(MENAFN- Daily Forex) Today's Gold Analysis Overview:

• The overall of Gold Trend: Bullish
• Today's Gold Support Points: $4050 – $4010 – $3990 per ounce.
• Today's Gold Resistance Points: $4130 – $4180 – $4240 per ounce.

Today's Gold Trading Signals:

• Sell Gold from the resistance level of $4175 with a target of $4000 and a stop-loss at $4200.
• Buy Gold from the support level of $3980 with a target of $4250 and a stop-loss at $3930.

Technical Analysis of Gold Price (XAU/USD) Today:

Immediately following the official announcement of the end of the longest US government shutdown in history, it was natural for spot gold prices to face profit-taking selling at the end of last week's trading. According to gold trading company platforms, prices jumped to the $4245 per ounce resistance level, the highest in three weeks. Following this recent performance, prices headed towards the $4032 per ounce support level amidst the selling pressure before the gold price index closed the week stable around the $4082 per ounce level, awaiting any new developments gold prices rise after the US shutdown?

According to gold analysts' forecasts, despite the strong profit-taking, the gold market's path is expected to remain in positive territory and establish a new support at $4,000 per ounce. Recent trading shows that the failure of the gold index to cross $4,200 per ounce last week created some negative sentiment in the short term. Currently, there is no major agreement among gold market analysts regarding price movement in the coming days; however, many still consider price dips a tactical buying opportunity. At the same time, major market investors remain strongly optimistic about the future trajectory of gold gains.

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This cautious stance among commodity market analysts comes after gold managed to hold a key support level at $4,000 per ounce last Friday, generating strong buying momentum. Gold experts believe prices may pull back before establishing new buying bases, awaiting market and investor reactions to the release of US economic data following the end of the government shutdown and the future policy direction of the Federal Reserve.

According to some analysts, gold trading witnessed intensive selling as changing interest rate expectations led to a wider market pullback, with Bitcoin and stocks also declining. Despite the end of the 43-day US government shutdown, some economists fear that economic data collection has been severely affected. The lack of good data forces the Federal Reserve to adopt a neutral stance on monetary policy, which may keep interest rates unchanged at the bank's December 2025 meeting.

According to the CME FedWatch tool, financial markets are currently pricing in less than a 50% probability of an interest rate cut in December, compared to over a 90% probability last month.

Across trusted trading company platforms, since the end of last month, Gold/Dollar trading has seen intensive selling after its rise, in what appears to be an attempt by bears to prove their superiority over optimists. The gold market, like other risk assets, was hurt at the end of the week due to a sharp decline in the chances of a US interest rate cut by the Federal Reserve next December.

Furthermore, commodity market experts also believe the outlook for gold remains positive unless the stock market experiences significant selling pressure. The S&P 500 index faced strong selling pressure last week but managed to hold a key support level above 6600 points. Amid a potential stock market downturn, no asset, with the exception of the Japanese yen, will be immune to short-term selling pressure.

Currently, the technical indicators on the daily chart confirm the upward trend for the gold market, and a break in this trend is unlikely without a return to the support level of $3880 per ounce.

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A cautious waiting game is the best approach for trading gold in the coming days. Ultimately, Monitor market factors to determine the most suitable buy or sell positions.

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