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Gold (XAU/USD) Price Forecast: Downward Pressure Targets 50-Day Support
FX Empire·2025-10-30 04:40

Potential Bounce to ResistanceA rally to test resistance near the 20-day average at 4,072remainspossibleifTuesdays4,072 remains possible if Tuesday’s 3,886 low continues to hold as support. A move above today’s $4,030 high would indicate an advance toward the 20-day line is in progress. Today’s brief attempt at a daily bullish reversal marks the first pullback to test the 20-day since Monday’s sharp breakdown, which saw a weak close near the day’s low.Breakdown SignificanceMonday’s decline not only fell below the 20-day line but also ...