Gold Forecast: XAU/USD appears stuck between key technical

Nov 8, 2024 · At the moment, Gold price remains stuck between the confluence resistance of the 21-day SMA and the 38.2% Fibo level at $2,718 while holding well above the aforesaid strong …

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Gold Forecast: XAU/USD Appears Stuck Between Key Technical

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Nov 8, 2024 · At the moment, Gold price remains stuck between the confluence resistance of the 21-day SMA and the 38.2% Fibo level at $2,718 while holding well above the aforesaid strong …

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Gold Forecast: XAU/USD Takes Out All Key Resistance Levels

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5 days ago · Gold price cheers geopolitical woes and a bullish daily RSI as buyers scale all key technical hurdles. Gold price is holding close to the two-week high of $2,664 early Friday as …

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Gold Forecast: XAU/USD Rises To Key Level Ahead Of Big Macro Events

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Dec 9, 2024 · Gold prices are stuck in a two-week range despite today’s 1.3% rise so far in the trading session. November marked a turning point with gold retreating from its October highs, …

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XAU/USD Technical Analysis: Key Levels & Forecast

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Nov 8, 2024 · On the daily chart, gold price bounced off key support at $2,641, indicating a potential upward movement. Here are some technical insights: Gold is currently consolidating …

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Gold Forecast: XAU/USD Succumbing To Yields, Dollar Strength

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Dec 17, 2024 · Unlike Bitcoin, which surged to a fresh all-time high above $107K this week, gold has remained stuck in a range. The metal’s struggles highlight growing expectations that the …

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Gold (XAU) Daily Forecast: Technical Levels To Watch As Gold …

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Oct 4, 2024 · Gold Prices Forecast: Technical Analysis Gold – Chart Gold (XAU/USD) is trading at $2,663.92, up 0.27% for the session, maintaining bullish momentum above its pivot point of …

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Gold Forecast: XAU/USD Remains Confined In A Range, What's Next?

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Jun 14, 2024 · Gold price remains stuck between $2,350 and $2,277 but sellers stay hopeful amid bearish RSI. Gold price is trading on thin ice near the $2,300 level in Asian trades on Friday, …

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Gold (XAU) Price Forecast: Will Fed Rate Cuts Spark A Strong …

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Nov 7, 2024 · However, key technical levels near $2,666.25 and $2,697.28 may cap immediate gains. In the near term, gold’s outlook remains bullish, with room for gains if Fed policy …

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Gold Price Forecast: XAU/USD Extends Range Play, Awaiting Key US ...

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Oct 29, 2024 · According to a state-backed gold association, cited by Reuters on Monday, “China's gold consumption in the first three quarters of 2024 slid 11.18% from the same period …

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Gold Forecast: XAU/USD Drops As US Dollar Rally Gathers Pace

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Nov 11, 2024 · This technical shift suggests a bearish turn in the short-term XAUUSD forecast, with broken support levels at $2,750 and $2,708 now acting as resistance. Key levels to watch …

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Gold (XAU) Daily Forecast: Market Jitters Keep Gold Near $2,642; …

3 weeks from now

Oct 8, 2024 · Gold prices are likely to remain range-bound between $2,626 and $2,659 as traders await upcoming U.S. economic data. A break above $2,645 may signal further upside …

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FAQs about Gold Forecast: XAU/USD appears stuck between key technical Coupon?

Why is the gold forecast a 'wait-and-see' approach?

November marked a turning point with gold retreating from its October highs, ending a nine-month winning streak. This has left many investors adopting a “wait-and-see” approach. With the US Consumer Price Index (CPI) report and the Federal Reserve’s final meeting of the year looming, the gold forecast hinges on these pivotal events. ...

What will affect the gold forecast in the week ahead?

The week ahead, however, brings high-stakes events like interest rate decisions from major central banks and key US inflation data, all set to influence the gold forecast. Precious metals gained ground throughout the European session on Monday and were still holding into the positive heading deeper into the US session. ...

Will a downturn affect gold xau/USD in 2024?

Don't miss our 2024 XAU/USD forecast! In the XAU/USD Price Forecast 2024, our analyst, Eren Sengezer, notes that Gold carries its bullish potential into early 2024 on prospects of a looser Fed policy, lower US bond yields and a weaker USD. A downturn in the global economy, however, could weigh on demand and limit the precious metal’s gains. ...

Will a better-than-expected NFP report push gold lower?

Analysts predict that a better-than-expected NFP report could push gold lower, while weak data may spark a bullish breakout. Despite escalating tensions in the Middle East, gold (XAU/USD) has remained range-bound between $2,654 and $2,667, reflecting investor hesitation ahead of key economic data. ...

Will a higher bond yield limit gold's upside momentum?

However, with the Fed’s focus on smaller rate cuts, bond yields may rise, offering support to the USD, which could limit upside momentum for Gold. The key level to watch now is the $2,759 resistance zone; how price action unfolds around this level will guide our next steps. ...

Is a triangle pattern forming in COMEX gold futures?

COMEX gold futures are currently trading within a range of $2,550-2,800, forming a triangle pattern within this range. For confirmation that gold’s bull market has resumed, a decisive, high-volume close above both the triangle pattern and the $2,800 resistance level is necessary. ...