XAU/USD quotes continue to move within a developing correction and bullish channel. At the time of publication of this forecast, the price of gold today is $3,860 per troy ounce. Moving averages indicate a short-term bullish trend. Prices have broken above the area between the signal lines, indicating upward 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 the support level near 3,825. From there, we expect an upward rebound and continued growth in the gold price, with a potential target above 3,965.
GOLD Forecast and XAU/USD Analysis for October 2, 2025
An additional signal for an increase in XAU/USD quotes 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 3795 would cancel the upward price scenario for October 2, 2025. This would indicate a breakout of the support area and a continued decline in the asset’s price below 3745. Acceleration in XAU/USD price growth should be expected with a breakout of the resistance area and a price close above 3905.
GOLD Forecast and XAU/USD Analysis for October 2, 2025 suggests an attempt to develop a bearish price correction and a test of the support area near 3825. Subsequently, a continued rise in base metal prices with a target above 3965. A decline in the asset’s market value and a breakout of 3795 would cancel the upward price scenario for gold. This would indicate a continued decline in gold prices with a potential target below 3745.
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