XAUUSD-GOLD 1H Chart—SELL Setup with 3 Profit TargetsHello Guys,
Here’s my 1-hour XAUUSD-GOLD analysis for you.
These are the exact SELL levels I’ll be watching:
🔵SELL level: 4285.9
🔴 Stop level:4335.3 (or adjust based on your own margin)
🟢 TP1: 4264.8
🟢 TP2: 4232.1
🟢 TP3: 4185.0
Risk-to-reward ratio on this setup: 2.05
If XAUUSD-GOLD reaches these levels, I’ll definitely take a SELL position.
Every like is my biggest motivation to keep sharing these analyses.
Thanks to everyone supporting me!
Trade ideas
#XAU/USDT Bullish Reversal from Key Support Zone Targeting 4,3#XAU
The price is moving within a descending channel on the 1-hour frame, adhering well to it, and heading for a strong breakout and retest.
We have a bearish trend on the RSI indicator that is about to be broken and retested, which supports the upward move.
There is a major support area in green at 4150, which represents a strong support point.
We are heading for consolidation above the 100 moving average.
Entry price: 4253
First target: 4294
Second target: 4331
Third target: 4385
Don't forget a simple matter: capital management.
When you reach the first target, save some money and then change your stop-loss order to an entry order.
For inquiries, please leave a comment.
Thank you.
XAUUSD STRCTUREGold continues to show consistent bullish momentum, maintaining clean rebounds from its ascending trendline structure. The price action remains well-respected within the current bullish channel.
Recently, price broke above the key resistance level at 4200, confirming continued buying strength. With this breakout, upside targets are now seen around the 4260–4280 region, where the next potential resistance zone lies.
If price breaks and holds above 4240, it could signal renewed bullish momentum, paving the way for a further move toward higher resistance zones. However, failure to sustain above 4240 could lead to a short-term pullback toward 4200–4180 for possible re-entry opportunities.
"Thank you for your support! If you found this idea valuable or learned something new, please consider liking and leaving a comment. I’d really appreciate hearing your feedback and thoughts."
Gold's high-level volatility pattern remains unchangedGold's high-level volatility pattern remains unchanged, with bulls still in the driver's seat, supported by both fundamentals and technical factors.
Fundamental Background Analysis
Recently, heightened global economic and political uncertainty, renewed tensions in the Sino-US trade situation, and ongoing geopolitical conflicts in the Middle East have significantly heightened risk aversion in the market, leading to continued inflows into gold. Meanwhile, market expectations for a Federal Reserve rate cut have further strengthened, fueled by investors' fear of missing out (FOMO), leading to a strong upward trend in gold prices. Tonight, the market will release key data such as US weekly initial jobless claims, September's producer price index (PPI), and the monthly retail sales rate. These data may trigger short-term fluctuations in gold prices and warrant close attention.
Daily Trend Review
Gold prices generally fluctuated at high levels today. After opening slightly, they dipped back to a low of $4,199.58 per ounce, then surged to $4,242 before falling back to around $4,203, close to the morning opening level. Gold prices have now rebounded to around $4,240, indicating continued competition between bulls and bears at high levels, but the overall market structure remains positive.
Technical Analysis Perspective
Trend Structure
On the 4-hour chart, the moving average system is bullish, and gold prices continue to trade above the 5-day moving average, indicating that short-term upward momentum remains solid.
The Bollinger Bands are opening upward, and gold prices are trading above the middle band, further confirming that bulls are currently in control.
After breaking through the key round number of $4,200, gold prices have effectively opened up upside potential, and the overall trend remains bullish.
Key Price Levels
Support Area: Primary support lies in the 4200-4210 range, with deeper support at 4160 and 4120, respectively.
Resistance Target: If the upward trend continues, the initial target could be the 4260-4280 area.
Trend Pattern Prediction
Strong Unilateral Upward Attack: If the market rises directly in the early trading, it may quickly test the 4260-4280 area. In this case, it is recommended to wait for a pullback before entering the market.
Upward Oscillating Trend: If the trend becomes more subdued, the area around 4200 will become important support and an ideal entry point for long positions.
Trading Strategy Recommendations
Key Concept: Follow the bullish trend and prioritize buying on dips, avoiding contrarian top speculation.
Specific Operations:
We recommend establishing long positions in the 4210-4200 range, and consider adding to positions if the price drops to 4180.
