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Today Technical Analysis : Gold Prices Fall to $3,659 After Reaching a New record High at $3,707
Gold prices faced a major hurdle yesterday as the precious metal failed to maintain $3,700 levels. As seen on the hourly chart, price jumped to $3,707 before reversing downward. Short term moving averages MA(5) and MA(10) are now pointing downward showing a bearish crossover. Bearish correction could extend to $3,613 support level from last week. MACD is trending downward with the signal line showing more selling pressure. Failure to break above $3,680 and the 30-period moving average could open the door for further declines. chart EURUSD hit a major resistance level on the weekly chart in yesterday’s session at ... (full story)
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From fxempire.com | Sep 17, 2025
Gold triggered a one-day bearish reversal on Wednesday, breaking below Tuesday’s low after briefly touching a new record high of $3,707. The volatility followed the Federal Reserve’s rate decision and forward guidance, which fueled sharp swings across markets. By the afternoon session, sellers had regained control, keeping trade in the lower third of the ...
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From thegoldforecast.com | Sep 17, 2025
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