XAU/USD quotes continue to move within a strong decline and a bullish channel. At the time of this forecast’s publication, the gold price today is $4,104 per troy ounce. Moving averages indicate a short-term bullish trend. Prices are again testing the area between the signal lines, indicating selling pressure and a potential continuation of the decline from current levels. Currently, we expect an attempt at a bullish correction in gold prices and a test of the resistance level near 4,285. From there, we expect a downward rebound and a continued decline in gold prices, with a potential target below 3,975.
GOLD Forecast and XAU/USD Analysis for October 22, 2025
An additional signal favoring a decline in XAU/USD quotes will be a test of the broken support line on the relative strength indicator (RSI). A second signal will be a rebound from the lower boundary of the bullish channel. A strong rally and a breakout of 4245 would cancel the gold price decline scenario on October 22, 2025. This would indicate a breakout of the resistance area and continued price growth above 4385. Expect the XAU/USD price decline to accelerate with a breakout of the support area and a price close below 4045.
GOLD Forecast and XAU/USD Analysis for October 22, 2025 suggests an attempt to develop a bullish price correction and test the resistance area near 4285. Subsequently, a continued decline in base metal prices with a target below 3975. A strong rally in the market and a breakout of 4245 would cancel the gold price decline scenario. This would indicate a continued rise in gold prices with a potential target above 4385.
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