GOLD: Gold H1 Analysis – September 17

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GOLD: Gold H1 Analysis – September 17GoldOANDA:XAUUSDStone_HavenπŸ“° Gold News & Market Developments Following the Fed's decision, the USD and US bond yields remain elevated, exerting pressure on Gold. XAUUSD experienced a sharp decline and is currently recovering from the 4,260 level. On the H1 timeframe, the current recovery is insufficient to confirm a reversal. Prices remain below key EMA lines. => Short-term fundamentals: Bearish bias for Gold. πŸ“Š Analysis The H1 structure still shows Lower Highs and Lower Lows, with the EMA alignment EMA20 < EMA50 < EMA100 < EMA200 β†’ the downtrend remains dominant. The rise from 4,260 to above 4,280 may simply be a technical rebound. Therefore, rather than selling at the current price, it is advisable to wait for Gold to rally toward a resistance zone for a better entry position. If the price breaks strongly above 4,325 and holds there, exercise caution with Sell orders and watch for a potential move toward the 4,350–4,365 zone. 🎯 Trading Strategy πŸ”΄ Sell Zone 4,315–4,325: The EMA20, EMA50, and EMA100 converge here. If the price rallies but faces rejection, sellers may step back in. πŸ”΄ Sell Zone 4,357–4,370: EMA200 + downtrend line + supply zone β†’ a strong resistance area. 🟒 Buy Zone 4,255–4,265: Key support zone. Only consider buying if a clear reversal signal appears. => Key strategy: Patiently wait for Gold to rebound to the resistance zone to look for selling opportunities, rather than chasing the trade at the current price.