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.

EUR/JPY cools off amid dampened market s...

March 13, 2025

Market Insights

Gold price sticks to modest intraday gai...

November 27, 2024

Market Insights

AUDUSD trading on 200 SMA

November 08, 2024

Market Insights

Nasdaq 100 Futures Signal Potential Down...

April 16, 2025

Market Insights

GOLD Analysis & Market Overview: Key Lev...

December 02, 2024

Live Charts

Gold regains momentum on rising safe-hav...

April 09, 2025

Market Insights

Ana

Cross-Asset Analyst & Trainer

Varun Sharma

Senior Strategist

VJ Yadav

FX Strategist