👑 Ideas For #XAUUSD / #GOLD
📈 Retest of consolidation support on uptrend
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GOLD is trading in a sideways range around $4,200, awaiting new labor market data to determine the Fed's policy trajectory after December's rate cut
Weak US data (a 32K decline in ADP employment and a slight increase in ISM services to 52.6) did not change market expectations. The probability of a 25 bp Fed rate cut on December 11 is around 90%. Attention has shifted to the trajectory of policy easing in early 2026. Key factors will be data on unemployment claims and sentiment on Wall Street.
The fundamental background is relatively positive, and the dollar has entered a correction phase due to expectations of lower rates, which may support the gold price...
Resistance levels: 4238, 4262
Support levels: 4185, 4175
Gold is testing the support levels of the key trading range. If the bulls keep the price above 4185 and form a bullish reversal pattern, then in the short and medium term, we can expect growth to intermediate highs.
📈 Retest of consolidation support on uptrend
———————————————
GOLD is trading in a sideways range around $4,200, awaiting new labor market data to determine the Fed's policy trajectory after December's rate cut
Weak US data (a 32K decline in ADP employment and a slight increase in ISM services to 52.6) did not change market expectations. The probability of a 25 bp Fed rate cut on December 11 is around 90%. Attention has shifted to the trajectory of policy easing in early 2026. Key factors will be data on unemployment claims and sentiment on Wall Street.
The fundamental background is relatively positive, and the dollar has entered a correction phase due to expectations of lower rates, which may support the gold price...
Resistance levels: 4238, 4262
Support levels: 4185, 4175
Gold is testing the support levels of the key trading range. If the bulls keep the price above 4185 and form a bullish reversal pattern, then in the short and medium term, we can expect growth to intermediate highs.