XAUUSD is quickly contradicting its recent intraday loss, climbing back towards the $4,370 mark. Gold has rebounded from approximately $4,340 and is now in the vicinity of $4,366.33 in the newest chart from TradingView. In the latter part of the chart, price has been ramping higher, with a final stretch touching intraday resistance peaks around…
Analyst data from X all indicate resistance for gold above recent support. In one chart, the silver-to-gold ratio is coming to a big resistance at a major 2026 resistance level. Traders are gearing up for the Federal Reserve decision, and the gold price is coming back to a key technical area. The configurations suggest a…
Manan Trader's earlier chart had drawn downside levels towards $4,350 and $4,300, which Zaffar Khan confirmed as a successful call on PPI news. The selling pressure on gold was heavy on the day since the release of the latest PPI, with two of the X analysts pointing to the rapid sell-off in the XAU/USD cross.…
The gold and silver price analysis indicated a repricing following the stronger-than-expected US employment data. Spot gold fell 1.1% to $4,422.91 after touching $4,364.99. Silver fell, and cryptocurrencies tumbled. Employers in the U.S. created 162,000 new positions in August, well above expectations of 56,000. The unemployment rate remained at 4.1% while average hourly earnings increased…
Gold's value was at $4,455 at the end of the week, with the price dropping on Friday even after a recovery earlier in the week. Friday and the week were down for Friday on gold, falling 3.18% and approximately 3.25%, respectively. Friday’s trading range of the metal was $4,445 to $4,630. This created a big…
The market is now less appealing than it was during the breakout, as the three charts demonstrate, while the rally in gold has extended into the $4,650 range in the short-term. The common signal is bullish when the price is above the previous resistance level, the buyers react fast to a shallow price decline, and…
Friday's rally in gold price extended into the new week, with the metal continuing to test a potential resistance level. Both the $4,435 and $4,500 levels are near immediate resistance on the charts. Additionally, buyers have become more aggressive on the buy side since the metal dipped off its previous level. In the bigger picture,…
Gold is trading at a two-month high on Wednesday as July inflation beat estimates. The report was a relief to the Fed, easing concerns about raising its rate. The price of gold futures rose 0.8 percent to $4,478 an ounce, continuing its rally in a fourth session. Traders reacted to the report with silver falling…
Buyers bought off the support, but the rebound failed under the falling trend line. This leaves gold stuck between near-term demand and the broader bear structure. Gold traded in a narrow range after hitting the $4,020 level during the US session. One analyst cited resurgent geopolitical tensions with Iran for the move. A number of…
The gold price has stabilized at around $4,070 following a recent dip in value. Traders are keen to see if gold could maintain support above this level after the current consolidating formation. The charts reflect a current pause in selling after a slight slide from earlier highs, with prices remaining on support following an initial…