surfing—you jump in to catch a quick wave and make money fast by riding short-term price changes.
You know the term “riding the wave”? That’s it! You need waves to surf, right? If there’s no wave, you’re stuck.
Speculating works the same: it’s a bit daring, and you have to be ready to lose.
When you see a chance, you dive in fast or cut your losses quickly if things go wrong.
For example , back in the day, I got hyped up when Elon Musk tweeted about SHIBA coin. I jumped in, my money shot up 10 times in a short time, and I sold fast. Good thing, because the price crashed right after! If I hadn’t moved quickly, my account would’ve been wiped out.
Speculating is all about quick moves—”buy the rumors, sell the news”, and cashing in on the hype. It’s not about long-term value; it’s about grabbing profits fast. But it’s way riskier, and you can lose everything if you’re not sharp. Knowing when to stop is super important.
So, What’s the Key Difference?
Investing is all about patience.
Speculating is about being quick and flexible.
Someone asked me: “If I trade short-term but do research, is that investing?” Awesome question! But even with research, short-term trading is usually called speculating.
Why?
Because it’s focused on fast profits and higher risks, unlike the steady, long-term foundation of investing.
If you trade short-term with a solid plan, that’s cooler—pros call it systematic trading, way better than just guessing. But in general, short-term moves are still seen as speculating, not investing, because they don’t have that long-term vision.
Investing without a plan? That’s just gambling. (Investing + No plan = Gambling)
Speculating with a strategy? You’re thinking like a smart entrepreneur. (Speculating + Strategy = Entrepreneur)
Whether investing or speculating is better depends on you—your style and your game plan!
That said, choosing between investing and speculatingsometimes depends on each person's position. I’ll share more details in my next video.
If you agree with my opinion, drop a comment here!
I’m Anfibo , just sharing what I know about finance.
ElDoradoFx PREMIUM 2.0 – GOLD FORECAST (02/10/2025)
🔎 Deep Technical Analysis (XAUUSD – 02/10/2025, London Session)
Current Price: 3,867
⸻
📈 Daily Chart
• The bullish trend remains intact with higher highs and higher lows.
• Price has tested 3,895–3,900 resistance zone, leaving an upper wick yesterday → clear sign of supply.
• Parabolic SAR dots remain bullish, but momentum is slowing.
• EMA20 sits far below at 3,771, leaving room for correction without breaking the structure.
⸻
⏳ H1 Chart
• Double top rejection forming at 3,872–3,875.
• RSI around neutral (50–55), showing lack of trend direction.
• MACD histogram contracting, signalling reduced bullish momentum.
• Key intraday support sits at 3,862–3,855. Break here → possible quick drop to 3,840–3,832.
⸻
⏱️ M15 Chart
• Price consolidates inside the Fibonacci golden zone (3,862–3,868).
• Liquidity sits above equal highs at 3,874 → if bulls break, stop runs could fuel a rally toward 3,888–3,895.
• If 3,862 fails to hold, short-term downside pressure opens into 3,855–3,852 and then 3,840.
⸻
⏱️ M5 Chart
• Sweep at 3,872 followed by immediate rejection.
• MACD flipped red with bearish momentum building.
• EMA alignment turning flat/down, suggesting short-term weakness.
⸻
🎯 Scalping Setups (Max 60 pips SL)
• Buy scalp:
• Entry: 3,862–3,864 support zone
• SL: 3,858
• TP1: 3,872
• TP2: 3,888
• Sell scalp:
• Entry: 3,872–3,874 rejection
• SL: 3,878
• TP1: 3,862
• TP2: 3,852
⚠️ Current higher probability = short scalps on failed rejections at 3,872, unless price decisively breaks above with strong volume.
⸻
✅ Overall Outlook
• Bias: Neutral-to-bearish below 3,875.
• Breakout upside trigger: 3,875 → target 3,888–3,895.
• Breakdown downside trigger: 3,862 → target 3,852–3,840.
• Golden zone (3,862–3,868) is the intraday pivot. Reactions here will define London’s move.
Gold Price Eyes Upside Targets After ConsolidationKey Observations:
Current Price: Around $3,867.92
Support Zone: Near $3,865.00 (indicated as the entry region for a potential long position)
Stop Loss: Placed below recent low at $3,855.018
Take Profit Zones:
TP1: $3,875.109
TP2: $3,880.404
TP3: $3,884.974
Price Action:
Market is recovering after a strong downward move.
Recent candles suggest consolidation or base-building near support.
A projected zigzag arrow indicates a bullish breakout expectation.
Risk-Reward: Favorable with a small stop and multiple profit targets.
📈 Trade Idea:
Strategy: Long/Bullish Reversal
Entry: Around $3,865.00
SL: $3,855.018
TP Levels: $3,875.109, $3,880.404, $3,884.974
Bias: Bullish, based on support holding and upside targets being defined.
Gold Price Outlook – Trade Setup (XAU/USD)📊 Technical Structure
OANDA:XAUUSD Gold remains in a bullish consolidation phase after printing a fresh record high near $3,895, supported by safe-haven demand. On the 1H chart, price is consolidating between the Support Zone ($3,847–$3,840) and the Resistance Zone ($3,900–$3,905). A short-term pullback is visible, but the broader ascending channel structure remains intact, suggesting dips could be treated as buying opportunities.
🎯 Trade Setup
Entry: $3,847 (near support zone)
Stop Loss: $3,837
Take Profit: $3,900 / $3,925 (extension if momentum sustains)
Risk/Reward: ~1 : 6
🌍 Macro Background
Gold’s rally is fuelled by a weaker USD, plunging US Treasury yields, and heightened Fed rate cut expectations. According to CME FedWatch, markets are pricing in a 98% chance of a 25bps cut in October and strong odds of another in December. The US government shutdown adds a political risk premium, while softer US jobs data (ADP: –32k private payrolls in September) reinforced dovish bets. Meanwhile, geopolitical tensions (Ukraine conflict, Middle East uncertainty) continue to attract safe-haven flows.
🔑 Key Technical Levels
Resistance Zone: $3,900 – $3,905
Intermediate Resistance: $3,925
Support Zone: $3,847 – $3,840
Deeper Support: $3,800
📌 Trade Summary
Gold is consolidating below $3,900, but the supportive macro backdrop keeps the bias bullish. Any dip toward the $3,847–$3,840 support offers a favourable long setup targeting $3,905–$3,925. Traders should watch today’s US ISM Manufacturing PMI and upcoming FOMC member speeches for volatility triggers.
⚠️ Disclaimer
This analysis is for reference only and does not constitute trading advice. Trading involves significant risk, and proper risk management is essential.
Gold at PRZ – Crab Pattern in PlayGold ( OANDA:XAUUSD ) started to rise as I mentioned in my previous idea and created a new All-Time High(ATH) again .
How long do you think the trend toward forming a new ATH will continue?
Gold is currently trading near the Potential Reversal Zone(PRZ) and Resistance lines .
In theory, Elliott waves , PRZ , and Resistance lines could be the start of a correction, even a deep one( End of the main wave 5 ) .
There is also a Bearish Crab Harmonic Pattern seen in the Gold chart that could lead to a decline in Gold .
I expect Gold to start correcting again.
First Target: $3,819
Second Target: $3,807
Third Target: $3,793
Stop Loss(SL): $3,854
Please respect each other's ideas and express them politely if you agree or disagree.
Gold Analyze (XAUUSD), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅ ' like ' ✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.