10 Oct 2025
Gold (XAU/USD) paused its rally above $4,000 after Israel and Hamas agreed to a ceasefire in Gaza. Geopolitical risks easing reduced demand for safe-haven assets like gold.
However, the outlook remains bullish because the Fed is expected to cut interest rates later this year. Comments from Fed officials highlighted a softening labor market and lower inflation pressures, which support gold.
Technically, gold retraced from the $4,060 high but remains in an uptrend. Key support is near $3,900 and $3,834 (20-day EMA), while resistance is around $4,100. The RSI indicates strong bullish momentum.
In short: gold may consolidate for now but still has upside potential if rate cuts continue.
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