Technical Analysis: Spot gold is showing a range-bound pattern, with a neutral range between $5,000 and $5,080.
Show original
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
1. Short-term technical pattern: Spot gold is currently trading within a narrow range between $5,000 and $5,080 per ounce, exhibiting a neutral trend. This range is formed by the 50% and 61.8% projection levels of wave a (from $4,401 to $5,091) corresponding to wave c, which started at $4,654. A breakout above $5,080 could push gold prices up to test $5,344 (the 100% projection level of wave c corresponding to wave a); a drop below $5,000 could lead to a further decline towards $4,917 (the 38.2% projection level).2. Daily structure analysis: On the daily chart, the market is currently in a wave B rebound that started from $4,401, with the final target yet to be determined. A weaker wave B may end within the $5,006–$5,149 range; if wave B shows stronger momentum, it could extend to $5,611.3. Current trend assessment: As gold prices have stabilized above $5,000, there is a short-term possibility of climbing to $5,149. Overall, before a clear breakout from the current consolidation range, directional signals remain limited. Investors should pay attention to breakouts at the range boundaries to confirm subsequent trends.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!
You may also like
Wall Street Puts $3.5 Billion Into Crypto Despite Rising Interest Rates
BeInCrypto•2026/09/30 20:03
The US Dollar Index rose 0.08% on September 30.
金色财经•2026/09/30 20:01

Bitcoin outperformed the S&P 500 and gold in September.
AiCoin•2026/09/30 19:21

Crypto prices
MoreBitcoin
BTC
$83,658.94
+0.09%
Ethereum
ETH
$2,679.18
-0.45%
Tether USDt
USDT
$0.9994
-0.02%
BNB
BNB
$767.4
+1.39%
XRP
XRP
$1.49
-0.35%
USDC
USDC
$1
+0.00%
Solana
SOL
$118.03
-0.90%
TRON
TRX
$0.3378
+0.79%
Zcash
ZEC
$1,424.93
+1.88%
Hyperliquid
HYPE
$90.25
+5.12%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now