{"id":439675,"date":"2026-10-08T14:20:23","date_gmt":"2026-10-08T07:20:23","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/gold-hunts-stops-under-4110-support-and-rebounds-the-bias-remains-neutral-bearish-as-oil-rises-439675\/"},"modified":"2026-10-08T14:20:23","modified_gmt":"2026-10-08T07:20:23","slug":"gold-hunts-stops-under-4110-support-and-rebounds-the-bias-remains-neutral-bearish-as-oil-rises","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/gold-hunts-stops-under-4110-support-and-rebounds-the-bias-remains-neutral-bearish-as-oil-rises-439675\/","title":{"rendered":"Gold ‘hunts’ stops under $4,110 support and rebounds: The bias remains neutral\/bearish as oil rises"},"content":{"rendered":"
\n

FUNDAMENTAL
\n OVERVIEW<\/p>\n

\u00a0<\/p>\n

Gold briefly spiked below the 4,110 support yesterday, although there
\n was no clear catalyst behind the move. It may have simply been a case of stops
\n being triggered after the price pierced the support level. Nevertheless, the
\n losses were quickly erased, and gold is now trading back above 4,110.<\/p>\n

The bias remains neutral to bearish given the lack of any meaningful
\n improvement in the fundamental picture. Gold could come under renewed pressure
\n in the coming days as oil prices have been steadily rising following reports
\n from The Atlantic that the White House asked the Pentagon to develop military
\n options for strikes against Iranian targets, potentially before the midterm
\n elections.<\/p>\n

Moreover, the Pentagon has reportedly instructed the US Central Command
\n (CENTCOM) to complete preparations for potentially resuming major combat
\n operations, according to Axios.<\/p>\n

No final decision has been made yet, but the renewed escalation risks
\n are supporting the oil market again. If this continues, Treasury yields could
\n extend their gains while rate hike expectations strengthen further.<\/p>\n

If the situation does not de-escalate soon, we could see another flush
\n lower in gold. However, if the Fed continues to sound more dovish than markets,
\n real yields could decline and provide a floor under gold prices.<\/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<\/a>(CFD contract) is still
\n consolidating near the lows. If we get a pullback into the major downward
\n trendline, we can expect the sellers to lean on the trendline, with a defined
\n risk above it, to position for a drop into the 3,885 level. The buyers, on the
\n other hand, will want to see the price breaking higher to pile in for a rally
\n into the 4,700 level next, with the 4,400 level as the first target. <\/p>\n

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

On the 4 hour chart, we can
\n see that yesterday the price probed below the weekly low but eventually erased
\n all the losses. From a risk management perspective, the sellers will have a
\n better risk to reward setup around the trendline to keep targeting new lows,
\n while the buyers will need a break higher to start targeting the 4,400 level
\n next. <\/p>\n

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

On the 1 hour chart, we can
\n see more clearly the spike to the downside yesterday which might have been
\n caused by stops getting hit after the break of the 4,110 support. The buyers
\n will likely continue to lean on the 4,110 support to keep targeting a pullback
\n into the trendline, while the sellers will look for a break to pile in for a
\n drop into the 3,885 level next. The red lines define the average daily range<\/a> for today.<\/p>\n

UPCOMING CATALYSTS<\/p>\n

Today<\/a>we
\n have Fed\u2019s Waller speaking and the latest US Jobless Claims figures. Tomorrow,
\n we conclude the week with the University of Michigan Consumer Sentiment survey.<\/p>\n

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

FUNDAMENTAL OVERVIEW \u00a0 Gold briefly spiked below the 4,110 support yesterday, although there was no clear catalyst behind the move. It may have simply been a case of stops being triggered after…<\/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-439675","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/439675","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=439675"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/439675\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=439675"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=439675"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=439675"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}