Set a strict stop-loss below 4170 to mitigate potential pullback risk.
Upward targets include 4230 and 4250, with further targets targeting 4260.
Risk Warning: Despite the current strong trend, be wary of potential sentiment shifts on Thursday, a potential "turnaround day." In the event of an unexpected pullback, 4160 and 4120 will become key defensive levels, offering opportunities for buying on dips.
Summary: Gold maintains a clear overall bullish outlook, supported by both fundamentals and technicals. Investors should pay attention to the immediate impact of the release of US economic data in the evening on market sentiment, strictly follow the principle of trend trading, seize opportunities to intervene in pullbacks, and at the same time do a good job of position management and risk control.
Gold experienced a technical pullback after reaching a record hiGold experienced a technical pullback after reaching a record high, but its long-term trend remains supported.
I. Fundamental Drivers Analysis
On Tuesday (October 14th), spot gold retreated from its all-time high of $4,179.47 per ounce and is currently trading around $4,141. This pullback is primarily driven by the following factors:
Recovering risk sentiment: The US President's shift in stance on tariffs boosted market risk appetite, prompting some profit-taking in gold.
A temporary rebound in the US dollar: Dip-buying of the US dollar index has exerted short-term pressure on gold prices.
Policy Expectations Support: Market expectations for two Federal Reserve rate cuts this year continue to rise, limiting the dollar's upside and providing underlying support for gold.
Risk Warning: Economic uncertainty, trade tensions, and geopolitical conflict risks caused by the US government shutdown remain. Gold's safe-haven value remains strong, and blind short selling is not recommended.
II. In-depth Technical Analysis
Trend Positioning
Gold's year-to-date gain has exceeded $1,600, a record high, maintaining a strong bullish trend.
The current technical outlook is severely overbought, and any pullback is a healthy technical correction that does not alter the long-term bull market fundamentals.
Key Price Levels
Resistance: $4170-4180 (historical highs)
Support: $4100-4090 (primary support), $4065 (key defense)
Trend Characteristics
Recently, the market has exhibited a typical "Monday opening jump" pattern, which has proven effective for several consecutive weeks.
Be wary of the potential for a technical pullback on Tuesday (reflecting historical trends, single-day pullbacks can reach $80).
III. Trading Strategy Recommendations
Operational Strategies
Main Direction: Build a long position after a pullback stabilizes
Secondary Strategy: Test short positions with a small position on a rebound to resistance (short-term)
Specific Layout
Long Position Strategy:
Ideal Entry Zones: $4100-4090, $4065
Stop-Loss: Below $4050
Target Level: $4150-4170
Risk Management Tips:
Avoid chasing gains and selling losses; patiently wait for key support levels to stabilize.
If an ideal entry level is not provided, it is better to miss out than to open a position blindly.
Strictly limit risk per trade to no more than 3% of principal.
IV. Special Reminders
Current market volatility has increased significantly; it is recommended to reduce position size appropriately.
Watch for potential market turning signals during the evening US trading session.
Long-term investors may consider adopting a phased position building strategy.
GOLD 11% DROP 2nd times the charmLast call resistance but i guess with the global sinking in all assests that took place it decided to go higher as everyones safest bet amid such bearish unsion within all sectors, instruments, nations
so this time im expecting the tank if not here ill update where to again
XAUUSD Analsis todayHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Financial Crises, Contagion, and Systemic Risk1. Introduction
Financial crises have been recurring features of the global economy, often bringing devastating consequences to nations, markets, and households. The 2008 Global Financial Crisis (GFC), the 1997 Asian Financial Crisis, and the 1930s Great Depression are stark reminders of the fragility of financial systems. These crises are not isolated events but often spread across markets and borders through interconnected channels—a phenomenon known as financial contagion. Underlying these episodes is the concept of systemic risk, which captures the potential for a local shock to destabilize an entire financial system.
Understanding the dynamics of financial crises, contagion, and systemic risk is vital for investors, policymakers, and regulators. This essay explores the causes, mechanisms, and implications of financial crises, the pathways of contagion, and the nature of systemic risk in the modern, globalized financial landscape.
2. Understanding Financial Crises
2.1 Definition and Nature
A financial crisis occurs when financial markets or institutions experience a sharp loss of value and functionality, leading to disruptions in credit flows, liquidity shortages, and sharp declines in asset prices. Crises can arise in various forms—banking crises, currency crises, sovereign debt crises, or asset price bubbles.
