{"id":30932,"date":"2025-09-17T11:04:09","date_gmt":"2025-09-17T11:04:09","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=30932"},"modified":"2025-09-17T11:04:09","modified_gmt":"2025-09-17T11:04:09","slug":"gold-dips-as-traders-lock-in-gains","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/sv-eu\/analysis\/gold-dips-as-traders-lock-in-gains\/","title":{"rendered":"Gold Dips as Traders Lock In Gains"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"559\" src=\"https:\/\/www.vtmarkets.com\/sv\/wp-content\/uploads\/sites\/10\/2025\/04\/download-13-1024x559.png\" alt=\"\" class=\"wp-image-20556\" srcset=\"https:\/\/www.vtmarkets.com\/sv-eu\/wp-content\/uploads\/sites\/10\/2025\/04\/download-13-1024x559.png 1024w, https:\/\/www.vtmarkets.com\/sv-eu\/wp-content\/uploads\/sites\/10\/2025\/04\/download-13-300x164.png 300w, https:\/\/www.vtmarkets.com\/sv-eu\/wp-content\/uploads\/sites\/10\/2025\/04\/download-13-768x419.png 768w, https:\/\/www.vtmarkets.com\/sv-eu\/wp-content\/uploads\/sites\/10\/2025\/04\/download-13.png 1408w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><strong>Key Points:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Gold fell 0.7% to $3,663.93 after hitting a record $3,702.95 on Tuesday.<\/li>\n\n\n\n<li>The RSI dropped to 75 from 81, signalling cooling momentum after overbought conditions.<\/li>\n\n\n\n<li>The Fed is expected to cut rates by 25bps; Deutsche Bank raises its 2026 forecast to $4,000\/oz.<\/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 prices slipped on Wednesday after briefly touching a new record high, with spot gold down 0.7% at $3,663.93 per ounce as of 09:05 GMT.<\/p>\n\n\n\n<p>The dip followed Tuesday\u2019s all-time high of $3,702.95, a level that analysts believe may have attracted strong options-related selling and profit-taking flows.<\/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&#39;s record rally takes breather as spotlight shifts to Fed rate verdict <a href=\"https:\/\/t.co\/Bd7uqMUROl\">https:\/\/t.co\/Bd7uqMUROl<\/a> <a href=\"https:\/\/t.co\/Bd7uqMUROl\">https:\/\/t.co\/Bd7uqMUROl<\/a><\/p>&mdash; Reuters (@Reuters) <a href=\"https:\/\/twitter.com\/Reuters\/status\/1968217135575928968?ref_src=twsrc%5Etfw\">September 17, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>US gold futures for December delivery mirrored the decline, falling 0.7% to $3,700.10. Analysts at StoneX noted that gold has struggled to sustain moves beyond $3,700 on several occasions, with Rhona O\u2019Connell suggesting that \u201coption writers defending that level\u201d could be a factor.<\/p>\n\n\n\n<p>The pullback comes just hours ahead of the <a href=\"https:\/\/t.co\/RmwYH1tvKe\" target=\"_blank\" rel=\"noopener\" title=\"\">Federal Reserve\u2019s highly anticipated policy decision<\/a>. While markets widely expect a 25 basis point rate cut, attention will focus on Fed Chair Jerome Powell\u2019s remarks for clues on how far and how fast rates may fall in the coming months.<\/p>\n\n\n\n<p>President Trump has reiterated calls for a more aggressive cut, though the consensus points to a more cautious easing path, potentially with as many as three dissenting votes on the FOMC.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Dollar Rebounds, But Yields Stay Subdued<\/h2>\n\n\n\n<p>The dollar index (USDX) rose 0.2% after slipping to a two-month low earlier in the week, applying some pressure on gold by lifting the opportunity cost of holding non-yielding bullion.<\/p>\n\n\n\n<p>Meanwhile, US 10-year Treasury yields <a href=\"https:\/\/t.co\/Ux7DfOt0Og\" target=\"_blank\" rel=\"noopener\" title=\"\">hovered near five-month lows<\/a>, providing a partial counterbalance.<\/p>\n\n\n\n<p>Despite the dip, underlying demand remains firm. The SPDR Gold Trust\u2014the world\u2019s largest gold-backed ETF\u2014<a href=\"https:\/\/www.reuters.com\/world\/india\/golds-record-rally-takes-breather-spotlight-shifts-fed-2025-09-17\/\" target=\"_blank\" rel=\"noopener\" title=\"\">reported a 0.32% increase in holdings<\/a>, rising to 979.95 metric tons on Tuesday from 976.80 tons the previous day. This reflects continued investor appetite for gold as a hedge against both economic and geopolitical uncertainty.<\/p>\n\n\n\n<p>Tuesday\u2019s US retail sales data came in stronger than expected, suggesting resilient consumer activity. However, analysts warn that rising tariffs, slower job growth, and creeping inflation pose risks to the durability of household spending\u2014conditions that could keep gold attractive as a long-term store of value.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Technical Overview<\/h2>\n\n\n\n<p>Gold (<strong>XAU\/USD<\/strong>) is trading at <strong>3667.56<\/strong>, down <strong>0.61%<\/strong> on the day, easing slightly after a strong September rally. The metal has gained sharply from the March low of <strong>2832.68<\/strong>, breaking through the key <strong>3400<\/strong> resistance level and extending towards the <strong>3600\u20133700<\/strong> zone, where it is now consolidating.