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Gold Price Short-term Outlook: XAU/USD Plunges 17% – Key Support Break Sparks Risk
Gold’s sharp decline has gathered pace, driving prices lower after a decisive break beneath key technical support. The move marks a clear shift in near-term price action, with the selloff extending into a major support zone that could determine the next phase of the trend. Momentum has weakened notably on both daily and weekly charts, underscoring the pressure on the market as it approaches this inflection point. Whether buyers step in at this level or selling continues to accelerate will likely dictate the path for gold in the sessions ahead. Battle lines drawn on the XAU/USD short-term technical charts. Technical ... (full story)
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From investinglive.com | Mar 19, 2026
The price of gold has pulled back sharply from its record highs, correcting meaningfully after an extended run to the upside. Since peaking near $5,416 at the end of February, the metal has declined roughly 16.5%, marking a notable shift in momentum after a powerful rally throughout 2025 and into early 2026. What makes the move particularly interesting is ...
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Gold prices rose on Friday on technical buying, but were headed for a third consecutive weekly decline, pressured by a firm U.S. dollar and as a hawkish U.S. Federal Reserve dampened hopes for near-term interest rate cuts. Spot gold rose 1.1% to $4,700.97 per ounce as of 0257 GMT, rebounding from a near two-month low hit in the previous session. US gold ...
