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 $4,285 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 4,245. From there, we expect an upward rebound and continued growth in the gold price, with a potential target above 4,435.
GOLD Forecast and XAU/USD Analysis for October 17, 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 4165 would cancel the October 17, 2025, rally. This would indicate a breakout of the support area and a continued decline in the asset’s price below 3995. Expect an acceleration in XAU/USD price growth with a breakout of the resistance area and a price close above 4365, which would indicate a breakout of the upper boundary of the bullish channel, signaling growth by the channel’s width.
GOLD Forecast and XAU/USD Analysis for October 17, 2025 suggests an attempt at a bearish price correction and a test of the support area near 4245. Subsequently, base metal prices are expected to continue rising with a target above 4435. A decline in the market price and a breakout of 4165 would cancel out the gold price rally. This would indicate a continued decline in gold prices with a potential target below 3995.
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