GOLD: Continuing Uptrend Structure, Target 4090 Approaching

LiamTrading – GOLD: Continuing Uptrend Structure, Target 4090 Approaching

Hello everyone,
Gold and US stocks are setting new records together, but don't forget — strong sell-offs often appear when everyone believes prices can only rise.

Currently, gold maintains a sustainable uptrend structure, with each subsequent low higher than the previous one, confirming a clear trend on the H1–H4 timeframe.

📊 Technical Analysis (Chart 45m – XAUUSD)

The price structure remains a clear Higher High – Higher Low, indicating that buyers are still in control of the market.

Key liquidity zones are around:
🔹 4050–4060 (resistance – POC Volume Profile)
🔹 4020–4025 (temporary support zone – confluence of Fibo 0.618)
🔹 3980 (technical bottom, strong previous liquidity zone)

The upward target according to Fibonacci Extension is currently in the 4090 zone, corresponding to the 2.618 extension level — likely to become a major profit-taking area for buyers.

🎯 Today's Trading Scenarios

Short-term Sell (based on resistance reaction):
📍 4048–4050
🛑 SL: 4055
🎯 TP: 4030 – 4018 – 4005 – 3980

Buy scalping:
📍 4022–4024
🛑 SL: 4017
🎯 TP: 4030 – 4045 – 4060 – 4080

Buy swing (trend-following):
📍 3980–3982
🛑 SL: 3975
🎯 TP: 3995 – 4010 – 4025 – 4040 – 4060

🧭 Fundamental & Market Sentiment View

According to the FOMC minutes from 16–17/9, most Fed officials believe that continuing to cut interest rates this year is appropriate.
This is the first time since 2020 that the Fed has officially reduced the interest rate by 0.25%, bringing the range down to 4.75% – 5.00%.

→ Cheap money + safe-haven sentiment continue to be the main drivers pushing gold higher.
However, with gold and stocks both reaching peaks, the risk of technical corrections may occur when prices hit major liquidity zones.

📌 Conclusion

Gold is still in a stable uptrend, with a short-term target towards 4090 USD/oz.
However, watch the liquidity zones around 4050–4060 and 4000–4025 to optimize entry points, avoiding FOMO when prices are already in high zones.

👉 I will continue to update details for each trading session.
Follow me to not miss the earliest gold scenarios!