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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.
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"?
Gold Edges Up, Trimming Some Recent Losses With US PCE Inflation on Focus
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.
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.
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.
What exactly is going on?! Gold prices soared more than 30 dollars during the day as significant data from the USA is coming; how to trade Gold?
On Thursday morning in the European market, spot Gold continued its intraday rebound, with the current price around $2616 per ounce, a rise of over $30 for the day. FXStreet Senior Analyst Dhwani Mehta pointed out that after the Fed's hawkish interest rate cuts triggered a dramatic drop, Gold experienced a 'dead cat bounce.' However, from the daily Gold chart, the price may still face a 'Sell on the rebound' Trade.
Gold prices have successfully reached the bearish target! Renowned Institutions: Unless this level is broken, gold prices may still have significant room for decline.
On Thursday afternoon in the Asian market, spot Gold continued its intraday rebound trend, with the gold price currently around $2609 per ounce; the previous trading day saw a drop of over 2% in gold prices. According to Economies.com, after yesterday's sharp decline, the gold price successfully reached the bearish target of $2600.00 per ounce. Unless it breaks through $2655.00 per ounce, the outlook for gold prices remains bearish.
After the gold price plummeted, it surged by $26 in the Asian market! How will it move next? FXStreet Analyst's latest technical analysis on gold prices.
On Thursday during the Asia market session, spot Gold rebounded strongly after a sharp drop in the previous Trade session, with the current price around $2,612 per ounce, rising $26 on the day. FXStreet Analyst Haresh Menghani wrote that in the Asian market on Thursday, Gold prices rebounded from a one-month low, and investors are now focusing on USA economic data to look for short-term trading opportunities.
CITIC SEC: The narrative around the US debt drives Gold, and further expansion of US fiscal policy is still needed; long-term allocation opportunities still exist.
From the perspective of the medium to long-term narrative, the USA's "fiscal stability" style in 2025 may not necessarily drive Gold prices further upward, and attention should still be paid to the scale of fiscal expansion.
Powell's fulfillment of a "hawkish" stance ignites a major market trend! Gold falls below 2600, and the S&P experiences its largest decline in interest rates since 2001.
Powell emphasized that interest rate cuts will slow down, the US dollar index rose above 108, the Dow fell by more than a thousand points, and the S&P recorded its largest decline on a rate cut day since 2001, with Gold experiencing a significant drop of nearly 60 dollars during the session...
Gold's Upside Attempts Remain Limited With All Eyes on the Fed
The "hawkish" stance is strong! Gold prices at 2648 fluctuate before the Federal Reserve's decision. FXEmpire's latest technical analysis on Gold, Silver, and the Euro.
Before the Federal Reserve's final interest rate decision in 2024, Gold is consolidating below the 50-day moving average, Silver is consolidating around the Resistance of the rising channel and remains neutral, while EUR/USD is consolidating near the long-term Resistance, awaiting the next move.
The reason for the sharp drop in Gold price to $2633 is here! A surprising ceasefire news from the Middle East, how to Trade Gold with the upcoming Federal Reserve decision?
On Tuesday, pressured by rising US dollar and US Treasury yields, the spot Gold price fell sharply, with strong US retail sales data causing Gold prices to drop to a weekly low of $2633 per ounce. On Wednesday, investors focused on the Federal Reserve's last policy meeting of the year.
Israel has made a heavyweight announcement! The price of Gold has suddenly dropped by 16 dollars. How to Trade Gold?
During the Monday New York trading session, spot Gold experienced a dramatic drop, resulting in the price of Gold closing on Monday with most of the day's gains erased. FXStreet Analyst Christian Borjon Valencia pointed out that the Relative Strength Index (RSI) fell below the neutral line, indicating that sellers are in control of the situation.
Gold Steadies as Traders Look to Final Fed Meeting of the Year
The price of Gold is forming a huge "cup and handle" bullish pattern! Analyst: Gold will reach 3000 dollars next year, with a short-term correction in the first quarter becoming a buying opportunity.
Analysts indicate that Gold has formed a significant cup and handle pattern on the monthly chart, forecasting that gold prices will rise to 3,000 USD next year, and the short-term adjustment in the first quarter may provide a strategic Buy opportunity.
GOLD FUTURES LIKELY TO TRADE HIGHER NEXT WEEK
After the sharp drop in Gold prices, important Resistance levels are maintained! Bulls are targeting this goal. Analysis of Gold Trade by well-known Institutions.
On Friday, during the late trading hours in Asia, spot Gold maintained an intraday rebound trend, with the current gold price around 2687 dollars per ounce. According to Economies.com, despite the decrease in gold prices yesterday, it held above the main Resistance. Additionally, there are other technical factors that are Bullish for Gold, with the bullish target aiming at 2745.00 dollars per ounce.
Gold Price Trades With Positive Bias; Remains Below $2,700 on Fed Rate Cut Expectations