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Gold appears to continue the weakening bearish bias toward its nearest support level. Thursday, October 23, 2025.

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[Gold] – [Thursday, October 23, 2025]

Considering the EMAs position which still in a Death Cross configuration and the RSI indicator remains in the Neutral-Bearish zone, Gold has the potential to extend its decline today.

Key Levels:

1. Resistance. 2 : 4244.28

2. Resistance. 1 : 4170.97

3. Pivot : 4087.50

4. Support. 1 : 4014.19

5. Support. 2 : 3930.72

Tactical Scenario:

Pressure Zone: If gold breaks down and closes below 4,087.50, it may continue its decline toward 4014.19.

Momentum Extension Bias: If 4014.19 is breached and closes below, gold could try to test the 3930.72 level.

Level Invalidation / Bias Revision:

The downside bias is invalidated if the price successfully breaks and closes above 4244.28.

Technical Summary:

EMA(50) : 4095.89

EMA(200): 4175.20

RSI(14) : 47.12

Economic News Release Agenda:

Tonight there will be data release from United States :

US - Existing Home Sales - 21:00 WIB

US - Natural Gas Storage - 21:30 WIB

Gold appears to continue the weakening bearish bias toward its nearest support level. Thursday, October 23, 2025. - ExpertFX School

The material has been provided by InstaForex Company - www.instaforex.com
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