- Gold slips to $3,620 after failing to stay above $3,660.
- The US Dollar Index rises for a third day in a row.
- Technical charts show gold may have formed a short-term top near $3,670.
Gold prices moved lower on Thursday. XAU/USD fell back to $3,620 as the US Dollar gained strength once again. The greenback has now risen for three straight sessions. Traders are waiting for the US Consumer Price Index (CPI) report. The data is expected to show stable inflation, which could support a Federal Reserve rate cut next week.
Technical Outlook: Support and Resistance Levels
Gold has gained almost 10% since mid-August, but momentum is fading. The metal failed to break the $3,660–$3,670 zone, which is now a key resistance area. A bearish signal on the 4-hour RSI adds pressure to the downside.
If sellers push below $3,620, the next target is $3,580. This level lines up with the weekly low and the September 5 high. A deeper drop could take gold toward $3,510, the low from September 4.
For buyers, a clear break above $3,670 would shift momentum back to the upside. If that happens, the next target is $3,700, supported by the Fibonacci extension of the September 3–4 pullback.
Make money without lifting your fingers: Start using a world-class auto trading solution.
EightCap, your trusted Partner in CFDs, Cryptocurrencies and Stocks.
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.
