Gold 16.10.2025
Overall Trend:
A well‑defined uptrend: price cleared 4005.00 and advanced to 4201.51. Pullbacks that hold above 4020.50–4005.00 are viewed as corrective within the dominant structure.
Expected Scenario:
Bullish: Holding above 4005.00 keeps 4201.51 in focus with scope for fresh highs.
Bearish: A confirmed break below 4005.00 opens a first corrective leg toward 3965.00 then 3940.00.
Key Levels:
Resistance: 4201.51
Support: 4020.50 – 4005.00 – 3965.00 – 3940.00
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