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.

US Tech 100 Consolidates Near Highs Bull...

July 18, 2025

Market Insights

NAS100 Breaks Trendline Support as Beari...

August 12, 2025

Market Insights

US Tech 100 Consolidates Near Resistance...

July 21, 2025

Market Insights

Gold Drops Over 2% as Trump Eyes Copper...

February 26, 2025

Market Insights

NASDAQ trading on all time higher levels...

October 27, 2025

Market Insights

Gold Surges to Historic High of $3,057 A...

March 22, 2025

Market Insights

Ana

Cross-Asset Analyst & Trainer

Varun Sharma

Senior Strategist

VJ Yadav

FX Strategist