Gold & DXY | London open
🥇Gold bounced from $4,067 and is now around $4,099, right below the $4,100 pivot. The 4H chart is still making lower highs after the rejection near $4,190, so this looks like a recovery attempt—not a confirmed reversal.
💸DXY has slipped below 101.70 and is trading near 101.49, after touching 101.45. That weakness has helped gold rebound. If DXY stays below 101.70, gold may get another chance to push higher. A move back above that level could weigh on the bounce.
Levels to watch :
🔸Resistance: $4,103, then $4,130 and $4,144
🔸Support: $4,067, then $4,050
A 4H close above $4,103, with DXY still below 101.70, would put $4,130 and $4,144 in focus. A rejection from $4,103–$4,130 alongside a DXY reclaim of 101.70 could bring $4,067 and $4,050 back into view.
$4,100 is the pivot. I’d wait for confirmation instead of chasing the middle of the range, and keep risk tight.
TRADE $XAU HERE👇
🥇Gold bounced from $4,067 and is now around $4,099, right below the $4,100 pivot. The 4H chart is still making lower highs after the rejection near $4,190, so this looks like a recovery attempt—not a confirmed reversal.
💸DXY has slipped below 101.70 and is trading near 101.49, after touching 101.45. That weakness has helped gold rebound. If DXY stays below 101.70, gold may get another chance to push higher. A move back above that level could weigh on the bounce.
Levels to watch :
🔸Resistance: $4,103, then $4,130 and $4,144
🔸Support: $4,067, then $4,050
A 4H close above $4,103, with DXY still below 101.70, would put $4,130 and $4,144 in focus. A rejection from $4,103–$4,130 alongside a DXY reclaim of 101.70 could bring $4,067 and $4,050 back into view.
$4,100 is the pivot. I’d wait for confirmation instead of chasing the middle of the range, and keep risk tight.
TRADE $XAU HERE👇