10.25 Jinying Gold: Gold Forecast for Next Week — Gold Price Breaks Below 4,000! Bears Are Firmly in Control; Sell Into Rallies!
Spot gold fell steadily from this week’s high of 4,198, repeatedly breaking through support levels in a stair-step decline. The sell-off accelerated toward the end of the week, driving prices below the key 4,000 level and down to a low of 3,975. Gold is now consolidating weakly near 3,997, with bears firmly in control of the market.
On the news front, expectations of Fed rate cuts continue to cool. Rising U.S. Treasury yields and a stronger dollar are weighing on precious metal valuations. This, combined with a wave of profit-taking by bullish traders at elevated levels, triggered a sell-off and fueled bearish sentiment, further amplifying gold’s decline.
Technically, the bearish trend is clear on the 2-hour chart. The moving averages are bearishly aligned and diverging downward. The 4,000 level has turned from support into strong resistance, while bearish MACD momentum continues to build, pointing to near-term weakness. Watch 3,975, the previous low, for support, and 4,027 for resistance.
Trading reference: Sell in stages on rebounds into the 4,000–4,020 range, with targets at 3,980 and then 3,950.
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Spot gold fell steadily from this week’s high of 4,198, repeatedly breaking through support levels in a stair-step decline. The sell-off accelerated toward the end of the week, driving prices below the key 4,000 level and down to a low of 3,975. Gold is now consolidating weakly near 3,997, with bears firmly in control of the market.
On the news front, expectations of Fed rate cuts continue to cool. Rising U.S. Treasury yields and a stronger dollar are weighing on precious metal valuations. This, combined with a wave of profit-taking by bullish traders at elevated levels, triggered a sell-off and fueled bearish sentiment, further amplifying gold’s decline.
Technically, the bearish trend is clear on the 2-hour chart. The moving averages are bearishly aligned and diverging downward. The 4,000 level has turned from support into strong resistance, while bearish MACD momentum continues to build, pointing to near-term weakness. Watch 3,975, the previous low, for support, and 4,027 for resistance.
Trading reference: Sell in stages on rebounds into the 4,000–4,020 range, with targets at 3,980 and then 3,950.
#黄金 $BTC $ETH
