Gold testing highs, possible pullback below $3,675

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📊 Market Overview:
Gold surged to an all-time high at $3,673.95/oz on September 9, 2025, driven by Fed rate-cut expectations, USD weakness, and strong central bank demand.
On September 10, gold is consolidating around $3,635/oz, with markets awaiting key US inflation data.

📉 Technical Analysis:
• Key Resistance: $3,675 – $3,700
• Nearest Support: $3,600 – $3,620
• EMA: Price remains above EMA 09 → bullish momentum intact.
• Candlestick / Volume / Momentum: Technicals still show Strong Buy signals, but overbought conditions suggest short-term pullback risk.

📌 Outlook:
Gold may pull back in the short term if sellers defend the $3,675–$3,700 zone, but a breakout above this level could trigger another rally toward $3,720–$3,750.

💡 Trading Strategy Suggestion:
🔻 SELL XAU/USD: 3697 – 3700
🎯 TP: 40 / 80 / 200 pips
🛑 SL: 3703
🔺 BUY XAU/USD: 3617 – 3620
🎯 TP: 40 / 80 / 200 pips
🛑 SL: 3614

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تم فتح الصفقة

Gold is moving sideways at 3640–3648 in the European session, waiting for a breakout: below 3640 may head to 3632–3635, above 3648–3652 could rise to 3660–3665

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أغلقت الصفقة: تم الوصول للهدف

Gold has broken above 3652 and is trading around 3654, likely heading toward 3660–3665