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"450\" src=\"https:\/\/www.vtmarkets.com\/sv\/wp-content\/uploads\/sites\/10\/2025\/09\/image-18-1024x450.jpeg\" alt=\"\" class=\"wp-image-30933\" srcset=\"https:\/\/www.vtmarkets.com\/sv-eu\/wp-content\/uploads\/sites\/10\/2025\/09\/image-18-1024x450.jpeg 1024w, https:\/\/www.vtmarkets.com\/sv-eu\/wp-content\/uploads\/sites\/10\/2025\/09\/image-18-300x132.jpeg 300w, https:\/\/www.vtmarkets.com\/sv-eu\/wp-content\/uploads\/sites\/10\/2025\/09\/image-18-768x337.jpeg 768w, https:\/\/www.vtmarkets.com\/sv-eu\/wp-content\/uploads\/sites\/10\/2025\/09\/image-18.jpeg 1280w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">#image_title<\/figcaption><\/figure>\n\n\n\n<p>The bullish structure remains intact, with prices well above the short-term and medium-term moving averages.<\/p>\n\n\n\n<p>Momentum indicators show a slight cooling. The <strong>MACD<\/strong> is still in positive territory, but the histogram reflects a slowdown in buying pressure, hinting that some profit-taking may be underway. Still, as long as gold holds above <strong>3400<\/strong>, the broader uptrend remains strong.<\/p>\n\n\n\n<p>Looking ahead, immediate support sits at <strong>3400<\/strong>, followed by <strong>3327<\/strong>. On the upside, a sustained move above <strong>3700<\/strong> could open the door towards <strong>3750<\/strong> and beyond, while failure to hold current levels may trigger a deeper pullback towards support.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Cautious Forecast<\/h2>\n\n\n\n<p>Over the short term, gold may consolidate between $3,630 and $3,700 as traders assess the Fed\u2019s messaging and any shifts in the macro outlook. A 25bps cut coupled with cautious forward guidance could keep gold buoyed above $3,650, though a hawkish tilt may pressure it toward $3,600.<\/p>\n\n\n\n<p>In the medium term, continued central bank easing, geopolitical tensions, and ETF inflows should support the bullish case.<\/p>\n\n\n\n<p><a href=\"https:\/\/t.co\/NLhffqoyeH\" target=\"_blank\" rel=\"noopener\" title=\"\">Deutsche Bank\u2019s upward revision<\/a> of its 2026 average gold forecast\u2014from $3,700 to $4,000\u2014adds longer-term validation to the uptrend. Still, traders should be alert to any profit-taking spikes around resistance zones, particularly if the dollar extends its rebound.<\/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*d96fp5*_gcl_au*Njc1MzM0NjY0LjE3NTEzNTM4MTc.*_ga*MjA5ODA0NDIzNC4xNzI3OTE1ODQ1*_ga_J26NL1ZVX7*czE3NTczOTYxNzckbzgzJGcwJHQxNzU3Mzk2MTc3JGo2MCRsMCRoMA..*_ga_6XQ8153GYW*czE3NTczODczODQkbzE4MyRnMCR0MTc1NzM4NzM4NCRqNjAkbDAkaDA.*_ga_BG6LYEHPX1*czE3NTczODczODQkbzEzMSRnMCR0MTc1NzM4NzM4NCRqNjAkbDAkaDA.*_ga_7CG6454YR5*czE3NTczODczODQkbzEzMSRnMCR0MTc1NzM4NzM4NCRqNjAkbDAkaDA.*_ga_J8BRGZSREX*czE3NTczODczODUkbzEzMSRnMCR0MTc1NzM4NzM4NSRqNjAkbDAkaDA.*_ga_69Z54R4H9N*czE3NTczODczODYkbzEzMSRnMCR0MTc1NzM4NzM4NiRqNjAkbDAkaDA.*_ga_CY2VCKFC3C*czE3NTczODczODYkbzEzMSRnMCR0MTc1NzM4NzM4NiRqNjAkbDAkaDA.*_ga_TXZ07R2C21*czE3NTczODczODYkbzEzMSRnMCR0MTc1NzM4NzM4NiRqNjAkbDAkaDA.*_ga_17TMGY9BBE*czE3NTczODczODgkbzEzMCRnMCR0MTc1NzM4NzM4OCRqNjAkbDAkaDA.*_ga_2QCC3S2748*czE3NTczODczODgkbzEyOSRnMCR0MTc1NzM4NzM4OCRqNjAkbDAkaDA.*_ga_MWDVVSEVL5*czE3NTczODczODgkbzEyOSRnMCR0MTc1NzM4NzM4OCRqNjAkbDAkaDA.*_ga_EJCVQDC7VT*czE3NTczODczODkkbzEyNSRnMCR0MTc1NzM4NzM4OSRqNjAkbDAkaDA.*_ga_XJ4037XKK6*czE3NTczODczOTEkbzEyNCRnMCR0MTc1NzM4NzM5MSRqNjAkbDAkaDA.*_ga_E7D2PCX624*czE3NTczODczOTEkbzEyMyRnMCR0MTc1NzM4NzM5MSRqNjAkbDAkaDA.\" target=\"_blank\" rel=\"noopener\" title=\"\">start trading<\/a> now.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold pulls back from its historic peak near $3,703 as profit-taking and a stronger US dollar weigh on sentiment. &#8211; vtmarkets.com<\/p>\n","protected":false},"author":5,"featured_media":20556,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21],"tags":[11],"class_list":["post-30932","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\/sv-eu\/wp-json\/wp\/v2\/posts\/30932","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/sv-eu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/sv-eu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/sv-eu\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/sv-eu\/wp-json\/wp\/v2\/comments?post=30932"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/sv-eu\/wp-json\/wp\/v2\/posts\/30932\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/sv-eu\/wp-json\/wp\/v2\/media\/20556"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/sv-eu\/wp-json\/wp\/v2\/media?parent=30932"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/sv-eu\/wp-json\/wp\/v2\/categories?post=30932"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/sv-eu\/wp-json\/wp\/v2\/tags?post=30932"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}