🏆 Gold is testing $1,900 mark!

3:28 PM 21 September 2020

Gold is down over 2% today and is currently testing crucial support level.

Gold is down over 2% and approached key support area at $1,900 per ounce. Precious metals prices tend to fall due to stronger U.S. dollar which might be associated with fears on global stock markets. As far as technical analysis in concerned, on might notice a triangle pattern and a potential breakout. Silver prices as down as much as 7.20% at press time.

Gold is trying to make a breakout of a triangle pattern. Potential sell-off might reach $1,800. Source: xStation5

Share:
Back

Join over 1 600 000 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