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Gold ki Nazren Upward Channel k $2,678 Resistance par Hen
Gold prices ne 4 din ka high $2,664 hit kiya, jo geopolitical tensions aur Fed rate cut ki wajah se hai. Fed ke December rate cut ke 70% probability ke sath, gold ka bullish momentum barqarar hai. Gold ka target key resistance levels $2,678.32, $2,698.38, aur $2,720.74 hai, jabke support $2,629.30 par hai.
Market Overview
Gold prices (XAU/USD) Friday ko $2,664 tak chadh gaye, jo ek 4 din ka high hai. Yeh upward momentum geopolitical uncertainty aur market turbulence ki wajah se aaya. Investors safe-haven assets, jaise gold, ki taraf shift kar rahe hain, jabke trade wars aur economic challenges ka dar barqarar hai.
Yeh rally aur ziada support hui hai Fed ke December interest rate cut ki umeed aur U.S. Treasury yields ke notable decline se.
Dollar Weakness Bolsters Gold’s Appeal
U.S. dollar 2-week low ke kareeb hover kar raha hai, jab markets ne Fed rate cut ke 70% probability ko price-in kiya hai. Is hafte ke shuru me kuch gains ke bawajood, dollar ke struggles ne gold ki appeal ko barhaya hai, kyunke weaker greenback international buyers ke liye gold ko aur attractive banata hai.
FOMC (Federal Open Market Committee) ki November meeting ke minutes ne rate cuts par internal divisions ko highlight kiya. Kuch members further easing ko support karte hain, lekin recent data, jaise U.S. Personal Consumption Expenditure (PCE) Price Index, stalling inflation ko dikhata hai, jo Fed ke aglay steps par doubts raise karta hai. Is uncertainty ne dollar ki recovery ko cap kiya hai aur indirectly gold prices ko boost kiya hai.
Inflation Data Shapes Market Sentiment
October PCE Price Index ne slowing inflation ko reveal kiya, jo speculation kar raha hai ke Fed cautious approach le sakta hai aglay rate reductions ke liye.
Agar central bank apna pace slow karta hai, to dollar stabilize ho sakta hai aur short term me gold ke momentum ko slow kar sakta hai.
Lekin filhal, metal achi tarah supported hai kyunke investors inflationary pressures aur policy uncertainties ke khilaf hedge kar rahe hain.
Gold Prices Forecast: Technical Analysis
Gold prices (XAU/USD) $2,662.82 par trade kar raha hai, jo 0.96% up hai, aur metal bullish momentum upward channel me maintain kar raha hai. Pivot point $2,650.80 ke upar hold karna buyers ke control ko dikhata hai, jahan immediate resistance $2,678.32 par hai aur aage $2,698.38 aur $2,720.74 ka target hai.
50-day EMA $2,644.55 short-term support de raha hai, jabke 200-day EMA $2,649.97 bullish trend ko reinforce kar raha hai.
Downside par, critical support $2,629.30, $2,607.51, aur $2,589.60 par hai. RSI elevated hai, jo further upside ki room dikhata hai, jab tak overbought levels reach na ho jayein.
$2,650 ke upar sustained movement resistance levels par focus rakhta hai, lekin agar yeh break hota hai, to sharp selling pressure aasakta hai.
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