{"id":437320,"date":"2026-09-02T00:10:35","date_gmt":"2026-09-01T17:10:35","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/gold-is-down-close-to-100-on-the-day-and-trades-to-the-lowest-level-since-august-18-437320\/"},"modified":"2026-09-02T00:10:35","modified_gmt":"2026-09-01T17:10:35","slug":"gold-is-down-close-to-100-on-the-day-and-trades-to-the-lowest-level-since-august-18","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/gold-is-down-close-to-100-on-the-day-and-trades-to-the-lowest-level-since-august-18-437320\/","title":{"rendered":"Gold is down close to $100 on the day and trades to the lowest level since August 18"},"content":{"rendered":"<div>\n<p class=\"isSelectedEnd\">Gold is down nearly $100, trading near $4353 after reaching a session low of $4326.38. Today\u2019s decline has pushed the price back below its 100-day moving average at $4379.81, giving sellers more control.<\/p>\n<p class=\"isSelectedEnd\">\n<p class=\"isSelectedEnd\">Gold last moved above that moving average on August 19. Yesterday, buyers leaned against the level and sparked a bounce to $4464. Today\u2019s second test, however, brought a different result. Buyers could not hold support, and sellers pushed through.<\/p>\n<p class=\"isSelectedEnd\">The 100-day moving average now becomes the key barometer. If buyers are to regain control, they need to get\u2014and stay\u2014back above that MA at $4379.81. Until then, the break keeps the sellers in charge.<\/p>\n<p class=\"isSelectedEnd\">On the hourly chart, the next downside target is the 50% midpoint at $4319.75, followed by the August 10 and August 14 lows near $4310.61. A break below both would open the door for further selling.<\/p>\n<p>Buyers had their shot yesterday. Today, they need to reclaim the broken support to turn the technical picture back in their favor.<\/p>\n<p>US yields are moving higher, the US dollar is also higher on the day along with the price of crude oil which is up over $3.80. All the chart which are contributing to gold prices going lower.<\/p>\n<\/p>\n<p>                            This article was written by Greg Michalowski at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Gold is down nearly $100, trading near $4353 after reaching a session low of $4326.38. Today\u2019s decline has pushed the price back below its 100-day moving average at $4379.81, giving sellers more&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-437320","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/437320","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=437320"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/437320\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=437320"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=437320"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=437320"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}