{"id":31702,"date":"2025-10-08T02:13:16","date_gmt":"2025-10-08T02:13:16","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=31702"},"modified":"2025-10-08T02:13:16","modified_gmt":"2025-10-08T02:13:16","slug":"gold-eyes-4000-as-melt-up-tests-resistance","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/en-asia\/analysis\/gold-eyes-4000-as-melt-up-tests-resistance\/","title":{"rendered":"Gold Eyes $4,000 as \u201cMelt-Up\u201d Tests Resistance"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"559\" src=\"https:\/\/www.vtmarkets.com\/en-asia\/wp-content\/uploads\/sites\/27\/2026\/03\/image_fx_-2025-03-24T190408.948-1024x559.png\" alt=\"\" class=\"wp-image-19121\" \/><\/figure>\n\n\n\n<p><strong>Key Points<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Spot gold rose 0.3% to $3,997.43 after touching a record intraday high of $3,999.36.<\/li>\n\n\n\n<li>Analysts warn the \u201cmelt-up\u201d could pause if prices fail to break above the $4,000 resistance level.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\" \/>\n\n\n\n<p>Gold\u2019s relentless rally continued on Wednesday, with prices hovering just below the $4,000 per ounce mark. Spot gold climbed 0.3% to <strong>$3,997.43<\/strong>, having earlier set a new record intraday high of <strong>$3,999.36<\/strong>, according to ICE data.<\/p>\n\n\n\n<p>The surge comes as <a href=\"https:\/\/t.co\/CKmgKpUGkn\" target=\"_blank\" rel=\"noopener\" title=\"\">traders continue <\/a>to pile into safe-haven assets amid persistent global uncertainty, including political upheavals in Japan and France, as well as the ongoing U.S. government shutdown.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Gold is &quot;standing out as an alternative and alternative investment,&quot;  World Gold Council senior market strategist Joe Cavantoni tells Yahoo Finance, later adding: &quot;It&#39;s really picking up in the Americas.&quot;<br><br>His case: <a href=\"https:\/\/t.co\/oe6BzbXPcI\">pic.twitter.com\/oe6BzbXPcI<\/a><\/p>&mdash; Yahoo Finance (@YahooFinance) <a href=\"https:\/\/twitter.com\/YahooFinance\/status\/1975595725003034996?ref_src=twsrc%5Etfw\">October 7, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>A weaker dollar and expectations of further <a href=\"https:\/\/t.co\/UBHZxzq3dB\" target=\"_blank\" rel=\"noopener\" title=\"\">Federal Reserve rate cuts<\/a> have also fuelled bullion\u2019s ascent, now extending into a multi-week \u201cmelt-up\u201d phase.<\/p>\n\n\n\n<p>A breakout above this channel would be a bullish sign for a continuation of the quickening uptrend. However, our research desk cautioned that failure to sustain momentum at this level could lead to a short-term pullback.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Technical Analysis<\/h2>\n\n\n\n<p>Gold (<strong>XAU\/USD<\/strong>) continues its impressive rally, now trading near <strong>$3,993.91<\/strong>, up <strong>0.24%<\/strong> on the day and just shy of the crucial <strong>$4,000<\/strong> psychological level. This surge marks a continuation of the strong uptrend that began in early August, with gold gaining over <strong>20%<\/strong> since breaking out above the <strong>$3,400\u2013$3,500<\/strong> resistance zone.<\/p>\n\n\n\n<p>The market\u2019s momentum remains robust as traders hedge against ongoing macro uncertainty, a weakening dollar, and persistent concerns surrounding fiscal instability in the U.S.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/en-asia\/wp-content\/uploads\/sites\/27\/2026\/03\/image-10-1024x450.jpg\" alt=\"\" class=\"wp-image-31704\" \/><\/figure>\n\n\n\n<p>From a technical standpoint, the bullish structure remains intact. Price action continues to ride above all key moving averages (<strong>5-, 10-, and 30-day MAs<\/strong>), showing sustained buying interest and consistent higher highs.<\/p>\n\n\n\n<p>The <strong>MACD<\/strong> remains well in bullish territory, with the signal line comfortably below the MACD line and green histogram bars expanding, a clear sign of accelerating upward momentum.