GOLD - Retest of key support ahead of news

Dec 16, 2025

XAUUSD is falling during the Asian session, retreating from $4,350 — its highest level since late October — amid optimism over a peace agreement between Russia and Ukraine and ahead of US employment data.

Trump's statements about the approaching peace agreement are reducing demand for safe-haven assets. The probability of a Fed rate cut in January is about 77%, with two easing measures expected in 2026. Expectations of a dovish Fed chair appointment continue to put pressure on the dollar.

• Today, October NFP data will be released, which may confirm the weakening of the labor market
• On Thursday, US inflation data will be released
The current decline looks like a correction and profit-taking. The uptrend remains intact unless employment data exceeds expectations. Any further decline could be seen as a buying opportunity

Resistance levels: 4292, 4317
Support levels: 4265, 4255

If the news is positive, which will only reinforce expectations of an aggressive rate cut, gold's growth after retesting key support may continue. Otherwise, the correction may continue. However, the 4265-4255 area plays an important role and needs to be monitored.

Best regards, R. Linda!

Dec 16, 2025

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