Gold's Correction May Be Far From Over
Razan Hilal, FOREX.com Market Analyst, examines whether the latest correction in Gold and Silver prices is creating a buying opportunity or signaling a deeper decline. She explores key Fibonacci levels, momentum signals, downside risks and the price levels that could determine whether gold and silver recover toward record highs or extend their losses.
Written by
Razan Hilal
Market Analyst
Razan Hilal, FOREX.com Market Analyst, examines whether the latest correction in Gold and Silver prices is creating a buying opportunity or signaling a deeper decline. She explores key Fibonacci levels, momentum signals, downside risks and the price levels that could determine whether gold and silver recover toward record highs or extend their losses.
This content was created by an affiliate of FOREX.com and represents the views and opinions of the author/speakers, not the views and opinions of FOREX.com, StoneX Group Inc., or its subsidiaries. The content has not been independently reviewed by FOREX.com.
Web Trader platform
Our sophisticated web-based platform is packed with features.
Open an account today
Experience award-winning platforms with fast and secure execution.
Economic calendar
Related articles
Euro Short-term Outlook: EUR/USD Pullback Nears Pivotal Uptrend Support 8 28 2026
Warsh's comments accelerated the EUR/USD selloff, raising the stakes as buyers look to stabilize the broader recovery.
Gold and S&P 500 analysis: What now after Warsh’s hawkish speech?
The dollar surged across the board after the Fed Chair Kevin Warsh surprised with a hawkish-leaning speech at the Jackson Hole summit. All the bearish dollar bets that had been accumulated since last Friday on the back of data weakness and bond market troubles had to be squared and that triggered a short squeeze rally for the dollar. Gold and silver dropped, as a result, as too did bitcoin, while US indices were giving back earlier gains.
AUD/CAD breakout puts the Bradman barrier in sight
A bullish breakout has pushed AUD/CAD to its highest level since early 2021. Whether it can clear 0.9994 may determine if the move extends well above parity.
