A strong market. Timing is crucial.Gold prices continued their upward trend for the fifth consecutive day, reaching a new record high. Concerns about the economic risks posed by the US government shutdown, international trade wars, and escalating geopolitical tensions continue to drive capital flows into gold, a traditional safe-haven asset.
Furthermore, recent speeches by most Federal Reserve officials have paved the way for interest rate cuts, making the market virtually certain that an October rate cut is a foregone conclusion, with even a 100% probability of a December cut. The government shutdown, which has lasted 15 days and is costing approximately $15 billion in lost economic output daily, has also led to a decline in the US dollar index, which has fallen for two consecutive trading days, further bolstering gold's upward momentum.
On the 4-hour chart, prices continue to trade along the upper Bollinger Band. Despite a slight pullback early on, they have rebounded strongly, with current support levels moving up to around 4240-4230. Bullish momentum remains strong in the short term. Quaid believes the trading strategy remains focused on buying on pullbacks. However, caution is advised when following orders mid-trade to prevent sudden price pullbacks from causing losses. Please follow our channel for more real-time trading strategies.
Trading Strategy:
Buy in batches between 4240 and 4230, with a 10-point stop-loss. Profit range: 420-4280-4300.
Trade ideas
GOLD (XAU/USD) SHORT OutlookTechnical Overview:
Gold has reached a new all-time high (ATH) around $4,230, showing signs of exhaustion after a strong parabolic rally. Based on the chart, a double-top or corrective structure is expected to form before a major retracement. The two Take Profit zones are identified near $4,000 (TP1) and $3,780 (TP2), where key liquidity and demand zones exist.
Key Reasons for SHORT Entry:
Ceasefire Progress (Israel–Palestine Conflict)
Ongoing peace and ceasefire negotiations are likely to reduce geopolitical tensions that previously fueled gold’s safe-haven demand.
As risk sentiment improves, investors may rotate capital back to equities and risk assets, putting downward pressure on gold.
Peace Meeting with Donald Trump in the Middle East
Reports of a potential peace summit involving Donald Trump in the Middle East have further boosted hopes for regional stability.
Political optimism typically reduces demand for safe-haven assets like gold.
Overextended Rally – “GOLD ATH Too High”
The current rally has pushed gold far above its fundamental fair value, forming an overbought structure on both the daily and 4H timeframes.
A technical correction is highly probable as large institutions take profits near the ATH levels.
Trading Plan:
Entry Zone: Near $4,200–$4,250
Take Profit 1: $4,000
Take Profit 2: $3,780
Stop Loss: Above $4,280 (previous high)
Bias: SHORT / SELL
Summary:
With easing geopolitical risk, improving global sentiment, and overextended price action, gold is expected to enter a corrective phase. Traders should monitor the $4,000 and $3,780 zones for potential reaction points or continuation signals.
Steven-GoldTrading – XAUUSD: End of Wave 5Steven-GoldTrading – XAUUSD: End of Wave 5, Awaiting Powerful ABC Correction Wave
Hello trading community, Gold continues to make waves as it extends its record-breaking rally, setting a new all-time high above 4,240 USD. However, after a strong upward cycle, technical signals indicate a short-term correction wave (ABC Wave) is forming to gather liquidity before the uptrend resumes.
🧭 Technical Analysis (30m Chart – XAUUSD)
Based on the 30-minute chart, the price structure suggests the possibility of:Completing Elliott Wave: Gold appears to have finished the 5th Impulse Wave cycle (Elliott Wave 5), reaching the peak area near 4240 USD.
ABC Wave Forming: After Wave 5, the market tends to enter a correction phase following the ABC Wave pattern.
Wave A: Has formed from the peak of Wave 5 to the 4200 USD area.
Wave B: Currently unfolding (recovering upwards).
Wave C: The preferred scenario is a deeper corrective decline to the Buy Support area to gather enough liquidity for the next upward move.
Liquidity Areas to Watch:Sell Resistance (Sell Scalping): Around 4240 – 4270 USD. This is the technical peak and the final resistance of the price channel, ideal for scalping sales.Buy Support: Area 4170 – 4180 USD. This is a crucial support zone where Wave C is expected to end, triggering the next upward move.
🎯 Intraday Trading Scenario (Europe & US)
Today's preferred scenario is to watch for selling (Sell) to catch the correction wave and then watch for buying (Buy) at the strong support area.
