{"id":436540,"date":"2026-08-19T17:50:32","date_gmt":"2026-08-19T10:50:32","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/gold-bounces-back-up-today-but-buyers-have-work-to-do-to-regain-upside-momentum-436540\/"},"modified":"2026-08-19T17:50:32","modified_gmt":"2026-08-19T10:50:32","slug":"gold-bounces-back-up-today-but-buyers-have-work-to-do-to-regain-upside-momentum","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/gold-bounces-back-up-today-but-buyers-have-work-to-do-to-regain-upside-momentum-436540\/","title":{"rendered":"Gold bounces back up today but buyers have work to do to regain upside momentum"},"content":{"rendered":"<div>\n<p style=\"text-align: justify\" class=\"text-align-justify\">Gold is seeing a modest bounce back up in European morning trade, after falling to around $4,335 at the tail end of Asia trading. The past few hours is seeing gold push back up to around $4,367 currently but buyers were dealt a bit of a blow in trading yesterday.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">That after seeing price fall back below both the 100-hour (red line) and 200-hour (blue line) moving averages:<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">\n<p style=\"text-align: justify\" class=\"text-align-justify\">In seeing that break, the near-term bias has now switched to being more bearish for gold. However, that is not to say that buyers are down for the count just yet.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">The latest rebound shows that dip-buying appetite is still present, with some minor support also seen closer to the $4,313-17 region. I would be more convinced of a renewed break to the downside if buyers fail to hold this level upon a break of the key hourly moving averages above.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">But for now, we are seeing some fight as buyers push price back up to aim for a test of the 200-hour moving average at $4,368 again. Keep below that and the near-term bias holds more bearish for now. But break back above, and there&#8217;s still some potential for buyers to keep an upside push going after having seen price action stall in recent weeks.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">In the bigger picture, the 100-day moving average at $4,381 is a key technical level in focus at the moment. Buyers have been unable to shake that off alongisde some technical resistance in and around the $4,400-35 region. There have been some attempts to get above the key levels mentioned but there hasn&#8217;t been any firm conviction to run away from that just yet.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">US-Iran tensions continue to keep things on edge and even on softer US data, the bond market isn&#8217;t all too convinced that the Fed can ignore the inflation fight for too long as such.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">So, those are still two key drivers that are holding gold prices back. In that lieu, we are seeing things hold within the technical cage with the battle lines drawn as per the above ranges. It&#8217;s now a question of which one will break before we get to see the next firm directional move in gold.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">\n<p>                            This article was written by Justin Low at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Gold is seeing a modest bounce back up in European morning trade, after falling to around $4,335 at the tail end of Asia trading. The past few hours is seeing gold push&hellip;<\/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-436540","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/436540","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=436540"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/436540\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=436540"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=436540"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=436540"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}