Spot 
XAUUSD continued to climb in Asia on October 7, approaching the all-time high of $4,000 an ounce, amid global markets rocked by political turmoil in the US and Europe.
Gold had earlier gained 1.9% in the first session of the week, reaching $3,976.25 an ounce, despite a stronger US dollar and high US bond yields.
In Washington, the budget impasse continues to drag the US government into a second week of shutdown. Both spending bills proposed by Democrats and Republicans failed to pass the Senate.
The shutdown is costing the US economy about $15 billion a week, or 0.1 percentage point of GDP, according to National Economic Council Director Kevin Hassett. If it lasts a month, the consequences could be 43,000 jobs lost and as much as $30 billion in lost spending.
The lack of economic data due to the shutdown has also made it difficult for the Federal Reserve to assess the situation and make decisions on interest rates. However, the market is still pricing in the possibility of the Fed cutting interest rates by 0.25% this month, a factor that is seen as a strong support for gold, which is a non-interest-bearing asset.
In Europe, things were less calm. French Prime Minister Sébastien Lecornu abruptly resigned just hours before a new cabinet was to be announced, deepening the political deadlock and threatening efforts to rein in the budget deficit in the country with the highest debt in the eurozone.
Meanwhile, in Japan, the prospect of Sanae Takaichi becoming the new Prime Minister has also made investors cautious, as monetary policy and public spending may continue to be loosened.
Gold prices have increased by nearly 50% this year, supported by the Fed's interest rate cuts, a wave of gold purchases from central banks, and escalating global geopolitical tensions, once again affirming the precious metal's position as the "last refuge" of the international financial market.
Technical outlook analysis ofXAUUSD
Main Trend
• Gold prices are in a strong and sustainable uptrend, as shown by:
o The price line is firmly above the medium-term MA line, with a clear positive slope.
o The uptrend channel (parallel trendline) has not been broken yet, and prices continue to remain within the upper zone of the channel.
o RSI remains above 60, indicating that buying power is still dominant.
Important zones
• Strong resistance: 4,000 USD/oz, this is a major psychological level, also coincides with the Fibonacci 0.236 zone.
• Near support: around 3,895 – 3,870 USD/oz, which is the confluence of the lower edge of the rising channel and the old peak zone.
Note
If the price breaks decisively above $4,000 with high volume, the target can be extended to the $4,280 – $4,405 zone.
SELL XAUUSD PRICE 4000 - 3998⚡️
↠↠ Stop Loss 4004
→Take Profit 1 3992
↨
→Take Profit 2 3986
BUY XAUUSD PRICE 3919 - 3921⚡️
↠↠ Stop Loss 3915
→Take Profit 1 3927
↨
→Take Profit 2 3933
XAUUSD continued to climb in Asia on October 7, approaching the all-time high of $4,000 an ounce, amid global markets rocked by political turmoil in the US and Europe.Gold had earlier gained 1.9% in the first session of the week, reaching $3,976.25 an ounce, despite a stronger US dollar and high US bond yields.
In Washington, the budget impasse continues to drag the US government into a second week of shutdown. Both spending bills proposed by Democrats and Republicans failed to pass the Senate.
The shutdown is costing the US economy about $15 billion a week, or 0.1 percentage point of GDP, according to National Economic Council Director Kevin Hassett. If it lasts a month, the consequences could be 43,000 jobs lost and as much as $30 billion in lost spending.
The lack of economic data due to the shutdown has also made it difficult for the Federal Reserve to assess the situation and make decisions on interest rates. However, the market is still pricing in the possibility of the Fed cutting interest rates by 0.25% this month, a factor that is seen as a strong support for gold, which is a non-interest-bearing asset.
In Europe, things were less calm. French Prime Minister Sébastien Lecornu abruptly resigned just hours before a new cabinet was to be announced, deepening the political deadlock and threatening efforts to rein in the budget deficit in the country with the highest debt in the eurozone.
Meanwhile, in Japan, the prospect of Sanae Takaichi becoming the new Prime Minister has also made investors cautious, as monetary policy and public spending may continue to be loosened.
Gold prices have increased by nearly 50% this year, supported by the Fed's interest rate cuts, a wave of gold purchases from central banks, and escalating global geopolitical tensions, once again affirming the precious metal's position as the "last refuge" of the international financial market.
Technical outlook analysis of
XAUUSD Main Trend
• Gold prices are in a strong and sustainable uptrend, as shown by:
o The price line is firmly above the medium-term MA line, with a clear positive slope.
o The uptrend channel (parallel trendline) has not been broken yet, and prices continue to remain within the upper zone of the channel.
o RSI remains above 60, indicating that buying power is still dominant.
Important zones
• Strong resistance: 4,000 USD/oz, this is a major psychological level, also coincides with the Fibonacci 0.236 zone.
• Near support: around 3,895 – 3,870 USD/oz, which is the confluence of the lower edge of the rising channel and the old peak zone.
Note
If the price breaks decisively above $4,000 with high volume, the target can be extended to the $4,280 – $4,405 zone.
SELL XAUUSD PRICE 4000 - 3998⚡️
↠↠ Stop Loss 4004
→Take Profit 1 3992
↨
→Take Profit 2 3986
BUY XAUUSD PRICE 3919 - 3921⚡️
↠↠ Stop Loss 3915
→Take Profit 1 3927
↨
→Take Profit 2 3933
บันทึก
As the US government shutdown entered its seventh day with no sign of resolution, gold prices, after approaching the threshold of 4,000 USD per ounce, fell slightly in the morning trading session.ปิดการเทรด: ถึงเป้าหมายการทำกำไร
Plan SELL Hit Full TP2 + 130pips🤕🤕🤕. Congratulations everyoneบันทึก
บันทึก
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.บันทึก
🔴Spot gold price rose to 4140 USD/ounce, up 0.70% on the day.
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🧩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
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