Markets
News
Analysis
User
24/7
Economic Calendar
Education
Data
- Names
- Latest
- Prev
- Trade
- Markets
- Copy
- Contests
- News
- 24/7
- Calendar
- Q&A
- Chats
Trending
SYMBOL
LAST
BID
ASK
HIGH
LOW
NET CHG.
%CHG.
SPREAD
SPX
S&P 500 Index
6870.39
6870.39
6870.39
6895.79
6858.28
+13.27
+ 0.19%
--
DJI
Dow Jones Industrial Average
47954.98
47954.98
47954.98
48133.54
47871.51
+104.05
+ 0.22%
--
IXIC
NASDAQ Composite Index
23578.12
23578.12
23578.12
23680.03
23506.00
+72.99
+ 0.31%
--
USDX
US Dollar Index
98.800
98.880
98.800
98.960
98.730
-0.150
-0.15%
--
EURUSD
Euro / US Dollar
1.16628
1.16636
1.16628
1.16717
1.16341
+0.00202
+ 0.17%
--
GBPUSD
Pound Sterling / US Dollar
1.33335
1.33345
1.33335
1.33462
1.33151
+0.00023
+ 0.02%
--
XAUUSD
Gold / US Dollar
4215.55
4215.96
4215.55
4218.85
4190.61
+17.64
+ 0.42%
--
WTI
Light Sweet Crude Oil
59.988
60.025
59.988
60.063
59.752
+0.179
+ 0.30%
--
- All
- Chatrooms
- Groups
- Friends
Connecting
.
.
.
- All
- Russia-Ukraine Conflict
- Middle East Flashpoint
Gold Price Develops Towards 1600 with Heated Rate Hike Expectations
Summary:
The expectations of a significant Fed rate hike continue to rise, and U.S. Treasury Securities yields continue to soar, posing an obvious suppression on the gold price. There is still the possibility of further decline in the short term.
CLOSED
1638.00
Entry Price
1605.00
TP
1662.00
SL
4215.55 +17.64 +0.42%
240.0
Pips
Loss
1605.00
TP
1662.10
Exit Price
1638.00
Entry Price
1662.00
SL
Fundamentals
Recently, the conflict between Russia and Ukraine continued to escalate. Putin announced that the four regions including Kherson that joined Russia through a referendum had entered a "state of war", and the battle of Kherson was imminent. In addition, interest rate hikes by central banks have deepened fears of a global recession, with the Federal Reserve's Beige Book saying that companies are more pessimistic about the economic outlook, providing some opportunities for gold prices to rebound.
However, the USD and gold price correlation is relatively strong. The overall situation remains that the USD is stronger than the gold price. As long as inflation does not cool down quickly, the Fed may raise interest rates further and push up the USD and U.S. Treasury Securities, posing an obvious suppression on the gold price. Meanwhile, the latest CPI data released by the UK, the eurozone, Canada, and other countries remains high, reinforcing the expectation that central banks in these countries and regions will raise interest rates significantly in the future. It is difficult for gold prices to continue to perform well in such an environment.
Technical Analysis
In the 1D timeframe, The XAUUSD continued its recent downward trend and has successively lost 1660 and 1640. The bearish signal has been further strengthened. The short-term bias is to test the support near 1620, and will even further fall to near 1600.
In the 4H timeframe, the short-term gold price was once close to 1620. The indicator RSI entered the oversold zone and the price quickly rebounded to above 1630. However, the overall downward trend remained intact. The short-term rebound space was limited. Patience is needed to wait for the opportunity to go short after the complete adjustment, and attention should be paid to the resistance near 1640 above. If the rebound is confirmed but doesn't break the resistance, the gold price will continue its downward trend under pressure.
It is recommended to go short at the highs, namely to go short with small positions when the price rebounds to near 1640, with the target set near the lower integer level of 1600 and the stop loss above 1660.
Trading Recommendations
Trading direction: Short
Entry price: 1638.0
Target price: 1605.0
Stop loss: 1662.0
Support: 1620/1600
Resistance: 1660/1640
Risk Warnings and Disclaimers
You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
Copyright © 2025 FastBull Ltd
728 RM B 7/F GEE LOK IND BLDG NO 34 HUNG TO RD KWUN TONG KLN HONG KONG
Risk Disclosure
The risk of loss in trading financial instruments such as stocks, FX, commodities, futures, bonds, ETFs and crypto can be substantial. You may sustain a total loss of the funds that you deposit with your broker. Therefore, you should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.
No decision to invest should be made without thoroughly conducting due diligence by yourself or consulting with your financial advisors. Our web content might not suit you since we don't know your financial conditions and investment needs. Our financial information might have latency or contain inaccuracy, so you should be fully responsible for any of your trading and investment decisions. The company will not be responsible for your capital loss.
Without getting permission from the website, you are not allowed to copy the website's graphics, texts, or trademarks. Intellectual property rights in the content or data incorporated into this website belong to its providers and exchange merchants.
Not Logged In
Log in to access more features
FastBull Membership
Not yet
Purchase
Become a signal provider
Help Center
Dark Mode
Price Up/Down Colors
Log In
Sign Up