XAUUSD H1 · Thursday levels: pivot 4116 decides, wide day

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XAUUSD H1 · Thursday levels: pivot 4116 decides, wide dayGoldOANDA:XAUUSDRealMichaelNeoDaily Fibonacci pivots for Thursday 8 October, calculated from Wednesday's high, low and close. R3 4219 R2 4180 R1 4155 Pivot 4116 S1 4076 S2 4052 S3 4012 Price is just below the pivot at 4110. After the FOMC minutes, gold settled into a range around it. The pivot is the level that matters today, with R1 at 4150–4155 above it. If the pivot holds as resistance, the next level down is S1 at 4076. A clear hourly close above the pivot opens R1 at 4150–4155. Wednesday's range was $103, so today's levels are wide again: $79 between S1 and R1, and $207 from S3 to R3. The main trend is still lower. On a wide day, the extremes at S3 and R3 tend to react on the first touch. Everywhere else, the hourly close and the retest confirm whether a level holds. Events: Fed's Waller speaks at 09:30 UK. US jobless claims at 13:30 UK. Educational content showing pre-calculated levels. Not investment advice or a recommendation to trade.