The Price of Gold Continues Sliding. Investors Should Monitor These Critical Levels
Update: 2025-10-28
Description
Gold prices plummeted below $3,900, marking a significant shift from recent record highs, as investors cashed in profits and moved away from safe-haven assets due to a rallying stock market and progress in US-China trade talks. The relative strength index dropped below neutral, indicating fading bullish momentum, and gold fell through key Fibonacci retracement levels. Analysts highlight several support levels, with the first major one at around $3,850. If gold continues to decline, it could reach $3,720. The final critical support lies near $3,450. If gold recovers, investors should watch the $4,380 resistance zone for a potential new bullish run. Despite the recent pullback, gold is up 50% for the year, but investors must monitor technical signals and global events.
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