Gold traded cautiously yesterday as investors waited for this week’s FOMC meeting. But this very “quiet phase” is building the foundation for a new upward leg, as the fundamental factors still lean strongly toward the Bulls.
1. The Fed Is Nearing a Policy Shift – A Direct Boost for Gold
Lower interest rates are always a key catalyst for gold because the metal does not generate yield. When yields fall, gold immediately becomes more attractive. The market is now almost fully pricing in a potential rate cut from the Fed in early 2025 – a powerful driver for the medium-term uptrend.
2. Central Banks Continue to Buy – A Strong and Steady Support
Despite short-term pullbacks, central bank demand remains consistently strong. These institutions are long-term players, and their continued accumulation helps gold maintain its bullish tone across the entire market.
3. Geopolitical Tensions Stay Elevated – Gold Remains Well Supported
The unified support from the leaders of France, Germany, and the UK for Ukraine in London shows tensions are far from easing. Rising instability → more reasons for gold to stay strong.
4. Technical Outlook
Price is reacting around the strong resistance at 4250, but there is still no significant selling pressure.
Ichimoku shows Kumo providing solid support, with price staying above the cloud – confirming the dominant uptrend.
Current buy setup remains very reasonable:
SL: around 4173
TP: targeting 4253–4260
If price gives a mild retest and bounces, the probability of breaking above 4250 is very high.
Conclusion: The Trend Remains BULLISH
With supportive macro fundamentals + strong technical structure, XAUUSD continues to hold a clear bullish formation. As long as the Fed does not sound too hawkish, gold could easily break above 4250 and head toward higher levels in the coming days.
1. The Fed Is Nearing a Policy Shift – A Direct Boost for Gold
Lower interest rates are always a key catalyst for gold because the metal does not generate yield. When yields fall, gold immediately becomes more attractive. The market is now almost fully pricing in a potential rate cut from the Fed in early 2025 – a powerful driver for the medium-term uptrend.
2. Central Banks Continue to Buy – A Strong and Steady Support
Despite short-term pullbacks, central bank demand remains consistently strong. These institutions are long-term players, and their continued accumulation helps gold maintain its bullish tone across the entire market.
3. Geopolitical Tensions Stay Elevated – Gold Remains Well Supported
The unified support from the leaders of France, Germany, and the UK for Ukraine in London shows tensions are far from easing. Rising instability → more reasons for gold to stay strong.
4. Technical Outlook
Price is reacting around the strong resistance at 4250, but there is still no significant selling pressure.
Ichimoku shows Kumo providing solid support, with price staying above the cloud – confirming the dominant uptrend.
Current buy setup remains very reasonable:
SL: around 4173
TP: targeting 4253–4260
If price gives a mild retest and bounces, the probability of breaking above 4250 is very high.
Conclusion: The Trend Remains BULLISH
With supportive macro fundamentals + strong technical structure, XAUUSD continues to hold a clear bullish formation. As long as the Fed does not sound too hawkish, gold could easily break above 4250 and head toward higher levels in the coming days.
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Signals & setups to boost your edge
Free trading plans to follow
Real-time market insights
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.