FPG XAUUSD Market Report October 6, 2025

Gold continues to extend its record-breaking rally, reaching a fresh all-time high at 3920 before a mild correction toward 3902. Despite the short-term pullback, the momentum remains highly aggressive and volatile, supported by strong buying sentiment. The previous all-time high at 3897 now acts as a key support zone, potentially serving as a rebound point if buyers re-enter, or as a critical level that sellers may test for a deeper retracement.

From a technical perspective, the Ichimoku Cloud remains bullish with price action staying above the conversion and baseline lines, signaling continued upward momentum. The Parabolic SAR dots sit firmly below the price, indicating an active uptrend. Meanwhile, Stochastic Oscillator shows an overbought condition, hinting at possible short-term correction, while the MACD histogram continues to display bullish momentum. A sustained close above 3920 could open the path toward the next psychological level near 3950, while failure to hold above 3897 could invite profit-taking back to the 3850 zone.

Gold’s latest surge is driven by growing geopolitical tensions, persistent inflationary pressures, and expectations of future U.S. rate cuts. The weakening U.S. Dollar Index (DXY) and lower Treasury yields have further fueled safe-haven demand. Additionally, increasing concerns over global economic slowdown and central banks’ ongoing gold accumulation continue to bolster long-term bullish sentiment. As markets price in a softer U.S. monetary stance, gold remains a preferred asset for investors seeking stability amid uncertainty.

Market Observation & Strategy Advice

1. Current Position: Gold is currently trading around 3902, following a brief correction after reaching a new all-time high at 3920. Market sentiment remains bullish, though momentum is showing signs of cooling as price consolidates near the upper range.

2. Resistance Zone: The immediate resistance stands at 3920 – 3930, marking the recent record high area. A confirmed breakout above this zone could extend the rally toward 3950 and 3980, driven by continued buying interest and bullish technical alignment.

3. Support Zone: Near-term support is seen at 3897, the previous all-time high level, followed by 3858 as the next key downside area. Sustained price action above these supports will maintain the bullish structure, while a drop below 3850 may trigger a short-term correction toward 3819.

4. Indicators: Technical readings continue to support the overall bullish tone. The Ichimoku Cloud shows price action well above the cloud, reinforcing an upward bias. Parabolic SAR dots remain below the candles, suggesting that buyers still dominate. However, the Stochastic Oscillator indicates overbought conditions, hinting at a possible short-term retracement. Meanwhile, MACD stays in positive territory, though its histogram appears to flatten — signaling that bullish momentum may be slowing down in the near term.

5. Trading Strategy Suggestions:

• Primary Bias: Wait for confirmation before entering new long positions.
• Buy Zone: Consider accumulating around 3858 – 3865 if price retraces with stable momentum.
• Upside Target: Initial rebound toward 3900 – 3920, with potential continuation to 3950 upon breakout.

Market Performance: 

Precious Metals Last Price.  % Change

XPTUSD     1,625.98 +0.39%

XAGUSD     48.0355 +0.09%

Today’s Key Economic Calendar:

UK: S&P Global Construction PMI 

EU: Retail Sales MoM

Risk Disclaimer This report is for informational purposes only and does not constitute financial advice. Investments involve risks, and past performance does not guarantee future results. Consult your financial advisor for personalized investment strategies.

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