September 4, 2025 – News4FX.com
Gold (XAU/USD) has surged impressively, now trading near $3,538, after breaking above a key resistance level at $3,480. The yellow metal has been riding a strong bullish wave, supported by safe-haven demand, central bank buying, and ongoing economic uncertainties. But the question remains: can gold sustain these highs, or is a pullback toward support levels likely?
🔑 Key Levels to Watch
- Immediate Resistance: $3,560 – $3,580
- Major Resistance Zone: $3,600
- Immediate Support: $3,480
- Stronger Support Zones: $3,440 and $3,320
📊 Market Outlook
Gold’s breakout above $3,480 triggered fresh bullish momentum, pushing prices toward the $3,560 area. This move reflects renewed investor appetite for safe-haven assets amid global uncertainties. However, the candlestick structure shows some hesitation near the $3,560 resistance, signaling that profit-taking may begin.
👉 If XAU/USD holds above $3,500, the bullish trend remains intact, with potential upside toward $3,580 – $3,600.
👉 If gold slips below $3,500, a healthy pullback could retest $3,480 or even the deeper support zone near $3,440.
🎯 Trade Idea
- Bullish Setup:
- Entry: Buy near $3,500–$3,510 if support holds.
- Take Profit (TP): $3,560 (short-term), $3,600 (extended target).
- Stop Loss (SL): Below $3,480.
- Bearish Setup (short-term traders):
- Entry: Short if gold rejects $3,560 resistance.
- Target: $3,480, then $3,440.
- Stop Loss (SL): Above $3,580.
This dual plan allows traders to capture opportunities whether the market continues upward or corrects lower.
📈 Long-Term Perspective
Gold’s long-term outlook remains bullish. With inflation risks, central bank buying, and geopolitical uncertainty, XAU/USD continues to benefit from strong fundamental support. Analysts believe dips are likely to be bought, and the trend could extend beyond $3,600 in the coming months.
📰 Conclusion
Gold is currently trading at a critical level around $3,538, just below key resistance. If buyers defend the $3,500 zone, we may see another leg higher toward $3,600. However, failure to hold above $3,500 could bring a short-term correction. Traders should monitor the $3,500 support closely and adjust positions with proper risk management.
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