FX.co ★ Quee | XAU/USD, GOLD

ANALYSIS OF GOLD PAIR. Gold prices kept going up, staying high because investors think the Federal Reserve will make things easier with money as the US economy shows signs of slowing down. People in the market now really believe the Fed will lower interest rates by at least a little bit, and some think they might do even more if inflation keeps getting lower. The gold looks good now because the job market isn't doing as well, with fewer new jobs and a bit more unemployment. This also hurts the US dollar. At the same time, US Treasury yields went down a little, making the dollar less attractive and increasing the desire for things like gold that don't pay interest. Traders are watching the upcoming US inflation numbers closely, because these reports could show what will happen with money policy soon. If inflation drops more, people might be even more sure that money will get easier. But if inflation unexpectedly rises, the US dollar could become popular again, and gold prices might drop for a bit.

The future looks good for gold. A shaky US economy, lower interest rates, and strong worldwide demand are making investors believe gold prices will likely keep going up in the near future.Gold prices are still rising, with buyers keeping prices above $3,600. The next big challenge for prices is $3,650. If they can break through this, prices might go to $3,700, and possibly even $3,750 and $3,800 if buyers become more aggressive. If prices fall, there's support around $3,580, and then a stronger support level at $3,550. The $3,500 mark is an even stronger support level where buyers might step in again. Even though gold prices are high, indicators suggest they could still rise further before they get too high and need to fall back a bit. Traders are paying close attention to how gold prices behave around these levels. If prices stay above $3,600, buyers might try to push them even higher. However, if prices drop below $3,550, some people might sell to take profits, but most still think the price will keep going up overall.