Gold Forex Signal 08/12: Continues To See Buyers (Chart)

2025-12-08 02:12:59

(MENAFN- Daily Forex) Potential signal:

I am a buyer right now. I have a stop loss of $4100, and a target is $4350.
Gold continues to push higher with strong dip-buying interest, holding above key support levels as momentum targets $4,400 and potentially $4,500.
Broader central-bank demand and structural uptrend dynamics keep the bias firmly to the upside.

The gold market has rallied significantly during the trading session again on Friday, as we continue to see a lot of noisy behavior. Ultimately, this is a market that I think continues to see more buy on the dip behavior in general. And the $4,200 level, I think, is an area that you have to watch very closely. With that being the case, a pullback at this point in time does offer value that I think a lot of people will be willing to take advantage of, especially as the market has been so strong and now, we've made a higher low and a higher high. We'll see whether or not we can get to the $4,400 level, but I do think that is where we are trying to get before it's all said and done.

Top Forex Brokers1 Get Started 74% of retail CFD accounts lose money Upside Targets in a Strengthening TrendEURUSD Chart by TradingView

With that being said, the market is likely to breakout given enough time, and if and when it does, I think it opens up the possibility of a move to the $4,500 level. After that, we are looking at a potential move to the $5,000 level, and I think that is a question for 2026. In the short term, I like buying those dips, and as long as we can stay above the $3,950 level, I just don't see a world in which you would be shorting this market.

The 50-day EMA is now above the $4,000 level as well, sitting at $4,044 and rising. And this is just a nice uptrend that I think over the longer term will continue to attract a lot of bids. Central banks around the world continue to accumulate gold as well. So, I think that's yet another reason to be bullish. I have no interest in shorting, at least not now, and I do think that we will eventually try to get to those all-time highs again.

Ready to trade our Gold forecast? We've shortlisted the most trusted Gold brokers in the industry for you.

MENAFN08122025000131011023ID1110453761

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.