S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico MarketGold has confirmed a bullish breakout above its multi-week consolidation, signalling a renewed uptrend. Prices may grind higher toward the October high near $4380 and potentially the $4540 projection, while the $4170–$4150 area is now critical support for maintaining upside momentum, Société Générale’s FX analysts note.
Bullish trend reasserts itself
“Gold has broken above the upper boundary of its multi-week consolidation, highlighting a resumption of the uptrend. It may inch higher towards the October peak near $4380 and potentially towards the next projection at $4540.”
“In the event of a short-term pullback, the recent pivot low around $4170/$4150 should act as key support. Defence of this zone is crucial for continuation in up move.”
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