XAUUSD Oct 27 – SELL 4027–4033, BUY 3984–3990GoldOANDA:XAUUSDToan_AlphaDAILY PLAN | XAUUSD Oct 26 plan review: BUY 3976–3983 tagged the 3978.18 low and rallied through TP1 3999, TP2 4013 and TP3 4022 (high 4022.37). SELL 4025–4032 tagged 4025.42 and dropped to 3988.82, hitting TP1 4010 and TP2 3996, missing TP3 3986 by about 2.8 points. 1. Market structure Gold closed Oct 26 at 4017.19 after a 3978.18–4030.07 session. The Asian session opened at 4016.08 and is trading a tight 4010.76–4017.30 range. - D1: the downtrend is intact. Lower highs 4199.08 (Oct 16), 4190.42 (Oct 19), 4155.57 (Oct 20), 4142.23 (Oct 22), 4034.09 (Oct 23), 4030.07 (Oct 26). The Oct 26 daily candle left a long lower wick from 3978.18 to close at 4017.19, and 3978.18 held above the 3975.65 low, so buyers are defending 3975–3983. - H4: price is still ranging inside 3975–4034. The 4025–4034 ceiling was tested three more times (4025.42, 4026.75, 4030.07) and rejected each time. H4 lows are rising, 3978.18, 3988.82, 4008.53, so price is compressing between a flat ceiling and higher lows. - H1 and M15: H1 topped at 4030.07, dropped to 4008.53 and is now flat at 4010–4018. No clear breakout yet. Preferred view: the D1 trend is still down. Favor SELL on a rally into the 4027–4033 ceiling. BUY at 3984–3990 is a counter-trend trade, only with confirmation and quick profits. No trades in the middle, 4003–4022. 2. Key levels Resistance: 4044–4049: H1 highs Oct 22–23 (4044.76, 4046.66, 4048.55). 4025–4034: H4 range ceiling (4025.42, 4026.75, 4030.07, 4032.59, 4034.09). 4017–4022: H1 highs Oct 26 (4017.67, 4019.46, 4020.61, 4022.37). Support: 4003–4012: H1 lows Oct 26–27 (4003.37, 4003.78, 4008.53, 4010.76). 3986–3993: H1 lows Oct 26 (3986.55, 3988.82, 3993.06). 3975–3983: D1 lows Oct 23 (3975.65) and Oct 26 (3978.18), H1 low 3983.26. 3. Main scenarios Scenario 1: SELL at 4027–4033 (with the D1 trend) - Wait for a rally into the 4025–4034 H4 ceiling. Confirmation: H1 pin bar with a long upper wick or a bearish engulfing candle, or a bullish structure break on M15. - Reference plan: Entry: 4027–4033 Stop Loss: 4042 TP1: 4015 | TP2: 3996 | TP3: 3986 R:R (from mid-zone 4030): TP1 1:1.3 | TP2 1:2.8 | TP3 1:3.7 - TPs sit 2–3 points ahead of each level: TP1 above 4003–4012 support, TP2 above 3986–3993, TP3 above 3975–3983. The ceiling has been tested many times, so if H1 closes above 4034 without rejection, stay out. No SELL on an H1 close above 4042. Scenario 2: BUY at 3984–3990 (AGAINST the D1 trend) - This is a counter-trend trade for a short bounce only. Wait for price to reach 3984–3990, then H1 must break above the nearest H1 swing high of the drop (close above it) before entering. No blind bottom-picking. - Reference plan: Entry: 3984–3990 Stop Loss: 3975 TP1: 4001 | TP2: 4015 | TP3: 4022 R:R (from mid-zone 3987): TP1 1:1.2 | TP2 1:2.3 | TP3 1:2.9 - TP1 below the old 4003–4012 support, TP2 below 4017–4022 resistance, TP3 below the 4025–4034 ceiling (not beyond the nearest major barrier). Take partial profit at TP1 and move SL to breakeven. No BUY on an H1 close below 3975. 4. Alternative scenario – break below 3975 - If H4 closes below 3975 and a retest of 3975–3983 fails from below, look for a continuation SELL toward 3959–3970, then 3942–3960. - Do not chase strong bearish candles; wait for the retest for a sensible entry and SL. 5. Invalidation and opposite scenario - An H4 close above 4042 (breaking the H4 ceiling) invalidates the SELL scenario. - Price could then rise to 4044–4049, then the old range floor 4055–4070 for a retest from below. 6. Conclusion - Main bias for Oct 27: bearish on D1, but short term price is compressing inside 3975–4034 with rising H4 lows. Zones to watch: SELL 4027–4033 with the trend, BUY 3984–3990 counter-trend with confirmation. - News: US CB Consumer Confidence at 10:00 AM ET today. The week's main event is the FOMC decision at 2:00 PM ET on Wednesday, Oct 28. Check the spread before placing orders. - Be patient and wait for price reaction at structure zones; do not trade between the two zones. Note: This is a personal technical view, not investment advice. Entry, SL and TP zones are for reference only. Traders should assess their own risk, manage capital and wait for confirmation before making any decision.