ElDoradoFx PREMIUM 2.0 - ASIA FORECAST - 06/10/2025Gold is trading around 3,886, holding just under the recent swing high (3,896–3,894) after a bullish continuation. The market is consolidating in a tight range while buyers defend support and await new catalysts.
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🔍 Technical Outlook
Daily Chart (D1):
• Strong bullish structure intact, with price above the 20 EMA (3,846) and 50 EMA (3,791).
• RSI (78) → near overbought, suggesting limited upside unless momentum strengthens.
• Daily candle shows slowing momentum; still bullish but vulnerable to retracement if 3,862 fails.
1H Chart (H1):
• Price consolidating between 3,880–3,896 resistance and 3,862 support.
• MACD is positive but flattening, showing buyers losing short-term strength.
• Market structure: higher highs remain intact; 3,862 is the intraday key breakout/rejection zone.
15M Chart (M15):
• Price rejected 3,889–3,896 zone twice, creating short-term equal highs.
• A base is forming around 3,883–3,880. If broken, correction may extend toward 3,870.
• RSI ~55 → neutral, but momentum fading on lower TFs.
5M Chart (M5):
• Buyers defending 3,883, forming higher lows.
• Resistance remains at 3,889–3,896.
• Short-term indicators show mixed signals: MACD flattening, RSI ~58, suggesting potential breakout but risk of rejection if liquidity isn’t strong.
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✨ Fibonacci Golden Zone
From 3,843 low → 3,896 high, the golden retracement sits at 3,870–3,862.
• If Asia session pulls back into this zone and holds, high probability for bullish continuation.
• A clean break below 3,862 = shift in structure toward deeper retracement (3,843 → 3,820).
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🎯 High Probability Entries (Not Scalping – Asia Focus)
Bullish Setup:
• Buy if price retests and holds 3,870–3,862 golden zone, target 3,889 → 3,896 → 3,910.
• SL below 3,855 (50–55 pips).
Bearish Setup:
• Sell only if price rejects 3,889–3,896 zone again with bearish confirmation.
• Target 3,870 → 3,862.
• SL above 3,902 (60 pips).
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📅 Fundamental Outlook – Asia Session
• No major Asian data expected today.
• Market will position for US ISM PMI & Fed speakers later → possible volatility in NY.
• DXY remains firm near recent highs; if USD strengthens further, gold may face rejection under 3,896.
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⚠ Key Levels to Watch
• Resistance: 3,889 – 3,896 / 3,910
• Support: 3,880 / 3,870 – 3,862 / 3,843
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✅ Summary
Gold remains bullish overall, consolidating below 3,896 resistance. The golden zone 3,870–3,862 is the key for continuation; if it holds, expect buyers to push back toward 3,896 → 3,910. However, repeated rejection under 3,896 could trigger a correction into 3,870 → 3,862.
