XAU/USD quotes continue to move within a rising trend and a bullish channel. At the time of this forecast, the price of gold today is $4,052 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 support near the 4,015 area. From there, we expect an upward rebound and continued growth in the gold price, with a potential target above 4,135.
GOLD Forecast and XAU/USD Analysis for October 9, 2025
An additional signal for XAU/USD quotes to rise 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 on October 9, 2025, and a breakout of 3965 would cancel the upward price scenario for gold. This would indicate a breakout of the support area and a continued decline in the asset’s price below 3835. Acceleration in XAU/USD price growth should be expected with a breakout of the resistance area and a price close above 4065.
GOLD Forecast and XAU/USD Analysis for October 9, 2025 suggests an attempt to develop a bearish price correction and a test of the support area near 4015. Subsequently, a continued rise in base metal prices with a target above 4135. A decline in the asset’s market value and a breakout of 3965 would cancel the upward price scenario for gold. This would indicate a continued decline in gold prices with a potential target below 3835.
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