8:37 AM · 20 May 2021

Chart of the day - GOLD (20.05.2021)

Gold has been enjoying an uptrend recently. Precious metal jumped from $1,680 at the end of March to $1,890 yesterday, thanks to US dollar weakness. Taking a look at GOLD at D1 interval from a technical point of view, we can see that the price has reached a key resistance - $1,873.50 area marked with the upper limit of the Overbalance structure and previous price reactions. The Doji candlestick pattern was painted yesterday, hinting at the indecisiveness of investors. Having said that, shape of today's daily candlestick may be a hint for upcoming moves. Should we see a break above the Overbalance structure, upward move may extend towards $1,915 area. On the other hand, should bears regain control, gold may resume a downward move launched in August 2020. The nearest short-term support to watch can is marked with a local market geometry at $1,853.80.

Source: xStation5

11 November 2026, 7:24 PM

📊Daily Summary: Tech sector drives Wall Street rebound, DAX leads in Europe

11 November 2026, 9:53 AM

Chart of the day 🚩 Cocoa sell-off continues. Record ICE inventories and index rebalancing in focus (11.11.2026)

10 November 2026, 6:47 PM

Daily summary: CPI reading hits markets, hawkish Fed and Wall Street selloff

10 November 2026, 5:12 PM

Sharp retreat from gold. Higher US CPI opens the door to a 50 bps rate hike in the US

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