Gold hits key resistanceMarkets are focused on the policies of US President Donald Trump, who took office on Monday. Bloomberg reported: “Trump’s policies have caused volatility in markets, traders are heeding warnings about currencies...
Trump announced plans to impose tariffs of up to 25% on products imported from Mexico and Canada by February 1. He also promised to accelerate US energy development and lift restrictions on oil drilling in most of the US coast.
Asian and European stock markets traded mixed overnight. US stock indexes are expected to open higher and hit two-week highs when trading in New York begins.
In key overseas markets, Nymex crude oil futures fell sharply, trading around $76.00 a barrel. The yield on the benchmark 10-year US Treasury note is currently at 4.582%. There is no major US economic data due on Tuesday.
Technically, the February gold futures are tilted to the upside, giving the short-term bulls an advantage. The buyers’ objective is to push the price above the key resistance at the December high of $2,761.30. Conversely, the sellers want to push the price below the strong support at $2,650.00.
Gold-trading
The global economy faces many uncertainties.Gold prices rebounded overnight as Donald Trump is likely to delay imposing tariffs. According to the Wall Street Journal, Trump issued a presidential memorandum directing federal agencies to investigate trade deficits and address unfair trade and currency policies from other countries. However, the directive does not include imposing new tariffs on the first day of his inauguration, which many countries have feared.
Fears of tariffs and a global trade war have significantly affected the precious metals market. Last week, gold prices rose above $2,700 an ounce, while silver prices returned above $30 an ounce, reflecting the urgency of the market.
Some analysts have attributed the rise in gold and silver prices to disruptions in the global supply chain as the precious metals are moved from London to New York. Donald Trump’s tariff threats have created huge volatility in the futures and physical asset swaps market, as banks have moved large amounts of metals to the US to avoid the risk of potential tariffs.
🔥 XAUUSD SELL 2726 2628🔥
✔️TP1: 2710
✔️TP2: 2700
✔️TP3: OPEN
🚫 SL: 2736
Gold prices gain momentum from Trump's tariffsGold prices hit a more than 11-week high in afternoon trading on January 22, not far from last year's record, driven by safe-haven demand amid uncertainty over US President Donald Trump's trade policies and a weak US dollar.
Spot gold rose 0.3% to $2,751.89 an ounce at 12:02 (Vietnam time), after hitting its highest since November 1 earlier in the session, and nearing a record $2,790.15 an ounce set in October 2024. US gold futures also rose 0.3% to $2,768.40 an ounce.
There is still some uncertainty regarding the timing of Trump’s tariff plans with major US trading partners, which has created uncertainty about the direction of the US dollar, which is the main short-term catalyst for gold prices, said Kelvin Wong, senior market analyst for Asia Pacific at OANDA.
Gold’s appeal as an inflation hedge could be dented if Mr Trump’s policies, which are seen as inflationary, lead the US Federal Reserve to maintain high interest rates for a prolonged period. Higher interest rates reduce the appeal of gold, which does not pay interest.
Gold is still on the riseThe euro and the pound have gained against the dollar, putting the two currencies on track for their biggest one-day gains against the dollar in more than a year. The reason is that new President Donald Trump will not impose tariffs on US trading partners on his first day in office. On the other hand, analysts say that the import tariffs that Donald Trump is expected to impose are being exaggerated. Accordingly, the dollar may continue to depreciate in the coming time, which is beneficial for the gold market.
As the dollar depreciates, gold becomes more attractive to holders of other currencies. Meanwhile, traders expect gold prices to rise even further in the future.
Gold could surge above $2,800 if Donald Trump puts his proposals into action. Persistent inflation and rising economic uncertainty as government debt continues to rise are helping push gold prices to a key resistance level above $2,700 an ounce. While gold is seeing solid gains, some analysts note that the precious metal still has a long way to go before it breaks out of a two-month consolidation.
🔥 XAUUSD SELL 2739 2741 🔥
✔️TP1: 2720
✔️TP2: 2710
✔️TP3: OPEN
🚫 SL: 2746
Gold's Reaction to Trump: Navigating the Supply Area DynamicsGold prices experienced a moderate increase on Monday, buoyed by thin liquidity in the markets as Donald Trump officially assumed office as the 47th President of the United States. The precious metal, often regarded as a safe haven, found support amidst the uncertainty surrounding the new administration's economic policies.
