XAU/USD quotes continue to move within a growing trend and a bullish channel. At the time of this forecast, the price of gold today is $4,202 per troy ounce. Moving averages indicate a short-term bullish trend. Prices are again testing the area between the signal lines, indicating pressure from asset buyers and potential continued growth from current levels. Currently, we expect an attempt at a bearish correction in the gold price and a test of support near 4,145. From there, we expect an upward rebound and continued growth in the gold price, with a potential target above 4,345.
GOLD Forecast and XAU/USD Analysis for October 16, 2025
An additional signal for XAU/USD quotes to rise will be a test of the bullish support line on the relative strength indicator (RSI). A second signal will be a rebound from the lower boundary of the bullish channel. A decline in gold prices and a breakout of 4105 would cancel the upward price scenario for October 16, 2025. This would indicate a breakout of the support area and a continued decline in the asset’s price below 3965. Acceleration in XAU/USD price growth should be expected with a breakout of the resistance area and a price close above 4285.
GOLD Forecast and XAU/USD Analysis for October 16, 2025 suggests an attempt to develop a bearish price correction and a test of the support area near 4145. Subsequently, a continued rise in base metal prices with a target above 4345. A decline in the market price and a breakout of 4105 would cancel the upward price scenario for gold. This would indicate a continued decline in gold prices with a potential target below 3965.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
