Gold (XAUUSD) โ 1H Technical AnalysisPrice is moving within a clear ascending channel. After a short-term correction toward the lower boundary, buyers stepped in strongly from the support zone, confirming bullish momentum.
A long position has been taken with a Risk/Reward ratio of 1:3.5.
๐น The overall trend remains bullish.
๐น A breakout above the upper channel line could open the way toward 4180โ4200.
๐น As long as the price holds above 4100, the bullish scenario remains valid.
๐ข Bias: Bullish
๐ฏ Targets: 4180 โ 4200
๐ Stop Loss: Below 4100
โ๏ธ Risk/Reward: 1:3.5
Trade ideas
XAUUSD: Scalp trading plan for today's trading sessionOANDA:XAUUSD unexpectedly had a sharp pullback after reaching the 4179 high, this is not surprising because such sharp corrections often occur during the recent uptrend.
Right now we will look for strong support zones to seek rebound buy setups while the market is highly volatile.
According to my monitoring of the CME Options market, today we will have the following potential support zone:
The Margin Zone at contains heavy liquidity (calculated based on the Options market).
Margin zone resistance:
Strong support:
The strong support at overlaps the Margin Zone. Therefore, this may be where price heads and bounces.
Sell scalp at resistance:
Resistance:
Victor Dan @ ZuperView
Gold Price Outlook โ Trade Setup (XAU/USD)๐ Technical Structure
TVC:GOLD Gold (XAU/USD) rallied strongly in the Asian session, reaching $4,130, marking a fresh all-time high. Price action shows a support zone at $4,112โ$4,117 and a resistance zone at $4,159โ$4,165. If gold consolidates above support, buyers may attempt to push toward the resistance zone. However, as the rally has been steep, some pullback into support is possible before the next leg higher.
๐ฏ Trade Setup
Entry: $4,112โ$4,117 (buy near support)
Stop Loss: $4,109
Take Profit 1: $4,137
Take Profit 2: $4,159
Take Profit 3: $4,165
Risk/Reward (R:R): ~1 : 6.22
๐๏ธ Key Technical Levels
Support Zone: $4,112โ$4,117
Resistance Zone: $4,159โ$4,165
Trend Bias: Bullish above $4,112
๐ Macro Background
Gold price (XAU/USD) jumps to a fresh record high near $4,130 during the early Asian session on Tuesday, supported by renewed USโChina trade war fears. US President Donald Trump announced new trade measures, including 100% tariffs on all Chinese goods and export controls on critical US-developed software, effective November 1. Although Trump later struck a softer tone, saying the US was not looking to โhurtโ China, investors still rushed to safe-haven assets.
At the same time, expectations for further Federal Reserve rate cuts are growing. Markets are pricing in an almost certain 25 bps cut in October and another in December, according to the CME FedWatch tool. Lower interest rates reduce the opportunity cost of holding gold, supporting the rally. Traders are also awaiting Fed Chair Powellโs speech later on Tuesday, which could provide additional policy guidance.
Despite strong year-to-date gains (over 56%), analysts note that while the rally has legs, a short-term correction would be healthy for sustaining the long-term uptrend.
๐ Trade Summary
Gold remains bullish above $4,112 support zone. Dips into this area are likely to attract renewed buying interest, with upside targets at $4,159โ$4,165. A break below $4,109 would invalidate the bullish setup and expose deeper corrective pressure.
โ ๏ธ Disclaimer
This analysis is for reference only and does not constitute trading advice. Trading involves significant risk, and proper risk management is essential.
Gold surged through $70 in the Asian session, breaking through tGold surged through $70 in the Asian session, breaking through the support level. Is this a continued rally or a deeper correction?
Gold Technical Analysis Report
I. Overall Trend Analysis
The current gold market's primary trend remains bullish, with prices showing signs of stabilization and rebound after a short-term correction. A positive daily close near 4010 indicates valid support below, but short-term trends remain primarily range-bound. Watch for breakthroughs in key resistance and support levels.
