Trading Signals for GOLD (XAU/USD) for October 30-31, 2025: buy above $3,950 (200 EMA - 5/8 Murray)

[Ben Graham]

Gold is trading around 3,936, above the 5/8 Murray level and below the 200 EMA and 21 SMA. During recent trading, gold found strong support around 3906.

This level, which coincides with the 5/8 Murray level, could present a bullish opportunity for gold to resume long positions. On the H4 chart, we observe that gold is under downward pressure, and it is likely that if there is a sharp break and consolidation below 3,906, we could expect it to reach the key 4/8 Murray level around 3,750.

Conversely, if gold decisively breaks the descending trend channel and consolidates above the psychological level of $4,000, we could expect it to reach 4,062 and even 4,135.

At the beginning of the week, gold left a gap around 4,106, and it is likely that if the price consolidates above 3,950, we could expect it to reach this level and even surpass it, reaching the 4,238 level.

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