Core Viewpoint - The article discusses the recent fluctuations in gold prices, influenced by a strong US dollar and various economic indicators, suggesting a potential for further upward movement in gold prices despite short-term adjustments [1][3][4]. Market Performance - On September 25, gold prices opened at $3735.78 per ounce, reached a high of $3761.31, and a low of $3722.16, ultimately closing at $3749.12, marking a daily increase of $13.34 or 0.36% [1]. - The gold price is currently supported by buying interest despite a strong US dollar, which has recently rebounded, creating downward pressure on gold [3][4]. Economic Indicators - Upcoming data releases, including the US Core PCE Price Index and the University of Michigan Consumer Sentiment Index, are expected to impact gold prices, with a likelihood of better-than-previous results potentially leading to lower gold prices [4][5]. - The Federal Reserve officials' speeches may also influence market sentiment, with indications of potential interest rate cuts supporting gold prices [5]. Technical Analysis - The gold price has tested the mid-line support multiple times since last year, indicating a persistent upward trend despite short-term corrections [7]. - Current technical indicators suggest that while there may be short-term adjustments, the overall bullish trend remains intact, with opportunities to enter long positions near key moving averages [9].