Gold Poised Between Rock-Solid Support and Pivotal Resistance 21/10/2025

In the prior note we flagged indecision and said an hourly close above 4,280 would confirm bullish continuation toward 4,350. Since then, gold has held above 4,245, turning that area into a key support while price compresses beneath nearby resistance.

Technical (4H):
Price action is clearly above 4,245, reinforcing role-reversal support and providing a firm floor against deeper pullbacks. Up-sloping SMAs confirm intact bullish momentum. RSI is rotating out of overbought, which can allow a shallow, tactical dip before trend resumption, but the broader structure remains constructive.

Base case:
If trading stays capped below 4,380, a fade toward 4,245 is plausible to refresh momentum before buyers attempt another push higher.

Alternative (breakout):
A clean break and hourly close above the 4,381 record high would likely extend the up-leg toward 4,407 and then 4,425.

Risk:
Gold’s risk profile is elevated and may not suit all investors. Trade/geopolitical headlines can drive abrupt, two-way moves—use disciplined sizing, clear invalidation levels, and avoid overexposure around events.

Risk Disclaimer: Trading CFDs involves risks, and therefore all scenarios may be plausible. The content above is not a recommendation to sell or buy but rather an explanatory reading of price movement on the chart.

S1: 4245.00	R1: 4407.00
S2: 4151.00	R2: 4475.00
S3: 4083.00	R3: 4569.00