Gold (XAU/USD) saw a sharp 8% intraday sell-off after reaching a record high of US$4,381, triggering a potential short-term bullish reversal. The decline likely stemmed from stop-loss triggers on leveraged long positions. Despite the volatility, the medium-term uptrend remains intact, supported by falling US real yields. Key support lies at US$4,056/4,000, with a rebound above US$4,203 potentially paving the way toward US$4,267–US$4,455 resistance levels.
22-10-2025 05:08 GMT
by Kelvin Wong