- October 23, 2025
- Posted by: EWGFX
- Category: news
Dip buyers remain active near $4,000, but upside momentum has stalled — at least for now.
Gold has recovered to trade little changed around $4,089 after a modest pullback in Asian trading, where prices briefly dipped to $4,066. While the selling pressure wasn’t as intense as yesterday’s heavy profit-taking, the tone remains cautious, with traders hesitant to push prices decisively in either direction.
On the short-term chart, gold continues to trade below its key hourly moving averages, underscoring the lack of clear upside momentum. This keeps the metal confined to familiar territory — the same range that defined yesterday’s session.
Dip buyers are still defending the $4,000 area, maintaining a near-term floor despite the broader shift toward a more bearish bias. On the other hand, sellers have yet to establish enough conviction to drive a deeper correction, leaving the market effectively balanced for now.
The 200-hour moving average, currently near $4,184, remains the key technical barrier that gold would need to reclaim to break the current selling momentum and reassert a bullish tone.
Until then, trading is likely to remain a tug of war between buyers defending the $4,000 handle and sellers capping gains near the upper end of the recent range amid continued volatility.