Oct. 7, Tuesday — Morning Gold Update
Gold prices continue to fluctuate. Key levels to watch are short-term support at 4140, followed by the 4120–4100 zone, and resistance at 4180 and in the 4200–4225 zone.
A move above 4180 would strengthen bullish momentum.
Conversely, selling pressure could send prices back to the 4140–4120 zone.
As long as support holds and prices remain above it, any pullback could present a buying opportunity.
Recommendation:
Go long on a pullback to 4100–4110, targeting around 4160–4180.
#xau
Gold prices continue to fluctuate. Key levels to watch are short-term support at 4140, followed by the 4120–4100 zone, and resistance at 4180 and in the 4200–4225 zone.
A move above 4180 would strengthen bullish momentum.
Conversely, selling pressure could send prices back to the 4140–4120 zone.
As long as support holds and prices remain above it, any pullback could present a buying opportunity.
Recommendation:
Go long on a pullback to 4100–4110, targeting around 4160–4180.
#xau