XAUUSD: Below the 21 & 50 EMA, 4,066 is the line into FOMCGold US DollarVANTAGE:XAUUSDForexupgoGold is trading around 4,140 after a -5.4% month. Price is now below both the daily EMA 21 (~4,195) and EMA 50 (~4,232), and the US 10Y at ~5.14% keeps the pressure on non-yielding assets. The structure since the September high is a clean series of lower highs. Key levels Resistance: 4,195 (EMA 21) / 4,232 (EMA 50) / 4,376 (20-day high) Support: 4,073 / 4,066 (20-day low) / 4,000 (psychological) Plan Base case: sell rallies into the 4,195-4,232 zone while price stays under the EMAs. A daily close below 4,066 opens the door to 4,000. Invalidation: a daily close back above 4,232 flips the bias to neutral, above 4,376 to bullish. The big event this month is the FOMC (27-28 Oct). Expect volatility around yields and the dollar before that. Not financial advice. Manage your risk.