Asian session, Oct 13: gold ranges below 4,205, downtrend still in control – all eyes on Wednesday’s CPI
Bias: 🔻 Bearish
🔴 SELL zone 4,197 – 4,206 | SL 4,230
🟢 BUY zone 4,168 – 4,178 | SL 4,148
⚠️ Key risk: No tier-1 data today · US CPI Wed 8:30 AM ET
💲 ⚠️ Levels are COMEX gold futures (GC=F), not spot – spot trades roughly $18 lower
More details
🧭 Plan & scenarios
- The data: no tier-1 Tue Oct 13; gold ranging below 4,205; daily/H4 under the 20/50 EMAs – downtrend (CNBC).
- The tape: Asian range 4,183–4,202; DXY 102.57 near an 18-month high; 10-year ~5.24% near highs since 2002.
- Why: strong dollar and high yields weigh on gold; FedWatch ~81% chance of a hold in October (CNBC/Kitco).
- Levels: sell rallies under 4,205 → 4,178 then 4,169; buy 4,168–4,178; break of 4,169 → 4,141.
- Risk: thin Asian liquidity; CPI Wed 8:30 AM ET (est. 3.6% y/y) – wait for an M15 close to confirm.
💡 Our take
Trade the plan, not the noise.
Technical analysis for educational purposes only – not investment advice.
⚠ For information and education only – not investment advice. Trading gold and CFDs carries a high risk of loss.