Gold managed to catch some breath in the first half of the week as US yields pulled back. However, as US 10-year yields have once again jumped to the 1.60% mark, gold once again has found itself under pressure. Price failed to break above the resistance zone ranging above $1,730 and painted a pin bar pattern in the area. Precious metals resumed a downward move today and is looking towards the $1,700 mark. The near-term support to watch can be found at $1,680, where the lower limit of the downward channel and previous price reactions can be found.
Gold fails to break above $1,730 and resumes downward move. Source: xStation5
Daily Summary: End of the week in the red, tech rally waning
🔝Silver Jumps 10% Weekly, up 120% YTD
Chart of the day - SILVER (12.12.2025)
Daily summary: SILVER at a new ATH, EURUSD at its highest since October