Weekly Candle Closes High | Prioritise Buying on Pullback to Sup🟡 XAU/USD – 22/09 | Captain Vincent ⚓
🔎 Captain’s Log – Quick Overview
Last week, gold closed around 3,685, paving the way for further advancement and a new ATH.
After the FED cut 25bps, Powell's 'brake' remarks slowed the rise, but the larger trend remains bullish.
This morning, prices surged to 3,697.xx, now slightly adjusting around 3,692 – 3,690 → a sensible strategy: wait for a pullback to continue Buying.
⏩ Captain’s Summary: The gold voyage still heads North, Buying remains the main choice, but wait for a pullback to board.
📈 Captain’s Chart – Technical Analysis
Golden Harbor (Support / Buy Zone):
Thin support: ~3,698 (recently broken old range top).
OB Dock: 3,687 – 3,690.
FVG Dock: 3,672 – 3,676 (liquidity check on deep pullback).
Storm Breaker (Resistance / Sell Zone):
3,714 – 3,720 (supply cluster / old ATH – likely to react).
Price Structure:
Continuous BoS series, price breaks short-term up channel and creates higher highs → bullish remains the main trend.
🎯 Captain’s Map – Trading Plan (before US session)
✅ Buy (trend priority)
Buy Zone 1
Entry: 3,698 – 3,701
SL: 3,688
TP: 3,706 – 3,714 – 3,720+
Buy Zone 2 (OB)
Entry: 3,687 – 3,690
SL: 3,680
TP: 3,698 – 3,706 – 3,714 – 3,72x
Buy Zone 3 (FVG)
Entry: 3,672 – 3,676
SL: 3,664
TP: 3,687 – 3,706 – 3,714
⚡ Sell (only scalp when overbought)
Sell Zone (ATH test)
Entry: 3,740 – 3,738
SL: 3,750
TP: 3,730 – 3,690 – 3,695
Captain’s Note ⚓
“The new week kicks off with a high-closing candle, the gold vessel continues its bullish course. Golden Harbor 🏝️ (3,690 – 3,672) is a safe anchorage for the crew to watch for Buys. Storm Breaker 🌊 (3,714 – 3,720) is the wave crest where winds may rise, suitable for Quick Boarding 🚤 short scalps. Before the US session, the seas might get choppy – hold the helm tight and manage volume wisely.”
