10/15 (Thu) Gold XAU Outlook
On the 4-hour chart, price touched the previous low support at 4066.42 and then closed with a bullish rebound candle. Short-term bearish momentum has been fully released, and an oversold recovery is now underway. However, the broader downtrend has not fully reversed, so the rebound may still face resistance.
Watch the 4120–4125 zone for support, with resistance concentrated around 4150–4155.
Trading plan: If price pulls back to 4110–4130, consider a small long position, targeting 4145–4160.
#xau
On the 4-hour chart, price touched the previous low support at 4066.42 and then closed with a bullish rebound candle. Short-term bearish momentum has been fully released, and an oversold recovery is now underway. However, the broader downtrend has not fully reversed, so the rebound may still face resistance.
Watch the 4120–4125 zone for support, with resistance concentrated around 4150–4155.
Trading plan: If price pulls back to 4110–4130, consider a small long position, targeting 4145–4160.
#xau