{"id":438655,"date":"2026-09-23T17:45:11","date_gmt":"2026-09-23T10:45:11","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/gold-falls-back-to-the-major-4300-support-ahead-of-key-us-data-as-traders-await-new-us-iran-developments-438655\/"},"modified":"2026-09-23T17:45:11","modified_gmt":"2026-09-23T10:45:11","slug":"gold-falls-back-to-the-major-4300-support-ahead-of-key-us-data-as-traders-await-new-us-iran-developments","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/gold-falls-back-to-the-major-4300-support-ahead-of-key-us-data-as-traders-await-new-us-iran-developments-438655\/","title":{"rendered":"Gold falls back to the major $4,300 support ahead of key US data as traders await new US-Iran developments"},"content":{"rendered":"
\n

FUNDAMENTAL
\n OVERVIEW<\/p>\n

\u00a0<\/p>\n

Gold rallied yesterday after a couple of reports strengthened expectations
\n of a de-escalation in the Middle East and potentially an earlier end to the conflict.
\n That contributed to push oil prices into new lows, easing inflation and rate
\n hike concerns. <\/p>\n

Unfortunately, Trump poured some cold water on those expectations
\n after he repeated that the US would make a deal with Iran after the November
\n elections. Treasury yields and the US dollar rose following his remarks and weighed
\n on gold. <\/p>\n

The focus remains
\n on US-Iran developments of course as oil prices have been the main driver of
\n inflation and interest rate expectations. Keep in mind that economic data will also
\n be important given the current market\u2019s pricing. <\/p>\n

When positioning and market expectations become stretched, even a modest
\n shift in the data can trigger a significant reversal. If US data starts
\n surprising to the downside, expectations for aggressive rate hikes will likely
\n be reduced, giving gold an additional boost. The first test will come today
\n with the Flash US PMIs. <\/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>(CFD contract) pulled all the
\n way back to the key support zone around the 4,300 level. We can expect the buyers
\n to step in around the support with a defined risk below it to position for a
\n rally into the 4,510 level. The sellers, on the other hand, will want to see
\n the price breaking lower to pile 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 have
\n a minor downward trendline defining the pullback into the support. If the price
\n bounces and moves into the trendline, we can expect the sellers to lean on it
\n with a defined risk above it to position for a break below the support. The
\n buyers, on the other hand, will want to see the price breaking higher to
\n increase the bullish bets into the 4,510 level next.<\/p>\n

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

On the 1 hour chart, there\u2019s
\n not much we can add here as the buyers will look for a long positions around
\n the support and on the break of the downward trendline, while the sellers will
\n wait for a break below the support or a pullback into the trendline to target
\n new lows. The red lines define the average daily range<\/a> for today. <\/p>\n

UPCOMING CATALYSTS<\/p>\n

Today<\/a>we
\n get the Flash US PMIs, while tomorrow we have the Trump-Xi meeting. The focus
\n will also remain on US-Iran developments.<\/p>\n

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

FUNDAMENTAL OVERVIEW \u00a0 Gold rallied yesterday after a couple of reports strengthened expectations of a de-escalation in the Middle East and potentially an earlier end to the conflict. That contributed to push…<\/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-438655","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/438655","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=438655"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/438655\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=438655"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=438655"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=438655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}