Bot Window | Bot Window

US Rate-Cut Optimism:

The recent U.S. CPI data aligned with expectations, supporting the likelihood of a rate cut in December.

Lower interest rates make non-yielding assets like Gold more attractive, underpinning its rally.

Short-Term Outlook:

Bullish Factors:

Geopolitical risks provide a supportive floor for prices.

Market expectations of rate cuts are favorable for Gold.

Resistance:

The next major level to watch is $2,775–$2,780, which could act as a barrier if the bullish trend continues.

Support:

If retracements deepen, immediate support lies around $2,735 and stronger support near $2,700.

Trading Implications:

For Bulls: The elevated levels suggest maintaining positions while watching for a break above $2,775 to target $2,800.
For Bears: Look for potential corrections if prices breach support at $2,735, targeting $2,700 or lower.

Gold prices ease ahead of 'Liberation Da...

April 02, 2025

Market Insights

Dow Jones Poised for a Powerful Breakout...

October 24, 2025

Market Insights

NASDAQ 100 Faces Continued Selling Press...

August 19, 2025

Market Insights

GBP/JPY soars as Bank of Japan holds rat...

March 19, 2025

Market Insights

DAX trading on Daily Trend Line

November 25, 2024

Market Insights

Bitcoin Bulls Target $83,000 Milestone A...

November 11, 2024

Market Insights

Ana

Cross-Asset Analyst & Trainer

Varun Sharma

Senior Strategist

VJ Yadav

FX Strategist