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Gold Prices May Dip Next Week — Technical Selling Ahead
Gold could face a short-term pullback next week as Bloomberg Commodity Index (BCOM) annual rebalancing triggers mechanical selling, according to analysts.
BCOM rebalance window: Jan 9–15 — gold’s index weight is being reduced, forcing funds to sell.
Estimated selling pressure: ~2.4 million troy ounces, which could mean a ~2.5–3% downside.
Silver impact: Silver may also see near-term pressure from the same rebalancing flows.
Price Levels to Watch:
Gold (XAU/USD):
Resistance: $4,400–$4,500/oz
Support: $4,350 → $4,300/oz
Silver (XAG/USD):
Resistance: $70+/oz
Support: $65–$66/oz
This is technical, index-driven selling rather than a fundamental shift; volatility may ease once rebalancing ends.
#Gold #Silver #Commodities #BCOM #MarketUpdate $XAG $XAU
Gold could face a short-term pullback next week as Bloomberg Commodity Index (BCOM) annual rebalancing triggers mechanical selling, according to analysts.
BCOM rebalance window: Jan 9–15 — gold’s index weight is being reduced, forcing funds to sell.
Estimated selling pressure: ~2.4 million troy ounces, which could mean a ~2.5–3% downside.
Silver impact: Silver may also see near-term pressure from the same rebalancing flows.
Price Levels to Watch:
Gold (XAU/USD):
Resistance: $4,400–$4,500/oz
Support: $4,350 → $4,300/oz
Silver (XAG/USD):
Resistance: $70+/oz
Support: $65–$66/oz
This is technical, index-driven selling rather than a fundamental shift; volatility may ease once rebalancing ends.
#Gold #Silver #Commodities #BCOM #MarketUpdate $XAG $XAU
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