XAU/USD – Technical Analysis H1 (September 23, 2025)GoldOANDA:XAUUSDHenrybillionGold is currently trading around 3,745 USD/oz after a strong upward move from the support zone of 3,640 – 3,650 USD/oz. Below are the key levels and trading strategies: 1. Trend and Price Action Price has broken out of the bearish channel drawn from September 17–19, confirming a strong upward move. After the breakout, gold has formed a minor pullback but maintains the bullish trend, indicating continued buying pressure. The H1 chart shows a classic flag breakout pattern, with a sharp upward momentum following the channel breakout. 2. Key Support and Resistance Levels Support: 3,730 USD and 3,710 USD – these levels coincide with previous lows and the breakout zone. Near-term Resistance: 3,760 – 3,770 USD, where short-term profit-taking may appear. Long-term Resistance: 3,790 – 3,800 USD, the previous monthly high; monitor price reactions at this level. 3. Technical Indicators Reference EMA 20/50 H1: EMA 20 is above EMA 50, confirming the short-term bullish trend. RSI H1: Around 70 – indicating overbought conditions, but no divergence is visible; the bullish momentum is still strong. Fibonacci: Applied from the swing low at 3,640 USD to the high at 3,760 USD; 38.2% (≈3,700) and 50% (≈3,700 – 3,710) levels act as strong support during pullbacks. 4. Suggested Trading Strategies Buy on pullback: Watch for retracements to 3,730 – 3,740 USD. Place stop-loss below 3,720 USD. Take profit: 3,760 – 3,770 USD for short-term targets; if price breaks 3,770 USD, extend target to 3,790 – 3,800 USD. Trend continuation: If price dips to 3,710 – 3,720 USD but holds, consider holding long positions following the main trend. Conclusion: Gold is in a strong bullish phase, with buying pressure dominating. The safest approach is to buy on retracements while managing risk via stop-losses. Keep monitoring H1 charts for new bullish swings and adjust Fibonacci levels if the price breaks key resistance.