Gold Analysis: Gold Trading Returns To Record Breakout Trends
Today’s Gold Analysis Overview:
- The overall of Gold Trend: Strongly Bullish.
- Today's Gold Support Points: $4200 – $4160 – $4090 per ounce.
- Today's Gold Resistance Points: $4270 – $4330 – $4400 per ounce.
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Today's Gold Trading Signals:
- Sell gold from the resistance level of $4300 with a target of $4060 and a stop-loss at $4360.
- Buy gold from the support level of $4140 with a target of $4300 and a stop-loss at $4100.
Technical Analysis of Gold Price (XAU/USD) Today:
Obviously, the trading week has started with a bullish move for gold prices. According to performance across gold trading platforms, spot gold prices rose to the $4265 per ounce resistance level, the highest for the gold market in five weeks. Technically, gold prices are stabilizing around the $4232 per ounce level at the time of writing.
The bullish scenario for gold will gain further momentum with a move towards the resistance levels of $4310 and $4400 per ounce, respectively. And don't forget that the gold market saw a rise of $1610.10 per ounce, or 61.24%, during 2025.
A scenario for a bearish in the gold index on the daily chart requires a return to the psychological level of $4000 per ounce; otherwise, the overall outlook remains bullish. The factors driving gold's gains continue, primarily the record purchases of tons of gold by central banks to hedge against global trade and geopolitical tensions, and the shift towards easing central bank policies, led by the US Federal Reserve.
Recently, gold prices rose strongly on the back of the decline in the US dollar price and renewed expectations that the US Federal Reserve will cut interest rates this year. In this regard, according to the FedWatch tool, traders anticipate an approximately 88% probability of a US interest rate cut this month, a scenario that would benefit non-yielding bullion prices. Financial markets are now awaiting the release of key US economic data, including the Personal Consumption Expenditures (PCE) data on Friday, for further indicators on the Federal Reserve's policy path. Furthermore, the increasing expectations of a rate cut this month have also boosted the prices of platinum and silver.
Across reputable trading platforms, gold prices dipped slightly in early trading on Tuesday, as precious metals prices are likely to remain highly sensitive to any indication of whether the Federal Reserve will lower US interest rates, which could further support both gold and silver prices.
Trading Advice:
We advise you to closely monitor gold prices before considering buying again. Never take unnecessary risks and spread your buy positions across several lower levels.
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