Gold prices (XAU/USD) continued to drift lower during early Asian trading hours on Tuesday, struggling to maintain momentum below the critical level of $4,300. The decline has been attributed to profit-taking and a lack of interest from shorter-term futures traders, leading to weak long liquidation. As traders navigate the market, the exchange rate remains sensitive to external factors impacting demand for safe-haven assets.
Compounding the downward pressure on gold is growing optimism surrounding peace talks in Ukraine, which may further diminish the appeal of the precious metal as a safe-haven investment. As market participants await the release of the US Non-Farm Payrolls (NFP) data, fluctuations in the USD could significantly influence gold trading. Investor sentiment will likely hinge on upcoming economic indicators, shaping the outlook for XAU/USD in the near term.
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: 2025-12-16 04:55
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.