Gold Intraday Trading Plan 10/7/2025

Gold is insane recently. It continues to rise without any retrace. Yesterday it went up from 3883 all the way to 3970. To me, this is difficult to engage buying orders as the stop loss will be too far. Gold is now approaching my weekly target and could finally have some retrace in my opinion.

Therefore, I am looking to buy from 50% Fibo retrace of yesterday's daily candle, which is at 3927, targeting 3993. Alternatively if 3993 is reached first, I am looking to sell toward 3950.