📊 Technical Structure
XAUUSD Gold (XAU/USD) continues its bullish momentum, trading near $4,165 in the Asian session. The chart highlights a support zone at $4,157–$4,163 and a resistance zone at $4,216–$4,221. As long as price holds above support, bulls could attempt another push toward resistance. A breakout above $4,221 would signal continuation of the rally, while a break below $4,154 could trigger a pullback.
🎯 Trade Setup
Entry: $4,157–$4,163 (buy near support)
Stop Loss: $4,154
Take Profit 1: $4,184
Take Profit 2: $4,216
Take Profit 3: $4,221
Risk/Reward (R:R): ~1 : 6.82
🗝️ Key Technical Levels
Support Zone: $4,157–$4,163
Resistance Zone: $4,216–$4,221
Trend Bias: Bullish above $4,157
🌍 Macro Background
Gold (XAU/USD) extends its rally above $4,150, supported by renewed US–China trade tensions and growing expectations of Fed rate cuts. US Trade Representative Jamieson Greer warned that President Trump could impose 100% tariffs on China as early as November 1, escalating the trade war. Meanwhile, both countries announced additional port fees on ocean shipping, turning maritime logistics into another battleground.
On the monetary front, Fed Chair Powell reaffirmed that the Fed is on track to deliver another 25 bps rate cut in October, with markets pricing in an additional December cut. Lower rates continue to reduce the opportunity cost of holding gold. Traders will closely watch today’s Fed speakers, including Stephen Miran, Christopher Waller, and Jeff Schmid, for further guidance. Any hawkish surprise could lift the USD and weigh on gold temporarily, but the broader backdrop remains supportive for safe-haven demand.
📌 Trade Summary
Gold remains bullish above $4,157 support zone. Pullbacks into this zone may offer attractive buying opportunities, with upside targets at $4,184–$4,221. A break below $4,150 would invalidate the bullish setup and risk a correction.
⚠️ 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 (XAU/USD) continues its bullish momentum, trading near $4,165 in the Asian session. The chart highlights a support zone at $4,157–$4,163 and a resistance zone at $4,216–$4,221. As long as price holds above support, bulls could attempt another push toward resistance. A breakout above $4,221 would signal continuation of the rally, while a break below $4,154 could trigger a pullback.🎯 Trade Setup
Entry: $4,157–$4,163 (buy near support)
Stop Loss: $4,154
Take Profit 1: $4,184
Take Profit 2: $4,216
Take Profit 3: $4,221
Risk/Reward (R:R): ~1 : 6.82
🗝️ Key Technical Levels
Support Zone: $4,157–$4,163
Resistance Zone: $4,216–$4,221
Trend Bias: Bullish above $4,157
🌍 Macro Background
Gold (XAU/USD) extends its rally above $4,150, supported by renewed US–China trade tensions and growing expectations of Fed rate cuts. US Trade Representative Jamieson Greer warned that President Trump could impose 100% tariffs on China as early as November 1, escalating the trade war. Meanwhile, both countries announced additional port fees on ocean shipping, turning maritime logistics into another battleground.
On the monetary front, Fed Chair Powell reaffirmed that the Fed is on track to deliver another 25 bps rate cut in October, with markets pricing in an additional December cut. Lower rates continue to reduce the opportunity cost of holding gold. Traders will closely watch today’s Fed speakers, including Stephen Miran, Christopher Waller, and Jeff Schmid, for further guidance. Any hawkish surprise could lift the USD and weigh on gold temporarily, but the broader backdrop remains supportive for safe-haven demand.
📌 Trade Summary
Gold remains bullish above $4,157 support zone. Pullbacks into this zone may offer attractive buying opportunities, with upside targets at $4,184–$4,221. A break below $4,150 would invalidate the bullish setup and risk a correction.
⚠️ 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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Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.
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
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.