Read more
5:44 PM · 3 November 2022

Gold hovers near major support

GOLD
Commodities
-
-

Gold prices fell further on Thursday, closing in on the lowest level since March 2020, after a hawkish Fed sent the dollar higher. During today’s session gold tested support zone around $1,615 an ounce, which is marked with previous price reactions. Buyers managed to defend this level, however one need to remember that the main trend remains downward and on a decisive break above resistance at $1685, which coincides with 61.8% Fibonacci retracement and upper limit of the descending channel, would herald a shift in the sentiment. Until then, further downward move looks more probable. If sellers manage to break below the $1615 level, downward impulse may deepen towards $1580 where 78.6% retracement is located. 

GOLD, D1 interval. Source: xStation5

12 December 2025, 6:56 PM

Daily Summary: End of the week in the red, tech rally waning

12 December 2025, 3:06 PM

🔝Silver Jumps 10% Weekly, up 120% YTD

12 December 2025, 10:06 AM

Chart of the day - SILVER (12.12.2025)

11 December 2025, 6:46 PM

Daily summary: SILVER at a new ATH, EURUSD at its highest since October

Join over 2 000 000 XTB Group Clients from around the world

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