【Trend Structure】On the 1h chart, since September 3 from 1500, the price has been pulled up in a straight run to 1810, with a net gain of 20%+; price holds above both the EMA20 and EMA50, the slope is clearly upward, and a complete HH/HL structure is in place. The primary rally segment is evident.
【Price Rhythm】In this round, increased volume pushed through the prior consolidation platform of 1500-1550, then accelerated upward. It strongly broke through the 1800 integer level. Currently, it is consolidating above 1800; the 1h pullback is shallow and the rhythm has not changed.
【Technical Indicators】MACD is above the zero line; the DIF/DEA golden cross is continuing. The red histogram has shortened, but there is no divergence. RSI is close to 70 and slightly overbought; a strong trend allows for “blunting.” On the 15m chart, after rallying with volume and holding above 1800, the subsequent retest did not break; bullish momentum is still being released.
【Trading Idea】On pullbacks to 1770-1780, enter long in batches; set a stop-loss at 1740, outside the structural edge. If there is an effective breakout above 1820, go long—first target 1840, second target 1860. Trade the trend by going long; do not try to pick tops against the move.
$XAU 1H DOWN:Price is being pressed by EMA20(4410)/EMA50(4422). The rebound only taps 4414 and then gets sold back to around 4400, dipping again to 4398, as it is now moving toward the low at 4389. MACD DIF/DEA are both below the zero axis, the red histogram bars are expanding, and RSI 37.4 is close to oversold with no divergence—so the rebound has no momentum. The 4400—4422 supply pile is full of would-be catchers catching the falling knife. If it breaks below 4389, look at 4365/4350; if it falls further, targets open up toward 4288. Don’t chase longs if it doesn’t break. $XAUUSDT #XAU