FX.co ★ Skull999 | XAU/USD, GOLD

Gold Daiy Forecast According to the daily chart, the price of Gold (XAU/USD) indicates a bullish trend which has entered a corrective phase after a powerful ascend. From the beginning of September 2025, the price has been respectful to the ascending trendline and bullish momentum has been driving the price of Gold from the 3800 zone, all the way to the 4367 resistance level. Continued progress during this phase was fostered by persistent upward structures, alongside the setting of higher highs and lower lows patterns. This typically reflects a robust bullish sentiment. But after peaking, gold was hit by aggressive profit-taking, which saw two big bearish candles pierce the short-term bullish rhythm. This pullback is currently consolidating on the major Fibonacci levels, where the market is seeking new direction. The Fibonacci retracement lines from the swing low at 3615 to the high of 4367 are pointing out major price levels where the buyers and sellers will fight for dominance. The price is sitting around the 38.2% retracement zone at 4105, which is also near the 20-day moving average (red line), with confluence support. Supporting this region is the next important zone around the 50% retracement level at 3990, then the 61.8% level at 3944. These levels have been traditionally respected by gold investors and may find buyers if the market continues to pull back. On the other hand, a close below 3940 daily would suggest that the correction could go deeper to the 3850–3800 zone, where the 100-day moving average and previous swing structure converge. On the positive side, the short-term resistance is just below the 23.6% retracement level of approximately 4170, and then the recent highs of the swings at 4260-4367. A solid bullish breakout above 4170 would indicate that the buyers are taking over and moving the pair back to its all-time highs. However, the latest wide-bodied bearish candles suggest that selling pressure is still intense, and traders now look for either a base formation around current support levels or another leg down to the mid-Fibonacci zones before fresh buying interest will come in. The Moving Average Convergence Divergence (MACD) indicator indicates weakening bullish momentum, as the histogram bars are diminishing and the signal line begins to flatten. At this stage, a corrective phase in the price of gold suggests temporary consolidation in the advance. Still, the MACD is in positive ground, suggesting that the longer-term uptrend remains intact unless there is a deeper breakdown. The Relative Strength Index (RSI) is at 56, which is in a neutral-to-bullish condition. It has cooled down from overbought levels, meaning that gold is in a healthy retracement phase and not reversing its overall uptrend. The Stochastic Oscillator has declined close to the oversold zone, indicating a possible reversal if theres buying interest close to the prevailing support zone. The bigger structural trend remains bullish but in the short term price action Is consolidating in a narrower range between 4085 and 4170. Provided that the price holds above the 50-day moving average around 4057, the market orientation is still positive. If bulls hold this area intact, yet another attempt towards the 4200–4270 area is imminent. But if sellers can push the price below the psychological 4000 level, it can generate further liquidation, perhaps even testing the 61.8% Fibonacci retracement of 3944 before a new bullish momentum sets in. Overall, gold continues in a corrective setup after a robust rally. The pullback to the 38.2–50% Fibonacci supports a healthy pullback in the grand bull trend. Technical indicators also show a temporary loss of steam but not a total reversal. Traders would keep 4100–4050 as a vital demand area and 4170–4200 as short-term resistance on radar. A breakout either way will probably set golds next big move in motion, but with the higher-timeframe setup, buyers still maintain a narrow advantage so long as prices are above 3940.