{"id":27634,"date":"2025-05-26T09:49:24","date_gmt":"2025-05-26T09:49:24","guid":{"rendered":"https:\/\/xlence-com.wp-dev.int.theitops.net\/en\/?post_type=news_analysis&p=27634"},"modified":"2026-01-20T14:57:15","modified_gmt":"2026-01-20T14:57:15","slug":"golds-weekly-update-gold-bulls-take-a-breather-2","status":"publish","type":"news_analysis","link":"https:\/\/www.xlence.com\/fr\/news-analysis\/golds-weekly-update-gold-bulls-take-a-breather-2\/","title":{"rendered":"Gold\u2019s Weekly Update: Gold bulls take a breather"},"content":{"rendered":"\n
In today\u2019s report, we are to discuss the main fundamental issues surrounding gold\u2019s price as well as any financial releases that could affect its direction and conclude the report with gold\u2019s daily chart. <\/p>\n\n\n\n
Revival of USD\u2019s and gold\u2019s negative correlation?<\/strong><\/h2>\n\n\n\n
The fact that gold\u2019s price corrected lower on Friday, while the USD edged higher tended to imply that the negative correlation of the two trading instruments may have been in play. Without rejecting the idea about Friday we have to note that it does not apply for the rest of the days of the past week. Hence we do not see in the current stage that negative correlation leading the price of gold. <\/p>\n\n\n\n
On the flip side, US bond yields were allowed to descend lower since our last report and rise again, which may have faded gold\u2019s shine, given the antagonistic relationships of gold with US Bonds in the international markets. So, should we see US yields continuing to rise over the coming week, possibly in a steeper fashion than what the market may be anticipating, we may see them weighing on gold\u2019s price. \u00a0<\/p>\n\n\n\n
The release of the PCE rates and Fed\u2019s stance could affect gold\u2019s price<\/strong><\/h2>\n\n\n\n
Since our last report we note the release of the Fed\u2019s interest rate decision. The bank as was widely expected kept rates unchanged and seems to accept that more rate cuts will be necessary until the end of the year, as per the new dot plot. Yet on the other hand, the bank seems in no hurry to cut rates which highlights its doubts about extensive easing of its monetary policy. It also cut its growth forecast for the US economy while at the same time enhanced its inflation expectations allowing for stagflation concerns to emerge. <\/p>\n\n\n\n
Should we see the market\u2019s dovish expectations for the Fed intensifying in the coming week we may see them supporting gold\u2019s price while a possible easing of the markets\u2019 dovish expectations could weigh on gold. Hence we highlight the release of March\u2019s PCE rates on Friday, which is the Fed\u2019s favorite inflation metric at a core level. A possible acceleration of the rates could imply a persistence of inflationary pressures and thus ease market worries for the Fed to ease its monetary policy, weighing possibly on gold\u2019s price.<\/p>\n\n\n\n
\u00a0Trump\u2019s tariffs plans, to become flexible?<\/strong><\/h2>\n\n\n\n
Media highlighted yesterday that US President Trump may be prepared to show some flexibility on the tariffs that he plans to apply of goods entering the US. The US President had signaled April 2nd<\/sup> as a date where most if not all of his planned tariffs are to come into effect. US Government officials seem to show some hesitation as to whether the planned tariffs are to be applied as initially planned at that date, a scenario that tends to ease market worries somewhat, thus taking safe haven flows away from the precious metal. <\/p>\n\n\n\n
Technical analysis<\/strong><\/h2>\n\n\n\n
On a technical level, we note since our last report we recalibrated gold\u2019s daily chart. We note that gold\u2019s price corrected lower yesterday, after hitting a ceiling at the 3050 (R1) resistance line. Despite the correction lower, we maintain our bullish outlook for the precious metal and we intend to maintain it as long as the upward trendline incepted since the 30th<\/sup> of December remains intact. We note that the RSI indicator despite correcting lower remains just below the reading of 70, implying that the bullish sentiment among market participants for the shiny metal is still present.\u00a0 <\/p>\n\n\n\n
