empty
 
 
20.10.2025 03:56 PM
Trading Signals for GOLD for October 20-23, 2025: buy above $4,290 (21 SMA - 61.8%)

This image is no longer relevant

Gold is trading around 4,293 with a strongly bullish bias. It is likely that the yellow metal will continue to rise in the coming hours to reach the 61.8% Fibonacci retracement level around 4,310 and could even surpass this area and reach 4,330 or even 4,348.

The eagle indicator is showing a positive signal, so any pullback in the price will be seen as a clear signal to buy, as the eagle indicator is showing bullish momentum.

The instrument is now above the 21 SMA, which favored a strong bullish movement. If there is a pullback in the coming hours towards 4,280 or 4,265, the area where the 38.2% level is located, we can look for opportunities to enter long positions.

The price of gold is expected to reach 8/8 Murray around 4,375 in the coming days. It could even surpass this level and reach the psychological level of $4,400.

Once this level is surpassed, the instrument is likely to rise to reach 4,500 and even +1/8 Murray around 4,531.

Dimitrios Zappas,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
Dimitrios Zappas
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In October we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback