- Gold is falling from $4,190 to $4,130 per ounce.
- The RSI indicator stands at 82 points.
- The previous bullish impulse had a comparable 1:1 range.
- Gold is falling from $4,190 to $4,130 per ounce.
- The RSI indicator stands at 82 points.
- The previous bullish impulse had a comparable 1:1 range.
Gold has declined from around $4,190 to $4,130, while the U.S. dollar is showing slight strengthening. The RSI indicator is hovering near 82 points, still signaling an overbought market.
- Looking back at the previous bullish impulse, followed by a consolidation phase around $3,300–$3,400, we can notice similarities to the latest upward move, during which gold surged rapidly from about $3,300 to nearly $4,200.
- If a 1:1 scenario were to unfold, a deeper pullback from current levels and a potential consolidation around $3,800 per ounce could be expected. At the same time, however, the spot market remains increasingly tight, and the fundamental outlook for further price appreciation remains strong.
Source: xStation5
Daily Summary: Oil at five-month highs, indices under pressure (23.10.2026)
US Open: Further declines on Wall Street, Brent above 111 USD, AI correction continues (14.10.2026)
Chart of the Day: Is USDJPY running out of road? Inflation forces the BoJ to act, but the Fed could spoil the Yen’s rally
Macro Calendar: Preliminary PMI Readings and Earnings Ahead
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.