The XAU witnessed a "surge, pullback and rebound" trend this week, recording the largest weekly volatility since 2025.
The movement can be divided into three phases:
1 Monday: A record-breaking sharp rally
2 Tuesday-Wednesday: High-level consolidation and a second rally
3 Thursday-Friday: Volatile swings driven by policy divergences
Looking ahead to next week, if the Federal Reserve's October interest rate decision delivers the anticipated 25-basis-point rate cut as scheduled, gold prices are expected to challenge the 4,080 resistance level; if signals of a "rate cut pause" are released, a deep correction may be triggered with the support level eyed at 3900.
We also need to monitor whether the historical high of 4,057 can be effectively broken and the strength of support around the weekly consolidation center at 3,989.
The movement can be divided into three phases:
1 Monday: A record-breaking sharp rally
2 Tuesday-Wednesday: High-level consolidation and a second rally
3 Thursday-Friday: Volatile swings driven by policy divergences
Looking ahead to next week, if the Federal Reserve's October interest rate decision delivers the anticipated 25-basis-point rate cut as scheduled, gold prices are expected to challenge the 4,080 resistance level; if signals of a "rate cut pause" are released, a deep correction may be triggered with the support level eyed at 3900.
We also need to monitor whether the historical high of 4,057 can be effectively broken and the strength of support around the weekly consolidation center at 3,989.
Trade active
Additionally, global central bank gold purchase data, gold ETF fund flows, and geopolitical breaking news (such as the Middle East situation and the European energy crisis) may act as market catalysts and require continuous tracking.Trade closed: target reached
We predict that next week gold will oscillate upward in the range of 3,960 - 4,080, gradually rise relying on trendline support, and is expected to test the resistance at 4,050 during the week. If it breaks through with increased volume, it will target 4,100 resistance level.
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Welcome to join my free channel for market updates: t.me/+EZspzjD8FT40YTY8
Daily update professional financial trading strategies: t.me/+6i-kmFunsMVkNzQ0
Let profitable trading become easier: t.me/+EZspzjD8FT40YTY8
Daily update professional financial trading strategies: t.me/+6i-kmFunsMVkNzQ0
Let profitable trading become easier: t.me/+EZspzjD8FT40YTY8
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.