FX.co ★ Zile | XAU/USD, GOLD

Weekly Sumary of XAUUSD Price Movement Gold has been climbing this week, with prices near multi-week highs and up from the start of the week. Traders remain focused on the outlook for U.S. interest rates and currency movements. Spot gold was reported around ≈ $4,286 per ounce on Friday. The broader trend this week shows gains of about ~2– Bullish Drivers Weaker U.S. Dollar and expectations of Federal Reserve rate cuts supported gold prices earlier in the week, as a softer dollar tends to lift gold. Investor positioning still reflects buying interest and safe-haven demand. Technical sentiment shows gold remaining in a bullish structure on longer timeframes. Key Levels Gold prices have been trading around $4,280–$4,300 this week, with resistance near recent highs around $4,350–$4,380 (fully tested in prior weeks). Support levels to watch are closer to $4,175–$4,227 and below that $4,146, which may come into focus if the market retraces. Pullbacks & Risks Mid-week saw modest dips as markets priced in the possibility of a “hawkish”-leaning Fed commentary (i.e., slower rate cuts), which pressured gold slightly. Mixed economic signals — like inflation and jobs data — are keeping traders cautious, which can lead to two-way price swings. Overall Bias for the Week ➡️ Bullish overall trend this week, with gold holding higher levels and closing strong. ➡️ Technical structure remains bullish, but near-term pullbacks or consolidation are possible if the U.S. dollar strengthens or if Fed guidance surprises markets. -