Gold is at $4,164.03 (-0.38%) after turning lower from $4,193—just short of $4,200. The 4H chart still shows lower highs following the late-September selloff.
💸DXY is up 0.23% at 101.69, after touching 101.71, and is approaching the 101.80 area. If the dollar keeps climbing, gold may stay under pressure.
I am watching & following these Levels :
Gold resistance: $4,180–$4,193, then $4,200
Gold support: $4,164, then $4,122–$4,110
A rejection below $4,200, or a 4H close below $4,164, would keep the short setup in play—especially if DXY holds above 101.65 and heads toward 101.80. Downside levels: $4,145, then $4,122.
A countertrend long needs gold to reclaim and hold $4,193–$4,200 while DXY turns down from 101.70–101.80. First target: $4,234.
I’d wait for confirmation at the levels.
TRADE $XAU HERE👇
💸DXY is up 0.23% at 101.69, after touching 101.71, and is approaching the 101.80 area. If the dollar keeps climbing, gold may stay under pressure.
I am watching & following these Levels :
Gold resistance: $4,180–$4,193, then $4,200
Gold support: $4,164, then $4,122–$4,110
A rejection below $4,200, or a 4H close below $4,164, would keep the short setup in play—especially if DXY holds above 101.65 and heads toward 101.80. Downside levels: $4,145, then $4,122.
A countertrend long needs gold to reclaim and hold $4,193–$4,200 while DXY turns down from 101.70–101.80. First target: $4,234.
I’d wait for confirmation at the levels.
TRADE $XAU HERE👇
