Gold storms the market: XAUUSD is poised for a big move after fresh US data
Gold continues to strengthen, with XAUUSD prices crossing the psychological threshold of 4,200 USD and now trading around 4,240 USD. Find more details in our analysis for 1 December 2025.
XAUUSD technical analysis
On the H4 chart, XAUUSD prices formed an Inverted Hammer reversal pattern near the lower Bollinger Band. Quotes currently continue an upward wave following this signal. Since XAUUSD remains within the ascending channel, the next upside target could be 4,300 USD.
The USD is losing ground ahead of the Federal Reserve’s interest rate decision.
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