TREXTROFX

TREXTROFX Updated 

🌟 XAU/USD Gold Forecast - Monday, December 16, 2024 🌟 Gold (XAU/USD) is heading into Monday with a bullish outlook but faces key resistance at $2,765. A breakout above this level could propel prices higher, aligning with the current uptrend. However, if resistance holds, we might see a correction towards the strong support zone at $2,545. 🔑 Key Levels to...

TREXTROFX

Key Factors Influencing XAU/USD: U.S. Inflation Data: The latest Consumer Price Index (CPI) report indicates a 0.3% monthly increase and a 3.3% annual rise, aligning with market expectations. This suggests a moderate inflation environment, potentially leading to a more dovish stance from the Federal Reserve. Federal Reserve Policy Outlook: Market...

TREXTROFX Updated 

Resistance: $2,710, with potential moves toward $2,705 if bullish momentum continues. Support Levels: $2,683 and $2,687 XAU/USD could break above key resistance at $2,700 and aim for $2,710 or higher in intraday trading. Impact: A softer CPI print, indicating slower inflation, could bolster expectations of Federal Reserve rate cuts. This scenario would likely...

TREXTROFX Updated 

The current analysis for XAU/USD (Gold vs. US Dollar) suggests a mixed outlook influenced by technical and geopolitical factors The current analysis for XAU/USD (Gold vs. US Dollar) suggests a mixed outlook influenced by technical and geopolitical factors combined with a positive RSI trend, suggests a potential continuation toward higher levels like $2,668 if the...

TREXTROFX Updated 

Short-Term Technical Analysis: Gold is consolidating near $2,645_48, and the short-term momentum will likely depend on breaking key levels of resistance and support. Resistance : Around $2,660-$2,670, which could be tested if bullish momentum persists. Support: $2,620, which may act as a cushion if prices decline​ ​ Market Sentiment : Strength in the US...

TREXTROFX

The XAU/USD (Gold Spot against the US Dollar) is currently showing upward momentum, trading in a range of approximately $2,668 to $2,692 today. Recent technical indicators suggest bullish sentiment, with a positive daily movement reflecting potential further gains​ Analysis: Support Levels: Around $2,668, serving as a short-term floor. Resistance Levels: Near...

TREXTROFX Updated 

Selling gold (XAU/USD) between the levels of $2,642 and $2,639 suggests targeting a bearish move likely anticipated from strong resistance or overbought conditions. Key strategies for this position involve monitoring confirmations such as bearish candlestick patterns or weakening momentum indicators. Stop-loss placement above $2,650 and take-profit targets around...