{"id":438425,"date":"2026-09-21T15:16:41","date_gmt":"2026-09-21T08:16:41","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/gold-xau-usd-analysis-consolidation-ahead-of-key-talks-on-the-iran-war-at-the-un-general-assembly-438425\/"},"modified":"2026-09-21T15:16:41","modified_gmt":"2026-09-21T08:16:41","slug":"gold-xau-usd-analysis-consolidation-ahead-of-key-talks-on-the-iran-war-at-the-un-general-assembly","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/gold-xau-usd-analysis-consolidation-ahead-of-key-talks-on-the-iran-war-at-the-un-general-assembly-438425\/","title":{"rendered":"Gold (XAU\/USD) analysis: Consolidation ahead of key talks on the Iran war at the UN General Assembly"},"content":{"rendered":"
\n

FUNDAMENTAL
\n OVERVIEW<\/p>\n

\u00a0<\/p>\n

Gold has been supported since the FOMC decision as the market has faded
\n the hawkish overreaction. In fact, the Fed projected a less hawkish
\n path for interest rates than the market was pricing<\/a> and Fed Chair Warsh
\n mostly repeated the points from his Jackson Hole speech.<\/p>\n

Moreover, the recent fall in oil prices amid expectations of a potential
\n de-escalation has helped ease inflation and rate hike concerns somewhat.<\/p>\n

The market\u2019s focus is now on tomorrow\u2019s UN General Assembly, as Trump
\n called a meeting with Gulf leaders on the sidelines to discuss the next steps
\n in the war with Iran. The Iranian delegation was also allowed to participate in
\n the Assembly, so there will likely be a meeting between Trump and Iranian
\n President Pezeshkian.<\/p>\n

Keep in mind that a de-escalation would send oil prices lower, further
\n easing inflation and rate hike concerns and ultimately supporting gold.<\/p>\n

Economic data will also be important given the current market\u2019s pricing.
\n When positioning and market expectations become stretched, even a modest shift
\n in the data can trigger a significant reversal. If US data starts surprising to
\n the downside, expectations for aggressive rate hikes will likely be reduced,
\n giving gold an additional boost.<\/p>\n

\u00a0<\/p>\n

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

On the daily chart, we can
\n see gold<\/a>rebounded strongly from the
\n key 4,300 support but got rejected around the 4,400 level. If the price pulls all
\n the way back to the support, we can expect the buyers to step in there with a
\n defined risk below the support to position for a rally into the 4,510 level.
\n The sellers, on the other hand, will want to see the price breaking lower to pile
\n in for a drop into the 3,885 level next.<\/p>\n

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

On the 4 hour chart, we can
\n see the price is breaking above the downward trendline that was defining the
\n bearish structure. We can expect the buyers to pile in around these levels with
\n a defined risk below the most recent swing low at 4,334 to keep pushing into
\n the 4,510 level. The sellers, on the other hand, will need the price to break
\n below the 4,334 level to start targeting a break below the major 4,300 support.\n <\/p>\n

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

On the 1 hour chart, we
\n have a minor downward trendline defining the bearish momentum. If we get a
\n pullback, the sellers will likely lean on the trendline with a defined risk
\n above it to keep pushing into new lows. The buyers, on the other hand, will
\n look for a break higher to increase the bullish bets into the 4,510 level next.
\n The red lines define the average daily range<\/a> for today. <\/p>\n

UPCOMING CATALYSTS<\/p>\n

Tomorrow<\/a>, we have Trump meeting
\n with Gulf leaders and potentially with Iran\u2019s President at the UN General
\n Assembly. On Wednesday, we get the Flash US PMIs. On Thursday, we have the
\n Trump-Xi meeting.<\/p>\n

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

FUNDAMENTAL OVERVIEW \u00a0 Gold has been supported since the FOMC decision as the market has faded the hawkish overreaction. In fact, the Fed projected a less hawkish path for interest rates than…<\/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-438425","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/438425","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=438425"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/438425\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=438425"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=438425"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=438425"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}