GOLD

GOLD weekly special report based on 1.00 Lot Calculation:

GEOPOLITICS: RUSSIA-UKRAINE CONFLICT

• BREAKING (OCTOBER 17): RUSSIA-UKRAINE PEACE DEAL STILL FAR AWAY DESPITE US PRESIDENT TRUMP-UKRAINIAN PRESIDENT ZELENSKY MEETING. According to the Financial Times, Trump pressed Zelensky to accept Russian President Vladimir Putin’s terms for ending the war, terms that essentially amount to Ukrainian surrender and include a full withdrawal from the territories still held by Ukraine in the Donbas region. President Zelensky has repeatedly said that they will not give up territories, which lowers the chances for a potential peace deal.
• EVENT (EXPECTED: THURSDAY, OCTOBER 23): HIGH LEVEL U.S.-RUSSIA MEETING LED BY US SECRETARY OF STATE MARCO RUBIO AND RUSSIAN FOREIGN MINISTER SERGEI LAVROV. President Trump said that this week, high-level talks will take place between US Secretary of State Marco Rubio and Russia’s Foreign Minister Sergei Lavrov.

USA: GOVERNMENT SHUTDOWN ENTERED ITS 20^TH DAY (October 20, 2025)

• BREAKING (WEDNESDAY, OCTOBER 1 AT 05:00 AM GMT+1): US GOVERNMENT SHUTDOWN BEGAN WITH NO DEAL IN SIGHT. According to Reuters, U.S. President Donald Trump and his Democratic opponents made no progress in ending the government shutdown. Without passage of funding legislation, parts of the government have remained closed since Wednesday (October 1).

EVENTS:

• FRIDAY, OCTOBER 24 AT 13:30 GMT+1: US INFLATION (CPI) (SEPTEMBER). Despite the ongoing US government shutdown, latest reports have said that US inflation data could still be released, with the office workers expected to work harder to get the data out. In August, US inflation rose to 2.90%, up from July’s 2.70%. This would be the last inflation report before the Fed’s interest rate decision on October 29.

US FEDERAL RESERVE:

• BREAKING (SEPTEMBER 17): US FEDERAL RESERVE CUT INTEREST RATE TO 4.25% FROM 4.50%, ITS FIRST INTEREST RATE CUT SINCE DECEMBER 2024. The Federal Reserve policymakers said they expect to see 2 more rate cuts by the end of 2025, to slash current rates to 3.75%.
• NEXT FEDERAL RESERVE MEETING AND INTEREST RATE DECISION: October 29. Interest rates are expected to be further cut to 4.00%.
• DECEMBER 10: The US Federal Reserve is expected to finish the year 2025 by cutting the rates to 3.75% on December 10.

PRICE ACTION:

• ANALYSTS’ OPINION: Bank of America forecasts $5,000; Societe General forecasts $5,000; Standard Chartered forecasts $4,488; ANZ forecasts $4,600; Goldman Sachs forecasts $4,900; J.P. Morgan forecasts $4,500; Julius Baer forecasts $4,500; TD Securities forecasts $4,400;

TECHNICAL ANALYSIS:

• SUPPORT: $4,100 - $4,000. After hitting fresh all-time highs ($4,379.43), gold prices have formed a psychological support level between $4,100 and $4,000. However, there remains a risk of a potential breakout below this level if market conditions change.
• UPTREND SINCE JANUARY 2025: Gold prices have been trading in an uptrend since January 2025 ($2624.74), with the growth trend accelerating since the middle of August. Since the beginning of January 2025, Gold prices have risen by around 67%. However, a shift in direction remains possible.

GRAPH (Daily): March 2025 – October 2025

Please note that past performance does not guarantee future results

GOLD, October 20, 2025.
Current Price: 4,249

Example of calculation base on weekly trend direction for 1.00 Lot¹

1. 1.00 lot is equivalent of 100 units
2. Calculations for exchange rate used as of 09:00 (GMT+1) 20/10/2025

There is a possibility to use Stop-Loss and Take-Profit.

• You may wish to consider closing your position in profit, even if it is lower than suggested one.
• Trailing stop technique could protect the profit.