The Golden Run Continues: XAUUSD Eyes $3800? The Golden Run Continues: XAUUSD Eyes $3800?
Prior Bullish Momentum & Consolidation : XAUUSD entered a period of consolidation following a robust bullish rally earlier in the year. This initial surge established a strong underlying demand.
Symmetrical Triangle Formation : This consolidation phase manifested as a well-defined symmetrical triangle pattern on the 4-hour chart. This pattern typically represents a period of indecision, or accumulation/distribution, before a continuation of the prior trend.
Decisive Bullish Breakout: Gold has now executed a powerful and decisive upward breakout from the upper trendline of this symmetrical triangle. This action confirms the prevailing bullish sentiment and signals the likely resumption of the uptrend.
Key Support Level Established: The former upper trendline of the triangle, now residing around the $3500 mark, has effectively transformed into a critical immediate support level. A successful retest and hold of this level would further validate the breakout.
Strong Upward Trajectory: Post-breakout, the price action has been emphatically bullish, currently exhibiting a steep ascent within the marked green channel, indicating significant buying pressure.
Primary Price Target at Based on the measured move principle, often applied to symmetrical triangle breakouts (projecting the height of the pattern from the breakout point), our primary upside target for XAUUSD is 3800. This implies significant rally potential from current levels.
Disclaimer:
The information provided in this chart is for educational and informational purposes only and should not be considered as investment advice. Trading and investing involve substantial risk and are not suitable for every investor. You should carefully consider your financial situation and consult with a financial advisor before making any investment decisions. The creator of this chart does not guarantee any specific outcome or profit and is not responsible for any losses incurred as a result of using this information. Past performance is not indicative of future results. Use this information at your own risk. This chart has been created for my own improvement in Trading and Investment Analysis. Please do your own analysis before any investments.
GOLDMINICFD trade ideas
DeGRAM | GOLD will retest the support📊 Technical Analysis
● XAU/USD is consolidating within a descending channel, repeatedly rejecting the resistance line while defending support near 3,621.
● The structure suggests a short-term rebound attempt, with targets at 3,628 and 3,636 if buyers hold above the support line.
💡 Fundamental Analysis
● Gold is finding buyers as traders position cautiously ahead of the US CPI release, while subdued dollar strength and geopolitical risks maintain safe-haven interest.
✨ Summary
Bullish above 3,621; targets 3,628 → 3,636. Invalidation on a close below 3,621.
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Share your opinion in the comments and support the idea with a like. Thanks for your support!
GOLD WEEKLY CHART ROUTE MAP UPDATEHey Everyone,
After completing our 1h, 4h and daily chart ideas this week, please now see update on our weekly chart idea, which we also smashed into pips!!!
As anticipated -
This time, bulls followed through in full force:
✅ We got our Target Hit at 3482 after confirming the gap from the body close above 3387.
✅ To finish the week on a high, we also completed our long-range axis target at 3576, which has been highlighted on the chart since the beginning of our tracking on this chart idea.
🔹 3482 Gap Target Achieved
The upside gap has now been fully confirmed and met.
🔹 Axis Target 3576 Completed
The higher-timeframe target we’ve tracked since the start has been fulfilled, marking a strong close to the week.
With both the 3482 gap and 3576 axis target achieved, the bullish roadmap we’ve tracked has now played out to completion. Near-term, we’ll watch how price reacts around 3576. A strong close above could open fresh upside extensions, while failure here may trigger a healthy pullback toward 3387 for retest.
We will now come back Sunday with a full multi timeframe analysis to prepare for next week’s setups, including updated views on the higher timeframes, EMA5 alignments, and structure expectations going forward.
Thanks again for all your likes, comments, and follows.
Wishing you all a fantastic weekend!!
Mr Gold
GoldViewFX
XAUUSDHello Traders! 👋
What are your thoughts on XAUUSD?
Gold has been moving within a medium-term ascending channel and recently managed to break above a major resistance area that had previously rejected price multiple times.
Currently, the price is facing a psychological and technical barrier at the $3500 level, acting as the next resistance.
Price is expected to consolidate slightly below $3500 before attempting another push higher.
As long as price holds above the broken resistance and stays within the ascending channel, the bullish outlook remains valid.
A successful breakout above $3500 could open the path toward targets at $3600 – $3700-$3900 in the medium term.
