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Gold neared $4,040 ahead of housing data

Markets await U.S. data that may impact rates and the dollar

Gold is trading on Monday, October 27, 2025, near the level of $4,040 per ounce after a slight decline in recent sessions, as markets await the release of U.S. new home sales data for September in less than an hour. These data come at a time when investors are seeking to assess the strength of the U.S. economy following mixed signals from the labor market and consumer spending. Improved housing data may strengthen expectations for keeping interest rates high for a longer period, which could put pressure on gold.

Technically, indicators such as the MACD and moving averages show signs of weakening upward momentum, with a prominent technical resistance near the $4,075 level, while $4,030 serves as a key support to maintain short-term stability.

Forecast:

If the housing data comes in strong, gold may face further declines toward $4,000 due to support from the dollar and U.S. yields.

However, if the data falls short of expectations, the price may rebound above $4,070 again as demand for safe-haven assets returns.

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