According to economists Carmen Reinhart and Kenneth Rogoff, financial crises share a “this-time-is-different” mentality, where excessive optimism blinds investors and policymakers to risks. Typically, a period of financial boom, high leverage, and speculative investment precedes a crisis, which eventually ends in panic and market correction.
2.2 Historical Context
The Great Depression (1929–1939): Triggered by a stock market crash in the U.S., it led to global economic contraction, massive unemployment, and bank failures.
The Asian Financial Crisis (1997–1998): Began in Thailand with the collapse of the baht and spread rapidly across Southeast Asia due to investor panic and capital flight.
The Global Financial Crisis (2008): Originating in the U.S. housing market and subprime mortgage sector, it spread worldwide due to the interconnectedness of global finance.
Each episode demonstrated how vulnerabilities in one part of the financial system can trigger chain reactions across sectors and borders.
3. Causes of Financial Crises
Financial crises arise from a combination of microeconomic behaviors and macroeconomic imbalances. Major causes include:
3.1 Excessive Leverage and Risk-Taking
Financial institutions often increase leverage—borrowing more relative to their equity—to amplify returns. However, when asset prices decline, leverage magnifies losses, threatening solvency. In 2008, investment banks like Lehman Brothers were highly leveraged (30:1), making them extremely vulnerable to market downturns.
3.2 Asset Bubbles
Speculative bubbles occur when asset prices rise far beyond their intrinsic value due to investor exuberance. When expectations reverse, the bubble bursts, triggering widespread losses. Classic examples include the dot-com bubble (2000) and the U.S. housing bubble (2006–2007).
3.3 Maturity and Liquidity Mismatch
Banks typically fund long-term loans with short-term deposits. When confidence erodes, depositors may withdraw funds en masse—a bank run—leading to liquidity crises. The collapse of Northern Rock in 2007 exemplified this mismatch.
3.4 Poor Regulation and Moral Hazard
Financial liberalization without adequate regulation often encourages excessive risk-taking. Moral hazard arises when institutions believe they are “too big to fail” and expect government bailouts, thus engaging in reckless behavior.
3.5 External Shocks
Global events—such as sharp oil price changes, geopolitical tensions, or pandemics—can also trigger financial crises by affecting investor sentiment, capital flows, and market stability.
4. Contagion: The Spread of Financial Crises
4.1 Definition and Mechanisms
Financial contagion refers to the spread of financial shocks from one institution, market, or country to others. It represents the “domino effect” in financial systems, where panic or losses in one region transmit rapidly across the globe.
Contagion operates through both real and financial channels:
Real channels involve trade linkages—declining demand in one country affects exports of trading partners.
Financial channels involve capital flows, asset correlations, and investor behavior.
4.2 Channels of Contagion
Common Investors: International funds holding assets in multiple countries may sell holdings across markets during crises, causing synchronized declines.
Bank Linkages: Global banks with cross-border exposures transmit shocks through the interbank lending market.
Exchange Rate and Interest Rate Movements: Currency devaluations in one country can pressure neighboring countries to devalue or raise interest rates.
Investor Herding and Panic: Behavioral contagion occurs when investors mimic others, driven by fear and uncertainty.
Information Asymmetry: Lack of transparent information leads investors to generalize risk across regions, withdrawing capital indiscriminately.
4.3 Examples of Financial Contagion
Asian Financial Crisis (1997): Thailand’s currency collapse spread rapidly to Malaysia, Indonesia, and South Korea, even though fundamentals differed.
Global Financial Crisis (2008): The fall of Lehman Brothers triggered global panic, freezing credit markets and causing stock markets worldwide to plunge.
European Sovereign Debt Crisis (2010–2012): Fiscal problems in Greece affected bond markets in Portugal, Spain, and Italy due to shared eurozone exposure.
4.4 Empirical Evidence
Empirical studies show that contagion tends to intensify during crises due to rising correlation between asset returns. For instance, during 2008–2009, correlations among global equity markets surged, reducing diversification benefits and amplifying systemic risk.
5. Systemic Risk: The Core of Financial Fragility
5.1 Definition
Systemic risk is the risk that the failure of a single financial institution or market segment will cause cascading failures, threatening the stability of the entire financial system. It arises from interconnectedness, complexity, and common exposures across institutions.
