empty
 
 
nl
Ondersteuning
Direct openen van een account
Trading Platform
Storting/opname

29.09.202608:08 Forex Analyse & Reviews: Trading Signals for XAU on September 28-30, 2026: buy above $4,113 (21 SMA - GAP)

Relevance up to 06:00 UTC+00

Exchange Rates 29.09.2026 analysis

XAU/USD is trading around $4,137 within a secondary downtrend channel that has been forming since early September; technically, gold could continue to fall as we are seeing a bearish signal.

If gold breaks above $4,140 (1/8 Murray) in the coming hours, the instrument could rebound, and we could expect it to reach the 2/8 Murray level around $4,218.

If bearish momentum prevails, the price could reach the lower band of the downtrend channel around $4,100 and even the 0/8 Murray level around $4,062.

A consolidation above the 1/8 Murray level around $4,140—which represents a technical reversal zone—could set the stage for a recovery in gold, potentially closing the gap left earlier this week around $4,285.

Given that gold left a gap around $4,285, the outlook is bullish, and we could look for buying opportunities in the coming days, as we technically expect it to reach this level. Therefore, any pullback—as long as the price trades above $4,113—will be considered a buy signal.

We can observe on the H4 chart the formation of a triple bottom pattern, which represents a bullish signal for the coming days.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Dimitrios Zappas,
Analytical expert of InstaSpot
© 2007-2026
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.

Kan u nu niet praten?
Stel uw vraag in de chat.