Don’t forget to like and share your thoughts in the comments! ❤️
liquidity sweepA liquidity sweep is a term used in financial markets and trading to describe a situation where a large market order moves through multiple price levels, quickly consuming available liquidity in the order book. This can happen in both directions—up (buy-side sweep) or down (sell-side sweep).
🔍 Definition:
A liquidity sweep occurs when a market participant aggressively executes a large order that "sweeps" through the order book, taking out multiple levels of bid or ask prices in quick succession.
GOLD Will Collapse! SELL!
My dear friends,
My technical analysis for GOLD is below:
The market is trading on 3648.4 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 3641.2
Recommended Stop Loss - 3652.3
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
———————————
WISH YOU ALL LUCK
Gold – Still One of Wall Street’s Highest Conviction TradesGold – Still One of Wall Street’s Highest Conviction Trades
Almost every major Wall Street bank currently lists long Gold as one of their strongest conviction calls – and the reasoning makes sense. There are three fundamental drivers that continue to support the bullish case:
I. Persistent U.S. Inflation → Gold remains in strong demand as a hedge.
II. Potential Fed Rate Cuts → Likely USD weakness could further lift Gold due to its negative correlation .
III. Reserve Diversification → A gradual shift towards Gold as a USD alternative in global central bank and hedge fund portfolios.
I’m not typically a trend trader, nor do I trade Gold frequently (my focus is mean reversion in FX), but I do find these arguments compelling.
From a tactical perspective, I wouldn’t chase the current highs. Price recently broke out of a triangle formation, and the Williams %R is at levels that historically preceded pullbacks. If I had to establish exposure, I’d prefer to wait for a retracement into the 38.2%–61.8% Fibonacci zone, scaling in gradually with multiple small longs.
To be clear – I don’t see an attractive short setup here. But patience may offer better risk–reward on the long side.
What’s your view? Do you agree with the fundamental case, or do you see a different setup?
Stay safe & happy trading,
Meikel
RSI + MACD Cross + MorningStar TokyoTook this long during the Tokyo session (M15) after RSI dipped to 35 on XAUUSD. Waited for a bullish Morning Star to complete, then entered once MACD crossed bullish for extra confirmation. TP is set at 1:10, just below the high from two weeks ago.
Sharing for educational purposes — not financial advice.
XAUUSD-The rally might just be getting startedAfter receiving several messages asking “what would be a good level to start thinking about selling gold after this amazing rally?”, I’ve decided to prepare a post focused on long-term investing, even though I'm more focused in the short term opportunities.
In the short term, it’s clear for everyone here on TradingView, gold has broken out of a textbook ascending triangle and is pushing into new all-time highs .
But… how far can this madness go!?!?
To answer, I’ve taken a long-term perspective, analyzing the monthly chart to give a broader view.
First of all, let me say that nobody knows exactly where gold will stop, and anyone who claims otherwise is lying. What I can do is highlight the levels that are more probable than others, based on technical patterns, Fibonacci extensions, and how gold has reacted to these in the past.
Gold has been one of the strongest long-term performers in financial history, and the monthly chart tells us that the story might be far from over.
In the past, a Cup & Handle pattern pushed prices nearly 3x the height of the formation.
Right now, gold is completing another massive Cup & Handle, and we’re already near the x1 target ($3,900).
The rally could extend to x2 ($7,200) or even x3 ($13,500) until 2030.
The timing also aligns: the impulse wave after the last correction lasted 146 months, and this new rally is following a very similar time structure. According to the chart, this cycle could realistically stretch until 2030. Of course, with volatility but probably with a strong trend year after year.
For long-term investors, this means:
Any deep correction = opportunity
Gold remains one of the best hedges against uncertainty
Patience could be rewarded with a historic move
I’m personally very bullish on gold’s long-term outlook, and I see this asset as a must-hold in a diversified portfolio. Corrections will come, but the structure suggests they’ll just be steps on the way higher. In the chart, you can also see a projection of the previous rally channel, Fibo time levels of the past correction being amazingly perfect and how it's realated with the current one, but it's not that important for the forecasted levels, so I don't want to overwhelm you :)
Furthermore, many countries have been shifting from sovereign debt to gold in their reserves, and this trend has been accelerating in recent years.
Gold (XAUUSD) – Holding Near Record Highs as Rate Cut Bets BuildGold is consolidating just below its recent all-time high of $3,673, trading around $3,636 per ounce. The metal remains supported by:
• 📉 Weak U.S. economic data fueling expectations of a Federal Reserve rate cut.
• 🌍 Strong central bank demand, especially from China and India.
