Gold continues to consolidate

Note: This section contains information in English only.
Source: Dukascopy Bank SA
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 serving as a hedge.

XAU/USD short-term forecast

The previous week's short-term upside volatility pushed the market price of gold towards 2721.2700. However, a rejection of further upside price discovery brought the price of gold below 2666.000 on Friday.

If rejection of upside price momentum occurs, further price discovery could be to price levels 2600.00 and 2540.00.

Hourly Chart

XAU/USD daily charts review

On the daily candlestick chart, no significant price movement was observed in the previous week. The 30-day RSI indicator suggests that slow upward price pressure towards 2723.6500 may occur if the majority of sellers are not active. Unexpected selling pressure could test price levels of 2605.9500 and 2562.7500.

Daily Candle Chart


Traders take profits



At the moment, there is short trading bias in gold. Trader sentiment suggests that possible  downside  momentum should be taken in consideration. 

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

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request)
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request).
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.