XAUUSD – Price Channel Rising Towards 4000 USD Next Week
Hello Traders,
Every day I share scenarios for you to refer to and build your own strategy. And here is the perspective for next week – as gold is in a sustainable uptrend, approaching the psychological mark of 4000 USD.
Technical Perspective
On the H4 frame, gold continues to move within a clear upward price channel.
Every time the price touches the support trendline, a strong rebound reaction appears, indicating that buying pressure still dominates.
This price channel has remained stable for many weeks, providing a basis for us to prioritise buying in line with the trend.
The target of 4000 USD is not far away, especially when the fundamental context continues to support the upward trend.
Fundamental Context
The market is expecting the Fed to continue cutting interest rates in October, creating momentum for gold.
Current US financial-economic news is limited, as the US Government remains shut down.
Geopolitical factors have somewhat cooled down, but gold still holds its position as an important safe-haven asset.
Trading Scenario
1. Buy (main priority):
Entry: 3860 – 3865 (at the rising trendline).
TP: 3960 – 4000.
SL: manage below the trendline.
2. Sell (backup if the channel breaks):
Condition: 3853 is breached.
At that point, a new trend will form and the Sell scenario will be activated.
Conclusion
Main trend: Buy in line with the rising channel, aiming for 4000 USD next week.
Sell should only be considered if there is confirmation of a break below 3853.
The market is in a critical phase, so be patient and wait for a good entry point to trade safely and effectively.
