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        Gold ready to resume ascent?

        Gold ready to resume ascent?
        1. Edge Account
        2. Market Analysis
        3. Gold ready to resume ascent?
        • XAUUSD up over 4% last week
        • Appreciated almost every month in 2025
        • US data + geopolitical risk = volatility
        • Key levels of interest - $4300, $4230 and $41130


        Gold gained over 4% last week, thanks to a weaker dollar and mounting bets on a Fed rate cut.


        Despite the choppiness on Friday due to the CME outage, prices surged past $4200 – paving the way for further upside.


        Fun fact: Gold has gained nearly every month in 2025

        A graph of a graph with numbers and letters AI-generated content may be incorrect.

         

        WHAT COULD MOVE XAUUSD THIS WEEK?


        As the final trading month of 2025 gets underway, gold is poised to be impacted by US data and geopolitical developments.


        Ongoing Ukraine peace talks

        Trump’s special envoy Steve Witkoff is set to hold talks in Moscow this week as the US continues to push for a deal to end the war in Ukraine.

        A positive outcome may lift global sentiment, denting appetite for safe-haven assets like Gold.

         A negative outcome could spark risk aversion, boosting gold prices as a result.

         

        Monday 1st December

        ·      ISM Manufacturing – (15:00 PM GMT)

        XAUUSD is forecasted to move 0.5% up or 0.6% down in a 6-hour window after the ISM Manufacturing report.

         

        Wednesday 3rd December

        • ADP Employment – (13:15 PM GMT)

        XAUUSD is forecasted to move 0.7% up or 0.4% down in a 6-hour window after the ADP Employment change.

        ·      Industrial Production – (14:15 PM GMT)

        XAUUSD is forecasted to move 0.7% up or 0.6% down in a 6-hour window after the Industrial production report.

         

        Thursday 4th December

        ·      Initial Jobless Claims – (13:30 PM GMT)

        XAUUSD is forecasted to move 0.5% up or 0.5% down in a 6-hour window after the Initial jobless claims.

         

        Friday 5th December

        ·      US PCE report – (15:00 PM GMT)

        XAUUSD is forecasted to move 0.7% up or 0.4% down in a 6-hour window after the US PCE report.

         

        Note: Traders are currently pricing in an 83% chance of a Fed cut by December

        A screen shot of a price list AI-generated content may be incorrect.

         

        POTENTIAL SCENARIOS:

        BULLISH – A decisive breakout above $4230 could spark a move toward $4300 and $4349.68 - the upper limit of Bloomberg’s FX model.

         

        BEARISH – Weakness below $4200 could see prices decline toward $4130 and $4120.33 the lower limit of Bloomberg’s FX model.

         

        A screen shot of a graph AI-generated content may be incorrect.


        XAUUSD
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        Exinity Limited, with registration number C119470 C1/GBL and registration address at 5th Floor, NEX Tower, Rue du Savoir, Cybercity, 72201 Ebene, Republic of Mauritius is regulated by the Financial Services Commission of the Republic of Mauritius with an Investment Dealer License with license number C113012295, licensed by the Financial Sector Conduct Authority (FSCA) of South Africa, with FSP No. 50320 and is a licensed Over the Counter Derivative Provider. Exinity Works (CY) Ltd, with registration number HE 351684 and registered address Agiou Athanasiou 30, Ksenos Building, Floors 2-5, Agios Athanasios, Limassol, 4102, Cyprus. Exinity Works (CY) Ltd does not engage in any regulated financial or investment activities.

        Risk Warning: Trading Leveraged Financial instruments involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. The value of shares can fall as well as rise, which could mean getting back less than you originally put in. Past performance does not guarantee future results. Before trading, take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. It is the responsibility of the client to ascertain whether they are permitted to use the services of Exinity brand based on the legal requirements in their country of residence.

        Please read our full Risk Disclosure.

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