• 💵 Dollar weakness, down more than 10% this year, lifting gold’s appeal.
• ⚔️ Geopolitical tensions, keeping safe-haven demand alive.
Short-term focus is on upcoming U.S. CPI and jobless claims, which could spark fresh volatility. Technically, gold is ranging near highs — a sustained break above $3,673 could open the path to $3,700+, while a failure to hold support near $3,600 risks deeper pullbacks.
If you like ICT & TJR you must love this.Hey guys, been like almost 3 years since I dove into this algo trading course, and just a month ago I finally got my ICT & Tjr MT5 EA all done. Anyone wanna try or chat about it, just DM me.
It's def not a magic money maker lmao xD expect about 40% max drawdown if you're aiming for 200% returns. For passing funded accounts, it'd prob take a month or so sticking to that 5% daily DD. But you could speed it up with some manual tweaks though , like taking profits early or cutting losses early .
I'm running it on a $50 deposit from last Friday, and it's up to $717 now. But yeah, I've been hopping in manually a bunch to tweak stuff.
If you're down, I can hook you up with the EA for free you only got to run it on demo for a month, give me real feedback, and help collect some data. After fixes from that, might give it free in exchange for solid reviews and feedbacks to prepare it up for 2026 launch.
Btw, not selling this thing rn and won't fill i got everything set up.
All Time High, again?!Gold Keeps Climbing & Traders Keep Selling🚀Gold printed a new all-time high. Last Friday, now Monday and today.
You sell. You lose.
The minute it pulls back, you try again.
Same story on repeat.
Thousands of beginner traders are caught in this loop right now.
Sell → Stop Loss → Frustration → Sell again because now for sure it will reverse, because it has to... wake up and stop this loop.
I. The Mental Bias – Why ATHs Trigger Dumb Decisions
The human brain hates “expensive”.
Expensive feels wrong to buy, so you try to sell it, forgetting that expensive can get even higher in price. We are wired to hunt bargains, not pay premiums, but Gold at ATH doesn’t follow shopping logic.
“I missed the buy, so I’ll catch the drop” is Ego trading, not strategy.
People confuse exhaustion candles with reversals.
ATHs are not automatic sell signals; they are liquidity traps.
Your brain wants to be right, not profitable.
II. Why GOLD is Different – It Doesn’t Behave Like Forex Pairs
Gold = Safe Haven.
It attracts massive capital in global political & economic uncertainty.
When XAUUSD breaks ATH, it often does so to induce sellers, not reverse.
It will breathe, drop 100 pips, trap more shorts, and rally again.
This is by design, due to the fact that the market runs on pain and liquidity.
III. So What Should You Actually Do?
• Stop shorting just because it’s “too high”. Learn to wait or buy pullbacks.
• Don’t trade out of regret. Trade from a solid plan.
• Use bias on different time frames from high to low, structural zones and key levels.
• Align with HTF bias. Intraday trades should flow with the structure.
• Gold gives pullbacks, if you miss them, wait, don’t chase reversals until the fire in price action settles with solid confirmations.
🌟Conclusion to follow:
It’s not Gold that destroys accounts, but panic, ego, lack of patience and the absence of structure.
XAUUSD isn’t your enemy, but as always your emotions are. Until you learn to keep them in check, trade less and ….
Survive ATH season by following the structure and leave moods & fake hopes out of the market.
If this article helped you today and brought you more clarity:
Drop a 🚀 and follow us✅ for more trading ideas and trading psychology. Thank you.
XAUUSD Liquidity Addiction: Why Your Brain Wants to Get Swept
💫There’s a cruel irony in trading: the cleaner a level looks, the more dangerous it usually is. ATHs, equal highs, perfect lows, and round numbers shine like neon signs saying “enter here.” And your brain, wired for safety and clarity, feels drawn to them like a moth to light. The problem? In SMC, those are not safe zones. They’re bait.
1. The Brain Craves Clarity
The human mind hates uncertainty. When a chart looks messy, hesitation dominates. But on the show of perfect symmetry, you relax because you see something clear. That relaxation is a dopamine hit, and you get addicted to it. But in the markets, the very thing that calms you down is what sets you up.
2. Trap in Action
You’ve seen it before. Price builds a flawless high, traders lean in heavy with sells, certain it can’t go higher — and then Gold rips into new ATHs. The sweep takes them out in minutes. What hurts most isn’t the loss itself, it’s the betrayal. You were so sure and felt safe. And that’s the point: the moment of peak confidence is the moment of maximum exposure.