During Trump's inauguration speech, the U.S. dollar (Greenback) weakened, reacting negatively to his decision to set aside aggressive tariff policies that some analysts believe could otherwise lead to inflationary pressures. This shift in tone suggests a more measured approach to trade, which alleviated fears of an impending trade war—an environment generally conducive to gold's appeal. Investors began to reassess how such policy changes could impact inflation and, in turn, the Federal Reserve's monetary policy stance going forward.
As of the latest update, XAU/USD is trading at $2,708. Market sentiment indicates a potential short flash bearish impulse on the supply area. Traders are closely watching the $2,680 to $2,650 zone, anticipating a possible retest, which may provide an opportune moment for profit-taking, especially if market dynamics shift in favor of a stronger dollar.
From a technical perspective, this supply area will be critical for traders focusing on short-term moves. A rejection of prices at these levels combined with weaker fundamentals could signal a bearish trend ahead, offering potential short plays for those looking to capitalize on market fluctuations. Conversely, if gold holds above these levels and there is a sudden shift in risk sentiment or a renewed spike in inflation fears, we could see gold prices testing resistance levels above the current trading price.
In conclusion, with Trump taking office and the markets adjusting to his policies, gold is likely to remain volatile in the near term. Investors should keep a close watch on economic indicators and market sentiment, as these factors will heavily influence gold prices in the coming days. For now, navigating the recent price action within the supply area presents intriguing possibilities for both short and long positions, depending on how the market reacts to unfolding events.
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Gold cools as fighting eases in GAZA#️⃣ The Israeli Prime Minister officially announced that he will ratify the ceasefire agreement in Gaza! Trump repeated: I have merit
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⭐️Israeli Prime Minister Netanyahu confirmed that the ceasefire agreement with Hamas has been completed and will take effect on Sunday, right before Donald Trump takes office as US president.
✔️The agreement brokered by Biden, Trump and Qatar includes: Hamas will release 33/98 hostages, Israel will withdraw troops from Palestinian residential areas and release 1,000 Palestinian prisoners.
➡️Trump asserted that this agreement would not have been possible without his participation, while Biden emphasized his desire for a long-term ceasefire to stabilize the region.
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There are many mixed opinions within Israel: the extreme right wing opposes the agreement, while the Israeli stock market increased sharply by 4.4% last week due to positive expectations from the agreement.
Political Situations Are Calming Down as Trump Takes Office, Cooling Down Gold
Moving Investors Money to Crypto Market, Hottest Place Right Now
Gold Gains Amid Low US Inflation – More Upside Ahead?
Looking at the gold price action on the 4-hour chart, I see some technical signals supporting the possibility of a price increase. Currently, the price is hovering around $2,699 and maintaining above the EMA 34 ($2,693) and EMA 89 ($2,672). This shows that the uptrend is still dominant. At the same time, the price bounced after touching near the EMA 34 in the recent session, reinforcing the important support role of this area.
The arrangement of the EMAs still supports the uptrend, with the EMA 34 above the EMA 89. This combined with the recovery momentum from technical support creates expectations that the price will test the important resistance zone at $2,728. A break of this level would open the possibility of a price increase to the $2,750 area and higher. However, it should be noted that the support zone at $2,693 (34 EMA) will be the first line of defense if the price corrects. If the price breaks this zone, selling pressure could push the price down to the $2,672 (89 EMA) zone.
Fundamentals: Lower-than-expected inflation data has reinforced expectations that the US Federal Reserve (FED) will continue to cut interest rates, which will weaken the USD and increase the appeal of gold as a safe-haven asset. At the same time, investors are still waiting for economic policy information after Donald Trump returns to the White House.
I see gold in a short-term consolidation but has the potential to bounce if it breaks the important resistance zone. Watch the $2,728 zone closely to assess the next market momentum.
Gold will have a correctionThe US core CPI was lower than expected, a positive sign for gold, increasing the likelihood that the Fed will continue to cut interest rates this year.
The market now expects the Fed to cut interest rates by 40 basis points by the end of the year, compared to around 31 basis points before the inflation data.
Meanwhile, gold is stuck in the crosshairs of Donald Trump, who is about to start his second term next week. Experts say that imposing tariffs on many types of imports could increase inflation and further limit the Fed's ability to cut interest rates.
Many believe that precious metals will have no shortage of bullish catalysts in 2025. According to Chris Mancini, portfolio manager of Gabelli Gold Fund, the main catalyst he is watching is economic uncertainty and the impact on consumer prices.
World gold price increased slightly after CPIGold prices rose sharply on the back of a fresh US inflation report that showed the pace of growth was not too hot.
