GOLD MARKET ANALYSIS AND COMMENTARY - [Dec 22 - Dec 27]
This week, 
XAUUSD fell quite sharply from 2,664 USD/oz to 2,582 USD/oz, then recovered to 2,631 USD/oz and closed the week at 2,622 USD/oz.
The reason gold prices dropped sharply this week is because the FED cut interest rates by another 0.25% as predicted. However, what caused disappointed investors to sell off gold was because the Fed chairman said he would only cut interest rates two more times in 2025. Previously, in September 2024, the FED predicted four more cuts. interest rate next year.
In the same context, the US personal consumption expenditure (PCE) index in November increased by 2.8% over the same period last year, unchanged compared to October, but still much higher than the target. of the Fed is 2%. This also strengthens the possibility that the FED will reduce the current monetary easing cycle.
Furthermore, Donald Trump is about to take office as US President for his second term. If Mr. Trump implements a fiscal expansion policy and sharply increases tariffs with America's trading partners, it will significantly reduce the country's trade deficit, meaning the supply of USD will decrease sharply, pushing the currency This increases, thereby negatively affecting gold prices. Furthermore, Mr. Trump's tax policy also increases inflation, forcing the Fed to delay cutting interest rates, or even raise interest rates again if inflation skyrockets.
Next week's gold price is likely to be torn between FED's monetary policy and geopolitical instability. However, next week, most international investors will be on holiday for Christmas and New Year 2025, so gold trading volume will decrease sharply, causing gold prices next week to only fluctuate within a narrow range.
📌From a technical perspective, next week's gold price will likely continue to adjust and accumulate. Accordingly, if next week's gold price still trades above the threshold of 2,582 USD/oz, it will continue to move sideways within the range of 2,585 - 2,665 USD/oz before the holiday. On the contrary, if next week's gold price is pushed below 2,582 USD/oz, there is a risk of falling to 2,530 USD/oz.
Notable technical levels are listed below.
Support: 2,591 – 2,552 – 2,538USD
Resistance: 2,623 – 2,634 – 2,656USD
SELL XAUUSD PRICE 2666 - 2664⚡️
↠↠ Stoploss 2670
BUY XAUUSD PRICE 2529 - 2531⚡️
↠↠ Stoploss 2525
XAUUSD fell quite sharply from 2,664 USD/oz to 2,582 USD/oz, then recovered to 2,631 USD/oz and closed the week at 2,622 USD/oz.The reason gold prices dropped sharply this week is because the FED cut interest rates by another 0.25% as predicted. However, what caused disappointed investors to sell off gold was because the Fed chairman said he would only cut interest rates two more times in 2025. Previously, in September 2024, the FED predicted four more cuts. interest rate next year.
In the same context, the US personal consumption expenditure (PCE) index in November increased by 2.8% over the same period last year, unchanged compared to October, but still much higher than the target. of the Fed is 2%. This also strengthens the possibility that the FED will reduce the current monetary easing cycle.
Furthermore, Donald Trump is about to take office as US President for his second term. If Mr. Trump implements a fiscal expansion policy and sharply increases tariffs with America's trading partners, it will significantly reduce the country's trade deficit, meaning the supply of USD will decrease sharply, pushing the currency This increases, thereby negatively affecting gold prices. Furthermore, Mr. Trump's tax policy also increases inflation, forcing the Fed to delay cutting interest rates, or even raise interest rates again if inflation skyrockets.
Next week's gold price is likely to be torn between FED's monetary policy and geopolitical instability. However, next week, most international investors will be on holiday for Christmas and New Year 2025, so gold trading volume will decrease sharply, causing gold prices next week to only fluctuate within a narrow range.
📌From a technical perspective, next week's gold price will likely continue to adjust and accumulate. Accordingly, if next week's gold price still trades above the threshold of 2,582 USD/oz, it will continue to move sideways within the range of 2,585 - 2,665 USD/oz before the holiday. On the contrary, if next week's gold price is pushed below 2,582 USD/oz, there is a risk of falling to 2,530 USD/oz.
Notable technical levels are listed below.
Support: 2,591 – 2,552 – 2,538USD
Resistance: 2,623 – 2,634 – 2,656USD
SELL XAUUSD PRICE 2666 - 2664⚡️
↠↠ Stoploss 2670
BUY XAUUSD PRICE 2529 - 2531⚡️
↠↠ Stoploss 2525
Заметка
Last week, gold was under strong pressure by the recovery of the USD and rising government bond yields following the US Federal Reserve's (Fed) policy meeting and statements by Fed Chairman Jerome Powell. As expected, the US Central Bank lowered interest rates to a range of 4.25% to 4.50%.Заметка
Заметка
Overall, the USD looks set to end this year with outstanding strength thanks to the Fed's "hawkish" stance last week. Technical factors are certainly favoring the greenback as the market enters the festive season. And unless there are any major changes, trading sentiment will continue to stay the same until early next year.Заметка
Precious metals rose because they were supported by buying pressure after a sharp decline last week in the context of the US Federal Reserve (Fed) sending a cautious message about the possibility of cutting interest rates next year.Заметка
▫️SPOT gold broke above $2,620 an ounce, up 0.27% on the day.Заметка
💡Spot gold increased slightly, reaching a two-session high of 2,629 USD/ounce, up about 0.3%, as geopolitical tensions continued to provide safe-haven support for gold prices.Заметка
🔴The amount of gold held by SPDR Gold Trust, the world's largest gold ETF, decreased by 1.15 tons compared to the previous day and the current holdings are 872.8 tons.Заметка
2024 saw bullion prices increase more than 26%, marking the largest annual increase since 2010. The precious metal hit a record high of $2,790 an ounce on October 31 after a series of price increases strong.Заметка
The world gold market recorded an impressive increase, with spot gold price reaching 2,658 USD/ounce (up 32.4 USD) and future gold price reaching 2,671 USD/ounce (up 29.9 USD).
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