FX.co ★ FlyWithEagle | XAU/USD, GOLD

Currency Pair: XAU/USD (Gold Spot / U.S. Dollar) Analysis Date: September 20, 2025 Timeframe: 1-Hour (H1) Data Source: OANDA via TradingView Chart Overview and Price Action

As of the latest H1 session, Gold (XAU/USD) is trading at 3,684.975, reflecting a notable gain of +40.795 (+1.12%). The price action demonstrates a strong bullish momentum, breaking above key resistance levels. The session opened near 3,640 and rallied towards the 3,700 psychological barrier, indicating robust buying interest. The chart shows higher highs and higher lows, confirming an uptrend. Volume data (6.39K) suggests moderate participation, supporting the price move. The candles are predominantly green, with minimal wicks, indicating sustained buying pressure without significant pullbacks. Technical Indicators and Key Levels · Resistance Levels: Immediate resistance is observed at 3,700.000, a psychological round number. A break above could target 3,720–3,740. · Support Levels: Key support lies at 3,660.000 (previous resistance turned support), followed by 3,640.000 (session open). · Moving Averages: The price is trading well above typical moving averages (e.g., EMA 20/50), confirming bullish bias. · Momentum Indicators: RSI is likely in overbought territory (>70), suggesting potential for a short-term pullback but also highlighting strong momentum. Next Forecast Given the current momentum, Gold is expected to test the 3,700.000 resistance imminently. A successful break above could propel prices toward 3,720–3,740 in the near term. However, due to overbought conditions, a minor retracement to 3,660–3,670 may occur before further upside. Overall, the trend remains bullish, supported by macroeconomic factors such as USD weakness or safe-haven demand. Trade Setup · Entry: · Long Position: Enter on a pullback to 3,665–3,670 (support zone) for better risk-reward. · Alternatively, enter a breakout above 3,705 (confirming bullish continuation). · Take Profit Targets: · TP1: 3,720 · TP2: 3,740 · Stop Loss: · Place stop loss below 3,650 to protect against a false breakout or trend reversal. Risk Management: Ensure position sizing aligns with risk tolerance. The trade idea leverages the prevailing bullish trend while accounting for overbought signals. Conclusion Gold exhibits strong bullish momentum on the H1 chart, driven by positive sentiment and technical breakouts. Traders should monitor the 3,700 level for breakout opportunities while being cautious of short-term pullbacks. The overall outlook remains optimistic, with potential targets extending toward 3,740.