💎 Fengshen Talks Trading— #XAU# 2025.09.17

Intraday Analysis
1️⃣ Structure Interpretation
Gold is currently in a strong position at a high level → still has upward momentum, with short-term support around 3675 and short-term resistance near 3695. If the Federal Reserve confirms a rate cut path and the dollar continues to weaken, there will be further room for gold prices to rise; conversely, any news that brings interest rates back to an upward trend will quickly suppress gold prices.

2️⃣ Fund Flow & On-chain & Exchange Dynamics
Macroeconomic drivers: The market's expectations for a rate cut by the Federal Reserve are heating up, the dollar is weakening, and some institutions along with physical demand are pushing gold to historical highs. Reports from Reuters and TradingEconomics have confirmed the macro backdrop for this round of increase.

ETF / Holdings: The holdings of certain gold ETFs (such as SPDR Gold Trust) have recently increased slightly, reflecting the continued inflow of physical and passive funds.

3️⃣ Day trading strategy
Bullish outlook: If the price dips to around 3675 and shows signs of a stop, one can enter a long position, setting the stop-loss at 3672 where the entity breaks, with a target of 3695. If the resistance zone is broken, look for the previous high.

Short selling strategy: If the price rises close to 3695 and shows a short-term top signal, you can enter a short position, setting the stop loss at the breaking point of 3695. The target is around 3640.

4️⃣ Risk Warning
The Federal Reserve's statements, key data (such as CPI/PPI/employment), or a sudden strengthening of the dollar can lead to a pullback in gold; cautious position control and stop-loss at high trading levels.


[For reference only, not as investment advice]