Key US economic data released recently showed that the consumer price index (CPI) in December rose 2.9% year-on-year, in line with market expectations, compared to a 2.7% increase in the November report. The core CPI (excluding food and energy prices) rose slightly more than expected, rising just 0.2% compared to a forecast of 0.3% month-on-month.
US stock indexes are expected to open sharply higher in New York trading, supported by more moderate US inflation data.
In overnight news, the Japanese yen rose sharply on fresh speculation that the Bank of Japan will raise interest rates at its monetary policy meeting later next week.
UK consumer prices came in slightly below market expectations, raising hopes of a resumption of rate cuts when the Bank of England meets early next month.
Will the USD pressure last?On the 4-hour chart, gold prices remain within the uptrend channel established since late December 2024. Despite the sharp corrections in the recent session, the current price ($2,670/ounce) is still above the dynamic support zone of the EMA 34 and EMA 89, indicating that the uptrend has not been broken. However, the pressure from the USD Index – which rose to a 2-year high of 109.35 points – is causing gold to lose short-term momentum.
On a closer look, the important resistance zone at $2,696/ounce, corresponding to the recent peak, has triggered strong selling pressure. Meanwhile, the RSI in previous analyses has shown signs of overbought conditions, increasing the possibility of a correction. However, the main trend line and the $2,660/ounce support zone are still acting as psychological support for the bulls.
In terms of news, the strength of the USD comes from two factors: positive US economic data and high bond yields (nearly 4.8%). These yields have attracted capital flows away from gold to invest in bonds. In addition, investors are worried about financial instability before Donald Trump returns to the White House on January 20. This uncertainty could spur some gold buying to hedge against risks, creating support for gold prices in the short term.
Personal trading strategy:
Bullish scenario: If the price holds above the $2,660/ounce support zone, I expect the price to bounce back to test the $2,696 zone. A breakout of this zone could push the price towards the target of $2,720.
Bearish scenario: If price breaks the $2,660 zone and the 89 EMA, I expect price to fall further to the $2,640/ounce support zone, or even $2,620.
Gold prices under pressure from profit takingAt the beginning of the trading session on January 13 (US time), the world gold price fell sharply due to the high demand for profit-taking in the market after the price increased continuously in recent sessions. In addition, the USD also increased sharply. The DXY index reached 109.9 points, the highest level in 2 years.
However, according to analysts, in the last sessions of last week, the gold price continuously approached the level of 2,700 USD/ounce, showing positive signals for the precious metal in the future, despite the great resistance of the recovering USD and the rising US Treasury bond yields.
It can be seen that in the context of many factors against gold, gold is supported by the hedging tool of inflation, financial market fluctuations, economic and geopolitical tensions.
The latest survey results from WisdomTree, an American asset management group, show that the main purpose of using gold in investors' portfolios is "diversification" to spread risks, helping to minimize potential risks in other investments.
Gold prices will fluctuate strongly when Trump takes officeGold prices fluctuated violently today when the USD Index reached 109.35 points, helping the value of the USD increase to its highest level in the past 2 years.
On the other hand, bond interest rates also increased to nearly 4.8%, which encouraged many people to invest in this investment channel. Since then, very little money has flowed into the gold market. Today's gold price has taken on additional disadvantages.
Under pressure from the USD and US bonds, speculators may think that holding gold is disadvantageous. Therefore, many people have sold gold to take profits. Today's gold price has naturally "evaporated" tens of USD/ounce.
Analysts say the international gold market is fluctuating unpredictably due to investors' concerns about financial stability, before Mr. Donald Trump returns to the White House on January 20.
World gold prices increased despite the high USD.Gold prices hit a near four-week high on safe-haven demand amid financial market turmoil. Investors sought safety amid concerns about Britain's finances and President-elect Donald Trump's economic policies.
In Britain, concerns about the budget deficit sent the pound to its lowest in more than a year against the dollar, with 10-year government bond yields rising to 4.92% and the FTSE 250 index falling for a third straight day, raising concerns about the risk of global financial contagion.
Meanwhile, market attention turns to Friday's US nonfarm payrolls report, which is expected to show the number of new jobs in December fell to 160,000, compared with 227,000 in November.
