New York session, Oct 13: gold holds 4,212 above the H4 EMA on a quiet tape – sell 4,225–4,246, buy 4,196–4,200 or 4,165–4,178; positioning ahead of Wednesday's CPI
Bias: 🔻 Bearish
🔴 SELL zone 4,225 – 4,246 | SL 4,262 | TP 4,205 → 4,180
🟢 BUY zone 4,196 – 4,200 | SL 4,186 | TP 4,215 – 4,224
⚠️ 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 $25 lower
More details
🧭 Plan & scenarios
- The data: no tier-1 data today (ForexFactory); gold ~4,212 above the H4 EMA; daily still under the 20 EMA at 4,245.9 (CNBC).
- The tape: holding the H4 EMA; NY open often sweeps both sides around 4,225–4,246 / 4,196–4,200.
- Why: dollar near an 18-month high; Waller says inflation expectations remain anchored; market waits on Wednesday CPI (CNBC/Reuters).
- Levels: sell 4,225–4,246, buy 4,196–4,200 (or 4,165–4,178); break of 4,165 → 4,140 (pivot S2).
- Risk: size small; don't carry size through CPI Wed 8:30 AM ET (est. 3.6% y/y).
💡 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.