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GOLD fell nearly $300, the biggest one-day drop since 2021The precious metals market witnessed a sharp decline in the trading session on Tuesday (October 21), when the spot gold price fell more than 5%, marking the sharpest decline in 4 years. This correction came after many consecutive weeks of increase, when gold continuously set new peaks and reached overbought levels on technical indicators. As of the time of recording, the spot gold price decreased by 5.21% to 4,129.05 USD/ounce, after falling below the 4,100 USD/ounce mark at one point, meaning a loss of nearly 300 USD compared to the highest level of the day. Previously, on Monday, gold had peaked at about 4,381.52 USD/ounce, before turning down nearly 3.8%. Strong Dollar Slows Gains The stronger US Dollar has made dollar-denominated gold more expensive, weighing on demand. Weakening safe-haven sentiment has also contributed to the sell-off. Expectations of a meeting between US President Donald Trump and Chinese President Xi Jinping next week to ease trade tensions have dampened demand for the precious metal. In addition, the peak gold buying season in India, one of the world’s largest consumer markets, has ended, dampening physical demand. Markets lose position data, volatility soars The partial U.S. government shutdown has left traders without access to the Commodity Futures Trading Commission’s (CFTC) weekly speculative positioning report, data used to measure hedge fund participation in gold and silver contracts. The lack of positioning data makes the market more sensitive, especially when speculative buying increases during volatile times. The volatility has pushed short-term volatility in the precious metal to its highest level in months. Options trading volume on the world’s largest gold ETF exceeded 2 million contracts for two consecutive sessions, a new record, suggesting investors are rushing to hedge or take advantage of volatility to seek profits. Experts warn of the risk of a deeper correction According to Bloomberg Intelligence strategists, gold ETF holdings are still below historic highs, suggesting there is still room for a bull run. However, they warn that “every rally has its limits,” and that excessive speculative buying often turns into selling pressure when economic data improves. “If upcoming economic reports show a stronger-than-expected U.S. economy, a deeper correction in gold is entirely possible,” the report said. Silver also under pressure after a strong run Silver, the metal, has risen nearly 80% since the start of the year thanks to tight supplies and rising investment demand that has followed gold’s slide. The widening price gap between London and New York has prompted traders to move the metal to the UK to ease supply and demand pressures. According to exchange data, treasuries linked to the Shanghai Futures Exchange recorded the largest silver withdrawals since February, while inventories in New York continued to fall, reflecting a restructuring of global supply amid the market correction. In short, after a long rally and high expectations, the gold market is entering a “necessary cooling” phase. While the long-term trend is still supported by geopolitical risks and loose monetary policy, short-term volatility is likely to remain high as the market reassesses yield expectations, inflation and the health of the US economy. Technical Analysis OANDA:XAUUSD The daily chart of gold shows that after a strong increase to the peak around 4,380 - 4,400 USD/ounce, the price has entered a rather deep technical correction phase, touching the Fibonacci support zone of 0.618 around 4,110 USD/ounce corresponding to the EMA21 line. The strong bearish candle has been partially absorbed, indicating that the selling pressure is weakening and the downward momentum is showing signs of slowing down. The RSI indicator has escaped the overbought zone and is approaching the neutral level (50), reflecting the state of re-accumulation after the correction. As long as the price remains above the 4,036 - 4,110 USD/ounce zone, the medium-term bullish structure has not been broken. Overall, gold is in a "breathing" phase after a steep increase, and if it holds support at $4,110/ounce, the prospect of returning to the main uptrend in the coming weeks is very positive. SELL XAUUSD PRICE 4231 - 4229⚡️ ↠↠ Stop Loss 4235 →Take Profit 1 4223 ↨ →Take Profit 2 4217 BUY XAUUSD PRICE 3949 - 3951⚡️ ↠↠ Stop Loss 3945 →Take Profit 1 3957 ↨ →Take Profit 2 3963
OANDA:XAUUSDLong
by Xayah_trading
GOLD BUY OPPORTUNITY; TARGET - 4380 - 4566Gold Buy Opportunity Setup: Rebound from Key Support Zone ("Golden Zone") Current Price Level: ~ 4,381.48 Entry Zone: 4,380 – 4,390 (on confirmation of bounce) Stop-Loss: 4,340 (below recent swing low) Take-Profit Targets: Target 1: 4,450 Target 2: 4,500 (major resistance) Target 3: 4,550 - 4566 (extension level) Risk Management Risk per Trade: Do not risk more than 1-2% of your trading capital. Reward-to-Risk Ratio: ~ 2:1 or better Position Size: Adjust based on stop-loss distance and account size. Trading gold and other financial instruments involves significant risk, including the potential loss of all invested capital. The analysis provided is based on technical indicators and market conditions at the time of writing and is subject to change without notice. This is not financial advice. Always conduct your own research and consider consulting a licensed financial advisor before making any trading decisions. Past performance is not indicative of future results.
