Chart of the day - GOLD (29.04.2021)

We have pointed to a key support for GOLD in our "Top three charts of the week" analysis yesterday. Buyers managed to defend the zone at $1,763 and launched an upward move later on. However, this move has been halted at the earlier-broken upward trendline. Gold started to pull back and price may have painted the right shoulder of a wide head and shoulders pattern. Should the ongoing correction continue, reaction of price to the neckline of the pattern at $1,763 will be key. On the other hand, should bulls manage to halt declines, GOLD may target recent local highs.

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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