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 Update: U.S. Dollar Gains as Invest...

November 06, 2024

Market Insights

GBPJPY facing a daily resistance

December 13, 2024

Market Insights

Silver (XAG/USD) Breaks Out from an Asce...

March 17, 2025

Market Insights

US Tech 100 4 Hour Chart Bearish Channel...

March 17, 2025

Market Insights

Gold consolidates to build up momentum a...

April 30, 2025

Market Insights

GBPUSD making a wedge pattern

December 10, 2024

Market Insights

Ana

Cross-Asset Analyst & Trainer

Varun Sharma

Senior Strategist

VJ Yadav

FX Strategist