XAUUSD Rally Fueled by U.S. Shutdown – Watching $3,886–$3,891

[Arman Shaban]

By analyzing the gold chart on the 1-hour timeframe, we can see that after rising to $3,854, the price corrected down to $3,831. Then, with renewed demand — boosted by the U.S. government shutdown — gold rallied again, pushing close to $3,900.
Currently, gold is trading around $3,875, less than 200 pips away from its ATH at $3,895. Now we need to watch closely how the price reacts to the $3,886–$3,891 supply zone.

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