📊 Technical Structure
XAUUSD GOLD Gold (XAU/USD) remains firmly supported above the $4,000 psychological level, holding gains despite overbought conditions. The chart shows price respecting the ascending trendline support and consolidating near the mid-channel zone. Immediate resistance lies at $4,121 – $4,135, while the support base is aligned around $3,988 – $4,001. As long as the price maintains above the trendline, the bullish structure remains intact.
🎯 Trade Setup
Entry: $4,002 – $3,988 (buy on dips near support)
Stop Loss: $3,977
Take Profit 1: $4,121
Take Profit 2: $4,133
Risk-Reward (R:R): ~1 : 5.35
🌍 Macro Background
The US government shutdown continues into its ninth day, weighing on confidence in the US economy and weakening the Dollar. At the same time, the Federal Reserve’s dovish stance—with September’s rate cut already delivered and further cuts projected in October and December—reduces the opportunity cost of holding non-yielding Gold. This has fuelled demand for the safe-haven asset.
Meanwhile, Middle East risks have eased slightly after Israel and Hamas signed the first phase of the Trump peace plan, but broader uncertainty in global politics (US, EU fiscal tensions, Japan’s leadership changes) keeps safe-haven flows active. Thus, any dips are likely to attract strong buyers.
🔑 Key Technical Levels
Resistance: $4,121 / $4,133
Support: $4,002 / $3,988
📌 Trade Summary
Gold continues to ride strong bullish momentum, supported by dovish Fed expectations and political uncertainties. Buying near support levels remains favoured, with targets set at $4,121 and $4,135. Pullbacks should be seen as opportunities to rejoin the uptrend.
⚠️ Disclaimer
This analysis is for reference only and does not constitute trading advice. Trading involves significant risk, and proper risk management is essential.
XAUUSD GOLD Gold (XAU/USD) remains firmly supported above the $4,000 psychological level, holding gains despite overbought conditions. The chart shows price respecting the ascending trendline support and consolidating near the mid-channel zone. Immediate resistance lies at $4,121 – $4,135, while the support base is aligned around $3,988 – $4,001. As long as the price maintains above the trendline, the bullish structure remains intact.🎯 Trade Setup
Entry: $4,002 – $3,988 (buy on dips near support)
Stop Loss: $3,977
Take Profit 1: $4,121
Take Profit 2: $4,133
Risk-Reward (R:R): ~1 : 5.35
🌍 Macro Background
The US government shutdown continues into its ninth day, weighing on confidence in the US economy and weakening the Dollar. At the same time, the Federal Reserve’s dovish stance—with September’s rate cut already delivered and further cuts projected in October and December—reduces the opportunity cost of holding non-yielding Gold. This has fuelled demand for the safe-haven asset.
Meanwhile, Middle East risks have eased slightly after Israel and Hamas signed the first phase of the Trump peace plan, but broader uncertainty in global politics (US, EU fiscal tensions, Japan’s leadership changes) keeps safe-haven flows active. Thus, any dips are likely to attract strong buyers.
🔑 Key Technical Levels
Resistance: $4,121 / $4,133
Support: $4,002 / $3,988
📌 Trade Summary
Gold continues to ride strong bullish momentum, supported by dovish Fed expectations and political uncertainties. Buying near support levels remains favoured, with targets set at $4,121 and $4,135. Pullbacks should be seen as opportunities to rejoin the uptrend.
⚠️ Disclaimer
This analysis is for reference only and does not constitute trading advice. Trading involves significant risk, and proper risk management is essential.
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👉🏼Start your trading journey with ATFX: bit.ly/3mLMPHz
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
ATFX is a globally regulated, award-winning fintech broker offering customer support in 20 languages.
👉🏼Start your trading journey with ATFX: bit.ly/3mLMPHz
👉🏼Start your trading journey with ATFX: bit.ly/3mLMPHz
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.