H79 Gold Plan – London session, Oct 14: lower timeframes still bearish, price tagging the 45m lower BB90 – buy dips 4,135–4,148 and 4,106–4,129 (spot) ahead of CPI at 8:30 AM ET
Bias: 🔻 Bearish
🔴 SELL zone 4,211–4,221 (only if lower timeframes flip bullish) | SL 4,232 | TP 4,190 → 4,170
🟢 BUY zone 4,135–4,148 | SL 4,124 | TP 4,160 → 4,170
⚠️ Key risk: US CPI 8:30 AM ET (est. 3.6% y/y) – stops to breakeven or be flat before the print
💲 ✅ Levels are spot XAU/USD (converted from futures)
More details
🧭 Plan & scenarios
- The data: spot ~4,148 tagging the 45m lower BB90; 5m/15m/30m still bearish – CPI at 8:30 AM ET (CNBC ~4,159 at 10:51 PM ET prior).
- The tape: MACD histogram negative 45m–3H (crossed down 2:00/1:00 AM ET); RSI ~39–43 – leaning bearish, not oversold.
- Why: FedWatch 23% October / 88% December hike odds; Brent ~$107, WTI ~$95 – expensive oil backs Fed-hike bets (CNBC).
- Levels: buy 4,135–4,148 (and 4,106–4,129); sell only if channels flip 4,211–4,221; pivot S1 4,135 · P 4,170.
- Risk: counter-trend vs a bearish daily – size small; flat or stops to breakeven before CPI.
💡 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.