According to the Bank for International Settlements (BIS), systemic risk embodies “the risk of disruption to financial services caused by impairment of all or parts of the financial system, with potential serious negative consequences for the real economy.”
5.2 Sources of Systemic Risk
Interconnected Financial Networks: Banks, hedge funds, and insurers are linked through lending, derivatives, and payment systems.
Too-Big-to-Fail (TBTF) Institutions: Large institutions like JPMorgan or Citigroup can cause systemic collapse if they fail, leading to government intervention.
Shadow Banking System: Non-bank entities engaged in credit intermediation (e.g., money market funds, securitization vehicles) lack regulatory oversight but carry significant risk.
Procyclicality: During booms, leverage and asset prices rise together, but when the cycle reverses, the same mechanisms amplify losses.
5.3 Models of Systemic Risk
Network Models: Analyze how financial linkages transmit shocks. A dense network can either absorb small shocks or spread large ones rapidly.
CoVaR (Conditional Value at Risk): Measures how much one institution contributes to system-wide risk.
SRISK: Estimates the capital shortfall a financial institution would face during systemic crises.
5.4 Examples of Systemic Risk in Action
Lehman Brothers (2008): Its bankruptcy triggered a liquidity freeze across the global financial system, forcing governments to rescue other institutions.
AIG (2008): The insurer’s exposure to credit default swaps (CDS) required a $182 billion U.S. government bailout to prevent global contagion.
Long-Term Capital Management (1998): A hedge fund with massive leveraged positions almost caused systemic failure before coordinated central bank intervention.
6. The Role of Central Banks and Governments
6.1 Lender of Last Resort
Central banks play a critical role in crisis management by providing emergency liquidity to solvent but illiquid banks. The U.S. Federal Reserve’s interventions in 2008—such as the Term Auction Facility and quantitative easing—helped restore liquidity and confidence.
6.2 Fiscal Support and Bailouts
Governments may provide capital injections, guarantees, or nationalizations to stabilize critical institutions. The Troubled Asset Relief Program (TARP) in the U.S. and European Stability Mechanism (ESM) in the eurozone exemplify such efforts.
6.3 International Cooperation
Institutions like the International Monetary Fund (IMF) offer financial assistance and policy advice during crises. Coordination among central banks (e.g., swap lines) helps stabilize global liquidity.
7. Preventing and Managing Systemic Crises
7.1 Macroprudential Regulation
Regulators now focus on systemic stability rather than individual institutions. Tools include:
Countercyclical capital buffers
Liquidity coverage ratios
Stress testing
Leverage limits
7.2 Resolution Mechanisms
The creation of resolution frameworks ensures that failing institutions can be wound down without taxpayer bailouts. The Dodd-Frank Act (2010) in the U.S. introduced “living wills” for large banks to manage orderly failures.
7.3 Transparency and Risk Monitoring
Improved data sharing and disclosure reduce information asymmetry. The Financial Stability Board (FSB) monitors global systemic risks and coordinates regulatory reforms.
7.4 Role of Technology and Big Data
Advanced analytics, AI, and blockchain enhance risk detection and transaction transparency. Regulators use RegTech to monitor real-time financial stability indicators.
8. Behavioral Aspects of Financial Crises
Human psychology plays a pivotal role in creating and amplifying financial instability:
Herd Behavior: Investors follow the crowd, ignoring fundamentals.
Overconfidence: Market participants overestimate their ability to manage risk.
Loss Aversion: Fear of losses causes panic selling during downturns.
Moral Hazard: Belief in bailouts encourages risk-taking.
Behavioral finance highlights that market irrationality often drives asset bubbles and panic phases, making crisis prediction difficult.
9. Globalization and the Amplification of Contagion
The integration of global markets has intensified interdependence. While globalization facilitates capital mobility and diversification, it also magnifies vulnerabilities:
Cross-border banking linkages transmit shocks rapidly.
International investors move funds instantly in response to news.
Emerging markets are especially exposed to capital flow reversals and currency volatility.
Digitalization and high-frequency trading have further increased the speed of contagion—financial panic now spreads in hours rather than weeks.
10. Lessons from Past Crises
Transparency is crucial: Hidden leverage and off-balance-sheet risks often trigger crises.
