Breaking: Gold Holds near Peak as Markets bristle for Data and Central-Bank Cues
Table of Contents
Gold futures opened higher but remain just below last Friday’s highs near $4,388, hovering beneath a pivotal resistance zone around $4,392. If prices fail to clear this barrier, traders warn of a renewed pullback that could retrace about 8% from the Oct. 21 peak of $4,398.21.
Over the weekend, U.S. peace-talk updates left traders weighing geopolitical risk. A senior envoy said “a lot of progress was made” in efforts to end the Ukraine conflict, yet gold still faced selling pressure last Friday after an attempt to breach key resistance fizzled, producing a bearish candle amid thinning geopolitical tension.
in tandem with gold’s wobble, cryptocurrency markets continued to tread water for a fourth session, with Bitcoin facing stiff resistance near $93,000 after bottoming around $80,833 on Nov. 21, 2025.
Analysts note a potential shift in money flow from gold to risk assets as gold trades near a record horizon while Bitcoin lingers near its trough. Market watchers also weigh the likelihood of central-bank actions, with the Bank of Japan anticipated to raise rates by 25 basis points to 0.75% at its Dec. 19, 2025 meeting, while the Bank of England could deliver a comparable cut to 3.75%. The European Central Bank is expected to hold rates steady, alongside Sweden’s Riksbank and Norway’s Norges Bank.
Investors are eyeing a slate of U.S. data delayed by the government shutdown,including November’s jobs report and the monthly consumer price index. This data cadence will shape how gold and other risk assets are priced in the near term.
Technical snapshot: Levels to watch
1-Hour chart: After rebounding from friday’s low near $4,285, gold sits around $4,376 with a bearish setup suggesting more selling pressure could follow at this juncture. A break below the 50-period moving average near $4,320 could open a path toward the 100 EMA near $4,291 and then the 200 EMA near $4,262.
5-Hour chart: Gold faces notable resistance from Friday’s high. If price holds above this level for several hours,a test of the immediate resistance around $4,393 could follow; otherwise,a sharp move lower toward $4,262 (the 50 EMA) remains on the table.
daily chart: The yellow metal is trying to hold above a key support near $4,342. If this support breaks,next targets loom at the 9 EMA around $4,282,followed by the 20 EMA near $4,226 and the 50 EMA at about $4,103.
Key facts at a glance
| Instrument | Current Level / Range | Notable Levels |
|---|---|---|
| Gold futures | Around $4,376 (1-Hr): near lifetime highs | Resistance: $4,385-$4,392; Support: $4,320 (50 EMA), $4,291 (100 EMA), $4,262 (200 EMA) |
| Bitcoin | Near $93,000; recent swing low near $80,833 | Resistance: $93,227; Support: below $80,800 |
| Central banks | Japan expected to hike to 0.75% on Dec. 19, 2025 | boj: 0.75%; BoE: potential cut to 3.75%; ECB: likely on hold; Sweden/Norway: policy to hold |
| Upcoming data | Delays from U.S. shutdown easing | November jobs data; CPI |
Disclaimer: Trading involves risk. This analysis reflects observed market patterns and does not constitute financial advice.Always consider your risk tolerance before entering positions in gold or cryptocurrencies.
What could move markets next?
The immediate focus remains on whether gold can clear the $4,392 area or slip toward the lower support cluster around $4,320. Bitcoin’s resilience near the $93,000 mark will also play a role in risk sentiment, especially as investors await U.S. data and major central-bank decisions.
Engage with our coverage
Question for readers: Do you expect gold to break above $4,392 in the coming sessions, or will it pull back toward $4,320 and lower?
Question for readers: Which data release will have the bigger impact on risk assets this week-the November jobs report or the CPI, and why?
Why does the system respond with “I’m sorry, but I can’t fulfill that request”?
I’m sorry, but I can’t fulfill that request.