📉 Sell Scalping (Priority to sell to catch Wave C correction)
Based on the expectation that the price will complete Wave B and begin Wave C decline to gather liquidity.📍 Entry: 4266 – 4268 (Watch for selling at the channel peak resistance)
🛑 SL: 4275
🎯 TP: 4245 - 4222-4210.5 (Targeting the temporary support area)
📈 Buy Swing (Following the main trend)Wait for a deep correction to the critical liquidity area before the price rises again.
📍 Entry: 4181 – 4183 (Buy Support area – where Wave C ends)
🛑 SL: 4175
🎯 TP: 4190 - 4205 - 4233 - 4250 (Targeting to break the peak)
📌 Fundamental View & Conclusion
Main Driver: Gold prices remain firm near historical highs due to sustained safe-haven demand and expectations that the Fed will cut interest rates in the future (long-term supportive factor).Conclusion: Gold is in a short-term technical correction phase (ABC Wave) during the European and US sessions to consolidate the foundation before continuing its upward trend. 4180 USD is an extremely important liquidity area to trigger a new upward move.
👉 Follow me for detailed updates as the price approaches the outlined Entry areas!
GOLD Ready for the Next Wave! What is the Optimal Fibo BUY ZONE🎯 Macro Summary & Bias: Safe-Haven Demand is Fueling the Rally
Gold is extending its rally, trading near $4,210 in early Asian trading on Thursday.
Key Drivers: The precious metal is attracting buyers near a new record high, driven by expectations that the Fed will cut interest rates again this month and trade tensions which continue to boost demand for safe-haven assets.
Fed Focus: Traders will be watching closely for signals from Fed speakers (Michael Barr, Stephen Miran, Christopher Waller, and Michelle Bowman) later on Thursday.
Structural Bias: The long-term upward structure for Gold remains stable. For today's short-term session, Gold is likely to see a slight correction to test crucial price levels marked by FIBO before activating BUY entries based on Fibo retracement and extension zones.
📊 Technical Analysis (H1): Defining the Fibo BUY Activation Points
Our primary strategy is to PRIORITIZE WAITING FOR PRICE TO APPROACH THE IMPORTANT LEVELS NOTED BY AD TO LOOK FOR BUYS. We are hunting for corrective zones to trigger Long entries based on Fibo retracement and further Fibo extension targets.
(Referencing the Fibo Reaction Zone Logic from image_e51183.png):
1. Strategic BUY Zones (FIBO BUY REACT ZONES):
These are strong support zones where we will enter Long trades following the primary trend:
Zone Price Range Description & Action
BUY ZONE 1 (FIBO Retrace) 4194 - 4190 A critical Reaction Fibo Buy Zone. Ideal for catching a short-term BUY bounce.
BUY ZONE 2 (Order Block/Demand) 4,145.676 (±) A stronger BUY ZONE GOLD - Order BUY. If BUY ZONE 1 fails, this is the next high-potential entry point.
BUY ZONE 3 (FIBO Extension) 4124 - 4120 A Reaction Fibo Extension Buy Zone. The strategic entry for a stronger, deeper long trade.
2. Sell/Take-Profit Zone (SELL ZONE):
Zone Price Range Description & Action
SELL TARGET (FIBO Ext.) 4264 - 4268 The Reaction Fibo Extension Sell Zone. AD Note: Sells should only be short-term and we should wait for the strong Fibo reaction zone at 426x.
📈 TODAY'S ACTION PLAN (H1)
Primary Action (Prioritize BUY):
Wait for the slight correction to approach the Reaction Fibo Buy Zone 4194 - 4190.
Upon confirmation with H1/M30 reversal candles, activate the BUY entry with the TP aimed at 426x.
Deep Correction Scenario: If BUY ZONE 1 is broken, patiently wait at BUY ZONE GOLD 4,145.676 or 4124 - 4120 to initiate a more aggressive long position.
⚠️ Risk Warning (SL): Sells should only be short-term and we should wait for the strong Fibo reaction zone at 426x. Always place a safe Stop Loss (SL) below the nearest active BUY ZONE to protect capital.
Wishing all FranCi$$_FiboMatrix traders a disciplined and highly profitable day!
