XAUUSD Current Market Trading Strategies:1: Follow the Trend: In a bullish trend, the primary strategy is to look for buying opportunities after pullbacks.
Consider entering with a small position when gold prices retrace to the $3,810-3,805 support zone, with a stop-loss placed below $3,778.
2: Beware of Pullbacks: Given that gold prices have reached all-time highs, it's crucial to avoid blindly buying at high levels.
If prices quickly rise to the strong resistance zone of $3,880-3,900, consider cautiously shorting a small amount, but set a stop-loss above $3,865 to protect against extreme market rebounds.
3: Follow Up After a Breakout: If gold prices break above the upper channel at $3,860, the uptrend is likely to intensify, with the next target immediately reaching $3,900. At this point, consider initiating a small position to follow through, but risk management is equally important.
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Federal Reserve Policy Trends: Fed officials will deliver a speech on September 30th. Any hawkish comments (supporting tighter monetary policy) could dampen expectations of rate cuts and put pressure on gold prices.
Government Shutdown Risk: If the US government shuts down before midnight due to budget issues, the non-farm payroll data scheduled for release this Friday could be delayed. This uncertainty would significantly exacerbate risk aversion in the market and could further support gold https://prices.https://www.tradingview.com/x/jtMt1jZN/
