Gold Prices on the Rise, Confluence Resistance in Sight. What Now for XAU/USD?

United States News News

Gold Prices on the Rise, Confluence Resistance in Sight. What Now for XAU/USD?
United States Latest News,United States Headlines
  • 📰 DailyFX
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 63%

This article examines gold’s outlook, analyzing potential scenarios that may emerge in the near future in light of the Fed’s monetary policy outlook and price action dynamics.

Factoring in recent gains, XAU/USD has risen more than 2% from last week’s lows near $1,985 set in the wake of hotter-than-anticipated U.S.Earlier in 2024, bullion's prospects looked brighter on the assumption that the Fed would deliver aggressive easing measures this year. However, overly dovish expectations have since moderated on account of strong U.S. labor market data and stagnating progress on disinflation.

Wondering how retail positioning can shape gold prices? Our sentiment guide provides the answers you are looking for—don't miss out, get the guide now! On the flip side, if sellers return and spark a bearish reversal off current levels, technical support emerges at $2,005, followed by $1,990. From here onwards, additional losses could result in a pullback towards $1,975. On further weakness, all eyes will be on the 200-day simple moving average.Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

DailyFX /  🏆 305. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Gold Prices Bounce off Confluence Support, Markets Eye US PPI for Fed CuesGold Prices Bounce off Confluence Support, Markets Eye US PPI for Fed CuesThis article explores gold's fundamental and technical outlook, dissecting key scenarios that could play out in the near term in response to U.S. PPI data.
Read more »

Gold Sinks Below $2,005 as U.S. Rates RiseGold Sinks Below $2,005 as U.S. Rates RiseGold sank below $2,005 as U.S. rates rose following higher-than-expected CPI numbers. Technical analysis suggests further downside potential.
Read more »

The Rise of the Mob Wife Aesthetic on TikTokThe Rise of the Mob Wife Aesthetic on TikTokTikTok has embraced a new aesthetic trend called the mob wife, characterized by opulent fashion and ostentatious glamour. The hashtag mobwife has gained over 100 million views, with creators sharing their rendition of this archetype.
Read more »

The Rise of Air Suction Clitoral Toys and Rose PartiesThe Rise of Air Suction Clitoral Toys and Rose PartiesAir suction or Pleasure Air clitoral toys have gained popularity in recent years, providing intense stimulation similar to cunnilingus. The Rose, a silicone air-suction toy shaped like a rose, has become particularly famous. It has even inspired the creation of 'Rose Parties', which combine elements of a masturbate-a-thon and a sporting event.
Read more »

The Rise of Mob Wife Glamour: A Throwback TrendThe Rise of Mob Wife Glamour: A Throwback TrendMob wife glamour is the latest trend that brings back vintage aesthetics with a throwback feel. From voluminous curls to dramatic eye makeup, this trend incorporates elements from the '70s, '80s, '90s, and Y2K. Discover how a new generation is embracing the style of mob wives and bringing it back into the spotlight.
Read more »

The Rise of Movie Adaptations of Stage MusicalsThe Rise of Movie Adaptations of Stage MusicalsBetween the recent release of Mean Girls and the upcoming release of Wicked, movie adaptations of stage musicals seem to be having a new renaissance. On-screen musicals are truly having their moment, and this article reflects on the last 10 years of modern-day musicals.
Read more »



Render Time: 2025-02-07 21:47:36