Safe-Haven Demand Keeps Gold on FireGold / U.S. DollarFOREXCOM:XAUUSDATFX_Global🔶 Gold Price Outlook – Trade Setup (XAU/USD) 📊 Technical Structure Gold retreated after touching fresh highs, now consolidating between $3,844–$3,860. The chart shows repeated bounces from the ascending trendline support, suggesting buyers remain active. Key resistance stands at $3,881–$3,886, and a breakout above could open the way to $3,900 psychological level. The short-term bias remains bullish as long as support holds. 🎯 Trade Setup Entry: $3,837–$3,843 (long) Stop Loss: Below $3,833 Take Profit: TP1: $3,881 TP2: $3,886 TP3: $3,900 Risk/Reward: 1 : 4.21 🌍 Macro Background Gold remains supported by macro factors: Fed Policy: Despite hawkish remarks from Dallas Fed President Logan warning about persistent inflation, markets are still pricing in a 99% chance of a 25bps rate cut in October. The USD has rebounded slightly, but overall sentiment remains bearish for the dollar. Government Shutdown: The ongoing US government shutdown suspends official BLS data releases. However, September’s NFP figures are expected to be published, keeping labour market focus alive. Labour Market: ADP report showed a surprise drop of -32K private payrolls, adding pressure on the Fed to cut rates. Safe-Haven Demand: Rising geopolitical tensions and fiscal uncertainty continue to fuel safe-haven inflows into gold. Despite intraday pullbacks, fundamentals remain gold-supportive. 🔑 Key Technical Levels Resistance: $3,881 / $3,886 / $3,900 Support: $3,843 / $3,837 📝 Trade Summary Gold is consolidating but holding critical support. As long as price sustains above $3,837, bulls retain control. The suggested long entry near $3,843 targets the $3,881–$3,886 area. ⚠️ Disclaimer This analysis is for reference only and does not constitute trading advice. Trading involves significant risk, and proper risk management is essential.