II. Key Price Levels
Resistance Areas:
Primary Resistance: 4075/4080
Secondary Resistance: 4100, 4130 (pending further confirmation)
Support Areas:
Near-term Support: 4055/4060
Core Support: 4040/4025, above 4000
III. Short-term Trend Analysis
Recent Volatility Characteristics:
After a strong rally from the 3820 support level, gold has come under pressure in the 4060 area, entering a period of wide range consolidation. Last Thursday, a single bearish dip dropped above 3940. After consolidating support at 3945/3955 during Friday's Asian session, the price rebounded and stabilized in the European session, ultimately closing near 4010, forming a volatile upward trend of "downward correction followed by a stabilization rebound."
Intraday Dynamic Analysis:
During the Asian Session: Price repeatedly tested resistance at 4060, relying on support at 4005. After breaking through in the afternoon, it surged to 4078, indicating a gradual recovery of bullish momentum.
Current Challenges: The price rose over $70 from morning to midday, but momentum lacked significant volume. Be wary of a possible short-term correction during the European session.
IV. Trading Strategy and Cycle Coordination
Asia Session Layout Review:
The long position at 4040 was successfully taken profit at 4060.
The long position at 4048 was followed up after the breakout in the afternoon, with the target near 4078.
European Session Strategies:
Short-Term Adjustment Risk: After the price surges, there is a need for a short-term correction. A light position can be used to test short positions at 4074/4080 (defending 4091), with a target of 4058/4054.
Correction Structure Prediction:
Sideways Correction: If the European session maintains a narrow range between 4055-4080, time will be used to buy space, building momentum for a continued upward move in the US session.
Pullback: If the price falls below 4050 support, a test of 4040/4030 is possible. A pullback confirms support before resuming the upward move.
US Session Outlook:
If the European session consolidates sideways and then directly breaks through 4080, the bullish trend in the US session will continue.
If the European session corrects sharply, watch for signs of stabilization at the 4030/4040 support level, and then enter a long position when the opportunity arises.
V. Summary and Risk Warning
Trend Direction: The bullish trend remains unchanged, but short-term volatility is significant, requiring precise timing.
Key Trading Points:
The Asian session's low-to-long strategy has realized profits; focus on the strength of the correction in the European session.
The US market's direction should be dynamically adjusted in conjunction with the European session's correction structure to avoid chasing highs and selling lows.
Risk Warning: The current market has significant potential and is moving rapidly. Strict risk management is required to avoid misjudging trend continuity during corrections.
Understanding market trends is crucial for seizing trading opportunities.
Want to receive timely intraday strategy updates and trading alerts? Follow us to avoid missing out on key market trends!
Feel free to share your thoughts and positions in the comments section. Let's discuss!
XAU/USD Intraday Plan | Support & Resistance to WatchGold continues to extend its bullish move, currently trading around 4070 after reclaiming the 4051 resistance. Next resistance sits at 4082 โ a clean break above this level could open the path toward 4112, aligning with the rising channelโs upper trendline.
If price fails to sustain momentum above 4082, a pullback toward lower support levels is likely.
The first support lies near 4020โ3984, where the 50MA may offer dynamic support.
A deeper retracement could extend into the First Reaction Zone, which aligns closely with the channelโs lower trendline and may attract renewed buyer interest.
๐Key levels to watch:
Resistance:
4082
4112
Support:
4051
4020
3984
3953
3924
๐Fundamental Focus โ Week of Oct 13, 2025
The focus this week shifts to Fed Chair Powellโs speech on Tuesday, which could shape expectations for the next policy move.
โ ๏ธ US Government Shutdown Update:
Shutdown risks remain elevated as negotiations in Congress continue to stall. The impasse threatens to delay the release of key economic data, adding uncertainty and volatility to markets. Any sign of progress or breakdown in talks could trigger sharp moves in USD and gold.
GOLD Is Bullish! Buy!
Please, check our technical outlook for GOLD.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 3,973.70.
The above observations make me that the market will inevitably achieve 4,051.75 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Like and subscribe and comment my ideas if you enjoy them!
$4024 Gold: 8-Week Record. BUY Pivot $398x! Hello, traders!
Gold just wrapped up an impressive 8-week winning streak, closing the session at $4,024.40/oz (Futures). This rally was immediately triggered by President Donald Trump's unexpected threat of new tariffs on China, which fueled a rush toward safe-haven assets.
