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Today Technical Analysis: Gold Falls More than 5% in Largest Daily Drop Since 2013
Dow Jones shows a clear uptrend on the hourly chart as prices are forming higher highs and higher lows. The 5-period and 10-period moving averages are flattening slightly above the moving average MA(30), showing short-term consolidation after a strong bullish run. The 30-period moving average continues sloping upward, confirming that the overall structure remains bullish. MACD lines are above zero, but the signal line crossover suggests a loss of momentum. If price holds above 46,800, it could push further toward 47,200–47,500. However, a break below 46,600 could trigger a correction toward 46,000 before the next ... (full story)
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From proactiveinvestors.com.au | Oct 22, 2025
Morgans analyst Ross Bennett views the overnight 6% slide in gold — the steepest one-day fall since 2013 — as a short-term correction rather than the end of the bull market. Gold set an intraday record above US$4,381 two days earlier before profit-taking and stronger US economic data, which pointed to later rate cuts and a firmer US dollar, triggered broad ...
