Gold Daily Levels, Oct 7, 2026
XAUUSD H1 – Liquidity sweep below 4104, eyeing a Fibonacci bounce Gold dropped sharply from 4225 to the 4104 area and briefly broke below it, leaving a long wick down to around 4070. Buyers stepped in fast, which looks like a liquidity sweep under the previous lows. If price reclaims 4104, a corrective move higher is on the table. Fibonacci of the last bearish leg (4225.33 → 4104.57): - 0.236 → 4133 - 0.382 → 4150 - 0.500 → 4165 - 0.618 → 4179 Key events today (GMT): - 17:00 – Trump speech + US 10-year note auction - 18:00 – FOMC Minutes Any comments from Trump on the Fed, rates or tariffs can move the dollar fast, and the FOMC minutes come right after. A dovish tone or a weaker dollar would support gold. Plan (bullish bias, wait for the news): - No entries before the speech. Let the first










