Sat, Feb 07, 2026 09:18 GMT
More
    HomeContributorsTechnical AnalysisGold Slips Lower

    Gold Slips Lower

    MultiBank Exchange Group
    By MultiBank Exchange Group

    The yellow metal drops further on the short term and closed the former gap up. Is under selling pressure on the short term as the USD has managed to increase versus all its rivals. A further USDX increase will send the Gold towards the $1307 per ounce, where we have an important static support. Support can be found at the warning line (WL1) as well.

    MultiBank Exchange Group
    MultiBank Exchange Grouphttp://www.mexgroup.com
    Multibank Exchange Group (MEX Group) is a multinational financial derivatives dealer. Established in California in 2005, MEX has offices in several countries around the world, including the US, the UK, Australia and China. Mex Group is regulated by the Australian Securities and Investment Commission (ASIC) in Australia, the Ras al Khaimah Free Trade Zone (RAK) in the United Arab Emirates and the Financial Services Commission (FSC) in the British Virgin Islands.

    Latest Analysis

    Load more

    Learn Forex Trading

    ActionForex.com was set up back in 2004 with the aim to provide insightful analysis to forex traders, serving the trading community for over a decade. Empowering the individual traders was, is, and will always be our motto going forward.

    Contact us: contact@actionforex.com

    © ActionForex.com © 2025 All rights reserved.