Capital adequacy must be maintained: Stronger buffers help absorb shocks.
Global coordination matters: Isolated national policies cannot address global contagion.
Moral hazard must be controlled: Regulation should prevent excessive risk-taking by large institutions.
Crisis preparedness: Regular stress tests and crisis simulations enhance system resilience.
11. Future Outlook and Emerging Risks
As financial systems evolve, new forms of systemic risk emerge:
Cyber Risk: Cyberattacks on banks or payment systems could paralyze global finance.
Climate Risk: Physical and transition risks from climate change may impact asset valuations.
Crypto and Decentralized Finance (DeFi): Lack of regulation and interconnectivity between crypto assets and traditional finance can generate new contagion channels.
Artificial Intelligence and Algorithmic Trading: Automation could amplify volatility during shocks.
Regulatory frameworks must evolve continuously to manage these emerging threats while balancing innovation and stability.
12. Conclusion
Financial crises, contagion, and systemic risk are deeply interwoven aspects of modern finance. The complexity and interconnectedness of global markets mean that localized shocks can rapidly escalate into systemic events, endangering economies and livelihoods. While improved regulation, technology, and international cooperation have strengthened financial systems since 2008, vulnerabilities persist—especially amid globalization, digitalization, and geopolitical uncertainty.
To prevent future crises, policymakers must adopt a macroprudential and forward-looking approach, balancing innovation with stability. Understanding the mechanisms of contagion and the roots of systemic risk is essential not only for regulators but for investors and societies at large. Ultimately, financial stability is not merely a technical issue—it is a cornerstone of economic and social resilience.
Gold — New All-Time High Test at $4,060Gold just printed a new all-time high at $4,060, only to reject sharply within minutes — a classic liquidity sweep above the previous ATH zone.
Despite the short-term volatility and weekend noise from the crypto space, the bullish structure remains intact, holding the mid-channel support.
🔍 Key observations:
-Price broke the prior ATH, tapped liquidity, and retraced.
-Still trading inside an ascending channel.
-Buyers have defended each low, showing strong demand at every dip.
As long as $3,980–$4,000 holds, this remains a healthy consolidation after a breakout attempt.
TVC:GOLD continues to prove its resilience as a hedge amid uncertainty across risk assets.
Golden Times!Gold's vertical move the past month accelerated the past week to form a reversal on Friday. Profit taking and overbought conditions pulled the precious metals back from record daily highs.
Expect some more pullback, perhaps towards $4100 ish...there is more left in this tank, there has been no blow off candle as yet, suggesting more upside is coming.
Silver too has had a great run, breaking $50 has taken the precious metals into the media attention phase, stock markets look to have one more finishing move up to conclude their multi year bull run, thereafter we expect at least a major correction or the end of the bull market.
Precious metals are your safest long term bet, corrections or pullbacks are normal in grand cycle patterns...the biggest moves in PM's are still way off...just hold through the coming chaos.
Appreciate a thumbs up...God Bless you all!
XAU/USD Intraday Plan | Support & Resistance to WatchGold continues its powerful ascent, extending gains and printing new all-time highs in nearly every session.
Price is currently trending near 4,235 — an intraday resistance level — while momentum remains firm, showing sustained buyer dominance.
If price reclaims and holds above 4,235, the next resistance sits at 4,257, followed by 4,280 as an extended upside target.
Immediate support is seen at 4,205, and if a deeper pullback develops, watch the First Reaction Zone (4,176–4,150) for potential re-entry opportunities.
The broader bias remains bullish with MA50 and MA200 continuing to provide dynamic trend support.
📌Key levels to watch:
Resistance:
4235
4264
4280
Support:
4205
4176
4150
4112
4082
🔎Fundamental Focus:
Markets are increasingly betting that the Federal Reserve will cut interest rates sooner rather than later, boosting gold’s appeal as lower yields reduce the cost of holding the metal. At the same time, the U.S. government shutdown is adding another layer of uncertainty, freezing data releases and shaking confidence in fiscal management.
Tensions between the U.S. and China, along with political instability in parts of Europe and Asia, continue to weigh on global risk sentiment. Meanwhile, central banks and large funds keep accumulating gold as a hedge against debt, inflation, and a weakening dollar.
