Hello everyone, the gold market is entering a fascinating phase — where each price swing seems to tell the story of buyers gradually reclaiming control. When placing the current technical structure alongside recent updates from Kitco News, one thing becomes clear: the probability of gold continuing higher in the coming sessions is stronger than any opposing signal.
During yesterday’s US session, gold held firmly above 4,100 USD/oz — a level that isn’t easy to sustain without meaningful underlying demand. What’s even more notable is that this happened while other markets were quiet because of the holiday mood. The ability of gold to stay resilient in such a muted environment suggests that accumulation is still flowing quietly beneath the surface.
This week, the market will face a series of key US data releases: Retail Sales, PPI, preliminary GDP, Jobless Claims, and PCE. Each of these is capable of acting as a fresh catalyst for gold — especially if US economic momentum cools or inflation continues to soften. That is precisely what the bullish side is hoping for.
At the same time, a report from El País hints that China may be purchasing more gold than what is officially disclosed. If true, this represents a persistent but hard-to-track source of demand — the kind of structural flow that can support a long-term uptrend even when surface-level sentiment wavers.
Technically, gold has broken out and closed firmly above the 4,080–4,100 FVG, with the Ichimoku cloud below forming a stable layer of support. The higher-low structure remains intact, signalling not just strength but control from the buyers. As a result, any pullback into support is likely to be accumulation rather than the start of a reversal.
Putting all these elements together, I lean toward a clear scenario: gold still has room to move higher. Price may first dip back to 4,100–4,080 to retest support before aiming for 4,200 — and if momentum cooperates, an extension toward 4,250, aligning with November’s high and a major technical barrier, is on the table.
With both news and technicals aligning convincingly, the bullish case remains my preferred outlook for now. What about you — what do you see on your chart?
During yesterday’s US session, gold held firmly above 4,100 USD/oz — a level that isn’t easy to sustain without meaningful underlying demand. What’s even more notable is that this happened while other markets were quiet because of the holiday mood. The ability of gold to stay resilient in such a muted environment suggests that accumulation is still flowing quietly beneath the surface.
This week, the market will face a series of key US data releases: Retail Sales, PPI, preliminary GDP, Jobless Claims, and PCE. Each of these is capable of acting as a fresh catalyst for gold — especially if US economic momentum cools or inflation continues to soften. That is precisely what the bullish side is hoping for.
At the same time, a report from El País hints that China may be purchasing more gold than what is officially disclosed. If true, this represents a persistent but hard-to-track source of demand — the kind of structural flow that can support a long-term uptrend even when surface-level sentiment wavers.
Technically, gold has broken out and closed firmly above the 4,080–4,100 FVG, with the Ichimoku cloud below forming a stable layer of support. The higher-low structure remains intact, signalling not just strength but control from the buyers. As a result, any pullback into support is likely to be accumulation rather than the start of a reversal.
Putting all these elements together, I lean toward a clear scenario: gold still has room to move higher. Price may first dip back to 4,100–4,080 to retest support before aiming for 4,200 — and if momentum cooperates, an extension toward 4,250, aligning with November’s high and a major technical barrier, is on the table.
With both news and technicals aligning convincingly, the bullish case remains my preferred outlook for now. What about you — what do you see on your chart?
Trade attivo
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.