Gold (XAU/USD) experienced a slight pullback during the Asian session on Friday, retreating from its recent highs. After reaching the $4,285-4,286 region, the precious metal snapped a three-day winning streak, influenced by a prevailing risk-on sentiment in the markets. This decline comes amid strengthening risk appetite among investors, leading to reduced demand for safe-haven assets like gold.
Despite the recent drop, the downside for gold appears limited, suggesting that underlying support may hold firm. As traders assess the latest economic data and geopolitical developments, fluctuations in the exchange rate could determine future movements in the gold market. The interplay between the USD and other currencies, particularly the EUR, remains crucial for gold's trajectory as we head into the next trading sessions.
About FX Killer Trader Incubation Program
Want to become a professional trader? FX Killer offers a completely free professional trader training program. We provide systematic courses, practical training, and professional mentorship to help you grow from beginner to full-time trader.
👉 Join Free Training Program | Trading Psychology Assessment
Data Source: FX Killer Analysis Team Updated: 2025-12-12 04:53
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.