Gold correction tests $4,280 support after failing at $4,700
Gold reversed from the $4,700 area and corrected to $4,280 before bouncing. A bearish trend line at $4,480 now caps the recovery attempt.
Gold Market
Tagged: technical analysis
Gold price holds near $4,400 as mixed signals keep traders cautious
Gold opens the week near $4,400, caught between rate hike fears from strong US jobs data and support from a stable dollar. Technical indicators suggest consolidation.
Gold Slides Nearly $100 After Strong US Jobs Data
Gold dropped nearly $100 on Friday after a surprise surge in US nonfarm payrolls boosted rate-hike expectations. The metal is set for a second consecutive weekly loss, and traders now look to next week's inflation data.
Gold jumps over 2% as Fed’s Waller signals support for rate pause
Gold price jumped more than 2% on Thursday after Fed Governor Christopher Waller signalled he would support keeping rates unchanged if disinflation continues. Mixed US data and a weaker dollar added to the rally.
Gold climbs above $4,370 as yen intervention talk weakens dollar
Gold rose over 1% to $4,373 on Wednesday, supported by a weaker US dollar amid speculation of Japanese yen intervention. Weak ADP jobs data and steady Treasury yields also influenced the market.
Gold slides 2.3% as US-Iran strikes lift oil and bond yields
Gold (XAU/USD) dropped more than 2.3% on Tuesday as escalating US-Iran strikes pushed oil above $90 and the 10-year Treasury yield to 4.792%, swamping mixed US data.
Gold Near Two-Week Low as Hawkish Fed and Oil Surge Bite
Gold remains close to a two-week low near $4,460 as Fed Chair Warsh’s hawkish tone and oil-fuelled inflation fears push September rate hike probability above 65%.
Gold consolidates near $4400 after Friday's 3.2% drop on Fed hawkishness
Gold is consolidating near $4400 on Monday, a day after suffering its largest single-day loss in more than two months following hawkish remarks from Fed Chair Warsh.
Gold’s August surge defies overbought fears as rally continues
Gold has rallied over 13% in August 2026, one of its best months since the gold standard ended. Despite the blistering pace, the metal remains far from overbought, with seasonal and technical factors still in play.