Today's Gold Outlook
Gold Continues Bullish Charge, but Can it Hold?
Daily Gold Sentiment Scan for XAUUSD (Wednesday, September 24, 2025)
XAUUSD is trading at: $3,766.24
Future Forecast
Daily Outlook
Gold (XAUUSD) maintains a strong bullish outlook for today. The metal is trading near its all-time highs, a continuation of the powerful rally seen in recent weeks. The primary drivers remain a weakening US dollar and market expectations of further Federal Reserve interest rate cuts. While the overall sentiment is bullish, there are signs of a potential “blowoff phase” and overbought conditions on technical indicators, which could signal a pause or a temporary correction. The current price action suggests that any dips are likely to be viewed as buying opportunities.
Changes to Weekly Outlook
The weekly outlook remains decidedly bullish, with no fundamental changes. The price action since the weekly scan has reinforced this view, with XAUUSD breaking new records and holding above key psychological and technical levels. The key development is the market’s continued conviction in a dovish Fed, with recent comments from officials being scrutinized for further cues. The bullish momentum has not only been sustained but has accelerated, confirming the established upward trend.
Immediate
Economic Events
Today’s economic calendar for the US is relatively light, but market participants will be keeping a close eye on any further comments from Federal Reserve officials, particularly Fed Chair Jerome Powell, as they could provide new insights into the central bank’s policy direction. Any hawkish surprises could trigger a quick reversal.
Price Analysis
Key Technical Levels
Key technical levels for intraday price action are:
Resistance:
$3,790
Support:
$3,720
$3,707
Trade Insights
Potential Trades
Long
Long on Retracement
Reason
A strong bullish trend is often followed by shallow pullbacks that present new entry opportunities. The market is overbought, so a small retracement is a high-probability event before a potential new leg up.
Time Frame
1-hour, 4-hour
Entry Level
Around $3,720.
Take Profit
Take Profit at $3,780 (targeting the all-time high).
Stop Loss
$3,705 (just below the strong support).
Short
Long on Breakout
Reason
Gold has shown relentless buying pressure. A clear and decisive breakout above the current all-time high could signal another momentum-driven move.
Time Frame
1-hour
Entry Level
Above $3,791.
Take Profit
Take Profit at $3,820.
Stop Loss
Stop Loss at $3,770.
