XAU/USD quotes continue to move within a developing bullish correction and bearish channel. At the time of this forecast, the price of gold today is $3,993 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 bullish correction in gold prices and a test of the resistance level near 4,035. From there, we expect a downward rebound and continued decline in gold prices, with a potential target below 3,765.
GOLD Forecast and XAU/USD Analysis for October 30, 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 4125 would cancel the gold price decline scenario on October 30, 2025. This would indicate a breakout of the resistance area and continued price growth above 4375. Expect the XAU/USD price decline to accelerate with a breakout of the support area and a price close below 3945.
GOLD Forecast and XAU/USD Analysis for October 30, 2025 suggests an attempt to develop a bullish price correction and test the resistance area near 4035. Subsequently, a continued decline in base metal prices with a target below 3765. A strong rally in the market and a breakout of 4125 would cancel the gold price decline scenario. This would indicate a continued rise in gold with a potential target above 4375.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
