At the beginning of last week, the peak price for September 2025 gold options jumped over $20 to $3,326 (equivalent to $3,291 in spot), then remained flat for three days.
This indicates that options market sentiment remains stable, with investors avoiding directional bets driven by sharp futures price fluctuations.
Looking ahead, the peak prices for October, November, and December 2025 options are $3,320, $3,350, and $3,100, respectively.
While there is still room for short-term upside, there remains a significant gap to the target price of $4,000. The December contract faces significant downward pressure ahead of its November 24, 2025 expiration, but a reversal to the peak price level is not inevitable.
(This interpretation is only a preliminary analysis of the new instrument data and does not constitute investment advice. For more real-time options data, please subscribe to the "Painmap Gold Peak Pain Point Chart" mini-program.)