Together, these forces have created an environment with no clear ceiling for gold, as every dip is met with strong buying and momentum keeps pushing prices to new record highs.
Back to Basics: How to Calculate Entry & TP on Gold (Forex)📌 Back to Basics: How to Calculate Entry & TP on Gold 🥇📈
Gold doesn’t move in pips like Forex pairs—it moves in points.
✅ 1 Point = 10 Pips
In this quick video, I’ll show you a simple way to calculate your entry and take-profit (TP) when trading Gold. No stress, no confusion—just add or subtract points from your entry price to set your TP with confidence.
Perfect for beginners and traders who want a refresher on the basics!
✨ Trading made simple.
👉 Watch now and level up your Gold trading game.
⚠️ Disclaimer: This video is for educational purposes only and should not be considered financial advice. Trading carries risk, and you should only trade with money you can afford to lose. Always do your own research before making any trading decisions.
Gold Roadmap After Breaking $4,000 – What’s Next?Gold ( OANDA:XAUUSD ) continued its bullish momentum at the start of the week and even seems to have broken through the key psychological resistance at $4,000 .
Let me first point out that when an asset reaches a new All-Time High (ATH) , Technical analysis tends to become less reliable since there’s no historical price data above that level. However, we still do our best to analyze the market using the available tools .
Currently, Gold is moving near the upper lines of ascending channels and within the Potential Reversal Zone(PRZ) .
From an Elliott Wave Theory perspective , it appears that gold is completing Wave 3 , given the strong momentum it has shown.
That said, Gold likely needs a correction before continuing its uptrend. This pullback could first test the Support lines(First Target) , and in the next stage, possibly reach around $3,963(Second Target) .
Stop Loss(SL): $4,109
Please respect each other's ideas and express them politely if you agree or disagree.
Gold Analyze (XAUUSD), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅ ' like ' ✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
GOLD: Sell Limit — a sell position on gold in T15 with R/R: 1/4Hello guys,
This is a sell limit on gold with a risk/reward ratio of 1:4. If the market doesn’t open with an unwanted big gap due to news, you can enter the position.
Once reward level 1 is reached, you can move to risk-free. The maximum risk on this trade is 1% of the account.
Gold/USD: Bullish Climb to $4100?OANDA:XAUUSD is showing a bullish setup on the 1-hour chart , with an entry zone between $3,963-$3,985 near a key support level.
First target at $4,075 marks initial resistance, while the second at $4,100 offers a deeper upside potential. Set a stop loss on a close below $3,940 to manage risk effectively. 🌟
A break above $3,985 with strong volume could confirm this move, driven by safe-haven demand and USD dynamics. Watch economic data trends! 💡
📝 Trade Plan:
✅ Entry Zone: $3,963 – $3,985 (support area)
❌ Stop Loss: Daily close below $3,940
🎯 Targets:
TP1: $4,075 (initial resistance)
TP2: $4,100 (extended target)
Ready for this rally? Drop your thoughts below! 👇
Gold rebounds in a V-shape, a resounding rebound from support!
The gold market is currently influenced by a mix of bullish and bearish factors. On the one hand, expectations of aggressive interest rate hikes from major central banks (particularly the Federal Reserve) continue to put pressure on gold prices, as higher interest rates increase the opportunity cost of holding non-interest-bearing gold. The continued strength of the US dollar also limits gold's upward potential. On the other hand, growing geopolitical concerns are providing significant safe-haven support for gold prices. The market is closely watching inflation data and central bank policy signals amidst persistent risks and concerns about a global recession. Any sign of a slowdown in the pace of interest rate hikes could trigger a strong rebound in gold prices. Overall, based on fundamentals, gold prices are more likely to experience a volatile pattern in the short term, but safe-haven buying below provides solid support.
From a technical perspective, gold prices have established a significant short-term support level near 4160. This level is not only the low point of multiple recent pullbacks but also near a key psychological support level. The current price, near 4181, is just above this support level, showing signs of stabilization. The Relative Strength Index (RSI) may have rebounded from oversold territory, suggesting weakening downward momentum and the need for a technical rebound. An initial upside target could be 4210, the intersection of the recent rebound high and a minor resistance level. Setting a stop-loss at 4161, just below the support level, effectively manages risk. If support breaks, gold prices could see further downside potential.
Gold recommends a long position around 4181, with a stop-loss at 4161 and a target of 4210.