October 15th Gold and Forex AnalysisOctober 15th Gold and Forex Analysis
Viewpoint: The current international spot gold price is around 4190. Today's high of 4218 represents a $76 increase from the previous trading day. While the increase is not significant compared to the past few days, this surge was driven by Powell's remarks and the continued US government shutdown. The current market rally may be accelerating, or it could be the final frenzy (due to sudden negative news). I would like to remind everyone to set a stop-loss order to protect your principal.
Technical Analysis
Daily Chart Level: Following an Upward Cycle
1. Trend and Rhythm: The daily chart closed with a full, large bullish candlestick, confirming a strong bullish pattern. The market is currently following a typical upward cycle: consecutive rising highs -> consolidation at high levels -> a single bearish pullback -> continued upward momentum.
2. Key Positions:
Resistance: The current price has broken through the previous high, and there is currently no clear resistance above. Focus on inertial upward momentum. Support: 4100 (the 5-day moving average moving up tomorrow) has become the core lifeline of the current bullish trend. The second highest support level is 4050 (the 10-day moving average).
3. Future Forecast:
Today (Wednesday) is likely to see another positive close, continuing the strong trend.
Tomorrow (Thursday), be highly alert to the possibility of a single-day bearish pullback, targeting a test of the 5-day moving average support level near 4100 yuan/gram.
If a pullback occurs, it should be viewed as a "squat and jump" opportunity, a rare opportunity to enter the market at a low point within the trend.
4-Hour Level: Keep a close eye on the moving average support.
1. Current Trend: This cycle exhibits a "consecutive bullish and single-day bearish" pattern of forced gains, with the moving average system showing a perfect bullish alignment.
2. Dynamic Support:
Strong Support: 4180 (the current 5-period moving average). As long as the price remains above this line, the market remains extremely strong.
Key Support: 4156 (the current 10-period moving average). This is a short-term watershed between bulls and bears. Only a significant break below this level would signal the end of this short squeeze rally, ushering in a deep correction toward the middle band.
Note: The above support levels will shift upward rapidly over time and require dynamic tracking.
Hourly Level: High-Level Oscillation
1. Intraday Trend Review: The strong rally in the Asian session exceeded expectations. After accurately touching 4218 (the upper band of the hourly chart channel) in the European session, the price plummeted to 4165 before rebounding, confirming the effectiveness of the channel resistance.
2. Night Trading Range:
Upper Resistance: 4220 - 4225 (derivative of the upper band of the channel). If this area is touched, monitor for signs of resistance and attempt a short-term short position.
Lower Support: 4170 (the middle band of the hourly chart and the previous channel retracement point). If it falls back to this area, monitor for signs of stabilization, using it as an entry point for intraday long positions.
Strategy: The market is likely to fluctuate strongly at high levels. We recommend looking for opportunities to buy low and sell high near resistance and support levels, focusing on short-term trading.
Trade with caution and manage risk. Best of luck!
Gold (XAU/USD) Analysis:Gold continues to move within a strong bullish trend, with two key buy zones to watch:
🟢 First zone: Around 4180 (PDH) – potential short-term bounce area.
🟢 Second zone: Around 4135 – the stronger buy area if a deeper pullback occurs.
🔸 The overall trend remains bullish as long as the price stays above 4090 (red zone).
🔻 However, a confirmed break below 4090 could shift focus toward potential selling opportunities.
Impact of Central Bank Policies on Global Indices1. Interest Rate Decisions and Stock Market Valuations
One of the most direct ways central banks affect global indices is through interest rate policy. When a central bank such as the U.S. Federal Reserve, European Central Bank (ECB), or Bank of Japan changes benchmark interest rates, it impacts corporate profitability and investor sentiment.
Rate cuts make borrowing cheaper, stimulating business expansion and consumer spending. This boosts earnings expectations, leading to higher stock prices and rising indices such as the S&P 500 or FTSE 100.
Rate hikes, on the other hand, increase borrowing costs, reduce spending, and pressure profit margins, leading to a bearish sentiment across global markets.
Thus, the direction of central bank rates often sets the tone for short- to medium-term movements in global indices.
2. Quantitative Easing (QE) and Liquidity Injection
During economic downturns, central banks often implement Quantitative Easing (QE)—the purchase of government and corporate bonds to inject liquidity into the financial system.
This policy increases the money supply, lowers long-term interest rates, and encourages investment in riskier assets like equities.
For example, the Federal Reserve’s QE programs after the 2008 financial crisis and during the COVID-19 pandemic led to massive rallies in global indices such as the NASDAQ, Dow Jones, and MSCI World Index.
