|

XAU/USD price outlook: Gold spot / U.S. Dollar navigating between arc levels | Potential continuation toward 0.618 arc

Gold Spot / U.S. Dollar (XAUUSD): Arc cycle analysis™

Overview: Based on Arc Cycle Analysis applied to the 1h chart, Gold Spot / U.S. Dollar has broken above the 0.5 Resistance Arc and is now trading between the 0.5 Arc and the 0.618 Arc within the current Arc Cycle. Price is progressing toward the 0.618 Arc near 4,082, while the second chart shows a false breakout at the 1 (100%) Arc, which supports the potential move higher.

Metric

Reading

 Market Bias

Neutral-Bullish

 Preferred Scenario

Two-Way Navigation Within the Current Arc Range

 Target Arc

0.618 Arc (near 4,082)

 Potential Interim Move

A pullback toward the broken 0.5 Arc may occur before bullish continuation.

 Current Arc Level

In Transit Between Arcs (0.5 Arc to 0.618 Arc)

 Cycle Status

Mid-Cycle Migration Phase

Market outlook

Price has broken above the 0.5 Resistance Arc and is trading between the 0.5 Arc and the 0.618 Arc, indicating that the market is progressing through the current Arc Cycle toward the next Arc boundary. If momentum continues, price may extend toward the 0.618 Arc near 4,082, and the false breakout at the 1 (100%) Arc on the second chart supports this upside view. However, no signal has been confirmed yet, and the preferred approach is to await a clear reaction at the Arc levels before anticipating the next move.

Author

Mohamad Gharib

Mohamad Gharib

Independent Analyst

Mohamad Gharib is a Financial Markets Analyst and Quantitative Researcher with more than 18 years of experience in financial markets, including 15 years as an FX Quant Trader.

More from Mohamad Gharib
Share:

Editor's Picks

AUD/USD consolidates gains above 0.700; focus on CPI data

AUD/USD has regained composure on Tuesday, reversing the previous day’s pullback and further extending its move past the key 0.7000 yardstick. The pair’s recovery has come despite another solid day for the Greenback ahead of the FOMC gathering. Moving forward, the release of inflation figures will be the main focus in Oz on Wednesday.

USD/JPY sticks to modest gains above 157.50 as traders await Fed, BoJ meetings

USD/JPY attracts buyers for the third straight day, recovering further from a one-month low ahead of Wednesday’s FOMC decision and the BoJ policy update on Friday. Meanwhile, expectations that the BoJ may hold off on aggressive rate hikes weigh on the Japanese Yen, and the US Dollar advances to a nearly two-week high, supporting the currency pair.

Gold holds above $4,000 as traders brace for Fed interest rate decision

Gold edges higher during American trading hours on Tuesday after trading in negative territory earlier in the day. A slight decline in Oil prices offers some relief, although a firmer USD limits the upside as traders await the Fed’s monetary policy announcement on Wednesday.

Dogecoin Price Forecast: DOGE bulls eye potential bottom amid steady retail interest
Dogecoin (DOGE) trades sideways on Tuesday between the $0.0750 support and $0.0800 supply. The meme coin outlook aligns with persistent neutral-to-bearish sentiment, accentuated by macro concerns ahead of Wednesday's Federal Reserve (Fed) interest rate decision.
Experts agree: Fed policy outlook and geopolitical tensions keep US Dollar bid

The US Dollar Index rallies 0.6% in three days and hits fresh two-week highs above 102.00. Investors return to the US Dollar as markets brace for a hawkish hold by the Fed on Wednesday. Waning hopes of any immediate US-Iran peace deal have provided additional support to the safe-haven USD.

Anthropic pledged $270 billion to Amazon, Google, and Microsoft. Here's who actually gets paid
Anthropic owes Amazon, Google, and Microsoft at least $269.4 billion for computing power, even if it uses less. All three sell its models and handle its billing, and Amazon and Google own stakes and lend it money, so they get paid regardless of how the IPO goes. The Dario Amodei-led Anthropic filed its initial public offering (IPO) on Monday, seeking a listing on the Nasdaq under the ticker ANT.