The Golden PUMP Continues

XAU/USD

Key zone: 3,800.00 - 3,950.00

Buy: 3,900.00(after retest of 3,800 level) ; target 4,100-4,150; StopLoss 3,820.00

Sell: 3,750.00 (on a strong negative foundation); target 3,600-3,550; StopLoss 3,820.00

The rapid surge in gold, driven by trade wars, geopolitical tensions, and the risks of a U.S. government shutdown, is shaping new hedging strategies for major market players.

The peg of stablecoins to the U.S. dollar makes cryptocurrency investments effectively equivalent to U.S. assets—from Treasuries to S&P 500 equities.

• Futures are pricing in a 90% probability of a Fed rate cut in October and a 65% probability of another move in December.
• President Trump’s decision to impose tariffs on imports of pharmaceuticals, trucks, and furniture starting October 1 has added another layer of uncertainty to global supply chains.
• The threat of a government shutdown is reinforcing demand for gold as a safe-haven asset.

Large investors never concentrate capital in a single asset. Even U.S. allies avoid keeping all investments in dollars, and since the adoption of the GENIUS Act, cryptocurrencies have effectively become American assets as well. This has fueled liquidity flows into alternatives such as the euro, bitcoin, and equity indices. Central banks—particularly China—are actively building gold reserves, treating the metal as a core element of diversification.

The dollar remains at the 98.00/60 levels, capping its upside and supporting gold demand. Pressure is further reinforced by weakness in the labor market and subdued inflation in the U.S.

Gold is entering a decisive phase where macroeconomic drivers and technical factors are aligning. Key catalysts this week include job openings data, ISM, and September’s NFP.

• Weaker employment data will strengthen expectations for another rate cut and push gold higher.
• Stronger numbers may temporarily slow momentum, keeping gold in the $3,730–3,760 range before buyers return.

A firm break above $3,800 paves the way toward $3,900 and, under favorable conditions, $4,000. Speculative interest remains intact: smaller-scale buying continues to spark sustained demand for new upward impulses. Even corrections triggered by unexpected economic data will be seen by the market as opportunities to re-enter.

So we act wisely and avoid unnecessary risks.

Profits to y’all!