Chart of the day - GOLD (16.04.2021)

Gold has delivered a strong upward move yesterday and has managed to break out of a trading range. Precious metal gained over 1.5% and pushed above the upper limit of the range at $1,755, that also marks the neckline of a double bottom pattern. Gold trades at the highest level since late-February and potential target of the breakout from trading range can be found at $1,830. Note that this level is also strengthened by the 78.6% retracement of the downward move started in late-January 2021. On the other hand, if bulls fail to sustain momentum, a pullback towards the aforementioned neckline at $1,755.

Source: xStation5

17 September 2026, 4:45 PM

US Open: Nasdaq, gold and silver surge following... an interest rate hike (17.09.2026)

17 September 2026, 8:46 AM

Chart of the day 🔼 Gold rebounds 1.3% despite hawkish Fed stance (17.09.2026)

16 September 2026, 8:19 PM

📊Daily Summary - Hawkish Fed raises rates and signals more. Dollar gains while gold falls

16 September 2026, 7:59 PM

Hawkish move from the Fed! Warsh takes no prisoners in the fight against inflation. US500 at its lowest since August 3, and gold already below $4,300.

Commodities

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