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Sep 22, 2025

XAU/USD chart on the weekly time frame

Gold's price action has progressed in alignment with the previously outlined bullish forecast, successfully capturing our second short-term objective near the $3,700 level. This target was confirmed by the establishment of a weekly high at $3,707.

The trading volume continues to consistently register positive figures, thereby validating the price advance and indicating sustained buyer interest. 

In the near term, momentum is expected to decelerate, likely resulting in a consolidation phase between the $3,600 and $3,700 levels. This constitutes a period of equilibrium before the next directional leg. 

From a risk management perspective, the following adjustments are advised for existing long positions:.

  • Short-Term: hold and keep stop-loss orders to a profit-protection level of $3,600.
  • Medium-Term (Strategic): The primary bullish objective remains at $3,850.
    To safeguard these strategic gains, a trailing stop strategy should be implemented with an activation level set at $3,540.
     

EURUSD Chart on the weekly time frame

In alignment with the prior bullish forecast, the EURUSD pair achieved the initial short-term objective at the 1.1900 level. At this juncture, significant selling pressure emerged, catalyzing a rejection that returned price action to the established weekly trading range, which has contained price movement for the past seven weeks.

This sell-off culminated in the formation of a bearish weekly shooting star candlestick pattern, a development warranting close attention.

A break below the previous week's low of 1.1716 is likely to trigger short-term stop-loss orders.

From a medium-term perspective, a prudent risk management approach involves employing a trailing stop-loss, benchmarked against the 13-week exponential moving average—a level that has consistently provided dynamic support throughout the year.

Conversely, a weekly close above the 1.1800 level would be construed as a constructive medium-term signal, potentially facilitating a further advance toward a secondary medium-term target zone between 1.2000 and 1.2100
 

USTEC chart on the weekly time frame

Despite exhibiting severely overbought conditions across most weekly technical indicators, the US Tech 100 index (USTEC) extended its advance last week, marginally breaching a key peaks-based resistance level.

However, the prevailing overbought state and the maturity of the current uptrend necessitate maintaining a conservative medium-term outlook.

An overdue corrective phase is anticipated to commence within the coming weeks. Consequently, initiating new long positions at current levels is not advised, and existing long exposures should be managed with tight stop-loss orders.

The preferred medium-term strategy is to systematically reduce exposure to any subsequent rallies, employing a trailing stop-loss benchmarked against the 13-week exponential moving average—a level that has consistently acted as significant dynamic support throughout the year.

In the near term, historical precedent suggests such extreme indicator levels often preceded by a 3–5- week distribution period prior to a more pronounced sell-off.

Short-term traders are therefore advised to consider the 24,000 level as a tactical profit-protection point.

 

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