đĄ GOLD: A bounceâor the start of recovery?
Gold is consolidating near 4,126.67 after bouncing from 4,113.67. The 15-minute trend remains weak below the falling MA99.
đŽ Resistance: 4,130â4,133, then 4,137â4,143.
đą Support: 4,120â4,123, then 4,113.67.
Holding above 4,133 after a retest would improve the recovery picture. Losing 4,120 puts the session low back in focus.
đ Today, UAE time:
âą 10:00 AM: UK CPI
âą 6:30 PM: US EIA oil inventories
Watch oil, the dollar and yields. A bounce isnât yet a trend reversal!
Follow @tareq80 for market context.
#Gold #XAU #RiskManagement
21 Oct | 8:06 AM chart snapshot | Educational commentary, not a trade signal. $XAU $BTC
Gold is consolidating near 4,126.67 after bouncing from 4,113.67. The 15-minute trend remains weak below the falling MA99.
đŽ Resistance: 4,130â4,133, then 4,137â4,143.
đą Support: 4,120â4,123, then 4,113.67.
Holding above 4,133 after a retest would improve the recovery picture. Losing 4,120 puts the session low back in focus.
đ Today, UAE time:
âą 10:00 AM: UK CPI
âą 6:30 PM: US EIA oil inventories
Watch oil, the dollar and yields. A bounce isnât yet a trend reversal!
Follow @tareq80 for market context.
#Gold #XAU #RiskManagement
21 Oct | 8:06 AM chart snapshot | Educational commentary, not a trade signal. $XAU $BTC