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Gold Crashes $84 as Iran War Kills the Trade

Thursday, July 16, 2026

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Gold Crashes $84 as Iran War Kills the Trade

Thursday, July 16, 2026

Gold just got crushed 2.08% as US strikes on Iran push oil to one-month highs, reigniting rate-hike fears and pulling the safe-haven bid out from under the bulls. DXY holds firm near 100.50, clawing back after back-to-back losses as resilient retail sales and falling jobless claims give the dollar new legs. Sellers own this tape below $4,060. every rally is getting faded.

📉 Daily Bias: Bearish
🔴 Key Resistance: $4,045
🟢 Key Support: $3,940

UMich Inflation Expectations drop Friday. a hot print and $3,940 gets tested fast.

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