Today’s Gold Analysis Overview:
- The overall of Gold Trend: Subject to a bearish technical correction.
- Today's Gold Support Points: $4,020 – $3,975 – $3,920 per ounce.
- Today's Gold Resistance Points: $4,110 – $4,180 – $4,240 per ounce.
Today's Gold Trading Signals:
- Sell gold from the resistance level of $4,150, with a target of $3,970 and a stop loss of $4,200.
- Buy gold from the support level of $3,980, with a target of $4,200 and a stop loss of $3,910.
Technical Analysis of Gold Price (XAU/USD) Today:
History repeats itself. The gold price indicator faced the historical psychological peak of $4000 per ounce during the trading session on October 7, 2025. Now, in the same month, the gold indicator is facing the $4000 per ounce level as a psychological support. According to gold trading company platforms, spot gold prices in the same month reached an all-time historical record high of $4382 per ounce.
The bearish technical correction in gold’s trajectory anticipates a week filled with important and influential events. According to gold analysts' expectations, the gold trading market will be significantly shaken by the reaction to the Federal Reserve's interest rate decisions, amid strong expectations for a cut. However, markets are looking for clear signals regarding the future easing of the Fed's policy in the coming months. This comes alongside another influential market event: the outcome of the meeting between US President Trump and the Chinese President to halt the trade dispute between the world's two largest economies.
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Will gold prices rise in the coming days?
Currently, following the recent profit-taking sell-offs experienced by the gold trading market, the vast majority of commodity market analysts have shifted to a bearish or neutral bias, while long-term investors still hold onto a slight majority of bullish forecasts. According to analysts, the correction was long-anticipated but slightly exaggerated due to the fear it generated among weak-handed investors in gold and silver. However, the lower-than-expected US Consumer Price Index (CPI), coupled with the anticipated interest rate cut this week, should be sufficient to return gold's trajectory to the upward zone.
Trading Tips:
Whatever the reaction to this week's events may be, we still favor buying gold on every sharp decline in prices. But as I always advise, never take risks and be a keen observer of the market's influencing factors to capture the best trading opportunities.
Gold market experts believe that prices may decline to form a serious buying base for a strong launch upwards once again. This is because all factors that have influenced the gold market over the past three years remain firmly in place. While the gold market recovery appears technical, we are now likely going through a consolidation phase, and the gold price may fluctuate between $4000 and $4300 per ounce for some time.
Fundamentally, with the US government shutdown still ongoing, there will be little economic data released this week. Instead, global central bank policy will return to the forefront, with the main focus being the Federal Reserve's interest rate decision. Events will focus on Wednesday, with the Bank of Canada's monetary policy decision and US pending home sales in the morning, before the Fed's monetary policy decision at 2:00 PM. Later that evening, the Bank of Japan will also update its monetary policy. Ultimately, this week concludes with the European Central Bank's monetary policy decision on Thursday morning.
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