Gold outlook: XAU/USD hammered, stretched and vulnerable to a sharp rebound
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Forexcom
Tuesday, September 29, 2026 at 02:05 AM UTC

Gold outlook: XAU/USD hammered, stretched and vulnerable to a sharp rebound

Currency Pairs:💱 XAU-USD

It was a brutal start to the week for gold and the broader precious metals complex, with massive losses seen that ranked right up there among the largest in history.

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Gold outlook: XAU/USD hammered, stretched and vulnerable to a sharp rebound