Fundamentals & Technical Bias: Buying the Pivot
Core Drivers: Escalating trade conflict (Trump), continued Fed rate cut expectations, and global political instability (US Shutdown, France risk) are solidifying gold's safe-haven status.
Technical Recovery: After a deep correction to $394x, gold recovered quickly and closed firmly above $399x. This confirms that buying pressure is dominant and the bullish momentum remains strong.
Priority Bias: BUY (Long). $398x is the critical short-term pivot point.
Risk Warning: Only switch to SELL (Short) if the price rapidly breaks below $398x due to negative news.
Key Price Levels:
Resistance: $4064, $4084, $4104, $4124
Support: $3984, $3951, $3934
Trading Strategy (Prioritize BUY at the Pivot)
BUY ZONE (Pivot $398x): $3984 - $3982
SL: $3974
TPs: $3992, $4002, $4012, $4022, $4032
SELL ZONE (Counter-Trend): $4024 - $4026
SL: $4034
TPs: $4016, $4006, $3996, $3986, $3976
Will the threat of a trade war push gold toward $4100 next week? ๐
#Gold #XAUUSD #4KGold #TrumpTariffs #8WeeksUp #Pivot #TradingView
XAUUSD (Gold) 15M - Systematic Trade Plan & Key Levels [1
Gold is consolidating within a defined framework on the 15-minute chart. Our analysis identifies critical demand zones and projected pathways based on momentum and structure.
Risk Management Note:
A definitive break and close below the lower boundary of the Buy Zone invalidates the bullish structure for this setup. Position sizing and stop-loss are calculated based on this invalidation point.
Conclusion:
This disciplined, checklist-driven approach removes emotion and focuses on price action confirmation. We monitor for alignment in momentum and volume for execution.
This insight is based on the methodology we employ in our copytrading system, focusing on structured risk and systematic execution.
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What's your analysis on these levels? I'm interested in other perspectives.
TVC:XAUUSD FX_IDC:XAUUSD #XAUUSD #GOLD #Trading #Forex #TradingPlan #AlgorithmicTrading #RiskManagement #DayTrading #Finance #Investing
GOLD CONSOLIDATION AFTER SELLOFF,Weekend Short-term Trading PlanXAUUSD: CONSOLIDATION AFTER SELL-OFF, Weekend Short-term Trading Plan
Hello traders ๐
The Gold market witnessed a strong and clear Sell-off yesterday, especially with the decisive break of the $4000 zone โ the area confirming a new corrective trend, or at least a long-term downtrend.
Currently, Gold prices are fluctuating within a narrow range (Sideways), mainly due to investor caution and the typical low liquidity of Friday. This lack of momentum suggests Gold is likely to continue sideways until the New York Session opens.
๐ Technical Analysis (Chart 30M โ XAUUSD)
Resistance Retest Zone (Fibonacci Retest): $4030 โ $4035. The ideal area for Sellers to re-enter.
Sell Scalping/FIBO 50 Zone: $4000 โ $4004. The $4000 price zone, once broken, now becomes strong resistance.
Key Support/Consolidation Zone: $3940 โ $3945 (Confluence of Support 1.618).
Long-term Buy Zone (Buy Scalping): $3890 โ $3880.
โ๏ธ Detailed Trading Plan (Short-term Trading)
The strategy for the day is Short-term Trading (Scalping) when prices hit minor resistance zones and seeking larger orders when matching Entry zones according to Fibonacci Extension.
๐ด SELL Scenario (Priority on downtrend structure)
1. Sell Re-test Zone $4000
Entry: ๐ 4002 โ 4004
SL: ๐ 4010
TP: ๐ฏ 3998 โ 3985 โ 3960 (Can hold the order if the reaction is good)
2. Sell Re-test Zone $4030 (Fibonacci Retest)
Entry: ๐ 4030 โ 4032
SL: ๐ 4037
TP: ๐ฏ 4016 โ 4002 โ 3998 โ 3978
๐ข BUY Scenario (Bottom fishing/Support)
1. Buy Scalping Zone $3940
Entry: ๐ 3940 โ 3942
SL: ๐ 3935
TP: ๐ฏ 3965 โ 3977 โ 3999 โ 4035
๐ก Fundamental View & Weekend Risks
News: A report from SEB Research suggests that market expectations for Fed rate cuts might be overly optimistic due to persistent inflation risks. This could pressure Gold and support the USD on a macro level.
