XAU/USD: Buy Strategy Analysis!

Wait 5 sec.

XAU/USD: Buy Strategy Analysis!GoldOANDA:XAUUSDActuaryJLooking ahead at the gold price outlook for the next 15 days, the focus shifts to this week's September CPI and PPI inflation data. If inflation softens, it would confirm a cooling labor market and retreating yields, supporting an upward move in gold prices; conversely, if inflation remains high or CPI data comes in hotter than expected, expectations for a December rate hike could resurface, keeping precious metals under pressure. Last week, spot gold staged a strong, one-sided rally, launching a bullish offensive from a local low of 4105 and surging again during today's Asian trading session. Structurally, the short-term bullish trend remains intact, with price highs and lows steadily rising, and the broader bullish pattern continuing to dominate. Technically, the daily chart shows a pattern of consecutive gains, with the New York closing price reclaiming levels above the 7-day and 10-day moving averages (MA7 and MA10), further reinforcing bullish signals. Moving forward, key attention should be paid to whether the price stabilizes above the 4200 mark on the daily chart and whether there is a breakout accompanied by high volume; these factors will be crucial in determining whether this rebound can extend further to the upside. Support levels: 4185 / 4166 / 4143 Resistance levels: 4227 / 4246 / 4268 My recommendations: BUY: 4180-4185 BUY: 4170-4175 SL: 4150 TP: 4250-4280