🔥 XAUUSD SELL 2677 2679🔥
💵 TP1: 2665
💵 TP2: 2655
💵 TP3: OPEN
🚫 SL: 2687
BITCOIN BTC Machine Learning Approximation Strategy applied GOLDHey everyone. Here's a new trade idea potentially for Gold. I created a a new trading strategy script for Bitcoin, and I tuned the parameters for Gold. The original script is called the "BITCOIN BTC Machine Learning Approximation Strategy by NHBPROD." It implements a simplified Machine learning technique and then produces and output that can be used to buy and sell. The script is only for long trading. I'll attach a link: ( ) to the original strategy script. This is the strategy script, but I also have the indicator script which can be used to automate buy and sell signals directly to your phone, email, or your bot.
Anyway, applying the idea to Gold, and tuning the parameters gives me a pretty good backtest, AND it shows that Gold has just entered a buy zone on the daily chart.
On average according to the performance, the average trade profit is roughly 2%, so this could be a great time to buy Gold and expect a 2% gain.
Gold testing key resistance hereGold has been able to ignore the US dollar strength and rising bond yields until now. But since topping out in October, it has created a few lower highs, suggesting that the trend is no longer bullish as it was in the early parts of last year. The precious metal is now testing a bearish trend line derived from connecting the prior two highs. This trend line happens to cut through a key resistance zone between 2675 to 2685. What's more, the 61.8% Fibonacci retracement level against the December high comes in around this area, at 2671. All this makes it an ideal area for the sellers to potentially step in. Can we see a potential drop here? Or will the bulls prevail despite all these technical hurdles?
By Fawad Razaqzada, market analyst with FOREX.com
Gold is still a safe investment channel.After a 27% gain in 2024, gold is still making experts and retail investors confident, with the precious metal forecast to surpass $3,000 an ounce this year.
However, the rally will not happen immediately as the current consolidation phase is expected to last for several more months. Some experts predict that gold will trade in the range of $2,500-2,700 an ounce in the first half of the year, but prices will break out and surpass $3,000 an ounce in the second half of 2025.
The bullish macro picture, combined with continued geopolitical risks and strong government buying, will push gold prices to new highs in 2025.
Gold prices are largely driven by the Federal Reserve’s decision this year. “The key question for the gold market now is how quickly the Fed will ease policy following Donald Trump’s victory, with the inflationary impact of Trump’s policies likely to result in fewer rate cuts than expected.”
Nonfarm Forecast This WeekendUS Treasury yields rose to their highest since May last year, which has been a factor in the decline in gold prices. In contrast, the US dollar index fell sharply today due to concerns about the country's ballooning debt burden, which also supported gold's highs. In a new development, President-elect Donald Trump denied that he would ease new trade tariffs. Mr. Trump dismissed a Washington Post report citing his aides as saying that the new president might be more selective about new tariffs.
After rising 27% in 2024, Goldman Sachs recently dropped its forecast for gold to reach $3,000 an ounce by the end of 2025, instead forecasting 2026 due to expectations that the US Federal Reserve will cut interest rates less.
Investors are now looking ahead to Friday's nonfarm payrolls data, which is expected to help shape expectations for the Fed's interest rate path this year. Market watchers are also looking to private sector employment data and the minutes of the Fed's most recent policy meeting for further details.
🔥 XAUUSD SELL 2640 - 2638🔥
💵 TP1: 2630
💵 TP2: 2620
💵 TP3: OPEN
🚫 SL: 2647
World gold price todayOver the past 10 years, January has typically been the best month for gold. However, Low said that is not necessarily true in the post-pandemic era when countries are still struggling. He pointed out that while recent data shows that Chinese gold demand has been strong over the past 12 months, some US factors could hold back gold prices this month. Investors are still looking at the hawkish factors at the US central bank’s final policy meeting of the year, he said. The revelation that the Fed will slow its pace of rate cuts this year has put the US dollar in a good position, which is not very positive for the precious metal.
Another issue Low noted was that the technical outlook for the yellow metal had deteriorated somewhat over the past week. He observed that prices had fallen below the 100-day moving average for the first time in more than a year. Although prices have rebounded in subsequent sessions on the back of buying from investors, he noted that this is also a negative sign for gold.
Gold price today 1/2/2025Safe haven demand and central bank rate cuts are the catalysts for gold’s rise in 2024, with the precious metal likely to rise more than 26% in the year, its best performance since 2010. Experts say these factors will continue to drive the precious metal in the new year. However, sentiment is likely to turn more cautious given the policy shift under US President Donald Trump.
Geopolitical tensions are expected to remain elevated next year, as central banks continue to buy gold, while the US debt problem could return. Donald Trump. All of this will provide safe haven demand for the precious metal...
