XAU/USD quotes continue to move within a developing bullish correction and bearish channel. At the time of publication of this forecast, the price of gold today is $4,003 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. At this point, we should expect an attempt at a bullish correction in gold prices and a test of the resistance level near 4,025. From there, we should expect a downward rebound and continued decline in gold prices, with a potential target below 3,795.
GOLD Forecast and XAU/USD Analysis for October 31, 2025
An additional signal for 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 upper boundary of the bearish channel. A strong rally and a breakout of 4085 would cancel the gold price decline scenario on October 31, 2025. This would indicate a breakout of the resistance area and continued price growth above 4365. 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 31, 2025 suggests an attempt to develop a bullish price correction and test the resistance area near 4025. Subsequently, a continued decline in base metal prices with a target below 3795. A strong rally in the market and a breakout of 4085 would cancel the gold price decline scenario. This would indicate a continued rise in gold prices with a potential target above 4365.
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