Furthermore, we also note that the price of gold corrected lower after a continuous flirting with the upper Bollinger band and the fact that the price action in its correction lower has created some distance from the upper Bollinger band tends to imply that the bulls have room to play, should they wish so. Should the bulls maintain control over gold\u2019s price as expected we expect it to break the 3050 (R1) resistance line that also marks a record high level for the precious metal\u2019s price and set as the next possible target for gold bulls the 3150 (R2) resistance level. <\/p>\n\n\n\n
In the opposite direction a bearish outlook currently seems remote for the time being and for its adoption we would require gold\u2019s price action to break the 2955 (S1) support line, continue to break the upward trendline incepted since the 31st<\/sup> of December, in a first clear signal that the upward motion has been interrupted and continue even lower to aim if not breach also the 2832 (S2) support level.<\/p>\n\n\n\n<\/figure>\n\n\n\n
In today\u2019s report, we are to discuss the main fundamental issues surrounding gold\u2019s price as well as any financial releases that could affect its direction and conclude the report with gold\u2019s daily chart. Revival of USD\u2019s and gold\u2019s negative correlation? The fact that gold\u2019s price corrected lower on Friday, while the USD edged higher tended […]<\/p>\n","protected":false},"author":2,"featured_media":28170,"template":"","news_category":[109],"class_list":["post-27634","news_analysis","type-news_analysis","status-publish","has-post-thumbnail","hentry","news_category-weekly-insights-gold"],"acf":[],"yoast_head":"\n
Gold Weekly Update: Bulls Take a Breather Amid Key Risks<\/title>\n<meta name=\"description\" content=\"Gold targets 3050 resistance as traders await PCE data and Fed signals, with USD strength and bond yields remaining key drivers.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.xlence.com\/en\/news-analysis\/golds-weekly-update-gold-bulls-take-a-breather-2\/\" \/>\n<meta property=\"og:locale\" content=\"fr_FR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gold\u2019s Weekly Update: Gold bulls take a breather\" \/>\n<meta property=\"og:description\" content=\"Gold targets 3050 resistance as traders await PCE data and Fed signals, with USD strength and bond yields remaining key drivers.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.xlence.com\/fr\/news-analysis\/golds-weekly-update-gold-bulls-take-a-breather-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Xlence\" \/>\n<meta property=\"article:modified_time\" content=\"2026-01-20T14:57:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.xlence.com\/wp-content\/uploads\/2025\/06\/gold-thumbnail.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"740\" \/>\n\t<meta property=\"og:image:height\" content=\"300\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Dur\u00e9e de lecture estim\u00e9e\" \/>\n\t<meta name=\"twitter:data1\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.xlence.com\/fr\/news-analysis\/golds-weekly-update-gold-bulls-take-a-breather-2\/\",\"url\":\"https:\/\/www.xlence.com\/fr\/news-analysis\/golds-weekly-update-gold-bulls-take-a-breather-2\/\",\"name\":\"Gold Weekly Update: Bulls Take a Breather Amid Key Risks\",\"isPartOf\":{\"@id\":\"https:\/\/www.xlence.com\/fr\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.xlence.com\/fr\/news-analysis\/golds-weekly-update-gold-bulls-take-a-breather-2\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.xlence.com\/fr\/news-analysis\/golds-weekly-update-gold-bulls-take-a-breather-2\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.xlence.com\/wp-content\/uploads\/2025\/06\/gold-thumbnail.jpg\",\"datePublished\":\"2025-05-26T09:49:24+00:00\",\"dateModified\":\"2026-01-20T14:57:15+00:00\",\"description\":\"Gold targets 3050 resistance as traders await PCE data and Fed signals, with USD strength and bond yields remaining key drivers.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.xlence.com\/fr\/news-analysis\/golds-weekly-update-gold-bulls-take-a-breather-2\/#breadcrumb\"},\"inLanguage\":\"fr-FR\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.xlence.com\/fr\/news-analysis\/golds-weekly-update-gold-bulls-take-a-breather-2\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"fr-FR\",\"@id\":\"https:\/\/www.xlence.com\/fr\/news-analysis\/golds-weekly-update-gold-bulls-take-a-breather-2\/#primaryimage\",\"url\":\"https:\/\/www.xlence.com\/wp-content\/uploads\/2025\/06\/gold-thumbnail.jpg\",\"contentUrl\":\"https:\/\/www.xlence.com\/wp-content\/uploads\/2025\/06\/gold-thumbnail.jpg\",\"width\":740,\"height\":300},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.xlence.com\/fr\/news-analysis\/golds-weekly-update-gold-bulls-take-a-breather-2\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.xlence.com\/fr\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Gold\u2019s