📊 Technical Structure
Gold (XAU/USD) may rebound from the support zone $3,627–3,630, and buyers are gradually regaining control. Price action now challenges the resistance zone $3,642–3,647, with a breakout paving the way toward $3,650+.
🎯 Trade Setup (15M Chart)
Entry (Long): $3,630–$3,627
Stop Loss: $3,625
Take Profit: $3,642 / $3,645
🌐 Macro Background
Gold stays supported by Fed rate cut bets, a weaker USD, and geopolitical tensions. US August PPI came in softer, reinforcing rate cut expectations ahead of Thursday’s CPI release (forecast 2.9% headline / 3.1% core). Meanwhile, safe-haven demand is lifted by Poland shooting down Russian drones and Israel’s Doha strikes. While event risk remains, the broader backdrop continues to favour gold upside momentum.
🔑 Key Technical Levels
Resistance: $3,642 / $3,645 / $3,650
Support: $3,630 / $3,627
📌 Trade Summary
Gold maintains bullish traction above $3,630, with scope for a move toward $3,642–$3,645, though traders should stay cautious ahead of US CPI.
⚠️ Disclaimer
This analysis is for reference only and does not constitute trading advice. Trading involves significant risk, and proper risk management is essential.
Gold (XAU/USD) may rebound from the support zone $3,627–3,630, and buyers are gradually regaining control. Price action now challenges the resistance zone $3,642–3,647, with a breakout paving the way toward $3,650+.
🎯 Trade Setup (15M Chart)
Entry (Long): $3,630–$3,627
Stop Loss: $3,625
Take Profit: $3,642 / $3,645
🌐 Macro Background
Gold stays supported by Fed rate cut bets, a weaker USD, and geopolitical tensions. US August PPI came in softer, reinforcing rate cut expectations ahead of Thursday’s CPI release (forecast 2.9% headline / 3.1% core). Meanwhile, safe-haven demand is lifted by Poland shooting down Russian drones and Israel’s Doha strikes. While event risk remains, the broader backdrop continues to favour gold upside momentum.
🔑 Key Technical Levels
Resistance: $3,642 / $3,645 / $3,650
Support: $3,630 / $3,627
📌 Trade Summary
Gold maintains bullish traction above $3,630, with scope for a move toward $3,642–$3,645, though traders should stay cautious ahead of US CPI.
⚠️ 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
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
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
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.