XAU/USD quotes continue to move within a downward trend and a bullish channel. At the time of this forecast’s publication, the price of gold today is $4,032 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. At this point, we should expect an attempt at a bullish correction in gold prices and a test of the resistance level near 4,185. From there, we should expect a downward rebound and a continued decline in gold prices, with a potential target below 3,745.
GOLD Forecast and XAU/USD Analysis for October 23, 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 4335 would cancel the gold price decline scenario on October 23, 2025. This would indicate a breakout of the resistance area and continued price growth above 4565. Expect the XAU/USD price decline to accelerate with a breakout of the support area and a price close below 4005.
GOLD Forecast and XAU/USD Analysis for October 23, 2025 suggests an attempt to develop a bullish price correction and test the resistance area near 4185. Subsequently, a continued decline in base metal prices with a target below 3745. A strong rally in the market and a breakout of 4335 would cancel the gold price decline scenario. This would indicate a continued rise in gold prices with a potential target above 4565.
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