Market Overview

Gold Extends Gains to Fresh Highs Above 4240 as Pound and Aussie Hold Steady

ADFX Team

XAUUSD 
XAUUSD finished the session at 4239.81, up 33.12 points or 0.787% from the 4206.69 open, after trading a 43.57-point range that represented 1.04% of the opening level and around 57.5% of the current D1 ATR. The day began with an early dip to 4199.69 at 01:15, brushing the 4200 handle, and progressed toward a late session peak at 4243.26 at 13:03 within the 4240 handle; the close at 13:22 held near the upper end of the day’s range. Price action moved from the early low to the late-session high without returning to the session floor, and traded through the 4240 area before settling just beneath the high. The session registered new 5‑day and 10‑day highs, with flags indicating those multi-day highs were made during this period. On the intraday backdrop, the pair closed above the H1 20-period simple moving average at 4217.42. From a daily perspective, spot remains above the Bollinger midline at 3921.07, while the D1 MACD signal is recorded at 126.5. Round-number levels were active, with the 4200 handle touched near the start and the 4240 handle engaged into the peak. By the close, the market retained most of the session’s gains, leaving the settlement close to the high-water mark for the day and well above the intraday average level cited by the H1 SMA20. 

(XAUUSD M30) 


GBPUSD 
GBPUSD advanced over the session, closing at 1.34, up 0.0027 or 0.20% from the open, with a range of 0.0068 that measured 0.51% of the opening level. The pair opened at 1.34 and marked the session low at 1.34 at 00:58, then worked higher into the afternoon to register the day’s high at 1.35 at 16:19, which set a five‑day high, before settling back to finish in the upper half of the intraday range. The closing level sat above the opening print and some distance off the early trough, leaving price roughly three‑fifths of the way from the day’s low toward the high by the close. Throughout, trade clustered around the mid‑1.34 area, with the afternoon push extending toward the mid‑1.34s ahead of the late pullback. On higher timeframes, the daily MACD was near the zero line, and the close aligned closely with the daily Bollinger mid at 1.34, suggesting price ended near its prevailing daily mean. On the intraday profile, the finish was also near the H1 20‑period simple moving average at 1.34. No tick volume metrics were provided. The session’s structure featured an early low shortly after the open, a steady progression to a late‑afternoon peak, and a modest retracement into the close, without any flagged cross of larger handles, while the establishment of a new five‑day high at 16:19 provided the notable multi‑day reference point. 

(GBPUSD M30) 


AUDUSD 
AUDUSD traded a 0.00363 range on 2025-10-16, equal to 0.56% of the open, and finished slightly lower on the day. From an open at 0.65106, the pair printed its session high at 0.65152 at 03:29 before sliding to the low at 0.64789 at 03:38. It then recovered into the upper half of the range, settling at 0.65081 by 13:22, a net change of -0.00025 (-0.038%) versus the open. The close sat well above the session midpoint near 0.64971 and below the day’s peak, leaving price action contained between the 0.6480 area—which was breached intraday—and the 0.6520 area, which was not tested. The round 0.6500 figure was crossed during the session, and the pair ended above it. On the intraday technical backdrop, the H1 21-EMA at 0.65023 was below the close, while H4 RSI(14) registered 58.11. On the daily timeframe, RSI(14) stood at 45.10 and the MACD signal was near zero (-0.0), providing a neutral read. The current 10-day low is marked at 0.64396, remaining comfortably beneath the session trough. Overall, the session featured an early high followed swiftly by the day’s low within nine minutes, with subsequent trade retracing a portion of the downswing and concluding in the upper half of the day’s span, modestly below the opening level. 

(AUDUSD H1) 

A sharp reversal in U.S. regional manufacturing headlined the data flow, as the Philadelphia Fed Manufacturing Index slumped to -12.8, from 23.2 previously and versus a 4.8 consensus, pointing to a swift deterioration in new orders and activity. Energy data also surprised: EIA crude oil inventories rose by 3.52, compared with 3.71 prior and a forecast draw of -2.69, indicating an unexpected build against expectations for a decline. Looking ahead to the next 24 hours, attention centers on euro area inflation at 12:00 server time; CPI is expected to be 2.2 percent year over year, unchanged from 2.2 previously. A firmer-than-forecast CPI could nudge market pricing toward tighter policy expectations. At 12:35 server time, Bank of England MPC member Pill speaks, an appearance that may shape near-term guidance on the UK rates path. With inflation in focus, markets may see brief volatility around the euro area CPI release, particularly in EUR rates and FX. No other major data are scheduled in this window, keeping the spotlight firmly on the inflation print and the subsequent BoE remarks for any incremental signals on the trajectory of European and UK monetary settings. 

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