Gold
Gold price ticks higher on Friday after repeated failure to register clear break of psychological $4000 support.
The metal is on track for the fourth consecutive weekly loss, pressured by stronger dollar on growing expectations that Fed will start raising interest rates, with the first action expected as early as September.
Thursday’s US PCE data (Fed’s preferred inflation gauge) showed that inflation rose above 4% for the first time in three years, adding to growing bets for rate hike.
Bears face strong headwinds at $4000 zone which marks significant support (attacked for the first time since early November 2025), with oversold daily studies and anticipated partial profit-taking at the end of the week, expected to provide temporary support to the price.
Limited upticks are likely to mark positioning for fresh push lower, as long as fundamentals remain dollar favorable and daily techs firmly bearish.
Solid resistance at $4170 (falling 10DMA / 50% retracement of $4382/$3959 bear-leg) should ideally cap upticks and keep intact barriers at $4200 (round-figure) and $4220 (Fibo 61.8%).
- Gold shrugs off Fed hike as falling yields reopen path to $4,400
- Euro: Fair value falls on oil and Fed pressure against US Dollar.
- Gold: Higher yields cap recovery prospects – OCBC
- Gold consolidates gains as traders brace for Fed interest rate decision
- GBP/USD Price Forecast: Fails near 1.3500 as bears eye 200-SMA ahead of Fed decision
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