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.

Dow Jones Industrial Average struggles t...

December 17, 2024

Live Charts

The Nasdaq tumbled due to Heavy losses h...

April 22, 2025

Market Insights

US Tech 100 Forms Bearish Flag Support a...

March 04, 2025

Market Insights

CRUDE OIL

November 23, 2024

Market Insights

GOLD RALLY 2750!!! WHAT IS NEXT?

October 23, 2024

Market Insights

GOLD Prices shattered yesterday with aro...

November 14, 2024

Market Insights

Ana

Cross-Asset Analyst & Trainer

Varun Sharma

Senior Strategist

VJ Yadav

FX Strategist