Gold next week: Key S/R Levels and Outlook for Traders

[cryptobro]

GOLD WEEKLY SNAPSHOT — BY PROJECTSYNDICATE

High/Close: $4,379 → ~$4,252 — higher close vs. last week’s pullback finish.
Trend: Uptrend intact > $4,000; dip buyers continue to control rhythm.
Supports: $4,180–$4,140 → $4,100–$4,050 → $4,000 must hold.
Resistances: $4,260 / $4,300 / $4,350 → stretch $4,380–$4,420.
🧭 Bias next week: Buy-the-dip > $4,140–$4,200; momentum regain targets $4,300–$4,380+. Invalidation < $4,050 → risk $4,000/3,980.

Macro tailwinds:

• Fed: Markets lean to another cut into Oct 28–29; softer real yields buoy gold.
• FX: DXY under pressure = constructive backdrop.
• Flows: ETF interest & CB buying remain supportive on dips.
• Geopolitics: Tariff/trade and regional risks keep safe-haven bids live.

Street view: Several houses float $5,000/oz by 2026 scenarios on easing policy & reserve diversification narratives

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Key Resistance Zones

• $4,260–$4,280 near-ATH supply / immediate ceiling from close
• $4,300–$4,350 extension target band
• $4,380–$4,420 stretch zone toward prior spike high and measured extensions

Support Zones

• $4,220–$4,200 first retest band just below close
• $4,180–$4,140
• $4,100–$4,050 deeper pullback shelf; $4,000 remains the big psych

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️ Base Case Scenario

Expect shallow pullbacks into $4,220–$4,140 to be bought, followed by rotation back into the $4,260–$4,300 resistance stack for an ATH retest.

Breakout Trigger

A sustained push/acceptance > ~$4,280 unlocks $4,300 → $4,350, with room toward $4,380–$4,420 if momentum persists.

Market Drivers

• Fed cut expectations into late Oct(lower real yields = gold tailwind
• USD softness / DXY sub-100 tone supports metals
• Ongoing central-bank bullion demand; ETF inflows stabilizing
• Geopolitics & trade/tariff headlines keeping safety bids active

Bull / Bear Trigger Lines

• Bullish above: $4,140–$4,200
• Bearish below: $4,100–$4,050 risk expands under $4,000

🧭 Strategy

Accumulate dips above $4,140–$4,200.
On breakout > $4,280, target $4,300–$4,350+. Maintain tight risk under stepped supports; invalidate momentum below $4,050–$4,000.

[alex10]

Next week’s focus remains on support near $4,180 and resistance around $4,300 for directional clarity.

[Nahid10]

Traders should watch macro catalysts like U.S. CPI data for momentum in gold’s next swing move.