#XAUUSD (September 22) Technical Analysis: After a medium-term downtrend, gold has entered a consolidation phase. Price is currently hovering near the middle band of the Bollinger Bands; the near-term outlook is neutral to bearish. Key ranges: 4320–4375. Short-term support: 4330–4320 (short-term moving average/previous low area), 4303–4300 (lower Bollinger Band + integer level). A break below 4300 could accelerate the decline toward 4280–4250.
Short-term resistance: 4365–4375 (near intraday highs), 4390–4400 (upper Bollinger Band and previous highs). A sustained break above 4400 is needed to open room for a larger rebound. Overall, the market is still in a wide trading range (approximately 4230–4400) consolidation phase and has not yet confirmed a new one-way trend. Strategy: Buy: 4328–4330 TP: 4350–4354 SL: 4310 Sell: 4355–4360 TP: 4340–4335 SL: 4378
Short-term resistance: 4365–4375 (near intraday highs), 4390–4400 (upper Bollinger Band and previous highs). A sustained break above 4400 is needed to open room for a larger rebound. Overall, the market is still in a wide trading range (approximately 4230–4400) consolidation phase and has not yet confirmed a new one-way trend. Strategy: Buy: 4328–4330 TP: 4350–4354 SL: 4310 Sell: 4355–4360 TP: 4340–4335 SL: 4378