
07/10/2025
π Gold Europe Session Analysis
π
October 7, Tuesday | UTC+5
Gold is trading in a sideways downtrend, with High 3977, Low 3941, total range 340 pips, in line with the Asia outlook (key level 3962).
π Technical Outlook:
β’ Resistance: 3950 (M30 60MA & recent consolidation zone)
β’ Support: 3938 (H4 10MA & H1 lower Bollinger band)
β’ Price below M30 & H1 mid-Bollinger; 10MA crossed below 20MA (bearish signal)
β’ M30 & H1 moving averages turning down, suggesting short-term weakness
π Trend View:
Short-term bias remains bearish to neutral.
As long as price stays below 3950, downside pressure remains.
If price holds above 3950, a temporary rebound to 3962β3988β4000 is possible.
Bias: Range-bound to bearish
π Key Levels:
Main line: 3950
πΌ Above 3950 β Targets 3962 β 3975 β 3988β4000
π½ Below 3950 β Targets 3935 β 3915 β 3900
π Resistance / Support:
Resistance 3 : 3988β4000
Resistance 2 : 3975
Resistance 1 : 3962
Support 1 : 3935
Support 2 : 3915
Support 3 : 3900
π― Trading Plan:
β’ Above 3950 β Buy pullbacks / Sell near resistance
β’ Below 3950 β Sell rebounds / Buy near support