XAUMO GOLDEN REPORT – The Golden Analysis for XAUUSD (Footprint)XAUMO GOLDEN REPORT – The Golden Analysis for XAUUSD (Footprint 15m/60m/240m/1D)
🗓️ Date/Time: 3 October 2025 — 08:15 UTC+3
📊 Prices now: Ask 3851.77 / Bid 3851.47
Today’s levels from the footprint: 3863/3859 = intraday resistance — 3855 = Pivot — 3848/3840 = trading support — 3819 = deeper support.
15 Minutes (Scalping)
Price action: A quick buying thrust to 3851.7 then a sharp pullback; positive-delta candles at the top followed by negative-delta blocks = failed buying and quick distribution.
Volume: A volume explosion on the brief breakout, then calm with a negative tilt — the seller is holding the reins for the moment.
Range: 3859 ↔ 3848; every rise to 3855–3859 is met with offers (absorption).
60 Minutes
Internal trend: Down/sideways below 3860; a sequence of negative blocks on the minor highs.
VWAP/Fibo: Price is below the 3855 pivot and near the 50–61.8% retracement of yesterday’s wave, which favors an extension lower toward 3840 if the bounce fails.
4 Hours (240m)
Structure: After a weekly high, an orderly correction from the 3890s; the nearest important low is 3819.3, and a mid-balance zone is 3840–3828.
Momentum: Tilted to the downside with short-term lower highs.
Daily (General Trend)
Larger trend: Up, but with two clear days of profit-taking.
Candles/Volume: Longer upper wicks + elevated volume at the highs = distribution. Holding below 3860 keeps the corrective scenario open toward 3828–3819.
XAUMO’s Plan (Educational only, not advice)
The preferred scenario today: sell the pullback to the pivot.
Order Type Entry Stop Loss Take Profit Confidence
Main Trade Sell Limit 3855.20 3863.60 3838.00 🔥 81%
Reason (focused and straight):
3855–3859 is a repeatedly offered area (absorption + negative delta after a failed 15m thrust).
Staying below VWAP/Pivot 3855 = bearish bias toward 3840/3838.
60m structure is short-term down; any rise toward 3859 is likely just a pullback.
Alternative plan (if it rips upward):
Buy Stop 3864.20 → TP 3878.50 → SL 3856.80 only if a 15m candle closes above 3864 (price acceptance above resistance).
Invalidating the bearish scenario:
A steady close above 3864 cancels the short and shifts thinking to buying the breakout as above.
Risk management:
Risk ≤ 0.6% of capital; no chasing — keep your entry pending at the specified zone.
Conclusion: Today the market tends toward a corrective decline below 3860. Sell the pullback from 3855–3859 and target 3838; give new highs their due only if there is acceptance above 3864 — otherwise, the plan is bearish.
SPOTGOLD trade ideas
GOLD (XAU/USD): Bullish Rally ContinuesIt appears that gold is expected to continue its upward trend, potentially reaching the 3920 level.
A confirmed break of structure on the 4-hour chart suggests that buyers are currently in control.
Given the lack of significant US news today, the market is anticipated to maintain a strong bullish sentiment.
Gold – Is Gold Volatility Here to Stay?Gold has experienced a rollercoaster week up to this point as traders dealt with portfolio rebalancing into the end of Q3 on Tuesday and the fallout from a US government shutdown, which went into effect on Wednesday morning as Republican’s and Democrat’s failed to agree a new funding package for the first time in seven years.
Add to that, central bank buying of price dips as a diversification away from the dollar, geo-political risks and uncertainty about the next interest rate moves from the Federal Reserve (Fed) into the end of 2025, and traders may be asking the question, is Gold volatility here to stay?
In the short term, the answer could be yes.
So far this week, Gold prices opened on Monday at 3760 and rallied 3%, breaking above the previous all-time high of 3791, to see a new peak of 3872 on Tuesday morning. They then reversed course, dropping back 2% to 3793, before resuming the uptrend again on Wednesday, as the start of the US government shutdown commenced. Trading 2.7% higher to a new record high of 3895. Wow!
