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#GOLD
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#XAUUSD
The current trading price of gold has reached a historical high of 4,497. As Christmas and the New Year approach, should we expect the gold price to continue to rise, or will there be a strong bearish correction before the end of 2025?
#XAUUSD
Gold has been moving inside a rising parallel channel, showing a strong bullish trend in recent sessions. Price rallied aggressively from the lower consolidation zone and pushed toward the upper boundary of the channel, where sellers became active.
1. Support Zones:
- Near-term support: 4257.49 (0.886 Fib retracement level on the chart);
- Core support: 5-week EMA (4188.80), the anchor for the weekly uptrend.
2. Resistance:
- Next weekβs key resistance: 4353.59 (current weekly high).
#GOLD
Did I say yesterday that the first three interest rate cuts were all the lowest points of the trend? These days, many people think there will be adjustments. Maybe their thinking patterns haven't changed yet. To put it simply, they haven't understood it.
Based on the market analysis, my personal opinion on #gold.
Resistance π΄: 4350 β 4450
Support π’: 4180 / 4050
Disclaimer: This analysis is for educational purposes only. Not financial advice.
#GOLD has broken out of a triple cup formation, signalling strong bullish momentum.
As long as price holds above the breakout zone, the path toward $5,000 remains intact.