Read more
8:31 AM · 14 September 2021

Chart of the day - GOLD (14.09.2021)

Gold took a hit last week and pulled back from the area marked with 38.2% retracement ($1,825 area) to 50% retracement of the upward move launched in March 2021 ($1,795 area). While declines were halted slightly below the aforementioned 50% retracement, bulls struggled to launch a recovery move and the precious metal traded sideways. Attempts to return back above the $1,800 mark were halted by the 50-session moving average (green line). In case we see a pullback from here, the next support to watch can be found at 61.8% retracement ($1,768). GOLD may become more active this afternoon near 1:30 pm BST as US CPI inflation reading for August will be released.

While the market expects a slight deceleration in headline and core gauge, it should be noted that previous 5 releases showed faster price growth than expected. Having said that, one cannot rule out that we will see a beat today as well. Another acceleration in price growth could be negative for gold price as it would put more pressure on the Fed to begin tightening its policy. 

Source: xStation5

30 April 2026, 6:55 AM

Morning Wrap: Record-breaking Big Tech results driven by AI, Fed delivers no surprises

29 April 2026, 8:22 PM

Daily summary: Powell remains in Fed 🏦 Oil skyrockets 🛢️ 🚀

29 April 2026, 6:34 PM

Dollar rallies on oil trade 📈 Alarming gains in USDJPY❗️

29 April 2026, 6:01 PM

🔥US Prepares Strike on Iran? Trump Rejects Compromise. Brent Crude Surges Past $110!

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