Gold moved sideways at the end of September with a relatively wide range of more than 20 points last night.
This movement is believed to show that Gold is at a crucial threshold ahead of macroeconomic news and major profit-taking by investors and large funds, causing Gold to fluctuate and move sideways while waiting for the end of Q3 2025.
In addition, today the market is also cautiously awaiting the PCE data related to inflation. This will be a surprising factor as it will provide signals about U.S. inflation and could potentially indicate a shift in the Fed’s rate-cutting path in the final quarter of this year.
Technical analysis:
Today, the market will likely follow two main scenarios.
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First, it may continue to move sideways within a wide range of 371x – 375x $/ounce.
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Second, it could experience a deep correction below the 36xx zone if large funds continue their profit-taking activities.
Trí Hùng
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