TREXTROFX

TREXTROFX Updated 

Gold (XAU/USD) is currently trading within a well-defined range, with key support at $2,663 and resistance near $2,698. The pair has shown strong bullish momentum, supported by moving averages crossing upwards and RSI staying above 50, indicating potential further upside. On the daily chart, we observe a consolidation pattern forming a possible ascending...

TREXTROFX Updated 

Based on recent technical analysis, the XAU/USD (Gold vs. US Dollar) pair exhibits a neutral to bullish trend. The daily chart indicates that technical indicators are directionless around their midlines, suggesting potential for upward movement. FXSTREET The Moving Average Convergence Divergence (MACD) indicator is at -4.81, signaling a potential sell. However,...

TREXTROFX

As of January 2025, the XAU/USD (Gold vs. USD) pair is exhibiting significant technical levels that traders and investors should monitor: Resistance Levels: $2,720: This level has acted as a strong resistance, reversing price movements downward in both November and December 2024. A sustained break above this point could signal further bullish momentum....

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...