The overall trend for gold: Strongly bullish.
Weekly gold support points: 4260 – 4180 – 4050 dollars per ounce.
Weekly gold resistance points: 4360 – 4420 – 4480 dollars per ounce.
## Weekly gold trading recommendations:
- Sell gold from the resistance level of 4400 dollars and target 4100 dollars with a stop loss at 4460 dollars.
- Buy gold from the support level of 4180 dollars and target 4470 dollars with a stop loss at 4120 dollars.
## Weekly analysis of gold prices / US dollar XAU/USD:
Dear trader, based on recent performance and through the platforms of gold trading companies, the price of gold / US dollar XAU/USD has risen according to recent trading, continuously fluctuating at levels slightly above the 100-hour moving average line. Despite the recent limited decline, there is still room for an increase before reaching oversold levels of the Relative Strength Index (RSI). In the short term, bears will seek to start exploiting sales to take profits, thus pushing the gold index to support level 4265, then to support level 4230 dollars per ounce respectively. At the same time, bulls may look to embark on a broader upward trajectory towards resistance level 4360, then to resistance level 4400 dollars per ounce respectively.
In the long term, based on performance on the daily chart, the price of gold is moving within an upward channel. The 14-day Relative Strength Index (RSI) supports a long-term upward trend, as the price is approaching overbought territory. Therefore, bulls may push gold prices to stronger upward levels, the closest being 4475, then to resistance level 4660 dollars per ounce respectively. Conversely, during the same time period, bears may seek to exploit sell trades to take profits, thus pushing prices down to support levels of 4100 dollars, then to support level 3880 dollars per ounce respectively.
## Trading Tips:
Dear trader at TradersUp, I still advise following a strategy of buying gold from every strong price decline without risking too much and distributing the investment amount across several trades and different trading levels to avoid any market surprises that could affect the investment portfolio.
## Why did gold prices rise and will they continue to rise?
According to gold analysts' forecasts, the gold index trend is upward and may remain so for a while. According to the platforms of gold trading companies, the price increase percentage since the beginning of the year has reached 1670.90 dollars per ounce, equivalent to 63.55%. The percentage increase since the beginning of December was 1.94%. Gold gains increased after the Federal Reserve cut the US interest rate by a quarter percentage point last week, in a long-awaited move, amid investors' hopes for further monetary easing in the new year 2026.
Last week, the Federal Reserve cut US interest rates by an additional 25 basis points to 3.75%, in line with strong market expectations. In the same event, three members opposed the decision, with Miran calling for a larger cut of 50 basis points, while Schmidt and Julesby voted to keep interest rates at 4.0%. For his part, the Governor of the US central bank, Jerome Powell, indicated the differing pressures on the central bank, as inflation is trending upwards while the labor market is witnessing a decline. Powell drew attention to the significant difficulties in determining interest rates under these circumstances.
Powell also indicated that the bank will rely heavily on incoming economic data.
Overall, looking at the US interest rate forecasts from committee members, the average expectation indicated one rate cut in 2026. However, a noticeable divergence appeared again, as seven members expected no cuts in interest rates in 2026.
According to commodity market experts' forecasts, gold index movements remain closely tied to expectations of general policies and real yields. Therefore, they expect gold trading to continue serving as a more realistic gauge of macroeconomic sentiment, with limited upward potential in the short term unless the US dollar weakens further.
## Conclusion:
Dear reader, keep in mind that while gold trading is experiencing renewed momentum, analysts warn that the start of the holiday season may increase volatility. A decrease in trading volumes during the last week of 2025 could distort technical signals, potentially leading to sharp price fluctuations, so be cautious.