Gold Daily Plan | Oct 12, 2026

Gold Daily Plan | Oct 12, 2026 – Long from 4165 at the 0.618 + trendline

Gold bounced from the 4081 low and rallied up to 4216.77, then pulled back in a healthy correction.

Using a Fibonacci on the bullish leg (4081.70 → 4216.77), the pullback stopped exactly at the **0.618 level (4165.17)**, right on the **rising trendline** from the 4081 low. A wick down to ~4157 was quickly bought back, which shows buyers defending this area.

Trade: BUY XAUUSD

- Entry: 4165

- SL: 4140

- TP1: 4188

- TP2: 4217

Invalidation: an H1 close below 4149 breaks the trendline and cancels the setup.