Gold and silver traded with mixed signals as the Middle East truce held firm. Gold bounced strongly off $4,514 channel support while silver slipped to $75.10.
Saudi Arabia Gold price today: Gold rises, according to FXStreet data
Philippines Gold price today: Gold rises, according to FXStreet data
United Arab Emirates Gold price today: Gold rises, according to FXStreet data
Pakistan Gold price today: Gold rises, according to FXStreet data
India Gold price today: Gold rises, according to FXStreet data
Malaysia Gold price today: Gold rises, according to FXStreet data
Gold pauses recovery as firm US inflation reaffirms Fed hike bets amid Iran uncertainty
The short‑term Elliott Wave view in Gold (XAUUSD) shows that the yellow metal has completed a three‑swing correction from the April 17, 2026 high. The pullback unfolded as a zigzag, with wave A ending at $4499.92 and wave B at $4773.58.
Gold is attempting to form a near-term base, with technical signals on the daily chart turning increasingly constructive. However, options traders remain cautious, with demand for downside protection rising and implied volatility beginning to lift from recent lows.
Gold rebounds to near $4,500 after US and Iran reach outline ceasefire deal
Gold shows potential bottoming behavior after testing the 200-day moving average, with bullish reversal signals emerging as price approaches key resistance at 50-day and 20-day levels.