The global gold price (XAUUSD) on October 20, 2025, faced a downward correction after reaching new record highs around $4,377, and is now trading in the $4,230–$4,280 range. In this analysis, the Trendo broker’s educational team examines both the technical and fundamental aspects of the market to provide a clearer outlook on the current situation and future trends of gold. You can also access the Trendo platform to use its advanced analytical tools, professional charting features, and trading capabilities to conduct your analyses with greater precision and confidence.
Technical Analysis of XAUUSD
From a technical perspective, after a strong rally to $4,377 on Friday, gold experienced a sharp bearish candle, falling below $4,200. However, early signs of renewed bullish momentum are now emerging.
Key support levels:
- $4,193
- $4,099
- $3,948
Gold Technical Analysis on Trendo Platform – H1 Timeframe
As long as these support levels hold, the uptrend is likely to continue. Conversely, the main resistance remains at $4,377 (All-Time High).
The RSI indicator is currently in the overbought zone, signaling a possible slowdown in bullish momentum. Nevertheless, the overall trend remains upward, and a “buy the dip” strategy continues to be considered reasonable and relatively low-risk as long as key supports are maintained.
RSI Indicator on Gold Chart (Trendo Platform – Daily Timeframe)
Fundamental Analysis of XAUUSD
From a fundamental standpoint, gold remains supported by several key factors. Continued central bank purchases to strengthen foreign reserves, the potential 25-basis-point rate cut by the Federal Reserve in the coming months, and the relative weakness of the U.S. dollar are among the primary drivers sustaining demand for gold.
Additionally, rising trade tensions between the U.S. and China, along with global geopolitical risks, have enhanced gold’s appeal as a safe-haven asset. Meanwhile, the U.S. 10-year Treasury yield, fluctuating around 4%, exerts additional downward pressure on the dollar—further benefiting gold prices.
In the days ahead, key economic data, including the Consumer Price Index (CPI) on October 24 and the Federal Reserve’s interest rate decision on October 29, are expected to determine the market’s direction. To stay updated on these events, you can use the Trendo Economic Calendar, which provides real-time access to upcoming news releases with exact dates and times.
Conclusion
Gold (XAUUSD) shows further upside potential today (October 20, 2025), but traders should closely monitor resistance levels and apply proper risk management strategies. To trade gold with the lowest spreads and commissions, visit the Trendo comprehensive trading platform, where you can benefit from advanced technical and fundamental analysis tools for an optimal trading experience.
Download the Trendo Platform and Trade Gold with the Lowest Spread
Disclaimer:
This analysis is intended solely for educational and informational purposes and does not constitute financial advice or investment recommendations. All trading decisions should be made with careful risk management, and the responsibility lies entirely with the trader.
