Gold is ending the trading week with a strong rally near the 3745 area. XAU/USD quotes continue to move within the upward movement and bullish channel. Moving averages indicate an uptrend in gold. Prices have broken above the signal lines, indicating buying pressure and potential further price growth. Currently, we expect an attempt at a bearish price correction and a test of the support level near the 3635 area. Further upward price rebounds and continued growth in XAUUSD this trading week, with a potential target above 4075.
GOLD Forecast XAU/USD for September 29 — October 3, 2025
An additional signal favoring growth in gold quotes and prices this trading week (September 29 – October 3, 2025) will be a rebound from the bullish trend line on the relative strength indicator (RSI). The second signal will be a rebound from the lower boundary of the ascending channel. A price decline and a breakout of the 3445 area will cancel the upward trend in XAU/USD quotes. This will indicate a breakout of the lower boundary of the bullish channel and a continued decline in gold prices with a target below 3085. A breakout of the resistance area and a close above 3855 will confirm the asset’s price growth.
GOLD Forecast XAU/USD for September 29 — October 3, 2025 suggests an attempt to develop a bearish correction and test the support level near 3635. Then, gold prices will continue to rise with a target above 4075. A test of the trendline on the relative strength indicator (RSI) will support the upward trend. A decline and a breakout of 3445 would cancel out Gold’s growth scenario. This would indicate a continued decline below 3085.
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