Opening
Gold is trading around 3,899, attempting to stabilize after Friday’s sharp liquidation below 4,000. Spot Gold rebounded around 0.8% on Monday as oil prices fell more than 3% on renewed Iran–Qatar negotiations, temporarily easing inflation and rate-pressure concerns. However, the broader macro backdrop remains challenging after the Fed kept rates at 3.75%–4.00% and signaled that elevated inflation could require further tightening.
Technical View
On H1, the structure remains bearish. Gold broke below the previous consolidation and extended toward 3,870.738, confirming strong downside displacement. The current rebound is still corrective while price remains below the 3,980–4,000 key resistance and the descending structure. The 3,890–3,910 area is the immediate reaction zone where buyers are attempting to stabilize.
Key Zones
3,890–3,910: Intermediate resistance / current reaction zone
3,980–4,000: Key resistance and major corrective target
4,060–4,080: Major Supply / Premium POI
3,870: Key downside support and recent swing low
Trading Plan
The main scenario is a tactical rebound before potential bearish continuation. If Gold can hold above 3,870 and reclaim the immediate reaction zone, a corrective move toward 3,980–4,000 could develop. That area becomes the key decision point. A clear rejection there, especially while price remains below the descending structure, would favor renewed downside pressure toward 3,870 and potentially lower.
Important Note
Macro volatility remains elevated. The US midterm elections are scheduled for November 3, while the October ISM Manufacturing PMI is due today and the October Employment Situation is scheduled for November 6. These events can quickly reprice USD, Treasury yields and Gold.
Buy/Sell View
Short-term: Neutral-to-bearish while below 3,980–4,000.
Bullish: Only a confirmed reclaim and sustained acceptance above the key resistance would weaken the bearish structure.
Bearish: Rejection from 3,980–4,000 would keep the downside thesis active.
Final View
Gold is showing a relief rebound, but the H1 structure has not reversed yet. 3,890–3,910 is the immediate reaction area, while 3,980–4,000 remains the main resistance that must be reclaimed before considering a meaningful structural recovery. Until then, the current move is better treated as a corrective rebound within a broader bearish structure.
Gold is trading around 3,899, attempting to stabilize after Friday’s sharp liquidation below 4,000. Spot Gold rebounded around 0.8% on Monday as oil prices fell more than 3% on renewed Iran–Qatar negotiations, temporarily easing inflation and rate-pressure concerns. However, the broader macro backdrop remains challenging after the Fed kept rates at 3.75%–4.00% and signaled that elevated inflation could require further tightening.
Technical View
On H1, the structure remains bearish. Gold broke below the previous consolidation and extended toward 3,870.738, confirming strong downside displacement. The current rebound is still corrective while price remains below the 3,980–4,000 key resistance and the descending structure. The 3,890–3,910 area is the immediate reaction zone where buyers are attempting to stabilize.
Key Zones
3,890–3,910: Intermediate resistance / current reaction zone
3,980–4,000: Key resistance and major corrective target
4,060–4,080: Major Supply / Premium POI
3,870: Key downside support and recent swing low
Trading Plan
The main scenario is a tactical rebound before potential bearish continuation. If Gold can hold above 3,870 and reclaim the immediate reaction zone, a corrective move toward 3,980–4,000 could develop. That area becomes the key decision point. A clear rejection there, especially while price remains below the descending structure, would favor renewed downside pressure toward 3,870 and potentially lower.
Important Note
Macro volatility remains elevated. The US midterm elections are scheduled for November 3, while the October ISM Manufacturing PMI is due today and the October Employment Situation is scheduled for November 6. These events can quickly reprice USD, Treasury yields and Gold.
Buy/Sell View
Short-term: Neutral-to-bearish while below 3,980–4,000.
Bullish: Only a confirmed reclaim and sustained acceptance above the key resistance would weaken the bearish structure.
Bearish: Rejection from 3,980–4,000 would keep the downside thesis active.
Final View
Gold is showing a relief rebound, but the H1 structure has not reversed yet. 3,890–3,910 is the immediate reaction area, while 3,980–4,000 remains the main resistance that must be reclaimed before considering a meaningful structural recovery. Until then, the current move is better treated as a corrective rebound within a broader bearish structure.
Dagangan aktif
Gold is trading around 3,948, extending the corrective rebound from the 3,870 low, but the H1 structure remains bearish. The latest US ISM Manufacturing PMI strengthened to 55.5, while prices paid remained elevated at 75.2, keeping inflation and Fed-tightening concerns alive. At the same time, softer oil prices have provided some relief for Gold. Today’s US midterm elections and JOLTS data could increase volatility. Technically, 3,980–4,000 is the key resistance zone. If price rejects there, the plan favors renewed downside toward 3,870. A sustained reclaim above 4,000 would weaken the bearish scenario.
📊 XAU Macro Pulse · XAUUSD · GBPUSD · EURUSD
Every setup earns its place on the chart.
🔔 Follow the structure. The rest is noise.
Personal analysis only t.me/+ZahF8It14l40OWNl
Every setup earns its place on the chart.
🔔 Follow the structure. The rest is noise.
Personal analysis only t.me/+ZahF8It14l40OWNl
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
📊 XAU Macro Pulse · XAUUSD · GBPUSD · EURUSD
Every setup earns its place on the chart.
🔔 Follow the structure. The rest is noise.
Personal analysis only t.me/+ZahF8It14l40OWNl
Every setup earns its place on the chart.
🔔 Follow the structure. The rest is noise.
Personal analysis only t.me/+ZahF8It14l40OWNl
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.