{"id":42460,"date":"2025-08-12T11:35:51","date_gmt":"2025-08-12T11:35:51","guid":{"rendered":"https:\/\/quickassetsmarket.com\/index.php\/2025\/08\/12\/gld-etf-readies-for-breakout-in-event-packed-week\/"},"modified":"2025-08-12T11:35:51","modified_gmt":"2025-08-12T11:35:51","slug":"gld-etf-readies-for-breakout-in-event-packed-week","status":"publish","type":"post","link":"https:\/\/quickassetsmarket.com\/index.php\/2025\/08\/12\/gld-etf-readies-for-breakout-in-event-packed-week\/","title":{"rendered":"GLD ETF readies for breakout in event-packed week"},"content":{"rendered":"
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GLD ETF has sustained last week\u2019s gains as the market remains cautiously bullish. At the same time, gold price edged lower in early Monday session as a positive market sentiment offset Fed rate cut optimism. At the time of writing, the gold derivative was hovering slightly below the steady resistance of $313. <\/p>\n

Investors are seeking clarity on the Fed\u2019s next move from key events slated for the new week. In particular, the US CPI data, deadline of the US-China tariff truce, and talks on Russia-Ukraine ceasefire<\/a> are expected to impact the safe-haven demand and positioning of the US dollar. <\/p>\n

GLD gold ETF eyes key resistance as investors seek clarity on key fundamentals<\/h2>\n

Geopolitical tensions and concerns over the impact of Trump\u2019s aggressive tariffs have been key drivers of gold\u2019s historic rally. Notably, the bullion has had its price rise by about 27% year-to-date. Besides, it has held steady above the psychologically crucial zone of $3,000 an ounce since early April when Trump announced universal tariffs of at least 10%. The move had investors seeking security in precious metals and other safe-haven assets<\/a>.   <\/p>\n

In line with these fundamentals, investors are keen on the Russia-Ukraine ceasefire talks to be held in Alaska on Friday. However, Ukraine has vowed to reject a peace deal requiring it to give up any land to Russia. At the same time, the US-China tariff truce whose deadline is on Tuesday, 12th August may be extended for 90 days according to the US Commerce Secretary, Howard Lutnick. <\/p>\n

Optimism in the two diplomatic cases has boosted the risk sentiment while easing the demand for safe havens. While the fear & greed index has eased from last month\u2019s extreme greed of 75, it has improved from last week\u2019s greed level of 56 to 59. <\/p>\n

Even so, investors remain cautious ahead of the US CPI data slated for release on Tuesday. Economists expect the core CPI to have risen by 0.3% in July; a higher increase from the 0.2% surge in the previous month. <\/p>\n

The figures will offer cues on the Fed\u2019s move in coming months. Amid the prevailing market conditions, the central bank is striving to balance the risks of a cooling labor market and inflation that is above its 2% target. Heightened bets of a Fed rate cut as soon as September are offering support to the non-yielding gold bullion.  <\/p>\n

GLD ETF technical analysis<\/h2>\n
GLD ETF stock chart | Source: TradingView<\/figcaption><\/figure>\n

The GLD gold ETF ended last week on a high; sustaining the gains accumulated throughout the week. A look at its daily price chart shows the asset holding steady above the 25 and 50-day EMAs, signaling further gains in the ensuing sessions. <\/p>\n

At the time of writing, the ETF was trading at $313.05 with the bulls striving to break the resistance at $313.93. At an RSI of 57 and fundamentals that point to a wait-and-see mood, GLD gold ETF may continue trading within the narrow range of between $309.03 and $313.93 in the immediate term. Heightened safe-haven demand may yield a breakout to the upper resistance level of $316.18.<\/p>\n

The post GLD ETF readies for breakout in event-packed week<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

GLD ETF has sustained last week\u2019s gains as the market remains cautiously bullish. At the same time, gold price edged lower in early Monday session as a positive market sentiment offset Fed rate cut optimism. At the time of writing, the gold derivative was hovering slightly below the steady resistance of $313.  Investors are seeking <\/p>\n","protected":false},"author":1,"featured_media":42461,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":{"0":"post-42460","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-world"},"_links":{"self":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/42460","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/comments?post=42460"}],"version-history":[{"count":0,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/42460\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media\/42461"}],"wp:attachment":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media?parent=42460"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/categories?post=42460"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/tags?post=42460"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}