Trading
Explore a wide range of markets with competitive pricing, deep liquidity, and advanced trading tools.
Learn More 
Platform
Trade seamlessly with TMGM's powerful platform, built for speed, precision, and a superior trading experience.
Learn More Trading Platform
Academy
Learn the fundamentals of trading with beginner-friendly resources, including guides, webinars, and market insights.
Learn More News & Analysis
Get real-time market updates and expert analysis to stay ahead of trading opportunities
Learn More News & Analysis
About
Learn what sets TMGM apart — our global presence, regulatory strength, and commitment to innovation in trading.
Learn More Why Choose TMGM
Sponsorship
Gold: Does the Range Ceiling Signal a Risk of a Pullback? – Societe Generale
Gold remains confined to a narrow consolidation range after forming an interim low near $4,065, according to Societe Generale analysts. With resistance at $4,200/4,225, they caution that an inability to break higher could lead to a deeper correction towards the June low at $3,960/3,940 and projections near $3,830. Initial support stands at $4,065.
Could consolidation give way to a deeper decline?
"Gold carved out an interim low near $4,065 earlier this month and has since evolved within a narrow consolidation."
"The upper boundary of this range at $4,200/4,225 represents a short-term resistance zone."
"Failure to overcome this hurdle could denote the risk of a deeper pullback."
"The lower boundary of the consolidation near $4,065 serves as the first support."
"A break below this may extend the decline towards the June low at $3,960/3,940 and projections near $3,830."
(An editor reviewed this article, which was produced with the assistance of an Artificial Intelligence tool. Learn more.)
POPULAR ARTICLES
1Gold Price Forecast: Can XAU/USD hold key support at $4,070 as high oil prices test the level?2British Pound: Why Does Sterling’s High-Carry Profile Support It Against the Euro? – ING3Indian Rupee: How are trade hopes lifting INR against the US Dollar? - Societe Generale4Bitcoin Price Forecast: Is geopolitical uncertainty pushing BTC lower despite ETF inflows?5Swiss Franc: Gains Against US Dollar Edge Gradually Towards 0.8200 – UOB6Gold at $4,100: 3 forecasts weigh a bullish Arc rejection, a bearish Fed setup and a festival tiebreaker7Turkish Lira: Depreciation risks rise as rates are cut - Commerzbank8Silver price today: FXStreet data show a decline in silver prices9Can the British Pound consolidate above 1.3400 as the US Dollar weakens?
LIVE QUOTES
ALL ABOUT GOLD & PRECIOUS METALS
Gold ETF Taxation: What Is the Tax on Gold ETF in India?
How Much Gold Is Allowed From Dubai to India?
How much is the Tax on Gold in India?
Gold Market Open Time: XAUUSD Trading Hours & Best Time to Trade
How to Trade Gold
Top 10 Most Traded Commodities in India & The Best Commodity to Trade
Gold Price Chart India 10 Years: An Overview
Why Invest in Gold: The Advantages of Trading Gold CFDs
4 Strategies for Investing in Gold for Beginners in 2025
Get Started!
Sign up and access the Global Markets in less than 3 minutes
Connect With Us
Contacts
Phone: +61 2 8036 8388
Fax: +61 2 8036 8388
Email: support@tmgm.com
The information provided on this website is of a general nature only and does not constitute personal financial advice. Before acting on any information on this website, you should consider the suitability of the information in relation to your objectives, financial situation and needs. Investing in CFDs and FX Margin Contracts carries significant risks and is not suitable for all investors. You may lose more than your initial deposit. You do not own, or have, any interest in the underlying asset. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. It is important that you read and consider the disclosure document before you acquire any product listed on the website. The information and advertisements offered on this website are not intended for use by any person in any country or jurisdiction where such use would be contrary to local laws and regulations. The Products and Services offered on this website are not intended for residents of the United States, Malaysia and Thailand.
TMGM is authorized and regulated in various jurisdictions.
Trademax Australia Limited, trading as TMGM, is regulated by the Australian Securities and Investments Commission (ASIC), AFSL no. 436416 and is located at Level 28, One International Tower, 100 Barangaroo Avenue, 2000 Sydney, NSW Australia.
Email: support@tmgm.com.au
Trademax Global Limited, trading as TMGM, is authorized and regulated by the Vanuatu Financial Services Commission (VFSC), registration number 40356 and registered at 1276, Kumul Highway, Port Vila, Vanuatu, Republic of Vanuatu.
Email: support@tmgm.com
Trademax Global Markets (SE) Limited, trading as TMGM, is authorized and regulated by the Financial Services Authority (FSA) of Seychelles, with license number SD224. The company is registered at Office No 13, Providence Estate ABIS Centre, Mahe, Seychelles.
Email: support@tmgm.com
Trademax Global Markets (International) Pty Ltd, trading as TMGM, is authorized and regulated by the Financial Services Commission, Mauritius (FSC) with license no. GB22201012, and registered at 33, Edith Cavell Street C/o IQ EQ Fund Services (Mauritius) Ltd Port Louis, 11324 Mauritius.
Email: support@tmgm.com
Copyright © TMGM. All rights reserved