Today's Gold Price Movement Forecast
Gold on a fundamental level
Gold prices fell on Wednesday below $4300 per ounce on the last trading day of 2025, but remained on track for its strongest annual performance in more than four decades, and we still expect any downward correction to be considered profit-taking for all this strong rally and expect the rally to return again.
The price of the precious metal has risen 66% this year, a rally that accelerated in late April following President Donald Trump's announcement of global tariffs. This momentum has been fueled by ongoing geopolitical tensions, US interest rate cuts, aggressive buying by central banks, and rising holdings of gold-backed ETFs.
Meanwhile, the minutes of the Federal Reserve's December meeting, published on Tuesday, showed that most officials would be in favor of cutting interest rates if inflation continues to fall, although they differed on the timing and size of potential cuts.
On the geopolitical front, uncertainty surrounding the Russia-Ukraine peace deal, renewed tensions in the Middle East, and tensions between the U.S. and Venezuela are fueling demand for the safe-haven metal.
Gold on the technical side
Gold prices are trading today within an upward price channel that bounced from its lower boundary today, as gold made a low near $ 4275 per ounce before bouncing back quickly up to $ 4325.
Bouncing off a BenBar candle under the influence of a positive MACD divergence
We still expect gold to rise as long as it trades above this price channel as well as the support levels of $ 4265 to $ 4240 per ounce.
The expected targets will be the levels of 4380, 4440 and 4600 dollars per ounce.
This scenario will fail if it breaks below 4220$ levels.
