10.19 Gold Morning Analysis
Short-term indicators are recovering, but resistance at previous highs remains. The price action is merely a range-bound rebound and recovery, not a trend reversal. Avoid chasing rallies amid high-level volatility. Near-term resistance: 4194‑4198; strong resistance: 4217. Support: 4173; a break below points to 4156‑4154.
Consider shorting a rebound into 4188‑4200 if it encounters resistance. Stop loss: 4205. Targets: 4175‑4160; if broken, look lower toward 4154. #xau
Short-term indicators are recovering, but resistance at previous highs remains. The price action is merely a range-bound rebound and recovery, not a trend reversal. Avoid chasing rallies amid high-level volatility. Near-term resistance: 4194‑4198; strong resistance: 4217. Support: 4173; a break below points to 4156‑4154.
Consider shorting a rebound into 4188‑4200 if it encounters resistance. Stop loss: 4205. Targets: 4175‑4160; if broken, look lower toward 4154. #xau