XAUUSD
Gold Technical Analysis: Bullish Structure Emerges
Gold prices start the week lower as the US dollar strengthens due to averted government shutdown and expectations of a stronger dollar in 2025.
Gold’s safe haven appeal may be tested by geopolitical risks in Syria and the ongoing Russia-Ukraine conflict.
Technical analysis suggests a bullish structure for gold on a four-hour time frame, with a potential for further upside if the “Golden Ratio” price level holds.
Support
$2600
$2583
$2570
Resistance
$2624
$2639
$2650
Gold Outlook 2025: Navigating Rates, Risk And Growth
Gold is poised for its best annual performance in more than a decade – up 28% through November.
As we look forward, all eyes are focused on what Trump’s second term may mean for the global economy.
Investment demand, especially through over-the-counter transactions, was supported by an undercurrent of geopolitical risk and volatility in many regional financial markets.