This expert commented that this year will be a bit difficult for gold as the price of this precious metal has increased by nearly 27% in 2024. Prices cooled down in November and December but mainly due to the US election results as it somewhat affected the outlook of the US Federal Reserve (FED) this year.
🔥 XAUUSD SELL 2636 - 2638🔥
💵 TP1: 2615
💵 TP2: 2605
💵 TP3: OPEN
🚫 SL: 2645
USD is recovering because of hawkish policiesLast week, the global gold market had a quiet trading week, with prices capped at $2,650/ounce. This week, gold prices are also expected to remain flat due to the tug-of-war between safe-haven demand and pressure from the recovery of bond yields and the greenback.
Speaking about gold's movements in 2025, City Index market analyst Fawad Razaqzada said that although the US dollar and higher bond yields could negatively impact gold, there are still some supporting factors that could help the precious metal reach $3,000/ounce.
The expert explained that amid persistent inflation concerns, the US Central Bank is expected to be more cautious in its interest rate decisions next year. This is likely to support bond yields and the US dollar, two factors that often reduce the appeal of gold.
Higher bond yields have a significant impact on investment demand for the yellow metal, as they increase the opportunity cost of holding these non-yielding assets. “At the same time, the greenback’s resilience, supported by hawkish central bank policies and strong economic data, makes gold more expensive for buyers holding other currencies. These dynamics could limit gold’s upside potential in the first half of next year.”
🔥 XAUUSD SELL 2625 - 2628🔥
💵 TP1: 2620
💵 TP2: 2610
💵 TP3: OPEN
🚫 SL: 2637
World gold prices have not changed muchIn its Commodity Outlook 2025 report, TD Securities analysts noted that the Fed's rate-cutting cycle, geopolitical uncertainty and strong central bank demand for gold have pushed gold prices to record highs this year, but capital flows have not provided strong support.
"There is no shortage of compelling macro stories that have fueled gold's rally in recent months ahead of the US election. However, the gold rally has not been supported by capital flows.
Modules have maintained a 'maximum buy' status since August, confirmed by the largely unchanged COT report. In Shanghai, traders have sold nearly 35 tonnes of nominal gold in recent weeks as domestic investment opportunities have become more attractive.
Gold buying has been driven largely by traditional ETFs and China. Fund managers have largely eliminated short positions. At the same time, rising US dollar and US interest rates have reduced the attractiveness of gold to Western capital inflows in the short term."
World gold price increased slightlyLooking ahead to gold prices, John LaForge, head of physical asset strategy at Wells Fargo, said during his bank's annual outlook webinar that he won't be paying much attention to the Federal Reserve in 2025. Economists at the bank expect the U.S. central bank to cut interest rates only once next year.
He also pays more attention to central bank demand than the opportunity cost of real yields, said the macro investment strategist at Tanglewood Total Wealth Management. Analysts are also paying attention to emerging market consumer demand. In early 2024, gold prices were boosted by record central bank purchases and unprecedented demand from Asian consumers and investors, primarily China.
World gold prices increased slightly as the USD decreased. Recorded at 9:35 a.m. on December 26, the US Dollar Index, which measures the fluctuations of the greenback against 6 major currencies, was at 107.940 points (down 0.08%). According to the World Gold Council (WGC), central banks' demand for gold has reached its highest level in more than ten years. This is a clear demonstration of gold's solid position as a safe haven asset, especially when the global geopolitical and economic situation continues to be unstable. At the same time, loose monetary policies and a slower pace of interest rate hikes from central banks have also contributed to creating positive momentum for gold prices.
🔥 OANDA:XAUUSD SELL 2631 - 2629🔥
💵 TP1: 2620
💵 TP2: 2610
💵 TP3: OPEN
🚫 SL: 2638
World gold prices slightly decreased as the USD increasedHowever, the precious metal is under some pressure as the dollar index rose sharply and US Treasury yields rose slightly.
The Conference Board reported on Monday that its US consumer confidence index fell to 104.7, down from a revised 112.8 in November. The reading was weaker than expected, with economists predicting the index would be largely unchanged.
“Expectations that consumer confidence would continue to recover were not realized in December, as the index fell back to its two-year average,” said Dana Peterson, chief economist at the Conference Board.
Gold is struggling to find its way amid the holiday lull, said James Hyerczyk, an analyst at FX Empire.
“The Federal Reserve’s hawkish stance and forecast of fewer rate cuts in 2025 are keeping gold under pressure. The precious metal will face key support tests during the holiday week