Gold slid again — down 0.65% to $1,732.68 — extending a short-term downtrend after failing to break through resistance. The question on every chart-watcher’s mind: correction, or the start of something longer?
The levels that matter
Gold faces strong resistance at $1,750 — it failed there last week; a clean break would open room to climb. Below, supports wait at $1,720 and $1,680: losing both would signal a longer descent.
The Fed’s quiet tailwind
Markets seemed to shrug off Fed Chair Jerome Powell’s “60 Minutes” comments: the central bank will support the economy with all its resources until recovery is complete, and rate hikes are “a while” away from the current 0.25%. Easy money is historically gold-friendly — even when charts look tired.
Chart-reading for sellers: resistance and support levels are the market’s memory. Offers follow the level gold settles at, not the scariest red candle of the week.
Whether gold breaks up or down, our offers track the live price — see what your pieces fetch today.
