GOLD MARKET ANALYSIS AND COMMENTARY - [January 06 - January 10]

3 дня назад

XAUUSD are almost trading in a narrow range throughout the Christmas holiday and New Year 2025. Currently, gold prices have not yet escaped the triangle model of the H4 technical chart.

Entering 2025, three important factors can shape the price of gold. First, the big event will take place on January 20 this year when Donald Trump takes office as US President. Mr. Trump is likely to put pressure on the FED to influence the interest rate environment.

Second, Mr. Trump will heat up the trade war with other countries, especially with Canada, Mexico, Europe and China. This means economic growth could suffer and geopolitical instability could linger.

Third, we are in a period where most investors will reallocate investment flows into their portfolios. As economic and political variables are gradually changing.

In the long term, gold prices may continue to be influenced by the above factors. But in the short term this week, the market will focus on important US economic data, such as manufacturing and service PMI index; Employment indicators: ADP, NFP, unemployment rate... If US employment figures, especially NFP, increase stronger than expected, gold prices will be under pressure to adjust. On the contrary, if US employment figures continue to decline sharply, it will positively support gold prices.

📌Technically, from a short-term perspective this week, there are 2 resistance levels to pay attention to: the resistance level at 2685 and the round resistance level at 2600. In case the resistance level is broken, corresponding to the price breaking through the Downtrend line, the price will Gold will continue to maintain its upward trend to the 2720-2790 thresholds respectively. In the opposite case, if the gold price drops from the Uptrend line, we will see a scenario where the price drops back around the 2530 threshold.

Notable technical levels are listed below.
Support: 2,634 – 2,604 – 2,600USD
Resistance: 2,664 – 2,693USD

SELL XAUUSD PRICE 2686 - 2684⚡️
↠↠ Stoploss 2690

BUY XAUUSD PRICE 2599 - 2601⚡️
↠↠ Stoploss 2595

3 дня назад

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⚫Goldman Sachs adjusted the gold price forecast, saying that by the end of 2025 the gold price will reach 2910 USD/ounce, instead of 3000 USD as previously expected, and the target of 3000 USD was moved to mid-2026. The reason is due to the Fed's interest rate reduction policy being less aggressive than expected and demand for gold ETFs decreasing.

3 дня назад

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Gold adjusted down to 2,614 USD/oz

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▫️SPOT gold hit $2,640 an ounce or more, up 0.15% on the day.

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▫️Central Bank of China: China's gold reserves at the end of December were reported to be 73.29 million ounces (about 2279.58 tons), an increase of 330,000 ounces (about 10.27 tons) from a year ago there.

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🔴India's gold imports plummeted by $5 billion in November, the largest decrease

16 часов назад

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Notably, contrary to inaccurate information from the Washington Post about the easing of sanctions, sanctions are actually having a positive impact on USD strength.

7 часов назад

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ECB economic bulletin: Based on market expectations about future interest rate trends, loose financial conditions will also boost domestic demand.