Despite experiencing a drop during the trading session on Thursday (September 4, 2025), Gold continues to maintain its primary bullish trend. The price remains within an ascending channel, while the Moving Average (MA) appears flat but exhibits a slight upward trajectory. This situation indicates that the current selling pressure is more of a temporary setback rather than a trend reversal. A natural correction allows the market to test key support levels before resuming its upward movement in line with the medium-term trend.
From a technical indicator perspective, the Commodity Channel Index (CCI) is currently in the oversold area. This signal frequently suggests an increasing likelihood of a rebound. With the combination of a bullish channel, an MA that is still trending upwards, and an oversold CCI, the potential for Gold to continue climbing remains wide open. Investors should keep an eye on key support levels as a reference point, maintaining a perspective that the bullish trend for Gold will prevail in the near future.
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Gold prices are once again moving within a bullish channel characterized by a consistent ZigZag pattern that continues to form an upward trend. Technical signals are increasingly confirmed as the Moving Average (MA) begins to trend upward, reinforcing the possibility of sustained bullish momentum. With this trend’s support, Gold may test a crucial resistance level around $3,560, which is a primary focus for market participants in determining the next movement direction.
Technical Reference: buy as long as it stays above 3,511
Potential Take Profit 1: 3,560
Potential Take Profit 2: 3,568
Potential Stop Loss 1: 3,524
Potential Stop Loss 2: 3,511
