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Gold: Testing fresh highs – OCBC
By FXStreet Insights Team
Date Published: 1 Oct 2025 | Date Modified: 1 Oct 2025
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Gold extended its run higher, hitting intra-day high of 3875 levels, before backing off. XAU last seen at 3876 levels., OCBC's FX analysts Frances Cheung and Christopher Wong note.
Gold extended its run higher, hitting intra-day high of 3875 levels, before backing off. XAU last seen at 3876 levels., OCBC's FX analysts Frances Cheung and Christopher Wong note.
Underlying momentum remains bullish
"Underlying momentum remains bullish but RSI remains in overbought conditions. Resistance at 3,890 (138.2% fibo extension), 4,006 levels (150% fibo ext). Support at 3,750, 3,657 (21 DMA) and 3,500."
"The underlying bias remains bullish, supported by central bank purchases, rise in gold ETF flows, Fed easing cycle (lower opportunity cost), tariff uncertainties."
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