H79 Gold Plan – New York session, Oct 13: 5m/30m bearish, buying dips at the lower BB90 4,145–4,154 and 4,106–4,120 (spot)
Bias: 🔻 Bearish
🔴 SELL zone 4,215 – 4,227 (only if lower timeframes flip bullish) | SL 4,232 | TP 4,184 → 4,146
🟢 BUY zone 4,145 – 4,154 | SL 4,135 | TP 4,165 – 4,168 → 4,180 – 4,184
⚠️ Key risk: Fed's Barkin 1:00 PM ET and Collins 4:00 PM ET today · US CPI Wed 8:30 AM ET – stops to breakeven before the print
💲 ✅ Levels are spot XAU/USD (converted from futures)
More details
🧭 Plan & scenarios
- The data: existing home sales 3.99M (+1.5% m/m) – beat the 3.95M forecast (NAR); not tier-1.
- The tape: vs 4,192.50 at the print – 3h before 4,205.40 · 1h before 4,203.10 · now ~4,166; 5m/30m still bearish.
- Why: 45m/1H MACD crossed down (hist −1.69 / −1.54), RSI 42–44 – short-term momentum leans bearish.
- Levels: buy 4,145–4,154 (and 4,106–4,120); sell only if channels flip 4,215–4,227; pivot S1 4,145 · P 4,184.
- Risk: Barkin 1:00 PM / Collins 4:00 PM ET; CPI Wed 8:30 AM ET – counter-trend longs, size small.
💡 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.