TVC:GOLDLong
by tradeflowadvisors
1
GOLD H4 DOUBLE TOP WILL LIKELY DRAG PRICE FURTHER DOWNXAUUSD on H4 chart, has confirmed a bearish Double Top pattern after failing to break resistance around the 4,380 level. The pattern was validated by a decisive break below the 4,200 neckline, signalling a clear shift in momentum from bullish to bearish. This breakdown suggests the recent uptrend is over and sellers are now in control, which will drag gold further down. N.B! - XAUUSD price might not follow the drawn lines . Actual price movements may likely differ from the forecast. - Let emotions and sentiments work for you - ALWAYS Use Proper Risk Management In Your Trades #gold #xauusd
OANDA:XAUUSDShort
by BullBearMkt
GOLD (XAU/USD) Game Plan GOLD (XAU/USD) Game Plan 📊 Market Sentiment Market sentiment for GOLD remains extremely bullish, driven primarily by central bank accumulation. Since 2023, global central banks — led by China — have been buying gold aggressively, creating a long-term demand base. With the FED preparing to initiate QE while inflation remains elevated, risk assets like GOLD are expected to outperform as USD (DXY) weakens. This macro setup builds a powerful bullish narrative that continues to favor long exposure on gold. 📈 Technical Analysis GOLD has rallied for nine consecutive weeks since mid-August, reaching overbought RSI levels. Currently, price is showing signs of retracement and consolidation, suggesting an accumulation phase may form before the next impulsive move. The Weekly Fair Value Gap (FVG) around $4010, just below the HTF bullish trendline, acts as a critical support area where a potential deviation and bounce may occur. 📌 Game Plan I expect GOLD to retrace toward the HTF trendline and Weekly FVG ($4017). A deviation and bounce from this zone could trigger a new bullish leg. However, I anticipate 1–2 weeks of accumulation before continuation. 💬 Like, follow, and comment if this breakdown supports your trading! More setups and market insights coming soon — stay connected! ⚠️ Disclaimer: This content is for informational and educational purposes only and does not constitute financial, investment, or trading advice. Always DYOR before making any financial decisions.
COMEX:GC1!Long
by UA_CAPITAL
Gold/Copper Signaling Recession & Market Super bubble!We're continuing to see extreme signals from Gold, and that should raise concerns. Earlier, I highlighted the Gold/Oil ratio — now, I want to draw your attention to the Gold/Copper ratio: 🔗 Historically, such extreme readings in the Gold/Copper ratio have consistently preceded recessions. The only exception? A period of economic stagnation and sideways markets — not exactly a bullish outcome. See the chart from 2014 to 2016 🔗 www.tradingview.com Quick recap: Gold = Fear + Inflation hedge Copper = Economic strength + Inflation signal Oil = Similar to Copper; reflects growth and inflation expectations These divergences aren't random — they’re warning signs of a recession & market Super Bubble that's about to POP! These are not random fluctuations of prices. You can choose to view them as such. I get it. But from a macroeconomic perspective, this is bad JUJU! Capitalism without failure is like religion without hell! Remember that! Click boost, like, and subscribe! Let's get to 5,000 followers! ))
OANDA:XAUUSDShort
by RealMacro
5
Bearish Key Reversal Puts Platinum Bulls on NoticePlatinum was slaughtered along with every other precious metal on Tuesday, delivering on the risk we flagged 24 hours earlier. Given the scale of the move, the question everyone is now asking is whether that was it? I don’t know personally, but the bearish key reversal candle that printed only adds to the signals from longer timeframes in recent weeks, warning of the potential for more downside to come. Looking at the price action on the dailies, it’s notable the rout halted Tuesday at $1516—the high that was set in July. That suggests technicals still matter even if some of the selling was likely forced in nature. As such, it’s now the key level to watch when assessing directional risks. Should $1516 give way, the 50-day moving average is the first point of interest, with $1478 and $1440 other minor levels before more substantive support is found at $1380. Should $1516 hold, $1555, $1675 and $1775 are the levels to watch. The momentum picture has unsurprisingly shifted quickly as a result of the pullback, with RSI (14) now trending lower beneath 50, indicating increasing downside pressure. MACD has yet to turn outright negative, but it has already crossed the signal line and is accelerating downwards. At the very least, it provides a warning for bulls looking to immediately buy the dip. Good luck! DS
FOREXCOM:PLATINUM
by FOREX.com
The ratio of Silver / M2 reached an important resistanceThe ratio of Silver / M2 (x$1T) has reached an important resistance last Thursday. It also reached rare overbought condition (see the monthly RSI14 at the 78 resistance area). It is now due for a consolidation phase, support seen near 0.18 (implying a pullback of about 18% to $44 from the recent high of $54 on silver. This could take a few months (normally, but who knows) before exploding above the down trend line towards the 0.53 area. In summary, the rise of silver has just started.
