Gold price plunges unexpectedly! The gold price has fallen by more than 40 dollars from its daily high. FXStreet Chief Analyst's technical analysis of the gold price outlook.

On Thursday during the Asian market, spot Gold suddenly experienced a sharp decline, with prices falling more than $40 from the earlier intraday high of $3192.78 per ounce. FXStreet's chief Analyst Valeria Bednarik pointed out that Gold prices fell to a new one-month low, aiming to continue the recent downward trend.

FX16846minutes ago

The Gold defense line is in crisis! The "Lehman Killer" insists: the fiscal deficit will eventually trigger the second wave of Gold.

Technical traders have drawn a terrifying downtrend channel for Gold, but hedge fund giant and "Lehman Killer" Einhorn pointed out that the fundamental logic of Gold's rise remains unchanged.

Golden10 Data10:44

Einhorn declares that the rise of Gold is not over, and the defensive strategy helped Greenlight Capital make a profit of 8.2% in a declining market.

David Einhorn, the head of Greenlight Capital, reiterated his Call on Gold at the Sohn Investment Forum in New York on Wednesday, stating that this round of Precious Metals market is far from over.

Zhitong Finance10:11

Significant news between China and the United States has caused a plunge in gold prices! Major technical breaks in gold, keep an eye on these important support and resistance levels.

Gold prices plummeted over 2% on Wednesday, breaking the key threshold of 3200 dollars per ounce. Renowned Institutions Analyst Slobodan Drvenica from Windsor Brokers noted that the drop below the critical Resistance level was due to increasing optimism regarding the US-China trade agreement.

FX16809:33

Risk-averse sentiment cools down, and there are significant obstacles to the rise in gold prices.

Gelonghui, May 15 | According to China Securities Journal, recently, Global risk aversion sentiment has cooled, leading to significant fluctuations in international gold prices. On May 14, the spot gold price in London briefly fell below 3,230 USD/ounce, with the critical level of 3,250 USD/ounce continuing to be under pressure.

Gelonghui Finance09:09

A major news break from China and the United States, Gold faces an astonishing sell-off! Gold prices plummet nearly 73 dollars. How to Trade Gold?

The price of Gold plummeted over 2% on Wednesday, nearly reaching a five-week low. The optimistic atmosphere surrounding trade agreements significantly increased investors' risk appetite, hastening the withdrawal from Gold. FXStreet Analyst Christian Borjon Valencia noted that the sharp drop in Gold prices on Wednesday was primarily driven by positive trade news related to the USA, leading to an improvement in risk appetite.

FX16808:22