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1. Swiss Franc as a Safe Haven Both gold and the Swiss franc are considered safe-haven assets. In times of global economic uncertainty, demand for both can rise, potentially leading to limited movement in XAU/CHF. Pay attention to global risk sentiment and how it affects these assets. 2. Swiss...

1. Bank of Japan (BoJ) Policy Monitor the BoJ’s monetary policy, particularly its stance on interest rates and bond-buying programs. An ultra-loose monetary policy from the BoJ usually weakens the yen, potentially pushing XAU/JPY higher as gold strengthens. 2. Yen as a Safe-Haven Currency...

1. Bank of England (BoE) Policy Keep an eye on BoE interest rate decisions and monetary policy. A dovish stance or lower interest rates can weaken GBP, making gold more attractive, thus pushing XAU/GBP higher. 2. Brexit and Political Events Political instability, including ongoing...

1. Eurozone Economic Data Keep track of Eurozone economic indicators such as GDP growth, inflation rates, and unemployment figures. Weak data may push investors toward gold as a safe-haven asset, driving XAU/EUR higher. 2. ECB Monetary Policy The European Central Bank’s (ECB) interest rate...

1. Fundamental Analysis Focus on macroeconomic factors like interest rates, inflation, and global economic conditions. Gold's value is highly influenced by monetary policies and market sentiment towards economic stability. 2. Risk-Off Sentiment Gold is a safe-haven asset, so it often gains...

1. Technical Analysis Use tools like moving averages (MA), relative strength index (RSI), and Fibonacci retracements to identify trends, price levels, and potential reversal points in the XAU/USD pair. 2. Trend Following Follow the long-term trend by identifying upward or downward momentum...