Friday Risk: Reduced liquidity, prone to Stop Hunts or Fakeouts.
โ๏ธ Conclusion & Recommendations
Short-term main trend: Correction/Downtrend.
Action: Closely observe market reactions this Friday. Prioritize Selling at strong Resistance zones ($4000, $4030) and manage capital tightly (Tight SL) for Buy Scalping orders.
๐ Follow me for timely updates on the latest scenarios in the weekend trading session!
Gold 30Min Engaged ( Bullish Reversal Entry Detected )Time Frame: 30-Minute Warfare
Entry Protocol: Only after volume-verified breakout
๐ฉธBullish Reversal - 3985
๐ Reasons To Enter The path
โโโโ
โ Volume Engaged & Confirmed
โ Time Zone Aligned (London / NY)
โ Liquidity Cleared Below
โ Cluster Shield Active
โ Delta Shift Showing Buyer Control
โ Reversal Formation Detected
โ Price Below POC โ Ready for Retrace
โ Entry Prepared with Zero Emotion
Gold skyrockets from $4,000 to $4,400 in just 10 days! Global risks are rising โ fears of a major economic recession, falling stock markets, and growing military & trade tensions have pushed both retail and institutional investors (even banks) toward gold.
In major cities like Sydney, people are literally lining up to buy physical gold.
All indicators are showing overbought, but the real question is: how far can this demand pressure break through every chart and model? ๐๐ฅ
GOLD Set To Grow! BUY!
My dear subscribers,
GOLD looks like it will make a good move, and here are the details:
The market is trading on 4307.6 pivot level.
Bias - Bullish
My Stop Loss - 4291.5
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 4335.3
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
โโโโโโโโโโโ
WISH YOU ALL LUCK
XAUUSD โ Strong Uptrend Holding Firm, Eyes on 4350โ4400XAUUSD โ Strong Uptrend Holding Firm, Eyes on 4350โ4400 Breakout Zone
Gold continues its aggressive bullish structure, forming consecutive higher lows and respecting the dynamic trendline support (pink). The price has recently retested the trendline near 4340โ4350, showing early signs of consolidation before a possible continuation toward new highs.
Key Technical Outlook
Support Zones:
4315โ4325 (short-term intraday demand)
4250โ4270 (previous structure base & 0.382 Fibonacci area)
Resistance Zones:
4375โ4400 (psychological round number + trendline top)
4430โ4450 (potential extension target if breakout confirms)
Indicator & Price Behavior
The EMA structure remains aligned in bullish sequence with no crossover signals of weakness. RSI stays above 60, indicating healthy momentum though slightly overboughtโsuggesting a minor pullback could provide better long entries.
Trading Strategy
Primary Plan (Buy-the-Dip):
Wait for a retracement toward 4320โ4330, combine with bullish confirmation (RSI bounce or candle rejection) โ Target 4380โ4400.
Stop-loss: below 4300 (structure invalidation zone).
Alternative Plan (Breakout):
If gold breaks and closes above 4400 with strong volume โ follow breakout momentum toward 4435โ4450.
Overall, the trend remains strongly bullish. Any dips to trendline or Fibonacci zones continue to offer favorable long opportunities.
Follow for more daily gold strategies and technical insights to refine your trading entries.
XAU/USD 17 October 2025 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Analysis and bias remains the same as yesterday's analysis, however CHoCH positioning has moved closer to more recent price action.
Price has printed a further bullish iBOS, however, I will apply discretion and not classify it as such due to the insignificant depth of pullback relative to recent price action.
At the time of this analysis price is continuing to print bullish without pause, which, as a result, I am unable to confirm a fractal high.
Current bearish CHoCH positioning is denoted with a blue horizontal dotted line.
Intraday expectation:
Price to print bearish CHoCH to indicate bearish pullback phase initiation.
Note:
The Federal Reserveโs 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.
Price has continued bullish printing further ATH's.
Price has printed a further bullish iBOS and has again reacted from discount of 50% EQ.
Intraday expectation:
Price to target weak internal high, priced at 4,380.990.
