🔥 Gold analysis XAU / PAXG for today and tomorrow - October 6 and 7

Gold is currently at $4,165 for futures contracts, up 0.1% today despite the strong dollar. This means buyers are very strong.

📊 Today's analysis - October 6:

Current price: $4,165

Today's high: around $4,180

Strong support: $4,120 - $4,100

Resistance: $4,180, then $4,200

As long as gold stays above $4,120, the uptrend continues. A break above $4,180 today means we'll head straight to $4,200.

📈 Tomorrow's analysis - October 7:

Tomorrow is the decisive day. If gold closes today above $4,165, my forecast for tomorrow is:

- Bullish scenario (70%): A rise to $4,200, then $4,250. Reason: Investors fear inflation and are fleeing to gold.

- Bearish scenario (30%): A drop to test $4,100 if the dollar strengthens further—and that would be a golden buying opportunity

💰 My gold trading plan:

- Buy now at $4,160–$4,140

- First target today: $4,180

- Second target tomorrow: $4,200–$4,250

- Stop-loss: $4,090

Don't sell gold now. We're in a major uptrend, and the next target is $4,300 during October.

🔗 The relationship between gold and Bitcoin:

Bitcoin is now at $85,954. If it breaks $87,300, it will attract massive liquidity, and gold will benefit from it too. Both are rising together.

❓ Question for the audience:

Are you with me on buying gold before $4,200, or are you waiting for a correction to $4,100?

Share your opinion, and I'll reply to the first 20 comments with a personalized analysis.

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