Gold's rising resistance needs to break through 2080

Spot gold has continued its recent volatile upward trend and is currently trading around $2,035. The tense situation in the Middle East has brought avoidance support to gold prices. However, the precious metal is more concerned about the arrival of the Federal Reserve's interest rate decision, especially the remarks of Federal Reserve Chairman Powell. In addition, today’s job openings for JOLTs in the United States in December will kick off the non-agricultural sector.
The U.S. dollar index was little changed, with benchmark U.S. Treasury yields falling to a two-week low of 4.0430%. Traders await the Federal Reserve's monetary policy decision this week for clues on when the central bank might cut interest rates.
The rising resistance of gold is around 2080. If it breaks through, it will reach 2100.

Comment:

active trade

Comment:

active trade