10:04 AM · 10 March 2022

Chart of the day - GOLD (10.03.2022)

A massive risk-on reversal that occured yesterday pushed gold price back below $2,000 per ounce. News reports saying that Ukraine is willing to compromise if Russia compromises as well boosted risk sentiment and triggered outflows from safe haven markets. Whether those reports translate into anything of matter may be known today as Foreign Ministers of Ukraine and Russia meet in Turkey. This is the first such high-level meeting since the beginning of the invasion and it has already begun. Apart from that, gold may also experience elevated volatility at 1:30 pm GMT as US CPI report for February will be released and another acceleration is expected.

Taking a look at GOLD chart at D1 interval, we can see that advance was halted after test of the 161.8% exterior retracement of June-August 2021 correction in the $2,060, that also more or less coincides with highs from 2020. Precious metal pulled back below $2,000 and if today's Ukraine-Russia meeting produces an optimistic outcome, further drop cannot be ruled out. The lower limit of the Overbalance structure at $1,932 per ounce is the first near-term support to watch in such scenario. 

Source: xStation5

2 October 2026, 3:26 PM

Oil down nearly 5% following the announcement that European diesel reserves will be released💡

2 October 2026, 12:35 PM

🟡Gold takes a breath, because of oil, not NFP

1 October 2026, 6:47 PM

Daily Summary: Wall Street Recovers as Micron Shines and Oil Prices Rise Again

1 October 2026, 4:19 PM

The US has a Diesel problem. Now Europe is being asked to open its reserves

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits