Gold prices saw a significant correction over the past 3 months as prices slid nearly 15% to test $1765 per ounce. In our previous posts we argued that it still looked like a major correction in a longer positive trend and buyers were able to defend the key combination of supports at $1765. This led to a sharp rebound and the price moved above the key $1850 level. Should the move fail, it could lead to a return to declines and make this correction deeper. Now the chances of return to the rally are stronger with the next resistance at $1925.

๐ดDaily summary: Wall Street ignores hawkish inflation, oil falls sharply despite geopolitical tensions
โ ๏ธThree Markets to Watch Next Week (11.09.2026)
US OPEN: Rebound on Wall Street despite higher Supercore inflation and a jump in yields
Breaking: Time for a tough call for Fed as monthly hotter Core CPI tests market expectations