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GOLD Forecast

GOLD Forecast

XAUUSD — New York Session Analysis | 29 Oct 2026 | H1

EWM Team1 min read

The London update’s 4082.50 invalidation was breached: the chart records a 4086.99 high. Price then reversed to the 4015.65 daily low and rebounded to 4020.56, reaching the chart’s downside marker. Short-term price action is bearish, but the displayed wave count is invalidated. Further downside toward 3989.04 and 3975.63 remains a chart projection pending a valid count.

xauusd-new-york-session-analysis-29-oct-2026-h1

Summary: Trend: Bearish short term | Wave Structure: Displayed count invalidated | Support: 4015.65 | Resistance: 4082.50 (breached) | Targets: 3989.04, 3975.63 | Invalidation: 4082.50 breached

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GOLD Forecast

Gold (XAUUSD) — London Session Analysis | 29 Oct 2026 | H1

EWM Team1 min read

The Oct 28 bearish scenario was invalidated when price rose above 4070.90, reaching the chart’s 4082.50 invalidation area before reversing. At 03:53 New York time, the chart shows price at 4016.50, below its 4022.02 downside marker. The displayed W-X-Y and A-B-C labels remain as drawn; the chart now projects further downside while price stays below 4082.50, with lower marked targets at 3989.04 and 3975.63.

Summary: Trend: Bearish | Support: 4022.02 | Resistance: 4082.50 | Targets: 3989.04, 3975.63 | Invalidation: 4082.50

Gold (XAUUSD) — London Session Analysis | 29 Oct 2026 | H1

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Market guide

About GOLD Forecast

Gold, commonly represented as XAUUSD in the financial markets, is one of the most widely followed precious metals and trading instruments worldwide. XAUUSD represents the price of one troy ounce of Gold in US Dollars and is closely monitored by traders, investors, financial institutions, central banks, and market analysts.

Gold Forecast and Analysis

Our Gold Forecast provides updated market analysis focused on the potential direction of Gold against the US Dollar. Our analysis covers different timeframes and may include market trends, support and resistance levels, price structure, and potential bullish or bearish scenarios.

At Elliott Wave Monitor, we use Elliott Wave analysis together with technical analysis to study the structure of the Gold market and identify potential price movements. Each analysis is based on the latest available price action and market structure.

What Affects Gold Prices?

Gold prices are influenced by a range of economic and financial factors, including interest rates, monetary policy, inflation, the strength of the US Dollar, economic growth, financial market conditions, and global risk sentiment.

Central bank policies, particularly those of the US Federal Reserve, can have a significant impact on Gold. Changes in interest rates and expectations for future monetary policy can influence the opportunity cost of holding Gold and affect demand for the precious metal.

Gold is also widely considered a safe-haven asset. During periods of economic uncertainty, financial market stress, or geopolitical risk, demand for Gold can increase as investors seek assets that may help preserve value.

Central bank Gold purchases, investment demand, and developments in the global economy can also influence Gold prices. Because Gold is priced internationally in US Dollars, changes in the value of the US Dollar can also affect XAUUSD.

Gold Technical Analysis

Gold Technical Analysis can help traders study important price levels and market structures. Our analysis may include support and resistance levels, trend direction, Elliott Wave counts, potential reversal areas, and different market scenarios.

Technical analysis can also involve studying historical price action, chart patterns, momentum, and other technical indicators to evaluate potential changes in market direction.

As market conditions change, technical scenarios can also develop or become invalidated as new price information becomes available. For this reason, our latest Gold analysis is regularly updated on this page.

Latest Gold Forecast

This page brings together the latest Gold Forecast and XAUUSD Analysis from Elliott Wave Monitor. New analysis posts are published regularly, allowing readers to follow Gold price movements across different market conditions and timeframes.

Whether you are looking for a Gold forecast, XAUUSD forecast, Gold technical analysis, Gold price analysis, or Elliott Wave analysis, this page provides a central place to follow our latest market updates and potential price scenarios.