Weekly Update: Gold bulls take a breather\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.xlence.com\/fr\/#website\",\"url\":\"https:\/\/www.xlence.com\/fr\/\",\"name\":\"Xlence\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.xlence.com\/fr\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"fr-FR\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Gold Weekly Update: Bulls Take a Breather Amid Key Risks","description":"Gold targets 3050 resistance as traders await PCE data and Fed signals, with USD strength and bond yields remaining key drivers.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.xlence.com\/en\/news-analysis\/golds-weekly-update-gold-bulls-take-a-breather-2\/","og_locale":"fr_FR","og_type":"article","og_title":"Gold\u2019s Weekly Update: Gold bulls take a breather","og_description":"Gold targets 3050 resistance as traders await PCE data and Fed signals, with USD strength and bond yields remaining key drivers.","og_url":"https:\/\/www.xlence.com\/fr\/news-analysis\/golds-weekly-update-gold-bulls-take-a-breather-2\/","og_site_name":"Xlence","article_modified_time":"2026-01-20T14:57:15+00:00","og_image":[{"width":740,"height":300,"url":"https:\/\/www.xlence.com\/wp-content\/uploads\/2025\/06\/gold-thumbnail.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Dur\u00e9e de lecture estim\u00e9e":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.xlence.com\/fr\/news-analysis\/golds-weekly-update-gold-bulls-take-a-breather-2\/","url":"https:\/\/www.xlence.com\/fr\/news-analysis\/golds-weekly-update-gold-bulls-take-a-breather-2\/","name":"Gold Weekly Update: Bulls Take a Breather Amid Key Risks","isPartOf":{"@id":"https:\/\/www.xlence.com\/fr\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.xlence.com\/fr\/news-analysis\/golds-weekly-update-gold-bulls-take-a-breather-2\/#primaryimage"},"image":{"@id":"https:\/\/www.xlence.com\/fr\/news-analysis\/golds-weekly-update-gold-bulls-take-a-breather-2\/#primaryimage"},"thumbnailUrl":"https:\/\/www.xlence.com\/wp-content\/uploads\/2025\/06\/gold-thumbnail.jpg","datePublished":"2025-05-26T09:49:24+00:00","dateModified":"2026-01-20T14:57:15+00:00","description":"Gold targets 3050 resistance as traders await PCE data and Fed signals, with USD strength and bond yields remaining key drivers.","breadcrumb":{"@id":"https:\/\/www.xlence.com\/fr\/news-analysis\/golds-weekly-update-gold-bulls-take-a-breather-2\/#breadcrumb"},"inLanguage":"fr-FR","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.xlence.com\/fr\/news-analysis\/golds-weekly-update-gold-bulls-take-a-breather-2\/"]}]},{"@type":"ImageObject","inLanguage":"fr-FR","@id":"https:\/\/www.xlence.com\/fr\/news-analysis\/golds-weekly-update-gold-bulls-take-a-breather-2\/#primaryimage","url":"https:\/\/www.xlence.com\/wp-content\/uploads\/2025\/06\/gold-thumbnail.jpg","contentUrl":"https:\/\/www.xlence.com\/wp-content\/uploads\/2025\/06\/gold-thumbnail.jpg","width":740,"height":300},{"@type":"BreadcrumbList","@id":"https:\/\/www.xlence.com\/fr\/news-analysis\/golds-weekly-update-gold-bulls-take-a-breather-2\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.xlence.com\/fr\/"},{"@type":"ListItem","position":2,"name":"Gold\u2019s Weekly Update: Gold bulls take a breather"}]},{"@type":"WebSite","@id":"https:\/\/www.xlence.com\/fr\/#website","url":"https:\/\/www.xlence.com\/fr\/","name":"Xlence","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.xlence.com\/fr\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"fr-FR"}]}},"_links":{"self":[{"href":"https:\/\/www.xlence.com\/fr\/wp-json\/wp\/v2\/news_analysis\/27634","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.xlence.com\/fr\/wp-json\/wp\/v2\/news_analysis"}],"about":[{"href":"https:\/\/www.xlence.com\/fr\/wp-json\/wp\/v2\/types\/news_analysis"}],"author":[{"embeddable":true,"href":"https:\/\/www.xlence.com\/fr\/wp-json\/wp\/v2\/users\/2"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.xlence.com\/fr\/wp-json\/wp\/v2\/media\/28170"}],"wp:attachment":[{"href":"https:\/\/www.xlence.com\/fr\/wp-json\/wp\/v2\/media?parent=27634"}],"wp:term":[{"taxonomy":"news_category","embeddable":true,"href":"https:\/\/www.xlence.com\/fr\/wp-json\/wp\/v2\/news_category?post=27634"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![\"EUR\/USD](\"https:\/\/www.xlence.com\/wp-content\/uploads\/2025\/06\/gold-report.png\")
<\/figure>\n\n\n\n