Gold is one of the most popular safe haven assets for traders and right now there is a lot of uncertainty fuelling its demand, especially through ETFs as investors rush to find a hedge for any problems that may materialise if US lawmakers can’t reach an agreement before the weekend.
One major issue created by the shutdown is the delay of Friday’s US Payrolls number. Traders were relying on this update to help them clarify the potential for a further interest rate cut from the Fed at their next meeting on October 29th. Fed policymakers, speaking this week, have provided mixed outlooks on interest rates, which has further muddied the water in this area, underpinning the move higher.
However, Gold long positioning does at times get extended as Tuesday’s drop highlights. With the Gold price currently trading near it’s all time highs (3868 0700 BST), it could be susceptible to downside pressure from a liquidation of weak long positioning caused, for example, by any headlines confirming a breakthrough in talks between Democrats and Republicans.
As suggested above, short term Gold volatility could continue into the weekend, and in this regard assessing the technical outlook to identify key support and resistance areas that may be relevant could be useful.
Technical Update: Challenging Extension Resistance
Since the August 20th low into yesterday new all-time high, Gold has advanced 17.6%, in what has been an almost uninterrupted phase of price strength. This has been reflected by the consistent posting of higher highs and higher lows in price, maintaining positive investor sentiment.
This move has defied some traders’ expectations that overbought or overextended conditions might stall the advance or even trigger weakness. As the chart above shows, that hasn’t materialised. However, prices did test a potential resistance focus at 3874 yesterday, a level equal to the 100% Fibonacci extension, which has so far successfully capped the advance on a closing basis. The question now is whether this marks the extent of the current price strength in Gold, or if it’s a pause before further upside attempts emerge.
While it's impossible to answer definitively at this stage, it’s increasingly important to identify and monitor key support and resistance levels in Gold. Should volatility pick up, these technical markers could prove important in assessing directional risk.
Potential Support Levels:
Price corrections following strong advances are a typical market response to short-term upside overextension, and Gold may well be entering such a phase. Traders could now focus on 3793 as the first key support, which is the 38.2% Fibonacci retracement of the latest rally. This level holding if price weakness is seen, could stabilise sentiment, while a closing break lower may lead to a deeper pullback.
A closing break below 3793 wouldn’t necessarily signal a shift in downside sentiment, but it could open tests of 3730, the deeper 61.8% Fibonacci retracement, a level that may offer stronger support if the sell-off extends.
Potential Resistance Levels:
Gold has stalled so far at 3874, the 100% extension level, which now marks initial resistance. If the uptrend from the August 20th low is to persist, a close above 3874 may lead to a more extended phase of price strength.
While not a guarantee of further price upside, successful closes above 3874 might trigger renewed attempts at strength in Gold, possibly opening scope toward 4017, the 138.2% Fibonacci extension, a level that may then act as the next main resistance area.
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Gold Continues to Show Strength👋Hello everyone, what do you think about the current trend of OANDA:XAUUSD ?
Yesterday, the market received an important piece of news: the JOLTS data showed 7.23 million job openings in the U.S., surpassing the forecast of 7.19 million and slightly higher than the previous figure of 7.21 million.
In response to this information, gold initially experienced a temporary pullback but quickly regained momentum. Despite the somewhat negative impact on gold due to this data, it reaffirms XAUUSD's position as a safe-haven asset.
As of the time of writing, XAUUSD continues to test new highs, with the price currently trading around 3,865 USD. The short-term outlook remains supported by technical factors. As long as the support levels hold, I remain optimistic and target higher levels, with 3,900 USD being the first psychological level.
What do you think about the trend of XAUUSD? 💬Feel free to share your thoughts in the comments!
What is Bullish/Bearish Breaker Block & How to Find It Easily
Breaker blocks are easier to find than you think.
In this article, I will share with you very efficient price models for the identification of Order Blocks and Breaker Blocks.
You will learn their meaning, how to draw and use them in trading Smart Money Concepts SMC.
Bullish Trend Model & Breaker Block.
Let's start with an essential theory .
Please, examine a following price model:
In a classic bullish structure where the price consistently updates Higher Highs HH and Higher Lows HH, a bullish order block zone will be the area based on the last Higher How.
I will explain how to draw that zone in the examples below.