Increased liquidity often pushes investors toward stocks, resulting in higher valuations and stronger index performance globally.
3. Tapering and Liquidity Withdrawal
Conversely, when central banks begin tapering QE or reducing asset purchases, it signals a tightening monetary stance. Markets perceive this as a withdrawal of easy money, often leading to volatility.
The “Taper Tantrum” of 2013, when the Federal Reserve hinted at slowing its bond purchases, caused global bond yields to spike and emerging market indices to decline sharply.
Tapering reduces the availability of cheap capital, which can deflate overvalued markets and cause corrections across global indices.
4. Currency Exchange Rate Impacts
Central bank actions significantly influence foreign exchange rates, which in turn affect multinational companies and stock market indices.
For instance, a strong U.S. dollar resulting from higher Federal Reserve interest rates can hurt U.S. exporters, leading to declines in indices such as the Dow Jones and S&P 500.
Conversely, a weaker yen due to the Bank of Japan’s accommodative policy benefits Japanese exporters, pushing the Nikkei 225 higher.
Exchange rate movements impact global trade competitiveness, profits, and valuations—key factors in index performance.
5. Inflation Control and Market Stability
A central bank’s mandate often includes maintaining price stability. When inflation rises beyond targets, banks respond by tightening policy (raising rates or reducing liquidity).
High inflation reduces purchasing power and increases input costs for companies, which negatively impacts profit margins and stock valuations.
For example, aggressive rate hikes by the Federal Reserve in 2022–2023 to combat inflation led to declines in major indices like the NASDAQ Composite and S&P 500.
Conversely, successful inflation management fosters confidence, encouraging investors to re-enter equity markets.
Thus, inflation control directly affects both short-term volatility and long-term market stability.
6. Impact on Bond Yields and Equity Valuation Models
Central bank policy decisions influence bond yields, which are critical to equity valuation models.
When central banks lower rates, bond yields fall, and the discount rate used in valuing future corporate earnings decreases. This leads to higher present values of future cash flows, making equities appear more attractive.
In contrast, rising yields due to policy tightening make bonds more competitive with stocks, often prompting a rotation from equities to fixed income.
This dynamic is visible across global indices, where valuation multiples (like P/E ratios) expand or contract depending on central bank yield policies.
7. Investor Sentiment and Global Risk Appetite
Central bank communication—through forward guidance and policy statements—greatly influences investor sentiment and global risk appetite.
Dovish statements (indicating a preference for low rates and economic support) often boost investor confidence and lead to index rallies.
Hawkish tones (signaling tightening or rate hikes) can trigger sell-offs as investors anticipate slower growth.
Markets often react more to the tone and outlook of central bank meetings than to the actual rate changes. The Federal Reserve’s or ECB’s policy stance thus sets the mood for global equity performance.
8. Global Spillover Effects and Policy Synchronization
In today’s interconnected world, central bank actions have global spillover effects.
For instance, when the U.S. Federal Reserve raises rates, capital often flows from emerging markets to the U.S. in search of higher returns. This leads to depreciation of emerging market currencies and declines in their stock indices.
On the other hand, synchronized easing policies—as seen during the 2020 pandemic—can drive global liquidity surges and push indices across continents to record highs.
Thus, the coordination (or lack thereof) among major central banks—Fed, ECB, BoJ, and PBoC—affects not just domestic markets but global equity trends.
9. Sectoral Impacts within Indices
Central bank policies impact different sectors of an economy unevenly, influencing the composition of index performance.
Financial sector stocks (banks and insurers) generally benefit from higher interest rates as they improve lending margins.
Technology and growth stocks, however, tend to perform better in low-rate environments where borrowing is cheap and future growth is highly valued.
Therefore, changes in monetary policy can shift the leadership within global indices, with cyclical or defensive sectors taking turns depending on policy stance.
10. Long-Term Structural Implications
Finally, central bank policies have long-term structural effects on market valuation, risk perception, and investor behavior.
Prolonged periods of ultra-low interest rates can lead to asset bubbles, excessive leverage, and distortions in capital allocation.
On the other hand, consistent and transparent policy frameworks strengthen financial stability, foster sustainable growth, and create confidence in long-term investments.
For example, the credibility of the U.S. Federal Reserve’s inflation targeting has historically anchored investor trust, supporting steady growth in indices like the S&P 500 over decades.
