XAUUSD back in the game: Fed keeps pressing the USD
Having set another price record, XAUUSD is forming a correction, after which quotes may rise further to 3,840 USD level. Find more details in our analysis for 24 September 2025.
XAUUSD technical analysis
On the H4 chart, XAUUSD prices formed a Hanging Man reversal pattern near the upper Bollinger Band. At this stage, they continue a corrective wave following the pattern’s signal. Given that XAUUSD quotes remain within the ascending channel and considering geopolitical factors, the uptrend will likely continue once the pullback is complete.
The USD continues to lose ground following Powell’s speech.
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