Gold Drops Again: Is This an Opportunity or a Danger Signal?
Gold remained weak on Tuesday, October 28, 2025, moving below $4,000 per ounce, around $3,970–$4,020, after dropping to a nearly three-week low. Selling pressure came as the market grew more optimistic about the potential for a US–China trade deal to be discussed directly by Trump and Xi, leading to a decline in safe-haven assets like gold, and investors shifting to riskier assets. Technically, gold's failure to hold above $4,000 also triggered profit-taking.
However, this doesn't mean the gold trend is over. The market is almost certain the Fed will cut interest rates by another 25 basis points, which could weaken the US dollar and provide new support for gold, as it does not pay interest. Furthermore, geopolitical risks and US fiscal concerns continue to make gold attractive as a medium-term hedge, despite the risk-on short-term sentiment.
At the time of this analysis's release, the gold price was at $3,944.
- Buy if the price reaches $3,951.
- Sell if the price reaches $3,937.
Resistance 2: $3,965.
Resistance 1: $3,958.
Support 1: $3,930.
Support 2: $3,923.
Disclaimer:
This article is analytical in nature and is not a definitive reference. Please consider fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id
