At 8:57 AM on October 8, 2025 (GMT+7), gold officially reached the $4,000/ounce mark — marking the highest level in history.
The upward momentum of gold shows no signs of stopping as major influencing factors such as concerns over a potential U.S. government shutdown, rising expectations of a Fed rate cut, and continuous gold reserve purchases by the Chinese central bank continue to support the bullish trend.
Therefore, in the short term, gold is expected to continue its strong rise over the next two days before the release of the Non-Farm Payroll report.
However, if the U.S. labor market shows no signs of improvement, gold may continue to gain support, potentially reaching $4,100 or even $4,200/ounce within October.
Technical analysis:
Gold has officially broken out of the strong resistance zone at $4,000.
In the short term, only consider BUY positions at price pullback areas:
1: BUY around 3983.
2: BUY around 395x.
Target levels for BUY positions are 405x – 407x within the day. For the medium term, the next target could be 4100$/ounce.
Trí Hùng
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