<\/p>\n\n\n\n<p>However, traders should note that the rally is approaching overextended territory, with gold nearing a major resistance at <strong>$4,000<\/strong>, which could trigger short-term profit-taking.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Gold held near a record just below $4,000 an ounce as a wobble in tech stocks reinforced investor appetite for haven assets, while the data void created by the US government shutdown impeded the outlook for US monetary policy <a href=\"https:\/\/t.co\/BMJg5pAWI6\">https:\/\/t.co\/BMJg5pAWI6<\/a><\/p>&mdash; Bloomberg (@business) <a href=\"https:\/\/twitter.com\/business\/status\/1975700166427480480?ref_src=twsrc%5Etfw\">October 7, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>A temporary pullback toward <strong>$3,850<\/strong> or even <strong>$3,700<\/strong> would not disrupt the broader bullish narrative but could offer more attractive re-entry points for trend followers. On the downside, strong support lies near <strong>$3,327<\/strong>, aligning with previous consolidation zones and the 30-day moving average.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Cautious Forecast<\/h2>\n\n\n\n<p>Fundamentally, gold\u2019s rise reflects sustained safe-haven demand amid softening global growth data and a cautious Federal Reserve stance.<\/p>\n\n\n\n<p>The ongoing U.S. government shutdown concerns and slowing dollar strength are providing additional tailwinds.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\" target=\"_blank\" rel=\"noopener\" title=\"\">Create your live VT Markets account<\/a> and <a href=\"https:\/\/myaccount.vtmarkets.com\/login?_gl=1*5vyjdn*_gcl_au*Njc1MzM0NjY0LjE3NTEzNTM4MTc.*_ga*MjA5ODA0NDIzNC4xNzI3OTE1ODQ1*_ga_J26NL1ZVX7*czE3NTE4NzkxMDYkbzMwOCRnMSR0MTc1MTg3OTExOCRqNDgkbDAkaDA.*_ga_6XQ8153GYW*czE3NTE4NzkxMDgkbzU3JGcxJHQxNzUxODc5MTE4JGo1MCRsMCRoMA..*_ga_BG6LYEHPX1*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMTgkajUwJGwwJGgw*_ga_J8BRGZSREX*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjIkajQ2JGwwJGgw*_ga_7CG6454YR5*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjIkajQ2JGwwJGgw*_ga_69Z54R4H9N*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjIkajQ2JGwwJGgw*_ga_CY2VCKFC3C*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjIkajQ2JGwwJGgw*_ga_TXZ07R2C21*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjUkajQzJGwwJGgw*_ga_17TMGY9BBE*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjUkajQzJGwwJGgw*_ga_MWDVVSEVL5*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjUkajQzJGwwJGgw*_ga_2QCC3S2748*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjUkajQzJGwwJGgw*_ga_E7D2PCX624*czE3NTE4NzkxMjYkbzUkZzAkdDE3NTE4NzkxMjYkajYwJGwwJGgw*_ga_XJ4037XKK6*czE3NTE4NzkxMjYkbzUkZzAkdDE3NTE4NzkxMjYkajYwJGwwJGgw*_ga_EJCVQDC7VT*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjYkajQyJGwwJGgw\" target=\"_blank\" rel=\"noopener\" title=\"\">start trading<\/a> now.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold extended gains to fresh record highs near $4,000, with momentum traders eyeing a potential breakout or correction at key resistance levels. &#8211; vtmarkets.com<\/p>\n","protected":false},"author":64,"featured_media":19121,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[31],"tags":[6],"class_list":["post-31702","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","tag-gold"],"acf":{"acf_article_selection_author":""},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts\/31702","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/users\/64"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/comments?post=31702"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts\/31702\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/media\/19121"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/media?parent=31702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/categories?post=31702"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/tags?post=31702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}