Gold is ending the trading week with a strong rally near the 4310 area. XAU/USD quotes continue to move within the upward trend 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 4095 area. Further upward price rebounds and continued growth in XAUUSD this trading week, with a potential target above 4655.
GOLD Weekly Forecast XAU/USD October 20 — 24, 2025
An additional signal favoring growth in gold quotes and prices this trading week (October 20-24, 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 3865 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 3265. A breakout of the resistance area and a close above 4535 will confirm the asset’s price growth.
GOLD Weekly Forecast XAU/USD October 20 — 24, 2025 suggests an attempt to develop a bearish correction and test the support level near 4095. Then, gold prices will continue to rise with a target above 4655. A test of the trendline on the relative strength indicator (RSI) will support the upward trend. A decline and a breakout of 3865 would cancel out the gold rally. This would indicate a continued decline below 3265.
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