London session, Oct 13: gold bounces to 4,212, back above the H4 EMA but the daily is still bearish – sell rallies 4,229–4,246 ahead of CPI
Bias: 🔻 Bearish
🔴 SELL zone 4,229 – 4,246 | SL 4,262 | TP 4,204 → 4,178
🟢 BUY zone 4,196 – 4,204 | SL 4,186 | TP 4,224 – 4,229
⚠️ Key risk: No tier-1 data today · US CPI Wed 8:30 AM ET – avoid holding through the print
💲 ⚠️ Levels are COMEX gold futures (GC=F), not spot – spot trades roughly $18 lower
More details
🧭 Plan & scenarios
- The data: no tier-1 today; gold bounced to ~4,212 above the H4 EMA but the daily stays under the 20 EMA at 4,245.9 (CNBC).
- The tape: Asian open spot 4,164.45 (−0.2%); FedWatch 21% October / 88% December hike odds.
- Why: dollar near an 18-month high; Mideast risk (Houthi – Riyadh) still elevated (CNBC/Reuters).
- Levels: sell rallies 4,229–4,246 (R1 / Oct 9–12 highs) → 4,204 then 4,178; buy 4,196–4,204.
- Risk: size down into CPI Wed 8:30 AM ET; no entries 5 minutes either side of a release.
💡 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.