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Just like stepping onto the Garba floor, entering the market is all about perfect timing. ππ
Happy Navratri to all!
Happy Navratri to all!
XAUUSD trades near $4,200, below resistance at $4,230 and $4,430. Support stands at $4,030. Explore the setups below as interest-rate expectations shape gold's recovery.
β’ Events. Gold recovered from around $4,164 in early Asian trading on Tuesday. The dollar weakened, while U.S. Treasury yields eased as the cash bond market reopened after Monday's holiday. Lower yields reduce the income advantage of bonds over gold, which pays no interest.
β’ Background. On Monday, Cleveland Federal Reserve (Fed) President Beth Hammack called for tighter policy to contain inflation. That keeps further rate increases in focus despite today's market rebound. Middle East energy disruptions also threaten to raise costs, making inflation harder to control.
β’ Potential triggers. Fed Governor Christopher Waller joins a discussion on artificial intelligence today at 7:45 a.m. UTC. Any comments on rates could affect the dollar, although monetary policy is not the scheduled topic. September's U.S. Consumer Price Index follows on Wednesday at 12:30 p.m. UTC. Forecast: 3.6% / Previous: 3.4% (year on year). A softer reading could reduce expectations of further tightening and support gold. Higher inflation could strengthen the dollar and restrain the recovery.
If reduced rate expectations help gold break above $4,230, XAUUSD may advance towards $4,430. The bullish view fails if the price falls back below $4,230. If renewed inflation concerns lift the dollar while gold stays below $4,230, XAUUSD may retreat towards $4,030. The bearish view fails if the price rises above $4,230.
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XAUUSD trades near $4,174 per ounce, below the $4,230 resistance and above the $4,030 support. A sustained recovery would put the higher $4,430 resistance in focus. Explore the two scenarios below before today's inflation release.
β’ Events. Gold has recovered from around $4,158 earlier in Friday's Asian session. Federal Reserve (Fed) Chair Kevin Warsh has already spoken in Bangkok, declining to signal October's rate decision. The dollar weakened after his remarks, making gold cheaper for buyers using other currencies.
β’ Background. This week's selloff in technology shares encouraged investors to buy government bonds, lowering their yields. That reduced the appeal of interest-bearing assets relative to gold. However, Thursday's U.S. Producer Price Index (PPI) showed a 1.3% monthly rise in September. Forecast: 0.6% / Previous: 0.5%, revised. Persistent inflation could keep pressure on the Fed to raise rates again.
β’ Potential triggers. September's U.S. import-price report arrives at 12:30 p.m. UTC. Forecast: 0.9% / Previous: 0.7%, both month-on-month. A stronger reading could lift rate expectations and Treasury yields, putting pressure on gold. A softer result could ease those pressures and support its recovery.
If gold breaks above $4,230 and holds there as yields fall, the bullish scenario targets $4,430. A return below $4,230 invalidates that setup. Alternatively, rejection at $4,230 alongside a stronger dollar could send gold towards $4,030. That bearish scenario fails if the price moves above $4,230 and holds there.
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XAUUSD, 30-minute timeframe chart
πGeneral outlook
XAUUSD has been trading in a bullish trend within the last day.
πPossible scenario
The best way to use this opportunity is to place a Sell order at 4,177.00.
Set your stop loss at 4,211.00 above the previous high ($34.00 loss for 0.01 lot) and take profit at 4,143.00 ($34.00 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
The upcoming news will not influence your orders within the mentioned period.
Some traders may close their positions on Friday, which can add more pressure to the market.
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This Dussehra, conquer the demons that can get in the way of better trading. πΉπ₯β
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FOMO, overtrading, emotional decisions, excessive leverage and more; recognizing these habits is the first step towards managing your risk and staying disciplined.β
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Which trading habit are you leaving behind this Dussehra?β
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FOMO, overtrading, emotional decisions, excessive leverage and more; recognizing these habits is the first step towards managing your risk and staying disciplined.β
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Which trading habit are you leaving behind this Dussehra?β
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#XM #Trading #Dussehra2026