In some instances, a bullish order block zone will fail to deliver a bullish wave. Its bearish breakout will follow after its test instead.
It will be a critical event that is called a market structure shift in Smart Money Concepts SMC.
A formation of a new low will signify a violation of a bullish trend and a highly probable change of the market sentiment.
A broken bullish order block zone will turn into a Bearish Breaker Block.
The zone from where the next bearish wave will most likely follow.
It will provide a very safe place to sell from.
Market structure shift in a bullish trend is not a random event.
It usually occurs after a test of a significant supply zone with a liquidity grab.
It can help you to predict the change of the sentiment way before it happens.
That's an example of such a price model on GBPAUD forex pair.
We see a confirmed bullish liquidity sweep in uptrend after a test of a historic supply zone.
A bearish wave followed then and a bullish order block zone was broken.
To draw Order Block Zone, I picked the level of the last higher low as its lower boundary and a low of a body of that candlestick as the upper boundary.
After a breakout, it turned into a Bearish Breaker Block.
A bearish continuation occurred after its test.
Bearish Trend Model & Breaker Block.
Please, check this model:
In a classic bearish structure where the price consistently updates Lower Lows LL and Lower Highs LH, a bearish order block zone will be the area based on the last Lower High.
In some instances, a bearish order block zone will fail to deliver a bearish wave. Its bullish breakout will follow after its test instead.
It will be a significant event that is called a bullish market structure shift in Smart Money Concepts SMC.
A formation of a new high will signify a violation of a bearish trend and a highly probable change of the market sentiment.
A broken bearish order block zone will turn into a Bullish Breaker Block.
The zone from where the next bullish wave will most likely follow.
It will provide a very safe place to buy from.
Market structure shift in a bearish trend is not a random event.
It usually occurs after a test of a significant demand zone with a liquidity grab.
That's a real example of such a price model on WTI Crude Oil.
A bearish structure was violated after a test of a demand zone.
A bearish order block was broken, and it turned into a Bullish Breaker Block Zone then.
(Drawing a bullish order block zone, I picked the level of the last lower high as its upper boundary and a high of a body of that candle as its lower boundary )
A bullish movement followed after a deep test of that.
A proper combination of structure mapping and liquidity analysis will help you to predict a market structure shirt and a breaker block creation before they happen.
The models that I shared will help you to confirm bullish and bearish breaker blocks trading Forex or any other markets with Smart Money Concepts SMC ICT.
❤️Please, support my work with like, thank you!❤️
I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Bullish re-Buy orders delivering excellent resultsAs discussed throughout my yesterday's session commentary: 'I have engaged multiple orders on #3,852.80 benchmark and closed all of my orders on #3,878.80 with excellent Profit throughout Friday's session and had pending Buy orders on #3,892.80 break-out which were closed today on #3,927.80 extension. I am expecting my #4,000.80 benchmark Target to be realized soon as I await #3,937.80 Support test to Buy Gold more towards #3,952.80 benchmark, then #4,000.80 benchmark extension. This is wonderful Bullish Price-action to Trade by and my #4,000.80 benchmark test / Medium-term Target I announced from #3,700's is coming earlier than I expected. Congratulations for Traders who had been following my Bullish calls, well done while Sellers are constantly trapped and liquidated on current multi-Month Bullish Price-action.
My position: Needless to mention, everything remains the same as I am Buying every dip. Current Price-action is trapping Sellers on Intra-day basis, hitting their Stop-losses which are fuel to current Bullish run. I Bought #3,943.80 throughout yesterday's session, added Buying orders on #3,952.80 benchmark break-out to the upside many times and #3,962.80 was my closing point for all orders (cca. #14 re-Buys throughout yesterday's session). I will continue Buying every dip Targeting #4,000.80 benchmark on Medium-term.
Gold Watching 3,780 as Fed Drama & Geopolitics Boost DemandHey Traders, in today's session we are watching XAUUSD closely as price pulls back toward the 3,780 support zone. The broader trend remains bullish, and this retracement could offer a potential buying opportunity if buyers defend this level.
Market Structure: Gold has been steadily climbing, and the current correction is bringing price back to an important technical area where demand has stepped in before.
Level to Watch: 3,780 — if this zone holds, it may trigger the next leg higher in the ongoing uptrend.
