London: 45m–4H below BB mid, 15m up-channel = pullback – sell 4,155–4,168
Bias: 🔻 Soft bounce in a downtrend
🔴 SELL zone 4,155–4,168 | SL 4,178 | TP1 4,140 ✔ → TP2 4,125
🟢 BUY zone 4,097–4,110 | SL 4,087 | TP1 4,140 → TP2 4,156
⚠️ 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 2:45 AM ET, Oct 15
DXY ~102.2 ↓US10Y 5.19% ↓Brent 104.5 ↓Risk Cautious
Arrows: vs. prior close
Risk appetite stays cautious after the Asia chip rout; the dollar and yields eased off post-CPI highs (DXY ~102.2; US10Y ~5.19%), letting gold hold above 4,130 without confirming a reversal. Brent ~$104.5 (−1.3%) as markets weigh Hormuz supply risk against signals of tanker-sanctions relief. PPI + retail sales at 8:30 AM ET is the test for this bounce – a hot print would push gold back toward the lower band.
Sources: Octa · Moneycontrol · ForexFactory
More details
🧭 Plan & scenarios
- The data: spot ~4,135; 45m–4H still under the BB mid (4,157 / 4,166 / 4,155 / 4,162) – downtrend intact.
- The tape: Asian range high ~4,153 / low ~4,079; midday buy 4,135–4,143 filled (MFE ~10), sell 4,165–4,175 not filled.
- Why: Octa/Moneycontrol – yields and the dollar eased off post-CPI highs; DXY ~102.1; Brent ~$104.7 – soft bounce under the mid-band.
- Levels: sell 4,155–4,168, buy 4,097–4,110; pivot P 4,111 · R1 4,147 · S1 4,049.
- Risk: PPI + retail 8:30 AM ET; the 15m up-channel can extend toward 4,166–4,175 – wait for a red close below the mid.
💡 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.