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Gold falls to its lowest level in several weeks

Technical Analysis
By Ahmed Ashraf
Gold falls to its lowest level in several weeks
0 10

GOLD

الذهب 20-5-2026

Gold is trading below the $4,575 resistance zone, and prices are likely to move sideways between the mentioned resistance and the $4,350 support zone during today’s trading.

Support

 4350 4150
Resistance 4575

4775

Gold fell during today’s trading to its lowest level in around a month and a half, pressured by a stronger US dollar and rising bond yields, factors that reduced the appeal of the yellow metal despite ongoing tensions linked to the Iran war.

The main pressure came from renewed bets on monetary tightening, amid fears that higher energy prices could trigger a fresh inflationary wave and push the Federal Reserve to maintain a more hawkish tone in the coming period, raising the cost of holding gold as a non yielding asset.

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Ahmed Ashraf

Technical Analyst & Economic Researcher at LDN Global Markets

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