Macro Drivers:
Political Noise in the U.S.: Market chatter picked up after Trump jokingly posted a meme about firing Fed Chair Powell. While tongue-in-cheek, it adds uncertainty about the Fed’s independence — a factor that often supports safe-haven flows into Gold.
Global Tensions: Heightened geopolitical risks, particularly with Russia, are driving demand for protective assets, which strengthens the bullish outlook for Gold.
We’ll be watching how price reacts around 3,780 to gauge whether bulls are ready to take back control.
Trade safe,
Joe.
GOLD – Pullback After Gaza Deal, Fed Speech to Steer Next MoveGOLD – Overview | Pullback After Gaza Deal, But Bullish Structure Intact
Gold eased slightly after the announcement of a Gaza ceasefire deal between Israel and Hamas, as geopolitical tensions cooled.
However, prices remain near record highs, supported by expectations of further Fed rate cuts, strong ETF inflows, and persistent concerns surrounding the U.S. economy and the government shutdown.
Investors now await today’s Fed speech, which could set the tone for near-term volatility in the metal.
Technical Outlook
The price stabilized below the pivot line at 4,041, signaling mild bearish pressure in the short term.
As long as gold trades below this zone, momentum may continue toward 4,026 → 4,010, and a confirmed 15M close below 4,010 could extend the move toward 3,987.
On the other hand, a 15M close above 4,041 would shift momentum back to the upside, opening the way toward 4,058 → 4,072 → 4,092, with the 4,100 area marking the next key bullish target.
Pivot Line: 4,041
Resistance: 4,058 · 4,072 · 4,092
Support: 4,026 · 4,010 · 3,987
Summary:
Gold remains fundamentally supported by global uncertainty and Fed rate-cut bets, even as short-term corrections play out.
Watch for volatility around the Fed speech—a dovish tone may reignite bullish momentum above 4,041, while a hawkish tone could trigger deeper correction below 4,010.
Gold Breakout Setup After Completing CorrectionGold ( OANDA:XAUUSD ) fell to $3,963 , as I expected in my previous idea .
Gold is currently moving near the lower line of the ascending and the Resistance zone($4,012 – $3,991) . If Gold touches $4,003 , we can expect a break of the Resistance zone($4,012 – $3,991) .
In terms of Elliott Wave theory , it seems that the Zigzag Correction(ABC/5-3-5) of Gold in the form of wave 4 has been completed, and we can expect a rise in Gold in the coming hours after the break of the Resistance zone($4,012 – $3,991) .
I expect Gold to break the Resistance zone($4,012 – $3,991) in the coming hours and rise to at least $4,047(First Target) .
Second Target: Potential Reversal Zone(PRZ)
Stop Loss(SL): $3,918(Worst)
Support zone: $3,954 – $3,923
-----------------------------
Today, we’ll be watching two reports :
Prelim UoM Consumer Sentiment and Prelim UoM Inflation Expectations.
If we see a significant deviation from expectations, it could trigger noticeable volatility in Gold .
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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.
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GOLD – New All-Time High, Bullish Above 3,976 Toward 4,020GOLD – Overview
Gold recorded a new all-time high (ATH) and continues to show strong bullish momentum.
The metal remains supported by expectations of further Fed rate cuts and safe-haven demand, but short-term corrections are possible if price fails to hold above key pivot levels.
Technical Outlook
As long as price trades above 3,976, the bullish trend remains intact, with potential to extend toward 4,008 → 4,020.
A 1H or 15M close below 3,976 would indicate the start of a bearish correction, targeting 3,957 → 3,944.
Pivot: 3,976
Resistance: 4,008 – 4,020
Support: 3,960 – 3,944 – 3,920
#XAUUSD: Will There Be Major Price Correction On Gold? Dear Traders,
Gold has been rallying with strong bullish momentum and has not experienced a major correction since the last few weeks. We have identified a key level from which the price can continue its bullish momentum if fundamentals do not change. Furthermore, we can target $4200 in a few weeks if the current momentum continues.
