FX.co ★ Trading Signals for XAU/USD on October 14-16, 2026: buy amid reboound $4,080 (S-3 - 0/8 Murray)

Gold is trading around 4,148 under downward pressure and within a downtrend channel that has been forming since October 8. In the coming hours, U.S. data will be released, and if the data is positive, we could look for opportunities to buy gold—but only if it falls to the 4,100–$4,062 levels.

If the downward pressure continues and gold falls toward the 61.8% Fibonacci retracement level or toward the low from September 28 or early October—around $4,100—in the coming hours, this could be seen as an opportunity to buy on a technical bounce.

On the other hand, gold has a daily S_3 support level around $4,080; this zone could provide a strong bottom, as it would also coincide with the lower band of the downtrend channel, which could offer an opportunity for a technical rebound and be viewed as a positive buy signal.

Finally, gold has strong support around the 0/8 Murray level, which was reached on October 7. If the price falls, it could form a double bottom pattern, which would signal a strong technical rebound in the coming days.

Our trading plan for the next two hours is to wait for gold to find support at the 61.8% Fibonacci level or the daily S3 at $4,080; both levels could present a buying opportunity.

If the data comes in negative for the United States, we could expect a strong upward move until it reaches the upper band of the downtrend channel at $4,173. If gold breaks above this zone, it will be seen as a buy signal, and if it fails and falls below the channel, it could be seen as a signal to take short positions.