Market Analysis
Updated: Sep 25Technical Levels
Resistance 3:
$1950
Resistance 2:
$1932
Resistance 1:
$1915
Current Price:
$1902
Support 1:
$1885
Support 2:
$1868
Support 3:
$1850
Fundamental Drivers
-
Fed rate decision (Sep 26)
-
US Non-Farm Payrolls (Oct 6)
-
Geopolitical tensions
-
USD index correlation
-
ETF gold holdings
Market Correlations
XAU/USD Daily Chart
Sep 1
Sep 15
Sep 26
Oct 10
Oct 26
Trading Strategy
Bullish Setup
Entry Conditions:
- Daily close above $1915 with volume confirmation
- RSI(14) > 50 and rising
- USD index showing weakness
Targets:
TP1: $1932 (1:1 R/R)
+30 pips
TP2: $1950 (2:1 R/R)
+60 pips
Stop Loss:
Below $1900 (20 pips risk)
Bearish Setup
Entry Conditions:
- 4H close below $1885 with increasing volume
- RSI(14) < 50 and falling
- Strong USD momentum
Targets:
TP1: $1868 (1:1 R/R)
-17 pips
TP2: $1850 (2:1 R/R)
-35 pips
Stop Loss:
Above $1895 (10 pips risk)
Risk Management Rules
Max Risk Per Trade
1-2% of capital
Stop Placement
Beyond key S/R levels
Position Sizing
Based on stop distance
Weekly Review Schedule
| Day | Time | Activity | Focus Areas |
|---|---|---|---|
| Monday | 08:00 GMT | Weekly Plan Review | Adjust levels, check news |
| Wednesday | 14:00 GMT | Midweek Check | Position adjustments |
| Friday | 18:00 GMT | Weekly Recap | Performance review |