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

yesterday

🔥 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.
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yesterday

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yesterday

Note

🔥 GOLD WEEKLY SNAPSHOT — BY PROJECTSYNDICATE

💰 Close: $4,379 → $4,252 — higher close, trend still strong.
📈 Trend: Uptrend > $4,000; dip buyers still in charge.
🛡 Supports: $4,180 → $4,000 (key line to defend).
🚧 Resistances: $4,260 / $4,300 / $4,350 → stretch $4,420.
🧭 Next Week Bias: Buy dips $4,140–$4,200 → target $4,300–$4,380+.
🏦 Macro Tailwinds: Fed cut bets + weak USD + CB gold demand.
🌍 Geopolitics: Trade & regional risks = safe-haven flows.
🎯 Street View: $5,000/oz by 2026 in play.
🚀 Breakout: >$4,280 → opens path to $4,350–$4,420.
⚖️ Strategy: Accumulate dips; protect under $4,050–$4,000.