Gold Rises Again! But There's a "Trap"
Gold (XAU/USD) rose to around $4,345 during the Asian session on January 2, approaching $4,350, supported by expectations of a Fed rate cut and safe-haven flows. Throughout 2025, gold has surged around 65%, its strongest since 1979, while the FOMC minutes signaled that most officials still leave open the possibility of further rate cuts if inflation continues to decline.
Meanwhile, the Israel-Iran conflict and US-Venezuela tensions are maintaining gold demand, but gains could be restrained by profit-taking and the CME's policy of increasing margins on gold/silver contracts, forcing traders to increase funds, leading some to reduce positions. (asd)
The price of gold at the time of this analysis was $4,347
- Buy if the price is at $4,359
- Sell if the price is at $4,344
Resistance 2: $4,380
Resistance 1: $4,369
Support 1: $4,335
Support 2: $4,320
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