Best regards,
Team Setupsfx_
GOLD corrects as US announces ceasefire agreementSpot OANDA:XAUUSD fell sharply by nearly $30 in early Asian trading on October 9, to around $4,012 an ounce, after news of a historic ceasefire between Israel and Hamas was confirmed.
Markets reacted quickly to US President Donald Trump's announcement that the two sides had signed the first phase of a Washington-brokered peace plan. All hostages would be released and Israeli troops would withdraw from Gaza according to an agreed roadmap. Trump described it as "the first step towards a lasting and sustainable peace in the Middle East", and thanked Qatar, Egypt and Turkey for their role in mediating.
Bloomberg reported that the deal was signed in Sharm el-Sheikh (Egypt), after several rounds of tense negotiations. According to the agreement, Hamas will release about 20 living hostages and return the remains of more than 20 dead people, while Israel will free nearly 2,000 Palestinian prisoners. The comprehensive ceasefire took effect from 12:00 noon Cairo time, with guarantees from the US, Egypt, Qatar and Turkey.
In the short term, the sudden improvement in global risk appetite following this news is the main reason for the decline in gold prices. Investors shifted to higher-yielding assets, while the recent hot rally pushed technical indicators into overbought territory, triggering short-term profit-taking.
The previous day, gold prices had surpassed the $4,059 mark per ounce, a new record high, thanks to increased safe-haven flows due to geopolitical tensions and loose monetary policy. However, news from the Middle East has temporarily reversed the trend, showing the high sensitivity of gold to geopolitical developments in the current uncertain period.
Outlook: Investors will closely monitor the implementation of the ceasefire agreement and the reaction of the US bond market in the coming days. If risk sentiment continues to improve and yields increase slightly, gold may temporarily correct before establishing a new accumulation zone around the $4,000/ounce threshold.
Technical outlook analysis of OANDA:XAUUSD
• Trend: Gold remains in the ascending channel formed since August 2025, with a higher peak-to-trough structure.
• Short-term resistance: 4,044 /SD (Fib 0.382) and the $4,110–$4,180 zone (Fib 0.5–$0.618). This is an important resistance zone in the short term.
• Nearest support: $3,955 (Fib 0.236), followed by the $3,870–$3,900 zone, coinciding with the MA21 line.
• RSI: Remains above 70, indicating overbought conditions and the possibility of a technical correction before further increases.
SELL XAUUSD PRICE 4092 - 4090⚡️
↠↠ Stop Loss 4096
→Take Profit 1 4084
↨
→Take Profit 2 4078
BUY XAUUSD PRICE 3985 - 3987⚡️
↠↠ Stop Loss 3981
→Take Profit 1 3993
↨
→Take Profit 2 3999
GOLD – Bullish Above 3,870 as Shutdown Fuels Safe-Haven DemandGOLD – Seventh Weekly Gain as Shutdown Fuels Uncertainty
Gold is set for its seventh consecutive weekly gain, supported by expectations of further Fed rate cuts and safe-haven demand from the ongoing U.S. government shutdown.
Although profit-taking earlier in the week briefly pulled prices lower, markets continue to price in two more rate cuts this year, keeping bullish momentum intact.
Technical Outlook
After testing support at 3,819, gold rebounded and is now trading near 3,869.
As long as price stays below 3,869, short-term corrections are possible toward 3,859 → 3,844 before resuming higher.
A confirmed stability above 3,870 would support continuation toward 3,893, with further upside at 3,914 → 3,936.
Pivot: 3,869
Support: 3,859 – 3,844 – 3,819
Resistance: 3,893 – 3,914 – 3,936
Accumulated above 4000, gold price maintained increase⭐️GOLDEN INFORMATION:
Gold (XAU/USD) slips during the Asian session on Thursday, ending its four-day rally after hitting a record high near $4,060. The Israel-Hamas peace deal eased geopolitical tensions, triggering some profit-taking amid overbought conditions. Still, dovish Fed expectations may continue to support the precious metal, limiting downside risks.
⭐️Personal comments NOVA:
Gold price adjusted to take liquidity in the 4000 price zone, accumulated and continued the uptrend.
