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 Surges Past $3,000 Amid Geopolitica...

March 18, 2025

Market Insights

Bitcoin Weekly Forecast: New high of $10...

November 16, 2024

Market Insights

Dow Jones Industrial Average recovers fr...

November 20, 2024

Live Charts

US Tech 100 Approaching Resistance with...

February 21, 2025

Market Insights

AUDUSD made a Doji on daily time frame

December 12, 2024

Market Insights

Dow Jones Futures Plunge: Support Levels...

April 09, 2025

Market Insights

Ana

Cross-Asset Analyst & Trainer

Varun Sharma

Senior Strategist

VJ Yadav

FX Strategist