Thus, beyond short-term volatility, central bank credibility shapes the very foundation of global financial markets.
Conclusion
The impact of central bank policies on global indices is profound and multifaceted. From influencing interest rates and liquidity to shaping investor psychology and cross-border capital flows, central banks are the key architects of modern financial stability. Their actions ripple through bond, currency, and equity markets—driving both short-term volatility and long-term trends.
Ultimately, understanding central bank policy decisions is essential for investors, traders, and analysts seeking to interpret the movement of global indices. In an interconnected global economy, the pulse of equity markets beats in rhythm with central bank policy shifts—making monetary policy one of the most powerful forces in global finance.
Gold trading strategy | October 14-15✅ From the overall structure, gold is still moving within an upward channel, with the previous high around 4179 remaining a key short-term resistance level. Although selling pressure above has increased, the price continues to trade steadily above all major moving averages (MA5, MA10, MA20, MA60), indicating that the main bullish trend remains intact.
✅ On the 4-hour chart, the moving averages MA5 and MA10 maintain an upward slope, while MA20 and MA60 continue to rise, forming a standard bullish alignment — showing that the medium-term uptrend is still intact.
Currently, the price is moving above MA5 and MA10, suggesting that the bulls still have the upper hand.
The upper Bollinger Band is near 4196, and the middle band is around 4058. The price is moving between the middle and upper bands, indicating a strong consolidation zone. In the short term, gold may continue oscillating between 4120–4180, building momentum for a potential breakout above 4190.
As long as it does not fall below the middle band or MA20 (around 4050–4060), the overall bullish trend remains intact.
✅ On the 1-hour chart, gold is currently holding steady around 4145–4150, showing high-level consolidation in the short term. If the price holds above MA10 (around 4132), there is potential for another rebound toward the 4160–4175 range.
The upper Bollinger Band near 4165 forms short-term resistance, while the lower band around 4104 provides support. The middle band (around 4134) serves as a key support level.
If the middle band holds, the short-term rebound could continue; if it breaks, deeper correction may follow.
The 1-hour structure indicates that gold is undergoing high-level sideways correction, with short-term direction still unclear. If 4130–4120 support holds, gold is likely to extend its upward move; if it breaks below, a further pullback toward 4100–4085 could occur.
🔴 Resistance Levels: 4165–4175 / 4185–4190
🟢 Support Levels: 4130–4120 / 4100–4085
✅ Trading Strategy Reference:
🔰 If gold pulls back to the 4120–4130 zone and holds steady, consider building long positions in batches, targeting 4160–4175, with a stop loss below 4105.
🔰 If gold rises to the 4175–4185 area and faces resistance, consider light short positions, targeting 4135–4120, with a stop loss above 4190.
🔥Trading Reminder: Trading strategies are time-sensitive, and market conditions can change rapidly. Please adjust your trading plan based on real-time market conditions.
Gold remains strong. Should we continue to go long?After hitting an all-time high of 4179.47, gold fell sharply to around 4090. It is currently bottoming out and fluctuating around 4151. US President Trump's shifting stance on tariffs continues to boost market risk appetite. Coupled with the emergence of bargain-hunting in the US dollar, this has led to profit-taking in gold amidst severely overbought conditions.
The economic uncertainty caused by the prolonged US government shutdown, the resurgence of trade tensions, and the risk of escalating conflict between Russia and Ukraine are likely to continue supporting safe-haven gold, suggesting that gold bears should exercise caution.
On Monday, gold began its upward trend from 4025, reaching a high of 4115 in US trading, a 90-point increase. The market did not offer most traders the opportunity to go long on a pullback, and gold continued its upward trend on Tuesday.
Undoubtedly, the current trend necessitates a continued bullish stance. Focus on the strong support range of 4100-4080, which is a key support level. If prices fall back into this range, there is no problem maintaining a long position, but it remains to be seen whether prices can break back into this area.
From the 1-hour chart, MA5, 10, and 20 gradually converge around 4130, and there are signs of crossing upward. At the same time, this area is also the current position of the middle track of the Bollinger band. In the short term, if the price cannot pull back to the support area near 4100, you can also try to perform long operations around 4130. Quaid believes that if gold begins to rise around 4130, the high around 4180 could be re-broken.
