Gold prices rose nearly 10 dollars in the Asian market! What will happen next? FXStreet Analyst's latest technical analysis of gold prices.

In the Asian market on Monday's afternoon, spot Gold continued its rebound trend, with the current gold price around $2632 per ounce, having strong gains of nearly $10 during the day. FXStreet Analyst Haresh Menghani stated that the dollar remains under pressure below the two-year high reached last Friday, which is a key factor driving up Gold.

FX16815:03

Weekly outlook: The market may be "fraught with crises" during the Christmas period, and bullish sentiment for Gold may still need to cool down!

The Federal Reserve's "shock" to the market, does the bullish sentiment for Gold still need to cool down? The dominance of the dollar is likely to remain unshaken, beware of liquidity shortages amplifying market volatility! Is the recent slump in US stocks a "reverse pick-up"?

Golden10 DataDec 21 17:38

Gold Edges Up, Trimming Some Recent Losses With US PCE Inflation on Focus

FXStreetDec 20 18:14

A major market trend is about to unfold! Be aware of the USA PCE inflation Indicators that could cause Gold prices to "change the game". Latest Trade analysis on Euro, British Pound, Japanese Yen, and Gold.

On Friday morning in the European market, the USD maintained a mild downward trend during the day, currently around 108.25; spot Gold maintained a strong rebound trend, with the current gold price at 2604 USD/ounce. Analysts pointed out that if the USA PCE inflation data, especially the core Indicators, exceeds expectations, the USD may strengthen, thereby impacting major non-USD currencies and causing the gold price to decline again.

FX168Dec 20 15:39

Gold prices have suddenly surged in the short term! The gold price just touched 2605 US dollars. With heavyweight data arriving, how to trade Gold?

On Friday afternoon in the Asian market, spot Gold suddenly surged rapidly in a short time, with the price reaching 2605 USD/ounce, an increase of over 10 USD for the day. FXStreet Analyst Haresh Menghani wrote that the Federal Reserve's hawkish stance is Bullish for the USD and may limit the rise in Gold prices. Traders are now looking to the USA PCE Price Index for new momentum.

FX168Dec 20 15:02

Gold Trade Reminder: The inflation indicators most favored by the Federal Reserve may ignite the market! Analysis of the technical outlook for Gold by FXStreet's Chief Analyst.

On Friday during Asian trading, spot Gold remained essentially stable, with the gold price currently around $2596 per ounce. FXStreet's chief Analyst Valeria Bednarik stated that the outlook for Gold remains bearish, with a price target below the low of $2580 per ounce.

FX168Dec 20 11:30