#gold #firstmininggold #preciousmetals #bullmarket #correction #oversold #patience #FF #FFMG ??

Friday’s NFP-driven selloff capped a rough week, with gold spiking to USD 4,227 before collapsing to USD 4,125.  While the new week starts on a firmer note, the broader corrective trend from January remains intact & price action is still weak, leaving the door open for another test of the key support zone around USD 4,000.  That said, daily & 4h stochastic are oversold, hence a bounce is plausible; a move back above USD 4,175 would likely fuel a recovery toward USD 4,200 and our bias level near USD 4,220, but failure to sustain above this area keeps the bearish bias and the path toward USD 4,000 in play.

https://floriangrummes.substack.com/p/gold-daily-call-for-october-5th-2026