Gold prices (XAU/USD) edged up 0.4% to approach $4,230 during Friday's European trading session. The yellow metal has displayed resilience, maintaining its position within a narrow trading range of $4,164 to $4,265 over the past four days. This stability indicates a cautious market sentiment as investors closely monitor technical indicators, particularly the 20-day Exponential Moving Average.
The recent fluctuations in gold prices reflect broader dynamics in the forex market, influenced by changes in the USD exchange rate and geopolitical factors. As traders weigh potential monetary policy shifts and economic data releases, gold remains an attractive asset for hedging against inflation and currency volatility. The current price action suggests that while bullish momentum is present, the metal is yet to break out of its defined range, leaving market participants vigilant for potential opportunities.
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Data Source: FX Killer Analysis Team Updated: 2025-12-05 11:39
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.