Last week was chaotic. The Federal Reserve’s (Fed) hawkish 25bp cut, the hint from the dot plot that there would be only two rate cuts next year instead of four – because the US economy is too strong to continue the cuts as previously predicted – and the US debt limit shenanigans even before Trump […]

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With the holiday season underway, this week may be less volatile than the previous one, which was dominated by central bank decisions. This presents an opportunity to analyse the broader trends and outlook for gold prices in 2025. The XAU/USD chart reveals that gold prices have been moving within an ascending channel, gaining approximately 27% […]

The post XAU/USD Chart Analysis and Analytical Gold Price Forecast for 2025 appeared first on Action Forex.

Gold price started a fresh decline below $2,665. Crude oil prices are now struggling to clear the $70.00 and $70.50 resistance levels. Important Takeaways for Gold and Oil Prices Analysis Today Gold price climbed higher toward the $2,665 zone before there was a sharp decline against the US Dollar. A key bearish trend line is […]

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The financial markets were jolted by Fed’s hawkish rate cut last week, sending ripples across stocks, bonds, currencies, precious metals, and even cryptocurrencies. Fed’s indication of prolonged restrictive monetary policy fueled risk aversion, pushing Dollar to end the week as the strongest performer in the currency markets, supported by surging yields and elevated Fed expectations. […]

The post Dollar to Pause for Consolidation After Failing to Break Euro Resistance Post-Fed appeared first on Action Forex.

Gold rises above 2,600 again RSI and stochastics suggest more upside moves Gold prices are recouping some significant losses that were posted after the Fed’s policy decision on Wednesday to cut rates by 25 bps. The market tumbled to a new one-month low of 2,582 but is currently holding above 2,600. The technical oscillators are […]

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Gold under bearish pressure Likely to fall to support level 2555.00 Gold under the bearish pressure after the earlier breakout of the key support level 2617,00 (which is the lower border of the sideways price range inside which the price has been trading from November). The breakout of the support level 2617,00 stopped the earlier […]

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Gold prices are hovering around 2,650 USD per troy ounce as investors remain cautious, conserving their energy for a potential move depending on the US Federal Reserve’s rate decision later tonight. The predominant market expectation is a 25-basis-point cut in interest rates, but there’s significant uncertainty about the Fed’s monetary policy trajectory for 2025, which […]

The post Gold Holds Steady as Investors Await Federal Reserve’s Rate Decision appeared first on Action Forex.

Key Highlights Gold failed to clear the $2,725 resistance and corrected gains. A connecting bullish trend line is forming with support at $2,630 on the 4-hour chart. Oil prices are struggling to clear the $71.50 resistance. EUR/USD could decline if it breaks the 1.0450 support level. Gold Price Technical Analysis Gold prices remained well-bid near […]

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Gold prices have dropped due to increased US Treasury yields, profit-taking, and the anticipation of a less dovish Fed outlook for 2025. The upcoming Fed meeting and its economic projections, especially regarding rate cuts, will significantly impact gold prices. India’s gold imports are expected to decline in December due to a lack of festivals and […]

The post Gold (XAU/USD) Traders Await Fed Meeting: Will Prices Rally or Fall? appeared first on Action Forex.

The proposed policies of Trumponomics 2.0 may ignite a further uptick in inflationary expectations in the US. Market-transacted inflationary expectations gauge, the 5-year and 10-year US breakeven inflation rates have been trending higher since September 2024. The Fed may switch its current dovish monetary policy to a “wait and see” pivot stance on 18 December […]

The post Gold Technical: A Less Dovish Fed May Reinforce a Medium-Term Corrective Decline appeared first on Action Forex.

Gold falls below $2,700 after double top Maintains neutrality within $2,540-$2,720 Gold came under renewed selling pressure after the bulls ran out of fuel marginally above the previous lower high of $2,721, unable to initiate a clear bullish reversal. Volatility was low during Monday’s early European trading hours, with the price being squeezed between the 20-day […]

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Gold prices stabilised around 2,690.00 USD per troy ounce on Friday. The quotes fell by almost 1% in the previous session, as investors assessed the latest US economic data. The statistics prompted a rally in the yields of US treasury bonds. US manufacturing prices rose more than expected in November, fuelling concerns about the future […]

The post Gold Prices Recovered, But Future Hinges on USD Trends appeared first on Action Forex.

Gold has added almost 30% during 2024 Fed policy could continue to impact the precious metal in 2025 Geopolitical tensions tend to drive the safe haven higher 2025 could be another bright year for gold A spectacular year for the precious metal It’s been  a phenomenal year for gold, with prices rising by almost 30% and hitting numerous new all-time highs. Geopolitical uncertainties and the US presidential elections drove prices to a peak […]

The post Year Ahead – Gold’s Golden Year: Will It Shine Even Brighter in 2025? appeared first on Action Forex.

The XAU/USD chart shows: → A notable peak in November near the $2716 level (indicated by the first arrow); → Yesterday, gold surpassed this peak, reaching a new one-month high. Factors Supporting Bullish Sentiment → Yesterday’s US Consumer Price Index data met analysts’ expectations. This bolstered market speculation about a Federal Reserve interest rate cut […]

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Gold broke daily Triangle Likely to rise to resistance level 2750.00 Gold recently broke the resistance trendline of the daily Triangle, inside which it has been moving from the middle of October, as can be seen from the daily Gold chart below. The breakout of this Triangle accelerated the active short-term impulse wave 3 – […]

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Gold prices are being supported by a shift in Chinese monetary policy, and geopolitical developments. China has resumed gold purchases after a six-month pause. From a technical perspective, gold is currently caught between support at $2650 and resistance at $2700. A break above $2700 could signal further upside potential. Gold has started the week on […]

The post Gold (XAU/USD) Eyes $2,700 as Fed Rate Cut Looms, Geopolitics in Focus appeared first on Action Forex.

Gold (XAUUSD) continues to show a positive trend during the European session but stays below the $2,650-2,655 range it has been stuck in for the past two weeks. Friday’s US jobs report boosted expectations that the Federal Reserve will cut interest rates in December, keeping US Treasury yields low and supporting gold prices. Additionally, political […]

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Gold price edged higher in early Monday trading following a $10 gap-higher opening, lifted by heated geopolitical situation and fresh demand. Traders shifted into safer mode after Syrian rebels seized capital Damascus and took control over the country, with growing uncertainty about the near future, supporting gold price. Another key driver of the yellow metal […]

The post Gold Outlook: Price Rises on Geopolitics/Fresh Purchases from China appeared first on Action Forex.

Gold extends narrow horizontal move above $2,630 Buying sentiment could stay muted below $2,680 Gold remained indecisive within its ten-day tight range on Monday, unable to close above $2,650 despite Friday’s upbeat US jobs data and the recent geopolitical turmoil in the Middle East and South Korea. Technically, the safe-haven metal survived another drop below […]

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Gold price is consolidating above the $2,600 support zone. Crude oil is showing bearish signs and might decline below $66.80. Important Takeaways for Gold and Oil Prices Analysis Today Gold price started a recovery wave from the $2,610 zone against the US Dollar. A key bearish trend line is forming with resistance at $2,650 on […]

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