In this article I want to talk to you about what’s happening to the price of Gold, currently. Whilst this is not a stock, I have prepared by usual style ‘stocks today’ blog article on it, because it is worth paying attention to, as Gold gives an indication of the overall position and health of the markets. As you will know from my recent blog posts, many of the markets are pulling back right now or simply moving sideways, following having reached record highs!. Gold is no exception to this. Let’s take a look at the chart movements to see what’s going on and whether we can identify any recent patterns…
Stocks today – the Gold Daily Time Frame chart
As you can see the Gold market reached all time highs at around 29th January 2026. The price has descended quite steeply since then – by 26%, as you can see on the chart. This is quite a drop and highly significant for our consideration of stocks today! It could represent a big bargain for someone if the prices went back up to previous levels.
Let’s take a look at the monthly timeframe, too, to get a better birds eye view:
Gold monthly timeframe chart:
As you can see on the monthly timeframe chart, the price had literally gone to the moon recently. The dip down which we can see in detail on the daily timeframe, seems small compared to the amount it has risen in the recent past. The price is nearing a bit of a support level per the daily timeframe, marked below:
There are a number of scenarios which could play out and it is very difficult to determine which one is likely to happen. If Gold continues to drop, it could find some support, even temporarily, at some of these horizontal support levels. However, it has dropped already by 26% which is not insignificant. If it dropped even further this would amount to an enormous discount on the recent highs, prices.
Ultimately, it will be difficult to try and predict which way this market will go, but I will be keeping a close eye on the chart. Before getting into any gold positions, I would want to see the market making higher highs and higher lows once again. This may be a while off yet. We will see!
I hope you found this article helpful, on ‘stocks today’.
Disclaimer!
Nothing on this blog should be taken as financial advice or encouragement for you to enter a trade. You are expected to speak to a financial adviser or carry out your own due diligence before entering any positions. Everything on this blog is made for educational purposes and to equip you with the knowledge you need to be able to make your own financial decisions.
Disclaimer!
Nothing on this blog should be taken as financial advice or encouragement for you to enter a trade. You are expected to speak to a financial adviser or carry out your own due diligence before entering any positions. Everything on this blog is made for educational purposes and to equip you with the knowledge you need to be able to make your own financial decisions.
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