Forex Trading Library

Gold Analysis 07-10-2025

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Gold managed to met the target at 3945-50 and broke higher as prices closed from the second target and resistance of 3980-85.
As we see over the chart, the market is now facing the support zone around 3945-50, whereas long as prices remain above it, more advance toward 4000 and above will be expected.
Below 3945 more of a drop will be expected with supports around 3920 and 3890, where each one of those supports have the chance to re-activate the advance wave again.

SUPPORT RESISTANCE
LEVEL1 3945-50 3985
LEVEL2 3920 4000
LEVEL3 3890 4050

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