From TradingView · · 1m 10s
SilentEntry | GOLD Daily Outlook - Friday, 16 October 2:00 PM
Gold price tests 4,190 resistance before reversing toward support.
In brief
Gold price tests 4,190 resistance before reversing toward support. Gold reached 4,190 but reversed below 4,180 after failing to sustain breakout above resistance. Originally reported by TradingView.
Market Bias
Bearish HTF | H4 Recovery | Bullish H1 | Neutral Intraday.
Chart Reference
4,173.110.
Price Action
Gold recovered from 4,075, 4,080 region to 4,183, 4,185 with first selling reaction.
Current Decision Area
Price trading within 4,165, 4,180 decision zone.
Major Resistance
4,195, 4,215.
Near Resistance
4,180, 4,190.
First Support
4,150, 4,160.
Major Support
4,115, 4,130.
Bullish Invalidation
Below 4,110.
Bullish Scenario
Support defence around 4,165, 4,170 with bullish M5/M15 confirmation.
Bearish Scenario
Rejection near 4,183, 4,190 with bearish M5/M15 displacement.
Economic Events
US Import/Export Prices and US Industrial Production on Friday, 16 October 2026.
Session Review
Gold reached 4,190 but reversed below 4,180 after failing to sustain breakout.
Target Performance
4,190 achieved; 4,200 approached; 4,160 achieved.
The big picture
Gold reached 4,190 but reversed below 4,180 after failing to sustain breakout above resistance.
