Gold Intraday: bullish bias above 3940.00
Oct 7, 2025 11:08 AM
long positions above 3940.00 with targets at 3977.00 & 4000.00 in extension.
Pivot: 3940.00
Our preference:
long positions above 3940.00 with targets at 3977.00 & 4000.00 in extension.
Alternative scenario:
below 3940.00 look for further downside with 3920.00 & 3895.00 as targets.
Comment:
the immediate trend remains up but the momentum is weak.
Supports and resistances:
4020.00
4000.00
3977.00
3959.82 Last
3940.00
3920.00
3895.00
Our preference:
long positions above 3940.00 with targets at 3977.00 & 4000.00 in extension.
Alternative scenario:
below 3940.00 look for further downside with 3920.00 & 3895.00 as targets.
Comment:
the immediate trend remains up but the momentum is weak.
Supports and resistances:
4020.00
4000.00
3977.00
3959.82 Last
3940.00
3920.00
3895.00
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