Alternative scenario: As all higher timeframes are requiring a pullback, and we are seeing a narrowing of internal structure, price could target strong internal low.
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 Trumpโs tariff announcements, particularly against China, are expected to further amplify market turbulence, potentially triggering sharp price fluctuations and whipsaws.
M15 Chart:
XAUUSD: Prioritize Buying, Is the $5000 Target Still Distant?XAUUSD: "No More Gold to Sell" - Prioritize Buying, Is the $5000 Target Still Distant?
Hello trading community,
The Gold market (XAUUSD) is in a state of "extreme euphoria," continuously setting new highs. The upward momentum is driven not only by technical charts but also by extremely strong macroeconomic factors.
This article will analyze why the strategy "Prioritize Buying on Dips" is optimal, and the $4400 level, though seemingly high, might not be the final stop.
๐ฐ Macro Analysis: "No More Gold to Sell!"
The market is witnessing a physical supply shock that cannot be ignored:
Supply Shock: Japan's largest gold retailer has temporarily halted gold bar sales due to overwhelming buying demand. This is a clear signal that physical gold demand is far outstripping available supply. When physical gold is scarce, paper market prices must rise to reflect true value.
Falling Bond Yields: The 10-year German government bond yield (representing Europe) has dropped to its lowest level since June. Lower yields make Gold (a non-yielding asset) significantly more attractive compared to holding bonds.
Both factors are creating a "perfect storm" supporting the price rise of XAUUSD.
๐ Technical Analysis
The M30/H1 chart shows a very sustainable parabolic uptrend:
Trend: The uptrend is undeniable. Prices are moving in a steep upward channel, with all selling efforts quickly absorbed by buyers.
Fibonacci Extension: Fibonacci extension levels are acting as the next price targets:
Zone $4382 (Fib 2.273): Conquered.
Zone $4407 - $4410 (Fib 2.407): This is a potential "Sell Scalping" zone, where a short correction might occur.
Zone $4480 - $4483 (Fib 2.618): This is a strong resistance "Sell Zone," the next target for buyers.
Volume Profile (VPVR):
"Buy Retest" Support ($4290 - $4300): This is an extremely important liquidity zone, a former peak that has been broken and also an area with large accumulated trading volume. Buyers will strongly defend this zone.
๐ฏ Detailed Trading Strategy
The main trend is Buying. Any Sell orders at this time carry high risk and should only be considered for short-term scalping to catch corrections.
Scenario 1: Buy the Dip ๐
Entry Zone: Wait for price to correct to the "Buy retest" zone $4290.
Stop Loss: $4280.
Take Profit: $4312 - $4334 - $4372 - $4390.
Scenario 2: Sell Scalping โก๏ธ
Entry Zone: Look to sell at the Fibo $4410 zone.
Stop Loss: $4420.
Take Profit: $4393 - $4380 - $4370. (Note: Counter-trend order, use small volume and take quick profits).
Scenario 3: Sell at Strong Resistance Zone ๐
Entry Zone: $4480.
Stop Loss: $4490.
Take Profit: $4463 - $4442 - $4410.
Summary
The combination of a strong technical uptrend and a fundamental supply shock is pushing Gold into a new price cycle. The $4400 level has been conquered, and with this momentum, the long-term target of $5000 is no longer a fantasy.
The wisest strategy is to "go with the flow," looking to Buy at key support zones.
Wishing traders a successful week!
Gold's Historic Rally: Why It HappenedGold approaches $4,500 per ounce for the first time in history. Up more than 50% in less than a year. Everyone's asking the same question: Is this a historic breakout, or the setup for a massive crash?
The answer requires looking at three things: what brought us here, where we are technically, and what could go wrong.
PART 1: THE MACRO STORY
Gold doesn't just rally because people are "scared." It rallies because of structural shifts in how the world's largest institutions view money, risk, and trust.
Central Banks Are Buying Gold at Record Pace
Here's a number that should get your attention: Central banks bought 1,045 tons of gold in 2024. That's the second-highest annual total on record.
In 2025, the buying hasn't slowed down. Poland alone has accumulated 67 tons year-to-date. Turkey, India, Kazakhstan, and others are following suit.
