GOLD tries to recover after the holiday
On this trading day, gold traders 
XAUUSD will need to focus on data on initial jobless claims in the US, which could have an impact on market trends in the short term.
The seasonally adjusted number of Americans filing for unemployment benefits for the week of December 21 will be released today (Thursday) and is expected to be 224,000.
Data released last week showed initial jobless claims in the United States fell from 242,000 to 220,000 in the week ended December 14, below expectations of 230,000, showing signs that the labor market movement is still steady.
If the latest initial unemployment claims turn out to be lower than expected, this will have a positive impact on the US Dollar and a negative impact on the price of gold and major non-US currencies.
Analysis of technical prospects forXAUUSD
On the daily chart, gold has recovered from the technical level of $2,613, but the recovery is still limited by the upper edge of the price channel, along with the nearest resistance level noted at the 0.618 Fibonacci retracement point. % and EMA21.
Considering the current price position, gold still has a technical outlook of falling in price with the main trend being noticed by the price channel. On the other hand, the Relative Strength Index has not yet surpassed the 50 level, the 50 level is considered resistance/support depending on the position of the RSI and on the current daily chart it is considered a resistance.
In the short term, if gold falls below the technical level of $2,613 it will have room to fall a bit further with a target level then around $2,600 and more to the $2,592 price point of the 0.786% Fibonacci retracement. .
As long as gold does not break above the price channel, with price activity stabilizing above the EMA21, it remains biased to the downside, with notable levels listed below. Along with that, using POC Volume Profile, at 2,646USD there is also a large trading volume, this position should also be considered a technical resistance.
Support: 2,613 – 2,600 – 2,592USD
Resistance: 2,634 – 2,646USD
SELL XAUUSD PRICE 2651 - 2649⚡️
↠↠ Stoploss 2655
→Take Profit 1 2644
↨
→Take Profit 2 2639
BUY XAUUSD PRICE 2589 - 2591⚡️
↠↠ Stoploss 2585
→Take Profit 1 2596
↨
→Take Profit 2 2601
XAUUSD will need to focus on data on initial jobless claims in the US, which could have an impact on market trends in the short term.The seasonally adjusted number of Americans filing for unemployment benefits for the week of December 21 will be released today (Thursday) and is expected to be 224,000.
Data released last week showed initial jobless claims in the United States fell from 242,000 to 220,000 in the week ended December 14, below expectations of 230,000, showing signs that the labor market movement is still steady.
If the latest initial unemployment claims turn out to be lower than expected, this will have a positive impact on the US Dollar and a negative impact on the price of gold and major non-US currencies.
Analysis of technical prospects for
XAUUSD On the daily chart, gold has recovered from the technical level of $2,613, but the recovery is still limited by the upper edge of the price channel, along with the nearest resistance level noted at the 0.618 Fibonacci retracement point. % and EMA21.
Considering the current price position, gold still has a technical outlook of falling in price with the main trend being noticed by the price channel. On the other hand, the Relative Strength Index has not yet surpassed the 50 level, the 50 level is considered resistance/support depending on the position of the RSI and on the current daily chart it is considered a resistance.
In the short term, if gold falls below the technical level of $2,613 it will have room to fall a bit further with a target level then around $2,600 and more to the $2,592 price point of the 0.786% Fibonacci retracement. .
As long as gold does not break above the price channel, with price activity stabilizing above the EMA21, it remains biased to the downside, with notable levels listed below. Along with that, using POC Volume Profile, at 2,646USD there is also a large trading volume, this position should also be considered a technical resistance.
Support: 2,613 – 2,600 – 2,592USD
Resistance: 2,634 – 2,646USD
SELL XAUUSD PRICE 2651 - 2649⚡️
↠↠ Stoploss 2655
→Take Profit 1 2644
↨
→Take Profit 2 2639
BUY XAUUSD PRICE 2589 - 2591⚡️
↠↠ Stoploss 2585
→Take Profit 1 2596
↨
→Take Profit 2 2601
Nota
Spot gold briefly rose above $4 and is currently trading at $2,630.09 per ounce.Nota
🔴The amount of gold held by SPDR Gold Trust, the world's largest gold ETF, decreased by 1.15 tons compared to the previous day and the current holdings are 872.8 tons.Nota
2024 saw bullion prices increase more than 26%, marking the largest annual increase since 2010. The precious metal hit a record high of $2,790 an ounce on October 31 after a series of price increases strong.Nota
Nota
The world gold market recorded an impressive increase, with spot gold price reaching 2,658 USD/ounce (up 32.4 USD) and future gold price reaching 2,671 USD/ounce (up 29.9 USD).Nota
⚫Goldman Sachs adjusted the gold price forecast, saying that by the end of 2025 the gold price will reach 2910 USD/ounce, instead of 3000 USD as previously expected, and the target of 3000 USD was moved to mid-2026. The reason is due to the Fed's interest rate reduction policy being less aggressive than expected and demand for gold ETFs decreasing.Nota
Gold adjusted down to 2,614 USD/ozNota
▫️SPOT gold hit $2,640 an ounce or more, up 0.15% on the day.Nota
▫️Central Bank of China: China's gold reserves at the end of December were reported to be 73.29 million ounces (about 2279.58 tons), an increase of 330,000 ounces (about 10.27 tons) from a year ago there.
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🧩Forex signals have a high win rate
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