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Gold: Plunges from $4400: Is a Healthy Pullback Underway?
Gold initially rallied during the trading session on Friday to get near the $4400 level, only to turn things around and show signs of negativity as we reached toward the crucial $4200 level. This is a very bullish market, but this nasty candlestick could be the beginning of something bigger going forward. After all, markets cannot go straight up in the air forever, and sooner or later, you are going to have to give back some of the gains to attract value hunters. The technical analysis for gold obviously is very strong, and the $4200 level is likely to continue to be supported. That being said, if we were to break ... (full story)
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- Oct 20, 2025 4:47am Posted byTechnical Analysis360
