Latest Gold Trading Strategy for October 1st:Gold / U.S. DollarFOREXCOM:XAUUSDGolden_Compas I. Key Drivers and Market Sentiment Policy Expectations Dominate the Market: Expectations for Fed rate cuts are currently the strongest driving force. High market anticipation for consecutive rate cuts in October and December has led to a weaker US dollar and declining real interest rates, significantly boosting gold's appeal. Safe-Haven Demand Provides Support: Persistent political risks and geopolitical conflicts reinforce gold's status as the ultimate safe-haven asset. Technical Breakout Confirmed: Gold prices broke decisively above the $3800 mark on Monday (September 29th) and closed above it, marking the largest single-day gain since August. This technical breakout confirms a shift in market sentiment towards bullishness. II. In-Depth Technical Analysis Long-Term Trend: Strongly Bullish. The daily candle closed as a decisive large bullish candle, confirming the uptrend. Key Breakout: Successfully broke through the previous resistance zone of $3791 - $3795, which has now converted into a core support area. Short-Term Signals: Despite the bullish trend, the market requires a technical correction after the sharp rally. Tuesday's "deep V" shakeout ($3872 → $3793 → $3852) confirms this need. Core Operating Principle: Against the backdrop of a major bullish direction, view short-term pullbacks as opportunities to enter long positions in line with the trend, not as a reversal. III. Specific Trading Strategy Core Approach: Prioritize buying on pullbacks in line with the trend, remain cautious of adjustments at high levels, and secondarily consider light short positions at key resistance. Key Levels: Core Support Zone: $3790 - $3800 (The "resistance-turned-support" area formed after the breakout, crucial for bulls) Near-Term Resistance Zone: $3855 - $3865 Stronger Resistance Zone: $3870 - $3880 1. Primary Strategy: Buying on Pullbacks (Preferred) Entry Zone: Consider scaling into long positions when gold retraces to the $3800 - $3810 range. Profit Target: $3855 - $3865 Risk Management: Set stop-loss below $3790 (a break below key support). 2. Secondary Strategy: Selling Rallies (Cautious Approach) Entry Condition: Only if gold rallies to the $3855 - $3865 resistance zone AND shows clear rejection signals (such as a bearish divergence and crossover on the 1-hour or 4-hour chart), consider initiating light short positions. Profit Target: $3820 - $3800 Risk Management: Set stop-loss above $3875 (a break above the recent high). IV. Key Risks and Important Notes Trend is King: The current market is bullish. The primary strategy should follow the trend. Trading against the trend with short positions is difficult and should be done with light capital and a quick exit mindset. Breakout Response: If gold breaks strongly above $3880, it signifies that new upside space has opened. Short strategies should be abandoned immediately, and one might consider following the breakout with long positions. If gold decisively breaks below $3790 (e.g., daily close below), a deeper correction towards the $3750 - $3730 area is possible. Long positions should be exited decisively. Strict Execution: It is advisable to trade with light positions, always use stop-losses, and practice sound capital management. Market liquidity may vary during holidays, warranting vigilance against abnormal volatility.