Thu, 08 Oct 2026 11:05:07 GMT
XAU/USD Technical Analysis
On the daily chart, XAU/USD remains in a clear corrective downtrend following its late-August peak near 4,700, trading well below its downward-sloping 20-day SMA (4,233.30) and beneath a descending trendline that continues to cap upside attempts. The market is currently consolidating at an immediate support floor around 4,100–4,115, where candles show small, indecisive bodies. A confirmed daily close below 4,100