TVC:SILVERLong
by waverity
GOLD – top is in?There are many possible Elliott Wave interpretations regarding the recent years in gold, but one thing seems quite clear. The rise that began in August 2025 was preceded by a triangle, which according to wave theory always signals the final wave of an impulse of the same degree. After it concludes, one should expect a correction of the entire impulsive five-wave sequence, typically retracing to the level of the preceding fourth wave. In recent days, the media have been filled with images of people buying physical gold — and as we know, the crowd is never right. Could this widespread euphoria be signaling the end of the bull run, at least for a while? Many signs point to that. It is not unlikely that we will soon see capital rotation into crypto.
TVC:GOLDShort
by Bartleby_the_Trader
EURNZD – Elliott Wave Roadmap2D Chart Every swing continues to unfold with precision - true to Elliott Wave structure. We’re now in the final stages of Wave 5. This structure is nearing completion, with price developing the final sub-wave (C) of (5) into the Sell Zone. 📍 The Sell Zone aligns with the upper channel resistance - where we’ll be watching closely for exhaustion and the start of the next major decline. Trade Idea: - Watch for price to complete Wave (5) inside the Sell Zone - Aggressive short: Rejection within the zone - Conservative short: Entry after trendline break / BOS 🎯 Targets: - TP1: 1.8800 (1800 pips) - TP2: 1.7600 (3100 pips) We’re in the final stretch of this multi-month rally. Once Wave 5 completes, expect a sharp corrective drop to follow. Plan the trade. Wait for confirmation. Execute with precision. Goodluck, and as always, Trade Safe!
by WicktatorFX
Gold mania ends in a $4000 reality check? Thousands queuing for hours in central Sydney to buy gold last week was a potential warning sign that gold was vulnerable to correction. Today, gold prices saw their largest one-day fall in over ten years. After several failed attempts to break above 4,400, resistance held and momentum reversed sharply. The first key support now potentially sits near 4,000 (200% retracement). Despite the correction, long-term outlooks might remain positive. Ongoing inflation risk, lower interest rates, geopolitical tensions, and U.S. government dysfunction are still ever present. This might be why Goldman Sachs raised its December 2026 price target to 4,900 per ounce, up from 4,300, citing Silver also slumped more than 7%, marking their biggest daily loss since 2021, as overbought signals flashed extremes.
