Gold slides to $4,110 support as resistance caps recovery attempts
Gold dropped to $4,110 after failing to stay above $4,250. A bearish trend line and moving averages cap recovery. Key resistance at $4,260; support at $4,080.
Gold Market
Tagged: technical analysis
Gold bounces from two-month low but upside looks limited
Gold rose above $4,150 in European trade on Tuesday, bouncing from a two-month low near $4,100. A pause in the dollar’s rally and receding Fed rate-hike bets offered support, but headwinds persist.
Gold bears remain in control as trendline caps recovery attempts
Gold ticked higher on Monday but remains in a bearish configuration. A trendline at $4211 caps upside and the larger downtrend stays intact.
Gold trades near $4,150 as US dollar hits new 2025 high
Gold is trading just below $4,150, little changed on Monday, as the US dollar rallies to its strongest level since April 2025. Disappointing US jobs data and geopolitical tensions are pulling the metal in opposite directions.
Gold Holds Gains above $4,150 After Weak US Jobs Data
Gold price gained momentum to near $4,160 in early Asian trade on Monday after US Nonfarm Payrolls missed expectations, reducing the likelihood of a Fed rate hike this month. Rising US-Iran tensions also provided support.
Gold's Short-Term Trend Turns Bearish but $4,000 Holds as Support
Gold's weekly trend flipped short after a sharp fall, but $4,000 support remains. Analysis of the outlook and key economic data.
Gold steadies below $4,200 as traders await US jobs data
Gold trades in a narrow range below $4,200 during the European session on Friday as traders await the US Nonfarm Payrolls report for fresh directional cues.
Gold stuck below $4,200 as traders turn focus to US jobs report
Gold has returned to the red zone in Asia after failing to reclaim $4,200, trading near $4,172 as markets await US jobs data that could determine the next directional move.
Gold rebounds above $4,150 as US yields retreat from multi-decade highs
Gold rose to near $4,180 in early Asian trading on Friday as US Treasury yields eased from multi-decade highs. Focus now turns to the US September nonfarm payrolls report, which could influence the Fed's rate path.