Gold is at $4,164.03 (-0.38%) after turning lower from $4,193âjust short of $4,200. The 4H chart still shows lower highs following the late-September selloff.
đžDXY is up 0.23% at 101.69, after touching 101.71, and is approaching the 101.80 area. If the dollar keeps climbing, gold may stay under pressure.
I am watching & following these Levels :
Gold resistance: $4,180â$4,193, then $4,200
Gold support: $4,164, then $4,122â$4,110
A rejection below $4,200, or a 4H close below $4,164, would keep the short setup in playâespecially if DXY holds above 101.65 and heads toward 101.80. Downside levels: $4,145, then $4,122.
A countertrend long needs gold to reclaim and hold $4,193â$4,200 while DXY turns down from 101.70â101.80. First target: $4,234.
Iâd wait for confirmation at the levels.
TRADE $XAU HEREđ
đžDXY is up 0.23% at 101.69, after touching 101.71, and is approaching the 101.80 area. If the dollar keeps climbing, gold may stay under pressure.
I am watching & following these Levels :
Gold resistance: $4,180â$4,193, then $4,200
Gold support: $4,164, then $4,122â$4,110
A rejection below $4,200, or a 4H close below $4,164, would keep the short setup in playâespecially if DXY holds above 101.65 and heads toward 101.80. Downside levels: $4,145, then $4,122.
A countertrend long needs gold to reclaim and hold $4,193â$4,200 while DXY turns down from 101.70â101.80. First target: $4,234.
Iâd wait for confirmation at the levels.
TRADE $XAU HEREđ
