Read more
5:45 PM · 17 August 2023

GOLD still under bearish pressure below 1900 USD

-
-
Open account Download free app

During today's session we can observe solid declines in the gold market, which has to do with the strengthening of the US dollar - supported by strong claims and yesterday Fed minutes. GOLD quotations broke below the key support zone of $ 1905-1900 yesterday, and today failed to return above, which resulted in a deepening of the discount. According to the assumptions of classical technical analysis, as long as the cus is below the mentioned zone, further sell-offs are possible. The nearest important support falls only at $1856.

GOLD interval D1. Source: xStation5

Looking at the H1 interval, we observe a strong downtrend. Today the price tried to go above the $1900 level, but the attempt failed, followed by the establishment of a new minimum. As long as the price does not return above the average, the downtrend is in force. 

GOLD interval H1. Source: xStation5

16 March 2026, 1:29 PM

Market Wrap: Europe attempts rebound amid hopes of restoring traffic in Hormuz 🚢

16 March 2026, 7:04 AM

Morning wrap (16.03.2026)

13 March 2026, 5:31 PM

Three markets to watch next week (13.03.2026)

13 March 2026, 6:52 AM

Morning Wrap: Russian Oil with a 30-Day Purchase Permit

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