Gold faces downward pressure after a bearish shooting star reversal, with resistance near the 100-day average holding, signaling potential tests of Fibonacci and channel support zones.
John Templeton said that “the time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell.”
Gold tanks as US Dollar surges in tandem with Oil prices
Silver and platinum are down by more than 4% in today's trading session.
Gold: CTA selling risk and structural cracks – TD Securities
Gold pulls back on Thursday again as the interest rate markets around the world see higher rates in multiple countries, most notably the United States.
Gold slides as US-Iran uncertainty and global interest rate outlook weigh
As we see over the Intraday chart, Gold tested the support trend while still holding above it which could keep the advance wave going towards the 4610 and 4700-35 resistances. Below 4415 more of a drop will be expected with support around 4306 which could keep the chance for a rebound.
Gold Price Forecast: XAU/USD declines sharply to near $4,400 as Middle East fears revive
Since 19 March, Gold (XAU/USD) has staged the expected bearish impulsive down move sequence and plummeted by 15% to print a 4-month low of $4,099 on Monday, 23 March 2026, supported by the “stagflation fear” macro factor.
Gold (XAU/USD) remains under pressure after a sharp 15% drop and a short-lived rebound, with the latest bounce likely a dead cat bounce. Strength in WTI crude oil and rising stagflation risks are reinforcing downside momentum, as higher rates increase the opportunity cost of holding gold.
Saudi Arabia Gold price today: Gold rises, according to FXStreet data