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: 4067 - 4069 SL 4074
TP1: $4050
TP2: $4040
TP3: $4030
🔥BUY GOLD zone: $3987-$3985 SL $3980
TP1: $4000
TP2: $4010
TP3: $4020
⭐️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
XAUUSD made new ATH. What's next?Gold (XAUUSD) gave us an excellent buy signal last week (September 29, see chart below), easily hitting our 3860 upside Target:
This time, the price is extending the Bullish Leg of the 3-week Channel Up, which according to the 1H RSI, should peak soon. The last two did so on the 2.0 Fibonacci extension.
That should take us to 3970, which would be right at the top of the Channel Up (Higher Highs). A 1H RSI Lower Highs rejection would be the sell signal, targeting the 1H MA100 (green trend-line), like both previous Bearish Legs did, at 3900.
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GOLD (XAUUSD) Short Setup Active Price completed a 5-wave structure and tapped into strong resistance. The rejection confirms short potential with invalidation above 3900.
Targets:
3799 (first support)
3721 (next zone)
3664 (extended move)
As long as price stays below 3900, bearish momentum remains in play.
𝐌𝐓𝐗 | Pitstop Zone to Continue the 1,300 Pip Potential Rally1️⃣ Key Levels
• 729 – 737 → Major golden support zone.
• 759 – 760 → Key resistance / breakout trigger.
• 691 – 683 → Strongest potential buy zone of the week.
⸻
2️⃣ Expected Scenarios
• Bearish:
• 4H close below 759 → retest of the 729–737 support zone.
• 4H close below 729 → extension toward 709 → 700 → 691.
• Zone 691–683 is the most important potential reversal area this week, with multiple confluences, possibly triggering a strong rally toward the 3800 high again.
• Bullish:
• 4H close above 760 → continuation toward 780 → 791.
• 4H close above 792 → further bullish momentum targeting 808 → 817 → 830.
⸻
⚖️ Summary
The market is positioned between critical zones:
• Holding above 759–760 confirms strength toward 830.
• Breaking below 729 increases the probability of testing the 691–683 demand zone, which could be the week’s strongest reversal setup.
Gold Tops $3,800 to New Record as Traders Wonder: Short or Long?Gold OANDA:XAUUSD is back in the spotlight, flashing new record highs in bold efforts to reclaim its throne as the ultimate “don’t panic” asset.
The yellow metal hit a record high of $3,820 per ounce early Monday morning before cooling slightly to hover near $3,810. That’s up more than 47% year-to-date, absolutely crushing Bitcoin’s BITSTAMP:BTCUSD modest 17% gain and the S&P 500’s SP:SPX respectable-but-boring 13%.
So the question isn’t whether gold is hot — it’s what traders should do about it. Go long, go short, or sit tight with popcorn and watch the shiny show? Let’s break it down. 🤸🏻♀️
📈 A Rally Forged in a Rush
Gold’s monster run this year didn’t happen in a vacuum. Inflation has stayed sticky, but not alarmingly so — Core PCE clocked in at 2.9% in August, unchanged from July.
More importantly, markets are convinced that Jerome Powell and his not-so-merry band of central bankers will restart the rate-cutting cycle. Following the September cut , another trim could come as early as October.
Lower rates mean the opportunity cost of holding gold gets a lot smaller. (Gold famously pays no yield, no dividends, no interest, no nothing!). If Treasuries aren’t giving you much, parking money in shiny metal suddenly feels smarter. That’s been a huge tailwind for bullion.
On top of that, Trump last week announced tariffs on imported drugs, trucks, and furniture. Every time the tariff machine fires up, traders reach for their safe-haven toolkit. Spoiler: gold is always in there.
✨ Why Gold Still Glitters
Gold isn’t just a shiny rock — it’s a psychological anchor. Investors treat it like insurance against bad times. With rate cuts looming, central banks are buying aggressively. That way demand has a natural floor.
Global central banks, led by heavyweights like the US, China, Russia, and Turkey, have been stacking gold for months. That creates a structural bid under prices, no matter what institutional investors are doing day-to-day.
And don’t forget the everyday crowd: ETFs and bullion dealers have seen renewed inflows as traders hedge against “what if Powell loses control?” scenarios.
In short: gold thrives when confidence in the dollar, the economy, or politics falters. Check, check, and check. The dollar’s lower by about 10% on the year, the economy may or may not be adding jobs after wild job-count revisions . And politics? That’s where the US slaps tariffs on everyone.
