01.09.202607:22 Forex Analysis & Reviews: Trading Signals for XAU/USD on September 1-3, 2026: buy above 5/8 Murray (200 EMA - 4/8 Murray)

Relevance up to 01:00 2026-09-15 UTC--4

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Gold is trading around $4,440, below the 5/8 Murray level but above the 200 EMA and 4/8 Murray levels. It means we expect gold to rebound in the coming days until it reaches the 7/8 Murray level, around $4,609.

Gold is consolidating above $4,400, and we could expect an upward move if gold breaks out of the symmetrical triangle pattern around $4,460.

If gold falls below $4,420, we could expect the downtrend to continue, potentially reaching the lower band of the downtrend channel—which coincides with the 200 EMA and also with the 4/8 Murray level. Thus, as shown in the chart, a technical bounce could signal a strong technical rebound.

The first resistance level is at the 6/8 Murray level, which also coincides with the 21-day SMA, around $4,527.

Once gold breaks above $4,527, it could face strong resistance around the upper band of the downtrend channel, at $4,577.

If gold consolidates above $4,375 in the coming days, any technical rebound in this zone will be considered a signal to take long positions.

The Eagle indicator has reached oversold levels, and we believe that in the coming days, gold could rebound to reach $4,600.

Back to the list

Open trading account

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