Performance of the Main Investment Vehicles (Gold ETFs)Gold-linked exchange-traded funds showed broad-based gains during today’s session.
Related ETFLast Price ($)Change % TodaySPDR Gold Shares (GLD)410.22+1.85%iShares Gold Trust (IAU)84.10+1.88%ProShares Ultra Gold (UGL)53.37+3.83%abrdn Physical Gold Shares (SGOL)42.59+1.87%
Repository! 📊 Stock market risk note: Leveraged or inverse instruments, such as the ProShares UltraShort Gold (GLL), recorded substantial losses (-3.89%) due to the upward move in the metal, reinforcing the volatility of trading commodity derivatives.
Technical Levels to WatchOverall gold bias over the long term continues to hold a bullish base after recovering from the key support zone of $4,300.
On the technical side, the daily analysis of moving averages and the price structure indicates:Medium-term support: Around $4,383 - $4,397.
Resistance to break: The immediate resistance zone is located above $4,639 - $4,696.
Related ETFLast Price ($)Change % TodaySPDR Gold Shares (GLD)410.22+1.85%iShares Gold Trust (IAU)84.10+1.88%ProShares Ultra Gold (UGL)53.37+3.83%abrdn Physical Gold Shares (SGOL)42.59+1.87%
Repository! 📊 Stock market risk note: Leveraged or inverse instruments, such as the ProShares UltraShort Gold (GLL), recorded substantial losses (-3.89%) due to the upward move in the metal, reinforcing the volatility of trading commodity derivatives.
Technical Levels to WatchOverall gold bias over the long term continues to hold a bullish base after recovering from the key support zone of $4,300.
On the technical side, the daily analysis of moving averages and the price structure indicates:Medium-term support: Around $4,383 - $4,397.
Resistance to break: The immediate resistance zone is located above $4,639 - $4,696.