3. Psychological Addiction
This cycle is repetitive for your brain, giving it a fake feeling of safety. Every “almost win,” every daily plan that looked perfect, every friend who caught that one clean breakout — it all trains you to crave the next hit of certainty. You’re not hooked on trading itself but on the illusion of control. The market doesn’t have to be smarter than you. It just has to let your brain do the 'work', then they take a piece of your account with your SL being hit.
📋 Takeaways
1. Spot the bait, don’t buy/sell it → If it looks too perfect, don’t ask “what am I benefiting?” but ask “WHO’s benefiting from this?”
2. Don’t trade the sweep itself → Wait for the reaction & confirmation after liquidity is taken.
3. Flip the perspective → Ask where the trap is being set, not where the bait is shining.
4. Patience is a position → Sweeps only work because traders can’t sit still.
🔑Liquidity does not hunt you. It waits for you to walk in. The moment you stop chasing certainty and start chasing context — structure, reactions, and intent — the game changes.
The 'traps' and 'baits' are in plain sight, so they cannot fool you so often.
If this article helped you today and brought you more clarity:
Drop a 🚀 and follow us✅ for more trading ideas and trading psychology. Thank you.
Gold: “Soft Data – Tailwind”, Watching 3,660–3,670 BreakHello everyone, today I want to quickly share my view on gold after the latest US data.
Jobless claims jumped to 263k – the highest since 2021 – signalling that the labour market is cooling. This scenario usually pushes USD and yields lower, giving gold room to rebound from session lows. On the other hand, August CPI rose to 2.9% y/y, showing inflation is not completely “cool”, but overall the backdrop remains supportive for the precious metal. Add to this the ECB holding rates steady, crude falling around $62.5, US 10Y yields easing to 4.01%, and ETF flows alongside the PBoC still buying gold, I think the current macro environment leans bullish.
On the 6H chart, the uptrend structure is intact: price sticks above the Ichimoku cloud with layered FVGs below – signs of active demand. The sideways move now is simply “compression” near fresh highs, as short-bodied candles appear repeatedly, showing sellers lack momentum.
What I’m waiting for is a breakout above 3,660–3,670. If we see a clear 6H close, momentum should quickly lift price to 3,690–3,705, and possibly extend to 3.72x. If there’s a dip, 3,630–3,620 will be the first cushion; deeper is 3,605–3,595. Only a 6H close under 3,570 would call the trend into question.
Do you think gold has enough strength to break this range? Share your view in the comments!
Gold continues to rise, setting new record highs.Gold continues to rise, setting new record highs. The market is currently consolidating, but the overall structure remains bullish. The rally has been supported by a weaker U.S. dollar and growing expectations of aggressive Fed policy easing.
However, the overbought conditions and potential profit-taking could limit further upside in the short term. At this stage, gold is consolidating, and the fundamental background remains stable. Since market-moving news is difficult to predict in advance, traders should closely watch technical levels.
Support Area Price may retest lower support zones before resuming its uptrend The next possible upside target is around 3675.
You any find more details in the chart.
Trade wisely best of Luck Buddies.
Ps; Support with like and comments for better analysis.
continue to maintain long-term uptrend⭐️GOLDEN INFORMATION:
Gold (XAU/USD) extends its intraday climb on Tuesday, holding near record highs as weak US jobs data reinforces expectations of aggressive Fed rate cuts. The softer labor outlook limits the Dollar’s rebound and supports renewed demand for the safe-haven metal after Monday’s brief pullback.
⭐️Personal comments NOVA:
Gold prices continue to maintain an upward trend, with strong buying power ahead of the interest rate cut. The market is still very excited.
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: 3684- 3686 SL 3691
TP1: $3675
TP2: $3662
TP3: $3650
🔥BUY GOLD zone: $3596-$3598 SL $3591
TP1: $3608
TP2: $3620
TP3: $3633
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
GOLD New High Record Break Gold New High on the Way! 🔥
Current Price: 3635
📈 Buy Entry Active — Target 3690
✨ Gold is in full bullish control.
✨ Buyers pushing strongly toward new record highs.
✨ Market confidence remains unshaken.
✨ Every dip is being bought instantly.
✨ Strong fundamentals + technicals support upside.
✨ Next resistance is ready to be tested soon.
✨ A breakout above 3690 can open doors for even higher levels.
✨ This could be the start of another major rally.
