Gold levels, Fri 23 Oct: S1 4016 is the decision zoneGold - CashCMCMARKETS:GOLDRealMichaelNeoGold (XAUUSD) · Friday's daily pivot levels R3 4187 R2 4140 R1 4111 Pivot 4063 S1 4016 S2 3987 S3 3940 Where price sits Gold is at 4024, below the pivot and $8 above S1. Bias: lower. Thursday's low, 4021, sits just above S1. The level that matters: S1 4016 Thursday's low and the round 4000 are both close by. That makes S1 the decision zone. • If S1 holds and the close comes back above it, the path is back to the pivot at 4063. That's $47 of room, plenty for 1.5R. • If the H1 closes below S1 and the retest from below holds, S2 at 3987 opens, through the 4000 line on the way. Day's width S1 to R1 is $95 and S3 to R3 is $247. That's the widest day in weeks, after four days of squeeze between $29 and $41. With zones this wide, S3/R3 first-touch reactions are in play. On wide days, keep the stop at the invalidation point, not further, and size down so the risk stays the same. Calendar (UK time) 07:00 UK retail sales 08:15–09:30 Euro and UK flash PMIs 14:45 US flash PMIs 15:00 US consumer sentiment No Tier 1 release. Educational, not advice.