Gold Daily Plan | Oct 21, 2026

Gold Daily Plan | Oct 21, 2026 – Base at 4105–4113, reclaiming the 0.618

H1 view: Since the 4199 high, gold has been printing lower highs and broke its rising trendline on Oct 19. But sellers keep failing at the **4105–4113 support**, which has held for two days and is building a base. Price is now pushing back above the **0.618 Fibonacci (4125.79)**.

Fibonacci of the last bullish leg (4080.41 → 4199.21):

- 0.382 → 4153.83

- 0.500 → 4139.81

- 0.618 → 4125.79

- 0.786 → 4105.84

Fundamentals:

- Talks over the Strait of Hormuz pulled Brent back from above $110, which eases inflation fears a little.

- The headwind: US 10-year yields are above 5.1%, and markets are pricing a Fed hike in December. That keeps rallies limited.

- The Fed decision is next week. Today: US crude inventories and the 20-year Treasury auction.

Trade: BUY LIMIT XAUUSD (H1)

I want to buy a retest of the 0.618, not chase the bounce.

- Entry: 4124

- SL: 4104

- TP1: 4140

- TP2: 4154

Invalidation: an H1 close below 4104 breaks the base, and 4064–4074 comes into play.

Until 4155 breaks, this is a bounce inside a 4105–4155 range, not a new uptrend.

Not financial advice – manage your risk.