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Gold falls despite inflation pressures

Technical Analysis
By Ahmed Ashraf
Gold falls despite inflation pressures
0 2

GOLD

الذهب 28-4-2026

Gold trades above $4600 support zone, prices likely to decline and retest mentioned support, scenario invalidated by break above $4850 resistance in today’s trading.

Support

 4600 4350
Resistance 4850

5100

Gold faced selling pressure during today’s trading, retreating toward the $4600 per ounce level, amid a relative improvement in risk appetite and reduced demand for safe haven assets as diplomatic discussions between Washington and Tehran resurfaced. At the same time, expectations that interest rates will remain elevated for a longer period continue to weigh on the metal, especially with the ongoing impact of higher energy prices on the inflation outlook. This combination of factors has prompted investors to scale back their positions in gold, while markets remain focused on any political developments or central bank signals that could reshape price direction in the coming period.

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Ahmed Ashraf

Technical Analyst & Economic Researcher at LDN Global Markets

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