Record Reached, Gold Immediately Takes a Breather
Gold prices (XAU/USD) fell slightly in the Asian session on Monday (December 29th) after previously reaching a record high of around $4,550 per ounce. This correction was triggered by profit-taking ahead of the year-end holidays when market liquidity was thin, coupled with the effect of a strengthening US dollar, which made gold more expensive for buyers outside the US.
Nevertheless, gold's overall trend remains strong, having risen nearly 70% so far in 2025 (its best performance since 1979). Expectations of a Fed rate cut in 2026 and geopolitical tensions helped contain the decline, while the market also monitored US data, such as jobless claims, which fell to 214,000 (from 224,000), and awaited the release of November Pending Home Sales data. (asd)
The price of gold at the time of this analysis was $4,516
- Buy if the price is at $4,519
- Sell if the price is at $4,500
Resistance 2: $4,545
Resistance 1: $4,526
Support 1: $4,488
Support 2: $4,469
Disclaimer:
This article is analytical in nature and is not a definitive reference. Please consider fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id
