Gold Declines In Technically Driven Market (GLD) (IAU) (SLV)
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 10/13/2026
- Nasdaq ends down as chipmakers fall and bank earnings roll in
- Oil prices settle mixed, focus on US-Russia diesel deal, Saudi Yemen attacks
- JPMorgan shares edge lower after third-quarter FICC revenue miss
- Fed’s Waller says US bond yield rise driven by growth, not inflation
- Wells Fargo beats profit estimates despite revenue miss
Tweet
Share
E-mail
Gold came under pressure early on Wednesday for reason that were, in the words of one trader, "not immediately clear".
From a technical perspective, last Friday gold ran into resistance near a Fibonacci retracement levels near $1750. From there, it began to slowly rollover, piercing a medium-term upward trend line and key levels around $1735. >From there, it broke out on the downside.
Gold currently trades at $1715, with anticipate mid-morning support ahead of $1700.
iShares Gold Trust ETF (NYSE: IAU) and SPDR Gold Shares ETF (NYSE: GLD) are lower by 1.4 percent.
iShares Silver Trust ETF (NYSE: SLV) declined by 1.9 percent.
From a technical perspective, last Friday gold ran into resistance near a Fibonacci retracement levels near $1750. From there, it began to slowly rollover, piercing a medium-term upward trend line and key levels around $1735. >From there, it broke out on the downside.
Gold currently trades at $1715, with anticipate mid-morning support ahead of $1700.
iShares Gold Trust ETF (NYSE: IAU) and SPDR Gold Shares ETF (NYSE: GLD) are lower by 1.4 percent.
iShares Silver Trust ETF (NYSE: SLV) declined by 1.9 percent.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- UBS flags level in gold prices where dip buyers will likely emerge
- Oil prices rise on Saudi Arabia attacks, overshadowing Trump's diesel deal
- Iran-backed Houthi militants claim new attacks on Saudi Arabia - AP
Create E-mail Alert Related Categories
Commodities, ETFs, TechnicalsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
