🥇 Gold continues recovery

Gold continues recovery move started after a failed attempt of breaking below a key support at $1,680. Precious metal is trading higher for the third day in a row as lower yields allow gold to catch a breath. Gold may become more active in the early afternoon when ECB announces its monetary policy decision (decision - 12:45 pm GMT, press conference - 1:30 pm GMT). ECB members have recently talked down yields and gold may receive a boost if words are followed by actions today.

From a technical point of view, the nearest resistance to watch can be found at $1,752 - the upper limit of local 1:1 market geometry. Key resistance marked by the upper limit of the large Overbalance structure can be found at $1,870.

Source: xStation5

11 June 2026, 7:11 PM

Daily summary: “TACO Moment” supports indices rebound

11 June 2026, 10:26 AM

Chart of the day: GOLD catches breath amid shaky risk appetite recovery 🟡 (11.06.2026)

11 June 2026, 6:55 AM

Morning Wrap: Risk appetite is back despite new exchange of US-Iran strikes (11.06.2026)

10 June 2026, 6:23 PM

Daily Summary: Stocks and gold on their knees as US will continue strikes on Iran (10.06.2026)

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