Gold has always held a special place in the financial world — not just as a precious metal used in jewelry, but as a store of value and a trusted investment asset. Whenever the global economy faces uncertainty, inflation rises, or currencies weaken, investors naturally turn to gold as a safe haven.
In recent years, gold prices have shown strong momentum, breaking key resistance levels and surprising even experienced market participants. As of 29 September 2025, gold continues to trade at elevated levels, supported by geopolitical tensions, rising central bank demand, and a favorable long-term trend.
The big question for every investor now is:
Should you buy gold at such high levels, or wait for a correction?
In this analysis, we will break down the current gold price trends, explore technical indicators like support and resistance, RSI, and moving averages, and provide an outlook for 2025 to help you make an informed decision.
Gold Technical Analysis – 29 September 2025
Chart Overview
The chart is on the Daily timeframe (XAUUSD). Gold is in a strong uptrend making higher highs and higher lows.
Moving Averages (MA – 55, 100, 150, 200)
- Price is trading above all major moving averages.
- Perfect bullish alignment → 55 > 100 > 150 > 200.
- This shows strong momentum and long-term strength.
Support & Resistance Levels
- Previous Resistance ($2,350 – $2,400) has already been broken.
- Next major resistance zone: $2,550 – $2,600.
- Strong supports:
- $2,350 (nearest support)
- $2,200 (100 MA zone)
- $2,000 (200 MA – major support).
RSI (Relative Strength Index)
- RSI is currently 79.03 → Overbought Zone.
- Overbought doesn’t mean immediate crash, but a short-term pullback or correction is possible.
Summary
- Trend = Strong Bullish.
- Price above all key MAs = Positive Long-Term Outlook.
- RSI high = short-term exhaustion likely.
Investment View
Short Term (1–3 months)
Price is expensive (overbought). A correction or profit booking can occur. Risk of buying at the top.
Medium to Long Term (1–3 years)
Gold remains a safe haven asset.
Strong demand due to inflation, geopolitical tensions, and global uncertainties.
Buy on dips strategy works best.
Best entry zone: $2,350 – $2,400 if price corrects back.
Gold Price Outlook 2025
- If momentum sustains, Gold may target $2,600 – $2,800 by end of 2025.
Final Conclusion
Gold is in a strong uptrend but currently overbought.
For long-term investors, gold is still a good investment.
For short-term traders, it’s better to wait for a correction before entering.
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