Gold Oct 15: post-CPI bounce, reversal not confirmed yet
Bias: 🔻 Bounce within a downtrend – only the 5m has turned up
🔴 SELL zone 4,165–4,175 | SL 4,185 | TP 4,140 → 4,127
🟢 BUY zone 4,115–4,123 | SL 4,105 | TP 4,150 → 4,169
⚠️ Key risk: U.S. PPI + Retail Sales at 8:30 AM ET; a close above 4,175 cancels the short
💲 ✅ Levels are spot XAU/USD (converted from futures)
More details
🧭 Plan & scenarios
- The data: after hot Oct 14 CPI, gold bounced from the 4,099–4,109 buy toward ~4,142; only the 5m has flipped up (ET Now / CNBC).
- The tape: 3-day high/low 4,222 / 4,075; Oct 14 range 4,173 / 4,075; RSI 5m 80 · 15m 75 – short-term bounce is hot.
- Why: ET Now – DXY −0.3% to 102.2, 10-year yields eased, Brent ~$105.6 → gold climbed ~0.8%.
- Levels: sell 4,165–4,175, buy 4,115–4,123; pivot P 4,111 · R1 4,148 · 45m BB mid 4,158.
- Risk: PPI + retail 8:30 AM ET; only call a reversal on a 1H close above 4,175.
💡 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.