Xauusd forecast on Monday
For the analysis of XAUUSD (Gold vs. US Dollar) on Monday, January 20, 2025, here are the key points based on the latest market trends and technical indicators:
- Price Levels: Gold is expected to open around the $2,690 per ounce mark on Monday, with a bullish bias. Support levels are anticipated around $2,678, with resistance potentially at $2,705.
- Technical Outlook: Recent analysis indicates that gold is consolidating above the $2,600 support level, suggesting a strong foundation for potential upward movements. The market is watching for a breakout above $2,705, which could signal an extremely bullish trend. Conversely, if gold fails to hold above $2,678, there might be a sharp correction.
- Market Sentiment: The sentiment around gold remains positive due to ongoing geopolitical risks, potential inflationary pressures, and the expectation of dovish monetary policy from the Federal Reserve. This environment bolsters gold’s position as a safe-haven asset.
- Economic Influences: Investors are particularly attentive to US economic indicators like the Consumer Price Index due this week, which could sway gold prices. A higher-than-expected CPI might lead to a stronger dollar, potentially putting downward pressure on gold, while a lower CPI could propel gold prices higher.
- Trading Signals:
- Buy Signal: If gold holds above $2,678 with a clear breakout above $2,705, traders might look to enter long positions, targeting levels around $2,710 or higher.
- Sell Signal: A break below $2,678 could signal sellers to take action, with targets potentially at $2,650 or lower, depending on the momentum of the sell-off.
- External Factors: The market is also sensitive to developments regarding Donald Trump’s policies, considering the upcoming inauguration on that Monday. Any indication of his administration’s approach to trade, tariffs, or international relations could directly impact gold prices.
- Gold sticks to gains amid weaker USD, soft bond yields; remains below $4,450
Gold (XAU/USD) maintains its bid tone heading into the European session on Thursday, though it remains below $4,450 amid mixed fundamental cues. Sliding US bond yields and Wednesday’s soft US ADP report weigh on the US Dollar (USD), assisting the commodity build on the previous day’s goodish recovery from a nearly four-week low. That said,… Read more: Gold sticks to gains amid weaker USD, soft bond yields; remains below $4,450 - Euro advances against Canadian Dollar amid lower oil prices, ECB rate hike bets
EUR/CAD gains ground for the second successive day, trading around 1.6120 during the European hours on Wednesday. The currency cross gains ground as the commodity-linked Canadian Dollar (CAD) faces pressure from declining oil prices. However, West Texas Intermediate crude could see a potential rebound following fresh United States (US) military strikes against Iranian targets near… Read more: Euro advances against Canadian Dollar amid lower oil prices, ECB rate hike bets - Gold steadies above $4,300; not out of the woods yet amid Fed hike bets and bullish USDGold (XAU/USD) struggles to build on its recovery from a nearly four-week low, touched earlier this Wednesday, retaining a mildly negative tone through the first half of the European session. The US Dollar (USD) trimmed intraday gains and offered some support to the commodity, though the upside remains capped amid hawkish US Federal Reserve (Fed)… Read more: Gold steadies above $4,300; not out of the woods yet amid Fed hike bets and bullish USD
- Gold weakens below $4,400 as US Treasury yields surge, Fed rate hike bets riseGold (XAU/USD) extends its pullback from the more-than-three-month high touched last week and falls to a fresh two-week low on Tuesday. Rising expectations of Federal Reserve (Fed) interest rate hikes and fresh tensions in the Middle East remain the main drivers behind the latest leg lower. At the time of writing, XAU/USD trades around $4,376,… Read more: Gold weakens below $4,400 as US Treasury yields surge, Fed rate hike bets rise
- Euro extends losses against British Pound as Eurozone inflation fails to impressThe Euro (EUR) heads south against the British Pound (GBP) on Tuesday, weighed by somewhat softer inflationary pressures on the Eurozone and downbeat German Retail Sales figures. The EUR/GBP pair has pulled back to 0.8560 from session highs around 0.8575 but remains trapped within the last two days’ range, supported above 0.8555. Data released by… Read more: Euro extends losses against British Pound as Eurozone inflation fails to impress
- Gold declines as rising Fed hike bets and US‑Iran tensions support USDGold (XAU/USD) struggles to capitalize on the previous day’s bounce from sub-$4,400 levels, or a one-and-a-half-week low, and attracts fresh sellers during the Asian session on Tuesday. US Federal Reserve (Fed) Chair Kevin Warsh’s comments last Friday lifted market bets for an imminent interest rate hike, which, in turn, is seen as undermining the non-yielding… Read more: Gold declines as rising Fed hike bets and US‑Iran tensions support USD
