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Gold (XAU/USD) Selloff Deepens: Technical breakdown and rising Oil prices accelerates bearish momentum
Gold prices experienced a selloff in the Asian session as Oil prices continue to rise, stoking inflation concerns. Markets continue to be driven by the potential for a deal between the US and Iran. As the situation is fluid any change in perception around a deal is knocking sentiment. Rumors that President Trump is not happy with the recent proposal submitted by Iran. This has dampened sentiment early on Tuesday and barring any comments is likely to remain the status quo for the European session. The H4 timeframe paints a clear picture of a market struggling to find its footing. After failing to sustain a break above ... (full story)
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- Apr 28, 2026 9:31am Posted byTechnical Analysis24,296
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