{"id":434330,"date":"2026-07-22T16:07:53","date_gmt":"2026-07-22T09:07:53","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/gold-squeezes-to-the-upside-following-a-key-technical-breakout-but-skies-arent-clear-yet-434330\/"},"modified":"2026-07-22T16:07:53","modified_gmt":"2026-07-22T09:07:53","slug":"gold-squeezes-to-the-upside-following-a-key-technical-breakout-but-skies-arent-clear-yet","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/gold-squeezes-to-the-upside-following-a-key-technical-breakout-but-skies-arent-clear-yet-434330\/","title":{"rendered":"Gold squeezes to the upside following a key technical breakout; but skies aren’t clear yet"},"content":{"rendered":"
\n

FUNDAMENTAL
\n OVERVIEW<\/p>\n

\u00a0<\/p>\n

Gold staged a rebound yesterday without any fundamental reason. The catalyst might have been a squeeze
\n triggered by the breakout of a key trendline that\u2019s been capping the upside for
\n several weeks. <\/p>\n

As I mentioned previously,
\n the risk\/reward did flip to the upside after the soft US inflation data and the
\n dovish repricing, but traders will likely need a de-escalation on the US-Iran
\n front for a more sustained trend. <\/p>\n

The US-Iran headlines continue
\n to drive the price action, especially this week with pretty much nothing on the
\n agenda. De-escalatory news should support gold and trigger rallies, while
\n further escalations will continue to weigh on the market and drag prices lower.<\/p>\n

\u00a0<\/p>\n

GOLD TECHNICAL ANALYSIS \u2013 DAILY TIMEFRAME<\/p>\n<\/p>\n

On the daily chart, we can
\n see that gold pulled back into the major downward trendline. This is where we
\n can expect the sellers to step in with a defined risk above the trendline to
\n position for a drop into the 3,885 level. The buyers, on the other hand, will
\n look for a break to open the door for a move into the next trendline around the
\n 4,500 level. <\/p>\n

GOLD TECHNICAL ANALYSIS \u2013 4
\n HOUR TIMEFRAME<\/p>\n<\/p>\n

On the 4 hour chart, we can
\n see more clearly that the break above the minor downward trendline triggered a
\n squeeze into the major trendline. There\u2019s not much we can add here as the
\n sellers will likely start piling in around these levels with a defined risk
\n above the trendline to position for a drop into the 3,885 level. <\/p>\n

GOLD TECHNICAL ANALYSIS \u2013 1
\n HOUR TIMEFRAME<\/p>\n<\/p>\n

On the 1 hour chart, we have
\n a minor upward trendline defining the recent pullback. The buyers will likely continue
\n to lean on the trendline with a defined risk below it to keep pushing into new
\n highs, while the sellers will look for a break to increase the bearish bets
\n into the 3,885 level next. The red lines define the average daily range<\/a> for today. <\/p>\n

UPCOMING CATALYSTS<\/p>\n

Tomorrow<\/a>, we get the latest
\n US Jobless Claims figures, while on Friday we conclude the week with the Flash
\n US PMIs. The focus remains on US-Iran headlines. <\/p>\n

This article was written by Giuseppe Dellamotta at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

FUNDAMENTAL OVERVIEW \u00a0 Gold staged a rebound yesterday without any fundamental reason. The catalyst might have been a squeeze triggered by the breakout of a key trendline that\u2019s been capping the upside…<\/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-434330","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/434330","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=434330"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/434330\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=434330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=434330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=434330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}