⚡ Don’t wait — secure your position now before the breakout run begins!
Gold Technical Analysis – Is a Pullback Coming?Hello everyone, Ken here!
Looking at the chart, gold is still trading within a clear rising channel, but the price has now moved up to the upper boundary. This is an area where profit-taking pressure often appears and can act as dynamic resistance.
If buying momentum weakens, the market is likely to see a short-term correction toward the support zone around 3,630 USD. If buyers defend this level, the bullish trend can continue. On the other hand, if support is broken, gold may retreat further toward the lower boundary of the channel.
The key is to watch candlestick signals and volume at these critical levels. Careful risk management should always be the top priority before making decisions. Trade safe!
Gold Analysis – 15-Minute Timeframe (September 10 , 2025)Has gold formed a Quasimodo (QM) pattern? We’re not certain yet. If price reacts from the current zone, it may retrace toward the blue area. Otherwise, one more chance for a pullback remains — a rejection from the previous high.
If that level fails to hold, gold has potential to rally toward the 3720 zone.
⛔ No entry without confirmation.
✅ Risk management is essential.
📈 Wishing you profitable and disciplined trading.
Forget the USD–Gold Correlation: Trade What MattersI took my first steps in the markets back in 2002 with stock investments. Real trading, however—the kind involving leverage, speculation, and active decision-making—began for me in 2004.
Like any responsible beginner, I started by taking courses and reading the classic trading books. One of the first lessons drilled into me was the inverse correlation between the US dollar and gold.
Fast forward more than 20 years, and for the past 15, XAUUSD has been my primary focus. And here’s the truth: I’m here to tell you that relying on USD–gold correlation is a mistake.
In this article, I’ll explain why you should avoid it, and more importantly, I’ll show you how to think like a “sophisticated” trader—especially if you can’t resist looking at the DXY .
Let’s Dissect the Myth
And for those who will say: “How on earth can you call this a mistake? Everyone knows gold moves opposite to the dollar!” — let’s dissect this step by step.
There couldn’t be a better example than 2025. We’re in the middle of a clear bullish trend in gold. Prices are climbing steadily, but not only against USD.
If gold were truly just the inverse of DXY, this overall rally wouldn’t exist. But it does. Why? Because the real driver isn’t the dollar falling — it’s demand for gold itself . Central banks are buying, funds are reallocating, and investors see gold as a store of value.
The Simple Logic That Breaks the Correlation
If it were truly a mirror correlation, then XAU/EUR would have been flat for years. Think about it: if gold only moved as the “inverse of the dollar,” then against other currencies it should show no trend at all. But the charts tell a completely different story.
Gold has been rising not just in USD terms, but also in EUR, GBP, and JPY. That means the move is not about the dollar being weak — it’s about gold being in demand.
This simple observation destroys the illusion of a strict USD–gold inverse correlation. If gold climbs across multiple currencies at the same time, the driver can’t be the dollar. The driver must be gold itself.
Why Correlation Thinking Creates Frustration
This is exactly why I tell you to ignore the so-called correlation: because it distracts you. You end up staring at the DXY when in reality, you’re trading the price of gold.
And that’s where frustration kicks in. You’re sitting on a position, watching the dollar index going higher, and you start yelling at the screen: “DXY is going up, so why isn’t gold falling? Why is my short position bleeding instead of working?”
I’ve been there many years ago, I know that feeling. But here’s the truth: gold doesn’t care about your correlation. It doesn’t care that DXY is green, red or pink. It moves on its own flows. And when you finally accept that, your trading becomes much cleaner. You stop being trapped by illusions and start focusing on the only thing that matters: the demand and supply of gold itself.
Where the Confusion Comes From
So where does all this confusion come from? Let’s take an example: imagine we get a very bad NFP number. That translates into a weaker USD. What happens? XAUUSD ticks higher.
Now, most traders immediately scream: “See? Inverse correlation!” But that’s not what’s really happening. The move you’re seeing is just a re-alignment of gold’s price in dollar terms. It’s noise, not a fundamental shift in gold’s trend.
If gold is in a downtrend overall, this kind of move doesn’t suddenly make it bullish. It’s just a temporary adjustment because the denominator (USD) weakened. On the other hand, if gold itself is already strong, such an event can act as an accelerator, pushing the trend even stronger.
The key is this: the dollar can influence the short-term pricing of XauUsd, but it doesn’t define the trend of gold. That trend is driven by demand for gold as an asset.
