🔥 GOLD + DXY UPDATE | LONDON OPEN 🇬🇧
🥇 XAUUSD (4H): $4,116.73 | −0.25%
💵 DXY (Daily): 101.40 | −0.09%
Gold has bounced sharply from around $3,880 to $4,117 and is approaching the $4,125 pivot. The 4H chart still shows lower highs from the $4,190 peak, so this is a strong recovery attempt, but a trend reversal is not confirmed yet.
DXY is trading below 101.50, around 101.20–101.47. A softer dollar has helped gold recover. If DXY stays below 101.50, gold may have room to test $4,125. A move back above 101.50 could put pressure on the bounce.
🎯 Gold levels to watch
• Resistance: $4,131 / $4,150 / $4,175
• Support: $4,115 / $4,100 / $4,050
📌 London scenarios :
🔺 Bullish: Gold holds above $4,115 and closes above $4,131, while DXY stays below 101.50. Next levels: $4,150, then $4,175.
🔻 Bearish: Gold is rejected around $4,131–$4,150 and DXY moves back above 101.50 toward 101.80. Supports to watch: $4,100, then $4,050.
⚠️ $4,125 is the pivot. Avoid chasing in the middle of $4,115–$4,131; wait for price and DXY to confirm direction. Manage risk carefully.
NFA.
TRADE $XAU HERE👇
🥇 XAUUSD (4H): $4,116.73 | −0.25%
💵 DXY (Daily): 101.40 | −0.09%
Gold has bounced sharply from around $3,880 to $4,117 and is approaching the $4,125 pivot. The 4H chart still shows lower highs from the $4,190 peak, so this is a strong recovery attempt, but a trend reversal is not confirmed yet.
DXY is trading below 101.50, around 101.20–101.47. A softer dollar has helped gold recover. If DXY stays below 101.50, gold may have room to test $4,125. A move back above 101.50 could put pressure on the bounce.
🎯 Gold levels to watch
• Resistance: $4,131 / $4,150 / $4,175
• Support: $4,115 / $4,100 / $4,050
📌 London scenarios :
🔺 Bullish: Gold holds above $4,115 and closes above $4,131, while DXY stays below 101.50. Next levels: $4,150, then $4,175.
🔻 Bearish: Gold is rejected around $4,131–$4,150 and DXY moves back above 101.50 toward 101.80. Supports to watch: $4,100, then $4,050.
⚠️ $4,125 is the pivot. Avoid chasing in the middle of $4,115–$4,131; wait for price and DXY to confirm direction. Manage risk carefully.
NFA.
TRADE $XAU HERE👇
