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Forexdaily

GOLD RETESTING SUPPLY BEFORE NEXT LEG DOWN🧭 DAILY TRADING PLAN – GOLD (XAU/USD) Date: Oct 28, 2025 Main timeframe: M30 – H1 Strategy: SMC + Market Structure + Supply Zone 1. MARKET CONTEXT Gold continues its bearish momentum after multiple CHoCH and BOS confirmations on lower timeframes. Price is currently trading around 3935, after rejecting from several supply zones (4045–4047, 4011–4013, and 3975–3977). Higher timeframe structure (H1–H4) remains bearish, with resistance forming between 4010–4050 and potential liquidity resting below 3928. 2. INTRADAY BIAS Bias: Bearish Expectation: Short retracement into supply → continuation down to support zone. 3. TRADING SETUP Sell Zone #1: 3975 – 3977 Sell Confirmation: Price forms bearish CHoCH on M15–M30 near supply zone. Entry: 3976 Stop Loss: 3982 (6 USD range) Take Profit 1: 3940 Take Profit 2: 3928 R:R ≈ 1:4 — targeting liquidity below the previous swing low. Avoid buying until clear BOS above 4013 is confirmed. 4. NOTES If price closes above 4013, invalidates short bias and shifts to neutral — wait for fresh structure before entering again. Monitor volume + reaction near Support Zone (3928–3940) for potential profit-taking.
OANDA:XAUUSDLong
by Anneliese_Engel

Select market data provided by ICE Data Services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.Copyright © 2025, American Bankers Association. CUSIP Database provided by FactSet Research Systems Inc. All rights reserved. SEC fillings and other documents provided by Quartr.© 2025 TradingView, Inc.

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