During today's session gold price bounced off recent lows above the $1,800 an ounce mark, a level not seen since December 2022. Upward move gained steam after publication of latest Conference Board consumer confidence figures. Price is currently approaching crucial support at $1830, which is marked with previous price reactions, upper limit of local 1:1 structure and 38.2% Fibonacci retracement of the upward wave started in March 2020. Should break lower occur, upward move may accelerate towards the key resistance zone between $1868 - 1875 an ounce. On the other hand, if sellers manage to halt declines around $1830 level, another downward impulse may be launched towards psychological support at $1800.
GOLD, H4 interval. Source: xStation5
When will the rise in oil prices reach us?
Daily Summary: Equities Diverge as Tech Lags, Europe Rallies on Earnings & PMIs (24.07.2026)
Three markets to watch next week (24.07.2026)
Oil Slides Ahead of the Weekend!