BLACKBULL:XAUUSD
by BlackBull Markets
1
Accurately grasp every trading opportunity,do you dare to followGold prices fell sharply in the evening due to the news, with a daily drop of nearly $300. Judging from the daily chart, the large real negative line almost swallowed up all the gains last week, and the bears have absolute control over the market. Since this morning, Allen has been reminding everyone to pay attention to the M-shaped double-top structure and be alert to the possible sharp market correction. Even if you fail to keep up with our trading rhythm, as long as you refer to my ideas and read them carefully, you can at least effectively avoid being washed out by the market. As gold continues to fall, various voices have appeared in the market. Bros must keep their eyes open when referring to them. After all, not everyone is as brave as Allen in facing mistakes and losses. As I said, the bears are currently dominating the market. Although the decline has stagnated slightly in the short term, the downward trend has not completely stopped. It will be difficult for the bulls to recover all their lost ground tonight. The current gold price is hovering around 4110. If it continues to fall, you can pay attention to the short-term support of 4060-4050 below. Try to go long with a light position, set a stop loss, and look for support at the 4000 integer mark if it breaks. OANDA:XAUUSD
OANDA:XAUUSDLong
by Perfect_Allen
Gold Testing 4,210 Support as Bulls Eye Another Leg HigherHey Traders, in today’s session we’re keeping a close watch on XAUUSD for a potential buying opportunity around the 4,210 zone. Gold continues to trade within a broader uptrend, and the current pullback appears to be a healthy correction toward a key support and resistance confluence at 4,210. Market structure: Momentum remains bullish, with price forming higher highs and higher lows. The ongoing correction could provide a trend-continuation entry if buyers step in near support. Key level: 4,210 — a decisive zone where previous reactions have sparked renewed buying interest. Outlook: A sustained bid from this area could pave the way for another push toward 4,300 and beyond, keeping Gold aligned with its dominant bullish trajectory. Trade safe, Joe.
OANDA:XAUUSDLong
by JoeChampion
9
GOLD 1H CHART ROUTE MAP UPDATE & TRADING PLAN FOR THE WEEKHey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing price play between two weighted levels with a gap above at 4275 and a gap below at 4229. We will need to see ema5 cross and lock on either weighted level to determine the next range. We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 20 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. The swing range give bigger bounces then our weighted levels that's the difference between weighted levels and swing ranges. BULLISH TARGET 275 EMA5 CROSS AND LOCK ABOVE 4275 WILL OPEN THE FOLLOWING BULLISH TARGETS 4320 EMA5 CROSS AND LOCK ABOVE 4320 WILL OPEN THE FOLLOWING BULLISH TARGET 4360 BEARISH TARGETS 4229 EMA5 CROSS AND LOCK BELOW 4229 WILL OPEN THE FOLLOWING BEARISH TARGET 4194 EMA5 CROSS AND LOCK BELOW 4194 WILL OPEN THE FOLLOWING BEARISH TARGET 4151 EMA5 CROSS AND LOCK BELOW 4151 WILL OPEN THE SWING RANGE 4122 4075 EMA5 CROSS AND LOCK BELOW 4075 WILL OPEN THE SECONDAARY SWING RANGE 4022 3955 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
30
Silver Squeeze – Risk Reversals and Dollar Strength Sets InSilver has broken lower after recent highs, with the much-anticipated “silver squeeze” losing momentum. The market is now facing renewed pressure from a stronger U.S. dollar and broad risk-off sentiment, as investors trim exposure to commodities and metals. The weekly close will be crucial — a bearish candlestick could confirm further downside potential, opening the door toward the USD 40.00 area, a key technical support zone. Several factors are currently weighing on Silver: - DXY rebound: The U.S. Dollar Index has bounced from support, attracting safe-haven demand and pressuring metals. - Higher real yields: As inflation expectations ease, rising real yields make precious metals less attractive. - ETF outflows: Institutional investors are trimming Silver ETF holdings, reducing speculative support. - Weakness in industrial metals: A slowdown in China’s manufacturing sector is dragging down sentiment for Silver, which also has industrial demand. - Technical exhaustion: After repeated tests of the USD 53.00 zone, momentum faded, and a breakdown below short-term moving averages confirmed a shift in tone. If the current move continues, Silver could test USD 40.00 in the coming sessions. Only a decisive recovery above USD 52.00 would ease the short-term bearish outlook.
TVC:SILVERShort
by fwalbaum
Analysis and trading position for gold Hello traders The structure of the one-hour time frame is bearish for now The algorithm for one-hour sellers has also been activated, but it has not yet pulled back to its equilibrium. In one hour, there are two pullback ranges, 4207 and 4232, which you can look for a trigger sell (this range has high validity until the defined TP is touched. If it gives the target first, this range will be merely a reaction). From these areas and TP, the one-hour sellers of this algorithm are defined at 4040, which is one with a daily support, the one-hour seller is liquidating here, which is also the daily support, so we can expect a good move from this support.
FOREXCOM:XAUUSD
by kinshinreza