📉 The Bearish Angle: Why Short Might Work
Now for the spicy take — maybe gold’s run is overdone. At nearly $3,800, the metal’s flirting with parabolic territory. There’s no recent support for a potential rebound so the way south could be steep. As steep as the first available support zone near $3,500.
Shorting gold here is essentially a bet that:
• The Fed’s cuts are already priced in.
• Inflation could flare up again, forcing rates higher, which could pressure gold.
• Risk assets rebound, reducing the appeal of hiding out in safe havens.
And let’s not forget: gold’s moves aren’t always rational. When everyone’s piled into the same safe haven, the smallest spark can trigger a stampede for the exits. A dip back to $3,500 — the April record — wouldn’t surprise seasoned traders. Speaking of steep selloffs, that’s exactly what happened after that April high.
🚀 The Bullish Angle: Why Long Still Makes Sense
On the other hand, momentum is a beast, and right now, gold has it. Every dip this year has been met with eager buying. As long as central banks keep accumulating and the Fed sticks to the rate-cutting script, the long case should stay intact.
The macro backdrop is still uncertain and murky: tariffs, wobbly jobs data, political drama, and a dollar that looks tired. That’s not a bad mix for more upside. A decisive breakout above $3,791 could put $4,000 on the radar, giving long traders another juicy leg higher.
🔀 Noise, Narratives, and the Middle Ground
Here’s the tricky part: both the bull and bear cases have merit. Gold’s fundamentals support strength, but technicals hint at exhaustion (RSI and MACD suggest overbought conditions).
That’s why positioning is everything. Reliable stops and clear risk-reward targets are your friends here — whether you’re riding the momentum wave or calling its top.
Seasoned traders know this dance: gold rallies hard, then chops sideways for weeks, lulling everyone into boredom before it explodes again. The key is not to let noise — tariffs, tweets, or Fed chatter — shake you out of your plan. But also, keep an eye on the Economic calendar and be ready for the next wave of reports and data.
🎯 Bottom Line
Gold’s 47% rally this year makes it the star of the market, but it also makes it vulnerable. A case exists for shorts (froth, more than anything) and for longs (structural demand, central bank buying, Fed easing).
The real takeaway? Don’t pick a side out of emotion. If gold breaks convincingly above $3,791, momentum traders will be justified in staying long. If it fails at resistance and rolls over, bears may get their payday.
Off to you : What’s your position in gold? Are you looking for more appreciation or you’re a short seller? Share your thoughts in the comment section!
Gold Trade Plan 06/10/2025 ( Long Term position ) 5000 Pips !!!!Dear Traders,
📈 XAUUSD (Gold) — Major Reversal Setup Ahead 🚨
Gold has been in a strong bullish rally for several weeks, reaching record highs near the $3950–$4030 range. This area is marked on the chart as the Reversal Zone, where price has historically shown exhaustion signals after extended impulsive moves.
🔴 Technical Outlook:
The $4030 zone is acting as a potential exhaustion point at the top of the current bullish cycle.
Based on price structure and market behavior, a deep correction of up to 5000 pips could follow after this overextended rally.
The projected move is likely to take gold down toward the $3450–$3550 region — a strong historical demand zone where long-term buyers may re-enter the market.
⚙️ Market Behavior:
This rally shows clear signs of momentum divergence and overbought conditions on higher timeframes. Such setups often precede a multi-leg corrective structure, which could unfold as an ABC or complex wave pattern before the next bullish phase begins.
🧭 Trading Plan:
Look for bearish confirmation patterns in the reversal zone ($3980–$4030).
A confirmed break below $3900 will likely trigger the start of the larger correction.
Short-term traders can target $3750 → $3600 → $3500.
Long-term investors should prepare for potential accumulation around $3450–$3550.
⚠️ Note:
Even though fundamentals remain supportive for gold in the long run, this move looks technically overextended. Expect volatility and possible fake breakouts before the real reversal begins.
💬 Summary:
Gold is approaching a critical turning point. The $4000+ zone could mark the end of wave 3 of the long-term structure, followed by a deep corrective wave 4 decline before the next major bullish leg resumes.
