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24.09.202507:01 Forex Analysis & Reviews: Trading Signals for GOLD for September 24-26, 2025: sell below $3,791 (8/8 Murray - 38 SMA)

Exchange Rates 24.09.2025 analysis

Gold reached a new high of around 3,791.08 during the European session. From that level, we have seen a series of technical corrections, so the instrument is likely to trade under bearish pressure in the coming days. Gold could reach the 38-period moving average area around 3,697.

If the gold price forms a double top pattern around 3,790, it could be seen as a clear signal to hold short positions in the short term.

On the other hand, if the gold price breaks 3,791, it could reach +1/8 of the Murray level around 3,828.

The Eagle indicator is giving a negative signal, so with any technical rebound and as long as the gold price consolidates below 3,800, it will be seen as a signal to sell, with targets at the bottom of the uptrend channel around $3,700.

If the gold price breaks the uptrend channel and consolidates below the 38-period moving average at 3,697, it will be seen as a short-term selling signal. The price could reach the psychological level of $3,500.

Our trading plan for the next few hours is to sell gold if there is a technical rebound around 3,770 or 3,785. Below these two levels, traders will plan opening short positions.

*El análisis de mercado publicado aquí tiene la finalidad de incrementar su conocimiento, más no darle instrucciones para realizar una operación.

Dimitrios Zappas,
Analytical expert of InstaSpot
© 2007-2025
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