A Recent Example That Says It All
Let’s take a very recent example. Over the past month, DXY has been stuck in a range — no breakout, no major trend. Yet gold hasn’t just pushed higher in USD terms, it has made new all-time highs in XAU/EUR, XAU/GBP, and other currencies as well.
Why? Because gold rose. Not because the dollar fell, not because of some neat inverse chart overlay. Gold as an asset was in demand — globally, across currencies.
This is the ultimate proof that gold trades on its own flows. When buyers want gold, they don’t care whether DXY is flat, rising, or falling. They buy gold, and the charts across multiple currencies show it.
What Sophistication Really Looks Like
If you really want to be sophisticated, here’s what you do:
You see a clear bullish trend in XAUUSD. At the same time, you notice a clear bearish trend in EURUSD — which means the dollar is strong. Most traders get stuck here. Their brain short-circuits: “Wait, how can gold rise if the dollar is also strong?”
But the sophisticated trader doesn’t waste time arguing with a textbook correlation. Instead, they look for the trade that makes sense: buy XAU/EUR.
Because if gold is strong and the euro is weak, the real opportunity isn’t in fighting with DXY — it’s in positioning yourself where you can earn more. That’s not correlation thinking. That’s flow thinking.
Final Thoughts
The dollar–gold inverse correlation is a myth that refuses to die. Traders cling to it because it feels simple and safe. But real trading requires letting go of illusions and facing complexity head-on.
Gold is an independent asset. It rises and falls because of demand, not because the dollar happens to be moving the other way. Once you stop staring at DXY and start trading the flows that actually drive gold, you’ll leave frustration behind and step into sophistication.
🚀 If you still need DXY to tell you where gold is going, you’re not trading gold — you’re trading your own illusions.
XAUUSD–Bullish vs Bearish OBToday, I want to remind you of a very important concept: Order Block (OB).
It may sound complicated, but it’s actually simple: an OB is the last candle before the market makes a strong move – the footprint left by big money.
There are two main types of OB:
Bullish OB: the last red candle before price shoots up 🚀
Bearish OB: the last green candle before price drops hard 📉
👉 Practical use: When price returns to an OB zone, that’s often the best place to enter a trade in line with Smart Money, with higher win probability.
⚠️ Remember: OBs are not the “holy grail.” But when combined with support–resistance, trend analysis, and solid risk management, they become one of the most powerful weapons in trading.
Weekly Outlook: Strong Bullish Momentum Meets Key US Data XAUUSD – Weekly Outlook: Strong Bullish Momentum Meets Key US Data | MMFLOW TRADING
Market View:
Gold (XAUUSD) ended the week with explosive momentum after Nonfarm Payrolls pushed price to a new ATH near $3600/oz. On the daily chart, the bullish candle closed with only ~30% wick, showing no signs of profit-taking. The weekly chart also printed a powerful bullish candle, confirming BUY dominance. This suggests that gold could see further upside in the coming week – and potentially throughout this month.
Macro & Fundamental Drivers (Week Ahead):
Key US data will drive volatility in XAUUSD:
Wed, Sep 10: Core PPI & PPI m/m → hotter-than-expected prints could support USD short term, weighing on gold.
Thu, Sep 11: CPI (Core, m/m, y/y) + Jobless Claims → the most critical release. Softer CPI + higher jobless claims would fuel gold’s rally, while hotter CPI keeps Fed hawkish.
Fri, Sep 12: UoM Consumer Sentiment & Inflation Expectations → inflation outlook could shape Fed expectations further.
Overall, fundamentals may create volatility, but the medium-term bias stays bullish.
Technical Outlook (H1 Chart):
Price is consolidating sideways after the Nonfarm breakout. Key levels to watch next week:
Support: 3574 – 3551 – 3530 – 3516
Resistance: 3600 – 3621 – 3633 – 3649 – 3669 – 3678
Trading Plan:
BUY bias (preferred):
Long on pullbacks around 3574–3550
SL: below 3530
TP: 3600 → 3621 → 3633 → 3649 → 3669 → 3678
SELL scalp (alternative):
Only if 3530 breaks with strong CPI upside surprise → target 3516/3527
Summary:
✅ Gold remains in a strong uptrend on both Daily and Weekly charts, with macro factors favouring further upside if inflation continues to ease.
👉 Watch 3592 (bullish trigger) and 3575 (bearish trigger) – these are the decision points for the next major move.
Follow MMFLOW TRADING for daily updates and trade setups.