In gold price forecast analysis, analysts highlight geopolitical tensions in the Middle East as a persistent driver of safe-haven demand. Price action remains sensitive to crude oil volatility, which often influences inflation expectations. Finally, a more-significant decline opens the door for a retest of lower support around $2,790. Investors could look for longer-term buy-and-hold opportunities in this area near last year’s notable October peak. In the meantime, new Fed Governor Stephen Miran—who supported a deeper 50-basis point cut at last week's meeting—warned that the Fed might be underestimating its policy tightening, which could put jobs at risk without more aggressive action. Investors are now looking to the upcoming Personal Consumption Expenditures (PCE) index, the Fed's preferred inflation measure, for further signals. Will Gold Prices Rise in the Coming Days? Dear trader, according to the daily chart, the overall trend for the gold price index remains strong and upward. Bulls are now trying to break the $3,800 per ounce resistance level in a record-setting rally. Investors are currently unconcerned with technical indicators reaching overbought levels. Instead, they are focused on the continuation of the factors driving the gold market's gains, which include the path of US rate cuts, increasing global trade and geopolitical tensions, central bank purchases of gold bullion, and the trajectory of the US currency. The 14-day Relative Strength Index (RSI) is around 78, having strongly broken above the 70 overbought line, while the MACD indicator's two lines are also in a sharp upward position. However, dear trader, be careful. The gold market could face profit-taking at any time if the US dollar recovers strongly and global trade and geopolitical tensions ease. Fed Chair Confirms a Shift in the Bank's Stance on Risks Yesterday, Fed Chair Jerome Powell indicated in a speech in Rhode Island that signs of a weakening labor market led the US central bank to change its stance on risks, prioritizing growth issues. Powell explained that the country's unemployment rate has risen—although it remains historically low—and job growth has slowed. This paved the way for the September rate cut despite persistent inflationary pressures. He also reiterated that there is no predetermined monetary policy but noted that monetary policy remains restrictive. The US Federal Open Market Committee (FOMC) cut the benchmark interest rate by 25 basis points in September 2025 to a range of 4.00%-4.25%, which was in line with expectations. The Fed's projections also indicated an additional 50-basis point cut by the end of 2025 and a quarter-point cut in 2026, which is slightly higher than the June forecasts. GDP growth forecasts were also revised upward for 2025 (1.6% vs. 1.4% in June), 2026 (1.8% vs. 1.6%), and 2027 (1.9% vs. 1.8%). EURUSD Chart by TradingView Trading Tips Dear TradersUp trader, wait for a strong pullback in gold prices to consider buying again, instead of risking a purchase at all-time highs. Ready to trade our Gold price forecast ? We’ve made a list of the best Gold trading platforms worth trading with. Gold price forecast analysis concludes that macro hedging demand remains elevated, particularly from pension funds seeking inflation protection. Data signals this structural demand is likely to persist through Q