Regards,
Alireza!
Gold: seventh straight weekly gainGold ended its seventh straight winning week, by reaching another all time highest level at $3.894. Last week it was strongly supported by the US government “shutdown”, after the Congress failed to pass a funding bill. In addition, relatively weaker jobs data are supporting investors sentiment over a potential another 25 basis points cut by the Federal Reserve. Investors are increasingly turning to gold as a safe-haven asset amid economic uncertainty and delayed jobs data. The weakening dollar and falling Treasury yields have further supported gold prices.
Since the beginning of September the price of gold is moving within highly overbought territory. The RSI indicator touched the level of 80, but for the whole month is not moving below the level of 70. In normal circumstances, this would be a clear indication over a forthcoming reversal, however, as long as uncertainties are high on the markets, so long the price of gold could hold its overbought grounds. The MA50 is strongly diverging from MA200, which is another indication that the potential change of the trend is not in the store for gold.
For some time now gold has been moving within the unchartered territory, which represents a challenge when it comes to technical analysis of its current and future price levels. The reversal will eventually come in the near future, but it could not be exactly estimated at which point in time, considering the evolving fundamental uncertainties. Depending on fundamentals, the price could also move further to the higher grounds. Several esteemed market players already corrected their year-end expectations for the price of gold, where the latest came from the Swiss UBS bank, with a forecasted figure of $3,8K. As noted by UBS: "We maintain an Attractive view on gold and stay long the metal in our global asset allocation”.
GOLD WEEKLY CHART MID/LONG TERM ROUTE MAP UPDATEWeekly Chart Update – Follow Up
3732 Hit & Closed Above, 3806 Gap Opens – Now Completed
Previously we highlighted 3732 as the breakout target after confirming strength above 3659. That level was successfully achieved, and now we’ve gone a step further: 3806 has officially been HIT, completing this weekly chart idea.
This also means all of our multi-timeframe chart ideas have now completed, a full sequence cycle from setup to fulfilment.
Interim Outlook
We’ll share some interim analysis tomorrow to guide through the remainder of this week. On Sunday, a brand-new multi-timeframe analysis will be prepared and shared, laying the foundation for the weeks and months ahead.
In the meantime, if we see any corrections back into the existing chart idea range, the outlined levels remain valid for structure and range management.
Current Outlook
🔹 3806 Range Gap Completed
The final upside expansion objective has now been fulfilled, completing the cycle.
🔹 Correctional Supports – 3659 & 3576
Any detachment below raises correctional risk. 3659 and 3576 (Goldturn) remain critical support zones, with the channel top confluence offering a potential bounce zone.
Updated Levels to Watch
📉 Supports – 3659 & 3576 (correctional zones), deeper floor at 3482
📈 Resistance – 3806 (completed), awaiting new upside mapping in upcoming analysis
Plan
The bullish structure has completed its full range cycle into 3806. From here, corrections into support zones would be healthy resets, while we prepare to track fresh setups in the next multi-timeframe framework.
Flexibility with structure and levels remains key as we transition into the next phase.
Mr Gold
GoldViewFX
My strategy is to sell first and then buy!
Gold is trading between 3740 and 3770 in the US market. After a period of consolidation, the short-term moving average has shown signs of turning upward, indicating that market momentum is building. On the hourly chart, the technical pattern is gradually repairing, with the K-line successfully crossing the short-term moving average, indicating a shift towards strength. The high-level fluctuation pattern on the daily chart also favors a bullish trend, and the overall technical outlook supports a bullish trend in the US market. We recommend primarily long positions at low levels, focusing on the effectiveness of the 3740 support level. If the US price stabilizes and breaks through the 3770 resistance level, further upside potential is expected. It is important to note that for bullish momentum to continue, a large retracement should be avoided during the current period to prevent an excessive correction from disrupting the short-term technical structure. During the US market, a light position can be used to test long positions based on support levels, maintaining strict risk management.
Gold Recommendation: Sell gold at 3783-3788, target 3755-3750-3745-3740...
Add to positions if gold retraces to 3735-3740, and continue to add to positions if it retraces to 3718-3723. The target remains at 3765-3780.