Read more
16:44 · 8 October 2021

Gold pulls back sharply

In recent hours, we could observe increased volatility in the gold market. Immediately after the publication of the labor market data, the price of this metal rose sharply (almost $ 20 per ounce), but now the entire upward movement has been erased. Investors have a clear problem with the interpretation of today's data. On the one hand, the headline number was negatively surprising, on the other, the unemployment rate was better than expected.

Looking at the H4 interval, price failed to stay above the key resistance at $ 1766, which can be characterized as a false breakout. So it seems that the baseline scenario remains the consolidation between the resistance at $ 1766 and the support at $ 1750. Only a decisive breakout of one of these levels could lead to larger price movement.

GOLD interval H4. Source: xStation5

15 May 2026, 15:23

Bond Markets Sell Off❗️TNOTE Dips Below 1-Year Low 📉

15 May 2026, 12:27

Market Wrap: Stocks and metals dip as Trump-Xi summit fails to break Iran deadlock 📉 (15.05.2026)

15 May 2026, 07:50

Pound slumps as Burnham enters the race to be PM, as Cerebras has stunning IPO

15 May 2026, 06:55

Morning Wrap: Trump and Xi shape markets. AI drives record highs while Iran and geopolitics dampen sentiment

This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.