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  5. XGD: Hi Peter gold has dropped below 5000 and XGD is in decline so is silver I wonder what is the next support level of XGD , should one trim back and wait for a bottom to form? [iShares S&P/TSX Global Gold Index ETF]
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Q: Hi Peter
gold has dropped below 5000 and XGD is in decline
so is silver

I wonder what is the next support level of XGD , should one trim back and wait for a bottom to form?
thanks
Michael
Asked by Michael on March 19, 2026
5i Research Answer:

Timing of course is always tricky. Wednesday's inflation numbers scared the sector and the US dollar strength does negatively impact gold. Some support was broken at $55, and next support is likely in the $50 range. 'Waiting' for a bottom is tough. We would instead simply manage exposure to goals. If the Iran war ends we would expect a decent rally, and the underlying pre-war trends on gold remain positive.

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