Gold Remains Strong, But US Data Could Change Everything
Fundamentally, gold is trading sideways today, tending to be bullish around the $4,200 per troy ounce area, following a strong rally throughout 2025 and strengthening in recent days. Recent data suggests gold is holding near multi-month highs as the market is confident the Fed will cut interest rates by 25 basis points next week, supported by weak employment data and a series of economic releases pointing to policy easing. The US dollar itself is near multi-week lows, and US bond yields are no longer rising aggressively, so pressure on gold from the dollar and yields is considered to be easing.
Looking ahead in the very short term (today–early next week), the market focus remains on US inflation and employment data, along with comments from the Fed ahead of the interest rate decision.
The gold price at the time of this analysis was released was at $4,201.
- Buy if the price is at $4,206.
- Sell if the price is at $4,196.
Resistance 2: $4,213.
Resistance 1: $4,209.
Support 1: $4,202.
Support 2: $4,192.
Disclaimer: This article is analytical in nature and does not constitute a definitive reference. Please consider fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id