But here's what's really happening: This isn't about inflation hedging. If it were, Western central banks (US, Europe) would be buying too. They're not. Instead, emerging market central banks are diversifying away from the dollar.
Why? Because they watched what happened in 2022 when the US froze Russian reserves. When you hold dollar-denominated assets, they can be weaponized. Gold can't be sanctioned. Gold can't be frozen.
Central banks don't panic sell on a 5% dip. When they buy, they hold. This creates a structural price floor. Every pullback gets accumulated.
What this means: Central bank buying is the foundation of this rally, not a temporary catalyst.
The Federal Reserve is Cutting Interest Rates
According to the CME FedWatch Tool, there is a level of certainty that the Fed would cut rates in October 2025, with markets pricing in another cut in December this year.
When interest rates fall, something important happens to gold: its "opportunity cost" decreases.
Here's the simple version: Gold pays no interest. So when bonds also pay almost nothing (after inflation), holding gold looks pretty reasonable. But when real yields are high, bonds look better and gold looks worse.
Right now, the market is pricing in lower real yields ahead. That's bullish for gold. If the Fed doesn't cut as much as the market expects, that changes everything.
What this means: Rate cuts fuel the rally.
Geopolitical Instability & Currency Debasement
Global tensions remain elevated: Middle East instability, US-China friction, and the ongoing Russia-Ukraine conflict. But that's not the real driver here.
The real driver is the loss of faith in government money.
Gold is at an all-time high, not just in US dollars. It's also hitting all-time highs in euros, yen, and yuan. This isn't a dollar story. This is a global reassessment of what "money" actually means.
Meanwhile, the US national debt is over $35 trillion. Debt-to-GDP is at World War II levels. Other countries (Japan, Europe) are in similar situations, printing money and running massive deficits.
When governments print excessively, investors need a hedge. Gold can't be printed.
What this means: As long as deficits remain high and geopolitical chaos persists, gold has structural demand that goes beyond cycles.
The Bottom Line
Three powerful forces are all pushing in the same direction:
Central banks structurally accumulating gold (de-dollarization)
The Fed cutting rates (lower real yields = gold support)
Global monetary instability (currency debasement = safe-haven bid)
This combination hasn't existed in most traders' lifetimes. That's why this rally feels different. And why it's lasted this long.
XAUUSD: $4,400 Target Next! Gold Bull Run ContinuesKey Observations:
Massive Uptrend: The chart clearly displays a strong, multi-day uptrend, marked by a series of high-momentum green (bullish) candlesticks.
Recent Price Action: Price has recently surged, followed by a minor retracement (the most recent red candle), but remains near the top of the move. This indicates the primary momentum is still firmly to the upside.
Key Support/Demand Zones:Immediate Demand (Yellow Box): A small yellow box is marked around the $\$4,250$ area. This represents a very recent, short-term support or 'flip' zone where price broke out and could potentially retest before moving higher.Deeper Demand (Blue Box): A larger blue box (around $\$4,130$ to $\$4,190$) represents a more significant, underlying demand zone.
Projected Price Action: The hand-drawn path suggests a direct continuation with potentially only a minor dip:
The path shows a small pullback toward the $\$4,300$ area (not explicitly marked by a zone) or a brief sideways move.
The black arrow points to an anticipated strong push up to the final target, resuming the dominant uptrend without necessarily hitting the marked yellow or blue zones.
Target: A dotted blue line at $\$4,400.69$ is the clear final target for this trade setup.
Gold Broke The ceiling of the Bullish Flag to claim $4K Pivot The price of gold has consecutively surge in price for the past 2 months to break the ceiling of the bullish flag pattern formed based on the 4-hour chart.
The asset has gained 35% so far earning almost $1200 prior the surge. With investors sentiment shifting to the asset Gold might claim the 4k resistant this last quarter.
With the RSI at 83, the asset is currently overbought with possible retracement to the $4200 Zone before the next legged up.
What about xauusd?I dont know, not much analysis here, its only bullrun, buy on every Asian session that trades flying to the moon. What next?
Mabe the price going to 4334 on asian session and after that its going to find a supportlevel that we are going for another buy.
Well, we see tommorow what happend, dont be greedy, its must be a pullback soon or a collaps.
What to you think?