Wednesday, October 8, 2025: Gold Forecast and Analysis of the price of gold XAU/USD today
Today’s Gold Analysis Overview:
- The overall of Gold Trend: Strongly Bullish.
- Today's Gold Support Points: $4000 – $3960 – $3890 per ounce.
- Today's Gold Resistance Points: $4060 – $4085 – $4120 per ounce.
Today's Gold Trading Signals:
- Sell gold from the resistance level of $4070, with a target of $3940 and a stop-loss at $4100.
- Buy gold from the support level of $3960, with a target of $4060 and a stop-loss at $3920.
Technical Analysis of Gold Price (XAU/USD) Today:
As we predicted, the gold price index is testing the historic psychological resistance of $4000 per ounce. According to gold trading platforms, spot gold prices rose today, Wednesday, October 8, 2025, to the resistance level of $4040 per ounce, the highest in the history of gold prices. Recently, factors contributing to gains in the gold trading market have increased. The most prominent of these currently are the continued US government shutdown, political turmoil in France, economic concerns in Japan and Argentina, the ongoing war between Russia and Ukraine, and further purchases of gold bullion by central banks. These factors are sufficient for gold bulls to advance further, ignoring, as I have mentioned before, that all technical indicators have reached extreme overbought levels.
Paradoxically, major overseas markets are seeing a new high for the US dollar index today, while crude oil prices are nearly stable at around $61.75 per barrel. Also, the yield on the benchmark 10-year US Treasury bond is currently around 4.15%.
Trading Tips:
Dear TradersUp trader, we advise caution when trading gold at this time, considering the risk involved. Aslo, you can trade small volumes at varying prices, along with other trading and investment products, to ensure your trading account is safe from any sudden price reversals.
The Fate of the US Government Shutdown
In this regard, US President Trump sent mixed messages on Monday about the state of talks with Democrats regarding the US government shutdown. Trump, who has remained on the sidelines for days, said he is open to negotiating with Democrats on healthcare support to end the shutdown, indicating at one point that these talks had already begun, according to a Bloomberg report. Trump's comments seemed to be a shift after Republicans said they would not consider extending support for the US healthcare law until Democrats first pass legislation to fund the government.
Senate Democratic Leader Chuck Schumer issued a statement saying that despite the lack of ongoing talks, "if he is finally willing to work with Democrats, we will be at the table." Hours later, Trump appeared to back down. Trump wrote in a social media post: “I am happy to work with Democrats on our failed healthcare policies, or anything else, but first they must allow our government to reopen.”
Overall, the comments from both sides were the first sign of action after days of inaction on reopening the government.
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The fate of the gold price after $4,000
According to forecasts and observations from gold market analysts. Gold prices hit record highs, surpassing the $4,000 barrier as investors sought safe havens amid economic and political uncertainty. According to the most prominent factors influencing the market, the US government shutdown and political unrest in France and Japan increased market fears, fueling the rally.
The gold market also received support from expectations of further US interest rate cuts, strong inflows from exchange-traded funds, and continued buying by central banks. According to trading experts, some profit-taking and tactical positioning are expected as traders assess the sustainability of the current momentum. However, the overall environment remains supportive, supported by accommodative policy and sustained institutional demand across all regions.
Overall, selling gold at this stage has become a high-risk endeavor for one simple reason: conviction. Institutions, central banks, and individual investors are treating declines as buying opportunities, not signs of exhaustion. They are no longer choosing between risky assets and gold, but rather balancing between them in light of overvalued stocks, rising long-term Treasury yields, and uncertainty about the sustainability of US debt.
Gold has evolved from being a hedge during periods of uncertainty to a "conviction trade," reflecting doubts about policy credibility and the volatility of financial decisions.
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