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#oro - ANALYSIS - 01.10.2026 🐳:
#GOLD rose 0.7% overnight and is trying to reclaim the $4,190 level. If it manages to break above that level by the close of the daily session, it will once again show a slightly bullish trend, and breaking above the orange trend lines would be the next sign of strength to watch for.
HOWEVER, if it fails to break above this level this week, this price pattern would be a bearish signal, and a new drop to $3,900 would be likely.
I’m still maintaining a bullish position in gold, and if it drops to $3,900, I would increase my position.
And although I think it’s unlikely, I still consider there to be a 20% chance it could reach $3,400, in which case I would also increase my position.
BUT in the medium and long term, I’m VERY optimistic about gold, so I’m willing to wait out temporary corrections.
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