COREPNL | GOLD MARKET MAP
📅 12 October 2026 | XAUUSD
Gold has rebounded from last week's sharp decline, but a sustained bullish reversal is not yet confirmed.
Levels on our radar:
• $4,104 — major weekly support • $4,200 — psychological reference zone • $4,319 — major weekly resistance
Bullish scenario: Holding above support and building higher lows would strengthen the recovery case. A sustained move through resistance would be more convincing.
Bearish scenario: Failure to sustain the rebound, followed by a break below $4,104, would increase downside risk.
Macro watch: US CPI arrives Wednesday, 14 October. Today is a US bond-market holiday, so be mindful of changing liquidity conditions.
These are observation levels, not automatic entry signals. Wait for confirmation and define risk before entering.
CorePNL | Trade the plan. Verify the process.
⚠️ Leveraged trading carries significant risk. No outcome is guaranteed.
