- Gold prices remain under pressure as stronger-than-expected job data diminished prospects for significant Fed rate cuts, bolstering the dollar.
- According to UBS analyst's prediction, gold prices could reach a new record high in 2025 as investors seek safe havens amid anticipated "equity market volatility."
- Investors await today's CPI data, which is expected to show persistent inflation. Combined with strong labor market trends, this may support the Fed's high-rate policy, pressuring gold and other non-yielding assets.
- XAUUSD remains in a Symmetrical Triangle pattern, highlighting the sideways movement. The price fluctuated around both EMAs. The breakout direction may indicate the next developed trend.
- A breakout above the upper bound around the 2700 resistance could signal the beginning of an uptrend, with the next target around 2720.
- Conversely, a break below 2610 might trigger a deeper drop toward the 2560 support level.
- According to UBS analyst's prediction, gold prices could reach a new record high in 2025 as investors seek safe havens amid anticipated "equity market volatility."
- Investors await today's CPI data, which is expected to show persistent inflation. Combined with strong labor market trends, this may support the Fed's high-rate policy, pressuring gold and other non-yielding assets.
- XAUUSD remains in a Symmetrical Triangle pattern, highlighting the sideways movement. The price fluctuated around both EMAs. The breakout direction may indicate the next developed trend.
- A breakout above the upper bound around the 2700 resistance could signal the beginning of an uptrend, with the next target around 2720.
- Conversely, a break below 2610 might trigger a deeper drop toward the 2560 support level.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.