Technical Outlook for Gold Price (XAUUSD) On the daily chart, gold remains in a prolonged consolidation phase, with price action mainly hovering around the 21-day Exponential Moving Average (EMA21) and the technical level of 2,644 USD. Although gold has recovered from the previous decline, the overall picture still leans towards a bearish scenario, with the main...
XAUUSD is declining after falsely breaking the resistance level of the range. The fundamental backdrop is mixed and still does not allow for the formation of a clear mid- to long-term strategy. Trump's policies are creating new risks. Before taking office, he signaled the possibility of raising tariffs globally (on Canada, Mexico, Europe, China, and BRICS...
Gold prices remained stable above $2,600 in the past week, primarily supported by increasing geopolitical tensions. However, after Donald Trump's victory in the U.S. presidential election, gold still faced pressure to limit its price increase, as the U.S. dollar is expected to be supported by Trump's win. Regarding gold's recent recovery, after the release of the...