Gold market analysis

"Gold Price Above 4200 Reorganizes Uptrend" 10/12/2025 10:22 Finalized 

Yesterday, the spot gold price dropped to a low of $4,170.42 in the early European session before rebounding. It remained above $4,200 until the opening of the New York market, where it briefly fell below $4,200 but stabilized at around $4,190. It rose to a high of $4,221.58 by the close of the London market, and although it fell back again, it held above $4,201.65 and continued to climb. It reached a high of $4,216.17 in the late New York session. Today, it dropped to a low of $4,207.07 in the early Asian session before surging. It was twice held back at around $4,218 but remained above $4,210. 

The performance of gold prices in the late New York session yesterday and the early Asian session today was clearly different from that on Monday, suggesting that speculators have begun to position themselves for the Federal Reserve's interest rate decision tonight (3 a.m. Thursday). From the daily chart, it can be seen that the price range of gold expanded yesterday and formed a bullish candle with a higher high and lower low. Optimistically, it is expected that gold prices will break through $4,260 as previously predicted and then challenge $4,310. Yesterday's low did not touch the 20-day moving average on the daily chart (currently around $4,154), and it also fell below the low of the breakout candle on November 28 ($4,157), but of course, this did not send out a signal of a downturn. 

The hourly chart shows a head and shoulders bottom. 

From the hourly chart, it can be seen that the gold price plunged sharply with a large bearish candle after the London close last Friday. Since then, all the rebounds have failed to close above $4,220. However, the pattern is gradually forming a head and shoulders bottom, with $4,219.56 being the neckline. Therefore, based on the measurement of the range, if the gold price clearly breaks through and closes above $4,220 on the hourly chart, the upward target would be approximately $4,268.7, which is slightly higher than the Gann angle of $4,260. For the time being, the first important support level for spot gold is $4,210, followed by $4,200. The possibility of the gold price testing below $4,210 is still high, but the probability of it falling below $4,200 seems low. 

The above content is for reference only and does not constitute investment advice.