Gold saw sideways trading during last week's trading session. Economic Calendar Analysis Continuing previous week's trend volatility may occur if any geopolitical event takes place; however, elevated levels should not be expected. XAU/USD short-term forecast In the short term, gold could see a movement towards 2830.00 as market conditions fluctuate. However, if bullish sentiment continues to build, a further upward momentum towards 2935.00
Gold saw an increase in volatility, but overall volatility remains low. There are still elevated levels of uncertainty, creating opportunities for those with a bullish fundamental trading bias. Economic Calendar Analysis Volatility may occur if any geopolitical event takes place; however, elevated levels should not be expected. XAU/USD short-term forecast In the short term, gold could see a movement towards 2830.00 as market
Gold is gradually increasing in value, slowly climbing towards the 3000.00 mark. This upward movement suggests growing investor interest or a response to economic conditions, such as inflation concerns, geopolitical tensions, or a weaker U.S. dollar. Economic Calendar Analysis Volatility is expected to remain normal, further continuation against inflation may continue. XAU/USD short-term forecast New price resistance level of 2935.00 has been
Continuing the trend from the previous weeks, gold experienced a steady increase relative to the U.S. dollar. Economic Calendar Analysis Volatility is expected to remain normal, but this weeks data releases could influence further hedging against inflation with gold. XAU/USD short-term forecast New price resistance level of 2935.00 has been found. Consolidation phase may persist in the shorter time frame. Increased uncertainty
Continuing the trend from the previous week, gold experienced a steady increase relative to the U.S. dollar. This rise can be attributed to a combination of factors, including market uncertainty, global economic data, and shifts in investor sentiment, as concerns over inflation, interest rates, and geopolitical tensions persisted. Economic Calendar Analysis Volatility is not expected to be out of the ordinary; however,
Overall, gold experienced a steady increase relative to the U.S. dollar over the past week. This rise can be attributed to a combination of factors, including market uncertainty, global economic data, and shifts in investor sentiment. As concerns over inflation, interest rates, and geopolitical tensions persisted. Economic Calendar Analysis Volatility in the gold market is expected this week due to several important
In general, the price of gold has slight rise towards 2700.000 level. Economic Calendar Analysis No significant market moves should occur from economic news. XAU/USD short-term forecast A decline of the metal might look for support in the price level of 2690.65000, price push towards 2722.000. Hourly Chart XAU/USD daily charts review On the daily candlestick chart, gold has been trading within the 2665.00 to
Gold has been trading within a narrow range of 2665.3650 to 2690.6500 for several weeks, showing little price movement during this period. This consolidation suggests a balance between buying and selling pressures, with neither side gaining enough momentum to push the price significantly higher or lower. Economic Calendar Analysis This week, the market might move due to multiple releases of economical data
In general, the price of gold has been consolidating around 2640.00 price range. Since the end of October gold has been trading within 2580.000 to 2785.000 range. Economic Calendar Analysis This week, the market might move due to multiple releases of economical data in the United States. Wednesday and Thursday should provide more information regarding monetary policy from the FED meeting minutes and
Previous holiday trading week helped continuation of price consolidation for the price of gold. Economic Calendar Analysis No significant impact from macroeconomic data is expected in relation to gold. XAU/USD short-term forecast The previous week's trading activity considered quite low, thus no significant price moves occurred. Hourly Chart XAU/USD daily charts review On the daily candlestick charts, gold is trading within a descending triangle.
