{"id":439017,"date":"2026-09-29T15:00:29","date_gmt":"2026-09-29T08:00:29","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/gold-selloff-pauses-as-us-iran-talks-revive-deal-hopes-what-to-watch-next-439017\/"},"modified":"2026-09-29T15:00:29","modified_gmt":"2026-09-29T08:00:29","slug":"gold-selloff-pauses-as-us-iran-talks-revive-deal-hopes-what-to-watch-next","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/gold-selloff-pauses-as-us-iran-talks-revive-deal-hopes-what-to-watch-next-439017\/","title":{"rendered":"Gold selloff pauses as US-Iran talks revive deal hopes. What to watch next?"},"content":{"rendered":"
\n

FUNDAMENTAL
\n OVERVIEW<\/p>\n

\u00a0<\/p>\n

Gold sold off hard yesterday after Trump on Saturday rejected the Iranian proposal to reopen the Strait of
\n Hormuz and told reporters that he expected to resume bombing Iran after the
\n midterms<\/a>.<\/p>\n

Things were
\n looking very bleak, but we started to get some positive headlines during the American
\n session pointing to possible US concessions. <\/p>\n

According
\n to Axios<\/a>, Trump reportedly offered Iran sanctions relief and access to
\n frozen funds in exchange for progress on nuclear program, but the US President
\n later denied such reports. <\/p>\n

He did confirm
\n though that the American and Iranian negotiators are engaged in talks through
\n mediators. Iranian Foreign Minister Araghchi said he expected a formal answer
\n on Tuesday to Tehran’s proposal to open the Strait of Hormuz. <\/p>\n

The focus will therefore remain on US-Iran
\n headlines today. A breakthrough would be positive for gold in the short-term as
\n the aggressive rate hike bets will likely get pared back. A negative outcome,
\n on the other hand, will likely continue to weigh on the precious metal.<\/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) collapsed yesterday
\n after Trump rejected the Iranian proposal to reopen the Strait of Hormuz over
\n the weekend. All else being equal, the next natural target should be the 3,885
\n level where we will also find a major upward trendline. If the price gets
\n there, we can expect the buyers to step in with a defined risk below the upward
\n trendline to position for a rally into new record highs. The sellers, on the
\n other hand, will look for a break to extend the drop into the 3,500 level next.<\/p>\n

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

On the 4 hour chart, we
\n have a downward trendline defining the bearish structure. If the price pulls
\n back into the trendline, we can expect the sellers to lean on it, with a
\n defined risk above it, to keep targeting the 3,885 level. The buyers, on the
\n other hand, will want to see the price breaking higher to position for a
\n correction into the 4,500 level next.<\/p>\n

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

On the 1 hour chart, we can
\n see the strong bearish momentum has finally waned and the price action seems to
\n be pointing to a short-term pullback. We now have a counter-trendline defining
\n the start of the pullback. The buyers will likely continue to lean on this
\n trendline, with a defined risk below it, to keep targeting a move into the
\n downward trendline. The sellers, on the other hand, will want to see the price
\n breaking lower to pile in for a drop into the 3,885 level next. The red lines
\n define the average daily range<\/a> for today.<\/p>\n

UPCOMING CATALYSTS<\/p>\n

Today<\/a>, we get the US
\n Consumer Confidence report and the US Job Openings data. Tomorrow, we have the
\n US ADP and the US PCE price index. On Thursday, we get the US ISM Manufacturing
\n PMI and the latest US Jobless Claims figures. On Friday, we conclude the week
\n with the US NFP report. The focus, though, will remain mostly 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 sold off hard yesterday after Trump on Saturday rejected the Iranian proposal to reopen the Strait of Hormuz and told reporters that he expected to resume bombing Iran…<\/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-439017","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/439017","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=439017"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/439017\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=439017"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=439017"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=439017"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}