13 Oct 2025
📊 XAU/USD Daily Technical Outlook 💥
Gold continues to show strength as buyers maintain control.
On the daily chart, the RSI (14) is cooling off from the extreme overbought zone but still trending higher at 78.80, signaling that bulls remain in charge. ⚡
📈 Bullish Scenario:
If momentum holds, expect a retest of $4,100, and a sustained breakout above that could open the door toward $4,138 – the upper boundary of the month-long rising channel.
📉 Bearish Scenario:
Failure to hold above the rising channel support at $3,991 (daily close) could trigger a deeper pullback toward:
🔹 $3,950 (psychological level)
🔹 $3,895 (supply zone – October 1 & 2 highs)
💡 Buyers still lead the game, but a daily close below $3,991 could flip the script.
Trade smart — wait for confirmation before taking your next shot. 🎯
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