- Gold consolidates after sharp decline as higher-for-longer Fed outlook weighsGold (XAU/USD) fluctuates between gains and losses on Monday after opening the week lower and briefly falling below $4,400, its lowest level since August 19, during Asian trading hours. The metal retains a near-term bearish bias as hawkish Federal Reserve (Fed) expectations keep buyers cautious. At the time of writing, XAU/USD trades around $4,435, after… Read more: Gold consolidates after sharp decline as higher-for-longer Fed outlook weighs
- EUR/JPY Price Forecast: Remains below nine-day EMA near 185.50EUR/JPY extends its losses for the second successive day, trading around 185.20 during European hours on Monday. The technical analysis of a daily chart indicates that the currency cross is remaining within the ascending channel pattern, signaling a bullish bias. The EUR/JPY cross is maintaining a mildly bullish near-term bias as it holds above the… Read more: EUR/JPY Price Forecast: Remains below nine-day EMA near 185.50
- Gold Price Forecast: XAU/USD holds above $4.600 with all eyes on Fed Warsh’s speechGold (XAU/USD) trades practically flat for the second consecutive day on Friday, with the rejection from three-month highs near $4,700 hit earlier in the week contained at a previous resistance area, just below $4,600. Market volatility remains subdued on Friday, with investors focusing on Federal Reserve Chairman Kevin Warsh’s speech at the Jackson Hole Symposium,… Read more: Gold Price Forecast: XAU/USD holds above $4.600 with all eyes on Fed Warsh’s speech
- Gold Price Forecast: XAU/USD resumes profit-taking pullback before Warsh’s Jackson Hole speechGold is back in the red below $4,600 early Friday, resuming its corrective decline from 15-week highs of $4,697 earlier this week. Gold’s fate hinges on Warsh’s words Gold bulls are consolidating the upside, awaiting Federal Reserve (Fed) Chairman Kevin Warsh’s debut at the annual Jackson Hole Symposium. In doing so, traders are continuing to… Read more: Gold Price Forecast: XAU/USD resumes profit-taking pullback before Warsh’s Jackson Hole speech
- EUR/USD Price Forecast: Buyers remain in charge above the 200-day SMAEUR/USD is virtually unchanged on Thursday, with price action settling into consolidation after the pair climbed to a three-month high of 1.1711 earlier this week. The near-term fundamental and technical backdrop continues to favour the Euro, although momentum indicators are showing early signs of cooling as the pair attempts to build a base just above… Read more: EUR/USD Price Forecast: Buyers remain in charge above the 200-day SMA
- Gold Price Forecast: XAU/USD hits lows sub-$4,600 as US inflation supports the GreenbackGold (XAU/USD) is giving away the mild recovery seen during Thursday’s Asian session and pulls back below $4,600 during the European morning, as the US Dollar Index (DXY) consolidates above 99.00. A cautious market sentiment ahead of the Jackson Hole symposium and the hot US inflation figures seen on Wednesday have provided some support to… Read more: Gold Price Forecast: XAU/USD hits lows sub-$4,600 as US inflation supports the Greenback
- Euro: Rally stalls against US Dollar as spreads drive trade.Scotiabank strategists Shaun Osborne and Eric Theoret report the Euro (EUR) is slightly softer versus the Dollar, with its late-July rally stalling as price action mirrors yield spreads. Markets still price a hawkish European Central Bank (ECB) path, with about 24 bps of tightening expected in September and 40 bps by year-end. Sentiment remains constructive,… Read more: Euro: Rally stalls against US Dollar as spreads drive trade.
- $4700 back on Gold buyers’ radar as US core PCE inflation data loomsGold is heading back toward the fresh 15-week highs of $4,697 in Wednesday’s Asian trades, reversing a brief dip below the $4,650 level. Gold buyers find renewed strength from a broadly subdued US Dollar (USD), as they look to reposition ahead of the US core Personal Consumption Expenditures (PCE) Price Index data for July. Gold… Read more: $4700 back on Gold buyers’ radar as US core PCE inflation data looms
- Gold rallies as Iran sanctions stoke haven demandGold (XAU/USD) price resumes its advance on Monday and refreshes three-month highs at $4,681 as US Treasury Secretary Scott Bessent crosses the wires to reveal sanctions on Iran-linked entities, while investors await a speech by new Fed Chair Kevin Warsh at the Jackson Hole symposium on Friday. At the time of writing, the XAU/USD pair… Read more: Gold rallies as Iran sanctions stoke haven demand
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