GOLD RALLY OR TRAP? $XAUUSD SETUP FOR OCTOBER

MARKET DIRECTION: BULLISH BIAS ABOVE KEY SUPPORT

ENTRY: $1885–1895

TP1: $1910

TP2: $1932

TP3: $1955

SL: $1865

RISK MANAGEMENT: 1–2% max per trade. Wait for confirmation candle above $1895 before entry. Avoid chasing spikes—gold loves fakeouts.

TECHNICAL BREAKDOWN:

Gold’s recent bounce off the $1880 zone aligns with a triple confluence:

- 200 EMA support on 4H

- Fibonacci 0.618 retracement from September swing low

- Bullish divergence on RSI

Volume is climbing, and MACD histogram shows early momentum shift. If price holds above $1895, we could see a clean breakout toward $1955. But beware: CPI data next week could trigger volatility. Stay nimble.

MINDSET TIP:

Gold is emotional. So are traders. Don’t let fear of missing out override your plan. If you missed the entry, wait for the retest. Patience pays more than panic

SCAM ALERT:

Several fake “gold investment” platforms are circulating on Telegram and Instagram. If it promises guaranteed returns or asks for upfront deposits, it’s a trap. Stick to verified brokers and exchanges like Binance

INFLUENCER ANGLE:

Even CZ tweeted about gold’s resilience last quarter. When crypto wobbles, gold whispers stability. Smart traders diversify—not just assets, but strategies.

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