Themba_PM

Fundamental Drivers Record highs near $3,600/oz: Gold (XAU/USD) is hovering just below or at all-time highs around $3,600. Weak U.S. jobs data (just 22,000 added in August) has heightened expectations of aggressive Federal Reserve rate cuts, fueling gold’s rally. Reuters Financial Times FXEmpire Dovish Fed outlook and global uncertainty: The confluence of expected rate cuts, a weaker dollar, and global instability has pushed gold sharply higher, attracting both speculative traders and central bank buyers. FXEmpire FX Leaders Barron's Forecasts trending higher: Analysts see more upside. Estimates range from $3,700 soon to a year-end target near $4,000, possibly even $5,000 by 2026 under certain scenarios. Barron's Trading News FX Leaders Technical Signals Momentum strong, but stretched: Technical readings (RSI, MACD, Stochastic etc.) largely signal a strong bullish bias—but many show overbought conditions. Investing.com +1 Key levels to watch: Resistance: ~$3,640–3,650 zone—break here could open the path to new highs. TradingView +1 Support: ~$3,580–3,600—crucial area for holding bullish structure. TradingView +1 Scenarios vary from continued rally to a short-term correction if resistance holds. TradingView RoboForex Strategic sentiment: Many technical analysts remain bullish, recommending long entries on dips near support, while a few caution of a pullback given the sharp rise. TradingView +1 RoboForex

looks like the weak NFP numbers came in softer than expected, and gold (XAU/USD) reacted bullishly just as anticipated. Dollar weakness on the back of the softer labor data boosted demand for gold. Gold surged above resistance at $3,578, confirming the breakout scenario we mapped. Market sentiment now favors a continuation toward the $3,600+ zone, unless profit-taking slows momentum.

Forecast Overview Ahead of NFP Release Bullish Scenario (Weak NFP Data) Consensus sees NFP adding around 75,000 jobs (slightly higher than July's 73,000), with unemployment likely rising to 4.3% and average hourly earnings cooling to 3.7% year-on-year. MarketPulse FXStreet +1 In this scenario, gold could break above its $3,578–$3,579 record high, potentially rallying toward $3,600 and even $3,879 if bullish momentum intensifies. FXEmpire +1 FXStreet Bearish Scenario (Strong NFP Data) Should job creation exceed expectations (perhaps above 75,000), gold may face corrections down to $3,450–$3,400. TradingView +1 Neutral Scenario (In-line Data Around Expectations) With NFP numbers close to forecasts, expect sideways movement or technical consolidation, likely within $3,540–$3,578. Traders might prefer range-based strategies. TradingView FXStreet

The whole market is made up of two main patterns, the head and shoulders and inverse. For continuous and corrections, the double top and bottom. leave a comment for more for information.

1. Strong buyers support has been broken. 2. Strong buyer support has been broken. 3. The third strong buyer's support has not yet been broken.

After Gold retested on the 100% retest zone, went back to the entry level, Now we wait to sell when the news comes. Target is now the 100% retest zone retest zone.

Highlights : GOLD METAL Prediction : BEARISH Longevity : 7 weeks Targets : PSTG 1 & 2 Rejection Zone hit : 100% Retest and hit more than two times Current Situation: Waiting for PSTG 1 & 2 to be hit, then, again, waiting for the pattern to be complete.

Market did retest on the zone i predicted that it is going retest at. ///trade/// Gold is still going towards PSTG 1 & 2

XAUUSD with the strategy for currencies is giving like never before, just like that the strategy is on fire and money is coming, Gold is on fire too

Gold has been reaching new heights, I was targeting 2500 but it like the momentum is no longer the same since now that the sellers are more than the buyers.