Market Technical Analysis by RoboForex

[RoboForex Team]

XAUUSD has fallen more than 26% from its all-time high

Gold prices remain under pressure amid growing expectations of further monetary policy tightening by the US Federal Reserve, currently standing at 4,114 USD.

Technical outlook

The XAUUSD forecast for 21 October 2026 suggests the downtrend will continue, with prices potentially falling to 3,970 USD.

Gold remains primarily influenced by the high probability of another Fed interest rate hike in December.

Read more - Gold Forecast

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Sincerely,
The RoboForex Team

 

[RoboForex Team]

USDJPY declines amid expectations of tighter BoJ policy

The USDJPY pair is falling more sharply as the yen strengthens and technical indicators continue to give bearish signals. The rate currently stands at 157.19.

Technical outlook

The USDJPY rate is declining sharply, although buyers found support at the lower boundary of the descending channel. Today's USDJPY forecast anticipates a further decline towards a potential target at 156.25.

The USDJPY forecast for 22 October 2026 indicates that bearish momentum is likely to persist.

Read more - USDJPY Forecast

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Sincerely,
The RoboForex Team

 

[RoboForex Team]

XAUUSD falls to its lowest levels since June this year

Gold has broken out of its sideways range and resumed its decline in line with the broader trend. Prices currently stand at 4,022 USD.

Technical outlook

On the D1 chart, XAUUSD prices broke below the 4,065 support level, while resistance formed at 4,145. A new support level has not yet formed. On the H4 chart, local support is located at 3,985, with resistance at 4,035.

The combination of fundamental and technical factors indicates a continued elevated likelihood of further declines in XAUUSD quotes.

Read more - Gold Forecast

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Sincerely,
The RoboForex Team

 

[RoboForex Team]

EURUSD awaits a news catalyst to continue its trend

The primary pressure on the European currency comes from deteriorating economic expectations in the eurozone, worsening debt problems in France, and the Federal Reserve's continued tight monetary policy.

Technical outlook

On the EURUSD D1 chart, a resistance level has formed at 1.1270, while key support is located at 1.1150. In the medium term, the price continues to move sideways, retaining the potential to resume its rise. A breakout above the range’s upper boundary would create conditions for further gains.

Fundamental and technical analysis of the EURUSD pair suggests that the outlook for the European currency remains moderately negative.

Read more - EURUSD Forecast

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Sincerely,
The RoboForex Team

 

[RoboForex Team]

Silver holds near 53 USD: will the market withstand another test of its lows?

XAGUSDquotes are hovering near multi-month lows following a prolonged decline. Falling oil prices and buying activity at lower levels are providing some near-term support for silver ahead of the Federal Reserve's decision, although the technical setup remains bearish.

Technical outlook

XAGUSD remains in a sustained downtrend. After breaking below the 55.70 area, prices accelerated their decline and approached the lower boundary of the descending channel. Quotes remain below the middle Bollinger Band, and a sequence of lower highs confirms sellers' advantage.

The XAGUSD forecast for 27 October 2026 points to continued bearish momentum.

Read more - Silver Forecast

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Sincerely,
The RoboForex Team

 

[RoboForex Team]

PCE will be a decisive test for XAUUSD: inflation could dash hopes of a recovery

Gold is falling again after an attempt to recover, as markets await US data. The current price is 4,033 USD.

Technical outlook

On the XAUUSD H4 chart, the price has formed a Shooting Star reversal pattern near the upper Bollinger Band. As the pattern's signal plays out, prices may form a downward wave. Given that XAUUSD is trading within a descending channel, the downside target is support at 3,965 USD.

While awaiting US data and the Fed's interest rate decision, gold is losing ground.

Read more - Gold Forecast

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Sincerely,
The RoboForex Team