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Gold Short-term Outlook: XAU/USD Overbought Rally Hits Record Highs
Gold prices ripped to fresh record highs this week, with XAU/USD extending its seventh consecutive weekly advance. The October opening range is forming just below long-term uptrend resistance, leaving the focus on whether momentum can fuel another breakout or if the overbought rally risks a near-term pullback. The broader outlook remains constructive while above this week’s low. Battle lines drawn on the XAU/USD short-term technical charts. Technical Outlook: In last month’s Gold Short-term Outlook we noted that the XAU/USD was trading just below uptrend resistance and that, “From a trading standpoint, ... (full story)
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- Oct 3, 2025 3:01pm Posted byTechnical Analysis293
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