Gold Intraday: consolidation
Oct 9, 2025 3:22 AM
short positions below 4049.00 with targets at 4000.00 & 3985.00 in extension.
Pivot: 4049.00
Our preference:
short positions below 4049.00 with targets at 4000.00 & 3985.00 in extension.
Alternative scenario:
above 4049.00 look for further upside with 4080.00 & 4100.00 as targets.
Comment:
as long as 4049.00 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
4100.00
4080.00
4049.00
4017.40 Last
4000.00
3985.00
3965.00
Our preference:
short positions below 4049.00 with targets at 4000.00 & 3985.00 in extension.
Alternative scenario:
above 4049.00 look for further upside with 4080.00 & 4100.00 as targets.
Comment:
as long as 4049.00 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
4100.00
4080.00
4049.00
4017.40 Last
4000.00
3985.00
3965.00
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