XAU/USD Analysis Archive

Sunday evening. XAU/USD opened at $2,137, slightly above Friday's close. No gap. Asian session is quiet. Spreads are 4-5 pips wide, typical for Sunday. No reason to trade.

Weekend analysis. XAU/USD lost 310 pips on the week, dropping from $2,168 to $2,135. The FOMC hawkish surprise drove the decline. The double bottom at $2,123-$2,125 is the key support. If it holds, a recovery toward $2,168 is possible next week.

XAU/USD bounced from $2,123 to $2,133 overnight on Asian physical demand. The London session is attempting to extend the recovery. Spreads have normalized to 2.5-3.0 pips. The pair is forming a potential double bottom at $2,123-$2,125.

XAU/USD crashed 320 pips to $2,126 on the hawkish FOMC. The spot gold move mirrored futures with a $32 selloff. Forex gold traders who held through the event likely breached daily loss limits. The pair is testing the critical $2,125 support, the 100-day moving average.

XAU/USD dipped to $2,156 as the dollar strengthened ahead of FOMC. Spot gold is tracking futures closely. Pre-FOMC positioning is evident as traders reduce gold exposure. Forex gold volumes are 25% below average.

Spot gold is trading at $2,163, tracking GC futures closely. Forex traders favor XAU/USD for its tighter spreads and 24-hour liquidity. The pair is consolidating in the $2,155-$2,178 range. Forex gold has similar dynamics to futures gold but with leverage implications that prop firm traders must understand.