Gold is once again testing $2,000 per ounce area. First attempt of breaking above was made during the Asian session. Moreover, price broke above the 78.6% retracement of the latest large downward impulse. All-time highs in the $2,075 do not look so distant anymore. Drop in US yields in supporting gold price gains. Textbook range of a breakout from a triangle pattern points to an upward move towards $2,050-2,060 area. All precious metals are experiencing strong gains today.
Gold is once again testing the $2,000 area. Source: xStation5
Daily Summary: End of an Extremely Intense Week (19.06.2026)
Three markets to watch next week: EURUSD, OIL, NASDAQ (19.06.2026)
US Closed: Postponed negotiations weigh on futures
🚩 Gold loses 1.5% as Goldman Sachs cuts its 2026 bullion price target