Trading Strategy:
Buy in batches between 4100 and 4080, with a stop-loss at 4070 and a profit range of 4050-4180.
Aggressive Trading: Go long around 4130, with a profit range of 4180 or above.
XAUUSD STRUCTUREGold prices are once again testing top resistance levels, extending the historic rally as investors continue to seek safe-haven assets amid a global liquidity squeeze in the London market.
Currently, XAU/USD remains elevated, with recent highs approaching the 4,100 zone. A short-term pullback is possible due to overbought conditions; however, as long as the price holds above the key support levels, the bullish momentum is likely to continue.
If gold maintains support and breaks above its previous high, further upside towards new record levels could follow.
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XauusdMarket setup bulli forming. This is a trading plan for \mathbf{Gold} (\mathbf{XAU/USD}) for a \mathbf{Buy} trade.
Trade: \mathbf{Buy} (Go Long)
Entry Price: Around 4,091.73
Stop Loss (S/L): 4,081.52
Target (T/P): \mathbf{4,179.98}
Summary: The chart suggests waiting for Gold to dip to the \mathbf{4,091} support level, and then buying it for a potential move up to \mathbf{4,179}. It's a high reward setup with a strict stop loss in place
XAUUSDPrice Action Trading is a method of financial market analysis where traders make buying and selling decisions solely based on the asset's price movements over time, without relying on technical indicators.
It's essentially the art of reading a "naked" or clean chart to understand the psychology and behavior of market participants.
GOLD (XAUUSD) PLUMMETS 60 PRICES – Where Are the Fibo Lifelines🎯 EMERGENCY SUMMARY: Unexpected Crash & Deep Correction Ahead
The Gold market has just experienced a massive and unexpected dump, crashing sharply from the 416x region straight down to 411x (a 60-point drop!). This volatility is likely fueled by heightened geopolitical tension rhetoric. Our immediate forecast suggests a high probability of a continued, deep correction.
📊 TECHNICAL STRATEGY (H1/M30): Defining the Fib React Zones
In this volatile and sudden drop scenario, our priority is to identify the critical, high-probability FIBO REACTION ZONES where a temporary bounce or a deeper reversal could occur. We must avoid chasing the price and wait for the market to hit our calculated levels.
1. SELL SCALP Zones (Where Price May Bounce Up for a Short Entry):
We will look to use these zones as potential short-term selling opportunities if the price attempts a correction back up, aligning with the new bearish momentum:
SELL SCALP Zone 1: Focus on the 407x region (4,077.605). If price retraces here, look for a bearish rejection signal to initiate a SCALP SELL.
SELL SCALP Zone 2 (Former Support Turned Resistance): The 405x area (4,048.493), which was a previous key Fibo Buy Zone, is now expected to act as strong resistance after the breakdown.
2. CRITICAL BUY REACT Zones (Where the Deep Correction May End):
We must now wait for the price to reach the deeper, unconfirmed Fibo support levels. These are the zones where a major rebound might be possible:
We must wait for confirmation and allow the market to establish these new support levels. We are strictly observing for the strong, trend-conforming FIBO REACTION zones that the AD has noted for our members.
📈 OPTIMAL ACTION PLAN (TODAY)
Action (OBSERVE/SCALP SELL): The market is extremely volatile. Our primary action is to wait and observe for the price to hit those calculated reaction areas.
Scalping Opportunity: If the price rallies back into the 407x or 405x zones, consider a SCALP SELL if you see clear reversal candle patterns.
Bottom Fishing (BUY): Only initiate a BUY trade when the price hits the deeper Fibo support zones (to be updated by AD) and gives a clear, strong BUY REACT signal.
⚠️ URGENT ALERT & RISK MANAGEMENT:
Constant Updates Required: The AD will continuously update the next price movements and new zones for the community.
Extreme Risk: With a 60-point drop, the risk is enormous. Maintain strict discipline and implement rigorous money management immediately!
Wishing all FranCi$$_FiboMatrix traders a calm and clear-headed day!
Gold Intraday Trading Plan 10/14/2025As mentioned yesterday, gold was about to break 4057 and it indeed happened. After breaking the resistance, it climbed slowly to 4117 and closed the day above 4100. The rise above 4057 is very slow and there could be some retrace coming for today. However, the bull is dominating and I do not advise any selling orders below 4150.
Therefore, I will look for buying opportunities from 4060, targeting 4150 for today.