Asian session Oct 15: still bearish – prefer longs 4,099–4,109 (spot ~4,108)
Bias: 🔻 Bearish
🔴 SELL zone 4,113–4,123 (on a bounce / if lower timeframes flip bullish) | SL 4,133 | TP 4,109 → 4,099
🟢 BUY zone 4,099–4,109 | SL 4,089 | TP 4,119 → 4,123
⚠️ Key risk: US PPI + retail sales 8:30 AM ET – stops to breakeven or be flat before the prints; avoid fresh entries around the release
💲 ✅ Levels are spot XAU/USD (converted from futures)
More details
🧭 Plan & scenarios
- The data: post hot CPI, spot ~4,108; 5m/15m/30m still bearish – prefer longs at the lower BB (CNBC).
- The tape: post-CPI range 4,166 / 4,081; Asia so far 4,119 / 4,085; lower BB 45m 4,102 · 1H 4,109 · 2H 4,099.
- Why: hot CPI → dollar at an 18-month high, FedWatch lifted October hike odds – pressure on gold (CNBC).
- Levels: buy 4,099–4,109, sell bounce 4,113–4,123; pivot P 4,122 · R1 4,163 · S1 4,068.
- Risk: counter-trend vs a bearish daily – size small; PPI + retail 8:30 AM ET; Warsh Friday.
💡 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.