The previous week's gold price was impacted by the Federal Reserve's interest rate cut, which provided enough momentum to push the price closer to 2584.00, before recovering above 2620.00. Economic Calendar Analysis No significant impact from macroeconomic data is expected in relation to gold. XAU/USD short-term forecast The previous week's short-term downside volatility, driven by the fundamental news of the Fed's rate
The previous week saw higher-than-expected volatility in gold. Price consolidation has been a theme for gold over the last few weeks. 2025 could bring new uncertainty, which may impact the price of gold positively. Economic Calendar Analysis The Fed's interest rate decision should be important for the outlook on monetary policy, helping to assess potential risks in the market and possibly
Compared to its year-to-date performance, gold underperformed in the previous week, with no significant price movement. Although inflows into gold investment products continued, there was no notable price movement during the week. Economic Calendar Analysis No significant price movements are expected this week from macroeconomic data releases. XAU/USD short-term forecast In the short term, gold continues to trade sideways within a range of
Although gold has seen short term volatility since the world braces for presidency of Donald J. Trump, year to date, gold has seen price raise of over 30%. Not only as a portfolio hedge to uncertainty but as a trading instrument as well, gold has been useful to seek outsized returns, this year if properly applied. Economic Calendar Analysis The week could
It has been spotted that the metal's price has declined, since the US elections, in a channel down pattern. However, the price has found support in the 2,540.00 level to start a recovery that was strong enough to break the pattern and the 2,600.00 mark. In general, the metal was already oversold, which contributed to the start of the recovery. Economic
Gold declined after the US elections. By mid-Monday, the decline had almost reached the 2,600.00 mark, as a recovery started. However, the recovery was facing the resistance of the 2,620.00 mark. Economic Calendar Analysis This week, markets will watch the publication of the US Consumer Price Index on Wednesday at 13:30 GMT. The inflation data will reveal whether the US government and
The price of gold has continued to book higher and higher levels. However, it constantly gets overbought and each fundamental event that strengthen the USD causes major drop of the commodity price. This week, the price is bound to be dictated by the US Presidential Election and US Federal Reserve announcements. Economic Calendar Analysis The US Presidential Election and the Congressional elections
In general, the price of gold has broken the channel up pattern on October 23. Afterwards, support was found, before the decline reached the 2,700.00 mark. Since then, the metal has been recovering. However, the metal faces resistance and finds support in round price levels. Economic Calendar Analysis This week, the market might move due to the combined release of the US
The price of gold continues to move higher. By mid-Monday, the price was far above the 2,700.00 mark. However, the metal appears to have encountered resistance in the 2,740.00 level and the upper trend line of a channel up pattern. Economic Calendar Analysis On Thursday, at 13:45 GMT, the US S&P Global Manufacturing and Services PMIs will be published. The survey results
The price for gold has managed to find support in 2,640.00 and the 200-hour simple moving average. The follow-up surge broke the 2,670.00 level, and it resulted in another test of the all-time high levels at 2,685.40. In the meantime, the range that surrounds the 2,670.00 mark has turned into support. Economic Calendar Analysis From the US Dollar's side, the markets could
During the US CPI volatility, the price of gold almost touched the 2,600.00 mark. However, the price recovered after the event and by Monday almost hit the 2,670.00 level. However, a decline occurred during midday as the surge appeared to be overextended. Economic Calendar Analysis From the US Dollar's side, the markets could react on Thursday at 12:30 GMT to the publication
The price of gold has passed more support levels. On Wednesday, the metal fluctuated near the 2,600.00 mark. It appeared that the 2,605.00 and 2,610.00 levels were providing support, as the 2,625.00 mark acted as resistance. In the near term future, the commodity price will reveal its direction after the Thursday's US CPI release. As the Dollar picks a direction, so
The price for gold has been highly volatile in the range between 2,640.00 and 2,670.00, as various US data sets were being published. In general, the commodity price appears to be consolidating. Economic Calendar Analysis This week, the markets could react to the publication of the US Federal Reserve Meting Minutes on Wednesday at 18:00 GMT. On Thursday, the top event of the
The decline of the price of Gold found support in the combination of the 2,630.00 level and the 200-hour simple moving average. These levels were enough to cause a surge of the metal to the 2,670.00 level, where it encountered resistance. On Wednesday, the pair had declined to look for support in the moving averages. Economic Calendar Analysis On Thursday, the Institute