Gold is ending the trading week with a strong rally near the 4116 area. XAU/USD quotes continue to move within a strong bearish correction 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 support near the 3935 area. Further upward price rebounds and continued growth for XAUUSD this trading week, with a potential target above 4675.
GOLD Weekly Forecast XAU/USD October 27 – 31, 2025
An additional signal favoring growth in gold quotes and prices this trading week (October 27-31, 2025) will be a rebound from the bullish trendline 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 3825 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 3245. A breakout of the resistance area and a close above 4275 will confirm the asset’s price growth.
GOLD Weekly Forecast XAU/USD October 27 – 31, 2025 suggests an attempt to develop a bearish correction and test the support level near 3935. Then, gold prices will continue to rise with a target above 4675. A test of the trendline on the relative strength indicator (RSI) will support an upward trend. A decline and a breakout of 3825 would cancel out Gold’s growth scenario. This would indicate a continued decline below 3245.
