Gold overnight, Oct 15 (Asia session): rebound tests 4,158 resistance
Bias: 🔻 Strong bounce in a downtrend – needs a close above 4,175
🔴 SELL zone 4,165–4,175 | SL 4,185 | TP1 4,148 → TP2 4,137
🟢 BUY zone 4,135–4,143 | SL 4,125 | TP1 4,157 → TP2 4,168
⚠️ Key risk: U.S. PPI + Retail Sales at 8:30 AM ET – close or move stops to breakeven before the release
💲 ✅ Levels are spot XAU/USD (converted from futures)
🌍 Market Picture
As of 11:05 PM ET, Oct 14
DXY ~102.5 ↓US10Y 5.11% ↓Brent $104.9 ↓Risk Risk-off ↑
Arrows: vs. prior close
Risk appetite is weak as Asian stocks sold off on a chip rout (Kospi −8%, Nikkei −4%). Haven flows into Treasuries pulled the 10-year yield to about 5.11% and the dollar index to about 102.5, helping gold recover most of its post-CPI drop. Oil has cooled (Brent near $105) but Hormuz/Aramco risk remains high. Fed-hike pricing is intact, so this morning's PPI is the real test for the bounce.
Sources: Bloomberg (swissinfo) · CNBC TV18 · Saxo · MUFG
More details
🧭 Plan & scenarios
- The data: strong bounce inside a downtrend; 45m BB mid 4,157 · 1H 4,168 – price testing ~4,158 resistance.
- The tape: Asian high ~4,157 / low ~4,101; morning buy 4,115–4,123 not filled (low 4,137); sell 4,165–4,175 not reached.
- Why: Bloomberg – Asia chip selloff, 10-year to 5.11%, Bloomberg dollar −0.3%, Brent −1.1% to $104.9 (CNBC TV18: Kospi −8%, Nikkei −4%).
- Levels: sell 4,165–4,175, buy 4,135–4,143; support 4,148 → 4,137 → 4,125.
- Risk: PPI + retail 8:30 AM ET – flat or stops to breakeven before the print; a close above 4,175 cancels the short.
💡 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.