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After its consecutive rallies… the yellow metal loses its shine

Technical Analysis
By Ahmed Ashraf
After its consecutive rallies… the yellow metal loses its shine
0 7

GOLD

الذهب 21-10-2025

Gold is trading around the resistance area of $4,350. A breakout above this level could extend the upward trend and lead to the formation of new highs. However, it is likely that the mentioned resistance area will limit the pace of the rally during today’s trading.​

Support

 4200​ 4050​ –
Resistance 4350​ 4500​

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Gold prices saw a slight decline after a strong rally last week that pushed the metal to record highs above $4,300 per ounce. This pullback comes as a result of a stronger U.S. dollar and some investors engaging in profit-taking following the historic surge, while markets await the upcoming Federal Reserve meeting amid growing expectations of an interest rate cut before the end of the year. Despite the limited drop, gold’s positive momentum remains intact, supported by ongoing demand for safe haven assets amid geopolitical tensions and concerns over a global economic slowdown.

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Ahmed Ashraf

Technical Analyst & Economic Researcher at LDN Global Markets

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