Gold Bulls in Control — Eyes on $4,200 Breakout

📰 Key Fundamental Drivers

Gold remains elevated above $4,100/oz, consolidating after recent surges.

Safe-haven demand is strong, supported by persistent U.S.-China tensions and global economic uncertainty.

Market expectations for Fed cuts remain robust, with ~99% chance priced in for October and ~94% for December.

Institutional flows (ETF & central banks) continue to add structural support.

Some caution from Fed officials about inflation and pacing of cuts could moderate upside in the near term.

📈 Technical & Price Structure

Support zones to watch: ~$4,100 → ~$4,050 → ~$4,000

Resistance / upside targets: $4,200 → $4,300 → $4,400+

Gold is in a strong uptrend, but short-term momentum is overextended. A pullback or consolidation is healthy and expected.

If price holds above support, the upside bias remains intact. A break below $4,000 would be an early warning.

🎯 Bias & Trade Strategy

Bias: Bullish overall, with caution in the short term.

Trade ideas:

Buy on pullbacks into support zones (e.g. $4,050–$4,100) with tight stops.

Breakout longs if price decisively clears $4,200.

Scalp / reaction shorts near resistance zones if rejection patterns appear.

Pay attention to upcoming U.S. data, Fed commentary, and any sudden USD strength as risk factors.

⚠️ Risk Note

Risk only 1–2% per trade

Confirm setups with volume/candle patterns

Avoid over-leveraging — gold volatility remains high

📌 For educational purposes only – Trade Smart. Athens