XAUUSD continued to rise in Asian trading on Wednesday morning, hovering around $4,006/ounce, approaching a record high. The gains were fueled by the risk of a US government shutdown, global political uncertainty, and expectations that the Federal Reserve (Fed) will ease monetary policy soon.The US government shutdown has entered its second week, delaying many key economic data, including the non-farm payrolls (NFP) report. This lack of information increases the level of uncertainty about monetary policy and forces investors to predict the direction of the Fed based on market signals rather than data.
According to CME FedWatch, traders are now pricing in an 84% chance that the Fed will cut rates by 25 basis points at its October meeting, bringing the federal funds rate to a range of 3.75%–4.00%. The market is also pricing in a high probability of another cut in December.
The turmoil in the US government coupled with weak economic signals is reinforcing gold’s safe-haven status, especially in the context of a weak US dollar and volatile stock markets.
Alongside monetary policy, geopolitical risks are also playing a key role in sustaining demand for the precious metal.
In France, Prime Minister Sébastien Lecornu unexpectedly resigned just hours after taking office, raising concerns about the budget crisis and financial stability in the eurozone.
Meanwhile, in Japan, Sanae Takaichi’s victory in the ruling party leadership election has raised expectations that the Bank of Japan (BoJ) will maintain its easing policy for longer, thereby supporting gold prices.
In the currency market, the US dollar index (DXY) recovered slightly to around 98.7 points, but the upward trend was limited by expectations that the Fed will cut interest rates. At the same time, the yield on the 10-year US Treasury bond fell to 4.12%, reducing the opportunity cost of holding gold, a non-yielding asset.
If the non-farm payroll data after the government reopening shows a slowdown in job growth, investors believe this will further strengthen expectations of a new easing cycle by the Fed, thereby creating more momentum for gold to move towards the $4,100/ounce mark in the short term.
Technical outlook analysis of
XAUUSD Trend analysis:
• Gold prices have been in a strong uptrend since mid-August, with a series of dense green candles and stable buying pressure.
• Currently, the price has surpassed the psychological level of 4,000 USD/ounce, closing the day above this level, showing that buyers are still in control of the market.
• The EMA50 (blue) continues to slope up, reflecting that the medium-term trend is still very positive.
• RSI remains above 70, signaling a mild overbought condition, but there is no clear bearish divergence signal, meaning that the uptrend still has room to run.
Important technical zones:
• Nearest resistance: $4,044 (0.382 Fibonacci level).
• Extended resistance: $4,113 and $4,182 (0.5 and 0.618 Fib) – potential targets for the next bullish wave.
• Short-term support: $3,959 (0.236 Fib) – important support zone for intraday recovery.
• Stronger support: $3,896 – $3,871, which coincide with the previous top and the lower edge of the rising channel.
Note:
• RSI is approaching the overbought zone, so a short-term technical correction may occur before continuing to increase.
• If the price closes below $3,950, be cautious of the possibility of a short-term recovery wave.
The main trend of gold is still strong, reinforced by technical factors and the macro context. In the short term, the $3,960 area is a potential buying point, with targets towards $4,110 - $4,180.
SELL XAUUSD PRICE 4038 - 4036⚡️
↠↠ Stop Loss 4042
→Take Profit 1 4030
↨
→Take Profit 2 4024
BUY XAUUSD PRICE 3974 - 3976⚡️
↠↠ Stop Loss 3970
→Take Profit 1 3982
↨
→Take Profit 2 3988
交易开始
Plan SELL HIT TP1 +80pips. Heading to TP2 😵😵😵交易结束：到达目标
Plan SELL Hit Full TP2 + 130pips🤕🤕🤕. Congratulations everyone注释
注释
World gold prices continued to increase sharply on the morning of October 13, reaching a record high of 4,060 USD/oz, driven by a series of global risk factors.注释
🔴Spot gold price rose to 4140 USD/ounce, up 0.70% on the day.注释
Gold prices hit a record high of $4,179.47 per ounce on Wednesday. Although prices briefly fell below the $4,100 mark during the session, strong dip-buying activity quickly helped gold regain momentum, closing up 0.77% at $4,142.01 per ounce.
🔰| Forex trading
🧩Get an average of 1200 pips per month
🧩Consulting on Risk Management
🧩Account management
🧩Forex signals have a high win rate
🚨🚨🚨FREE SIGNALS: t.me/+kR8dk9GBHEJjY2Nl
🧩Get an average of 1200 pips per month
🧩Consulting on Risk Management
🧩Account management
🧩Forex signals have a high win rate
🚨🚨🚨FREE SIGNALS: t.me/+kR8dk9GBHEJjY2Nl
相关出版物
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
🔰| Forex trading
🧩Get an average of 1200 pips per month
🧩Consulting on Risk Management
🧩Account management
🧩Forex signals have a high win rate
🚨🚨🚨FREE SIGNALS: t.me/+kR8dk9GBHEJjY2Nl
🧩Get an average of 1200 pips per month
🧩Consulting on Risk Management
🧩Account management
🧩Forex signals have a high win rate
🚨🚨🚨FREE SIGNALS: t.me/+kR8dk9GBHEJjY2Nl
相关出版物
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。