Created
: 2025.10.01
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
Gold: Testing fresh highs - OCBC
Breaking news
Gold: Testing fresh highs - OCBC
New
2025.10.01 17:34
2025.10.01 17:34
2025.10.01 17:34
Gold extended its run higher, hitting intra-day high of 3875 levels, before backing off. Risk of US government shutdown raises concerns of economic slowdown. XAU last seen at 3876 levels., OCBC's FX analysts Frances Cheung and Christopher Wong note.
Underlying momentum remains bullish
"Earlier, Trump has threatened mass firings of federal workers if government shutdown is not averted. 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."
"While the underlying bias remains bullish, supported by central bank purchases, rise in gold ETF flows, Fed easing cycle (lower opportunity cost), tariff uncertainties, we do caution (albeit low probability) that any surprise twist in averting a slowdown before midnight (30 Sep US time) may see the exuberant run-up correct lower."
"Nevertheless, a shutdown persisting for longer should see gold prices extend higher. The last shutdown in 2018-19 (during Trump presidency 1.0) was one of the longest (over 30 days) in modern history."
Last updated
: 2025.10.01
Related articles
Silver price today: Silver rises, according to FXStreet data
2025.10.01 18:31Gold: Testing fresh highs - OCBC
2025.10.01 17:33India Gold price today: Gold steadies, according to FXStreet data
2025.10.01 13:37Gold eases after refreshing record high; bullish potential seems intact
2025.10.01 13:08Silver Price Forecast: XAG/USD remains above $47.00 amid increased safe-haven demand
2025.10.01 12:29Gold Price Forecast: XAU/USD stays close to fresh highs above $3,850
2025.10.01 10:14
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
USD/CHF bounces up and reaches 0.7960 as the US Dollar pares losses
The US Dollar is trimming some losses during Wednesday's European trading session as the impact of the US government shutdown wears off.
New
2025.10.01 18:51Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Wednesday, according to FXStreet data.
New
2025.10.01 18:31WTI Price Forecast: Languishes near $61.50 support zone; seems vulnerable
West Texas Intermediate (WTI) US Crude Oil prices extend last week's retracement slide from the $66.20 region, or the highest level since August 4, and drift lower for the fourth successive day on Wednesday.
New
2025.10.01 18:28USD/CAD stays above 1.3900 due to lower Oil prices
USD/CAD moves sideways after registering gains in the previous session, hovering around 1.3920 at the time of writing during the European hours on Wednesday. The USD/CAD pair may appreciate as the commodity-linked Canadian Dollar (CAD) could face challenges amid declining Crude Oil prices.
New
2025.10.01 18:26CHF: Intervention, pharma and the franc - ING
It's been quite a busy week for Swiss news. On Monday, the Swiss National Bank effectively increased the amount of CHF banking deposits exposed to a 0.25bp charge. The press release pitched that as a technical clean-up to last year's adjustment in minimum reserves.
New
2025.10.01 18:16GBP/USD: Likely to trade in a range of 1.3415/1.3470 - UOB Group
Pound Sterling (GBP) is likely to trade in a range of 1.3415/1.3470. In the longer run, GBP is likely to trade in a range between 1.3360 and 1.3525, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
New
2025.10.01 18:09DXY: ADP, ISM Mfg today - OCBC
US Dollar (USD) traded a touch softer overnight in amid concerns of US government shutdown. DXY last seen at 97.62 levels.
New
2025.10.01 17:54EUR/GBP eyes range breakout as momentum builds - Société Générale
EUR/GBP is testing the top of its multi-month range, with momentum still tilted higher. Holding above the 50-DMA at 0.8670 would keep the uptrend intact, targeting 0.8765 and potentially 0.8810/0.8825, Société Générale's FX analysts note.
New
2025.10.01 17:48EUR/USD: Consolidation on the daily chart - OCBC
Euro (EUR) continued to trade modestly firmer. Pair was last at 1.1760 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note, OCBC's FX analysts Frances Cheung and Christopher Wong note.
New
2025.10.01 17:47Oil: OPEC+ noise continues to grow - ING
Oil prices extended losses yesterday after reports that OPEC+ may be bringing supply back onto the market at a quicker-than-expected pace, ING's commodity experts Ewa Manthey and Warren Patterson note.
New
2025.10.01 17:44Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
