Gold continues to consolidate

Note: This section contains information in English only.
Source: Dukascopy Bank SA
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. There is a high probability of a directional price move at the beginning of 2025. A movement to the downside could bring the price of gold towards the 2500.00 level, while a breakout to the upside could push the price to 2720.00.

Daily Candle Chart


Traders take profits



A slight decrease in the short bias has occurred compared to the previous week, but there is still a short trading bias in gold. Trader sentiment suggests that potential downside momentum should be considered.


Within the 1000-point range around the latest price, there are 80% buyers and 20% sellers.

Actual Topics

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