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06 Oct 2025

🟑 GOLD ANALYSIS β€” Bulls Still in Control

Gold bulls seem unstoppable as price breaks cleanly above the $3,900 mark β€” confirming fresh bullish momentum for XAU/USD.
This breakout reinforces our near-term bullish outlook, with buyers firmly in control after Monday’s strong rally.

πŸ“Š Technical view:
RSI is trading above 70, showing strong momentum β€” but also warning traders to expect short-term pullbacks before continuation.
Any correction is likely to find support between $3,900–$3,895, offering potential re-entry zones for disciplined buyers.
A decisive break below that zone could extend the pullback toward $3,865–$3,863, aligning with the 100-hour SMA and trendline support from last week’s lows near $3,800.

πŸ’‘ Our bias:
We stay bullish above $3,895, looking for continuation toward $3,930–$3,950, while managing risk tightly below key structure levels.

βš™οΈ Scalpers’ note:
Wait for pullbacks and confirmation candles β€” avoid chasing overbought momentum blindly.

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