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#oro - ANALYSIS - 01.10.2026 ๐ณ:
#GOLD rose 0.7% overnight and is trying to reclaim the $4,190 level. If it manages to break above that level by the close of the daily session, it will once again show a slightly bullish trend, and breaking above the orange trend lines would be the next sign of strength to watch for.
HOWEVER, if it fails to break above this level this week, this price pattern would be a bearish signal, and a new drop to $3,900 would be likely.
Iโm still maintaining a bullish position in gold, and if it drops to $3,900, I would increase my position.
And although I think itโs unlikely, I still consider there to be a 20% chance it could reach $3,400, in which case I would also increase my position.
BUT in the medium and long term, Iโm VERY optimistic about gold, so Iโm willing to wait out temporary corrections.
Why do 90% of traders lose money?
โ They bet on highly leveraged trades, looking to make
lots of money quickly, and donโt manage their risk
โ They obsess over indicators, signals, or miracle strategies instead of the key pillars of trading
โ They trade aggressively, trying to make quick gains, and therefore force trades and donโt stick to their trading plan
โ They donโt focus on patience and the incredible power of compound
interest
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