{"id":439838,"date":"2026-10-12T16:00:08","date_gmt":"2026-10-12T09:00:08","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/gold-rebounds-on-easing-geopolitical-tensions-and-stalls-eyes-on-us-cpi-as-the-next-key-catalyst-439838\/"},"modified":"2026-10-12T16:00:08","modified_gmt":"2026-10-12T09:00:08","slug":"gold-rebounds-on-easing-geopolitical-tensions-and-stalls-eyes-on-us-cpi-as-the-next-key-catalyst","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/gold-rebounds-on-easing-geopolitical-tensions-and-stalls-eyes-on-us-cpi-as-the-next-key-catalyst-439838\/","title":{"rendered":"Gold rebounds on easing geopolitical tensions and stalls: eyes on US CPI as the next key catalyst"},"content":{"rendered":"
\n

FUNDAMENTAL
\n OVERVIEW<\/p>\n

\u00a0<\/p>\n

Gold rebounded strongly in the final part of last week after Trump ruled
\n out strikes on Iran before the November elections and added that they\u2019ve been
\n having productive discussions. The news triggered a relief rally in gold as Treasury
\n yields and the US dollar pulled back. <\/p>\n

Over the weekend, Iran said that the US’s response to its proposal to
\n reopen the Strait of Hormuz was insufficient. Tehran had outlined seven
\n conditions for restoring normal maritime passage within seven days and said
\n some points remained unresolved. The negotiations to resolve the difference are
\n still ongoing.<\/p>\n

Looking ahead, the focus will be on US-Iran developments and the US CPI
\n on Wednesday. A hotter than expected core reading could raise the probabilities
\n for a Fed rate hike in October, putting downward pressure on gold. A soft
\n report, on the other hand, will likely ease rate hike concerns further and
\n provide another boost to 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 that gold<\/a>(CFD contract) is trading near
\n a downward trendline. The sellers will likely step in around the trendline,
\n with a defined risk above it, to position for a drop into the 3,885 level. The
\n buyers, on the other hand, will want to see the price breaking higher to pile
\n in for a rally into the 4,700 level next, with the 4,500 level as the first
\n target.<\/p>\n

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

On the 4 hour chart, we have
\n a minor upward trendline defining the recent pullback. If the price falls back into
\n the trendline, we can expect the buyers to lean on it, with a defined risk below
\n it, to target a break above the downward trendline and extend the rally into
\n the 4,400 level next. The sellers, on the other hand, will want to see the
\n price breaking below the downward trendline to pile in for a drop into the
\n 3,885 level. <\/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 be better off waiting for the price
\n to pull back into the upward trendline or break above the downward one, while
\n the sellers will look for short opportunities around the downward trendline or
\n on the break of the upward one. The red lines define the average daily range<\/a> for today.<\/p>\n

UPCOMING CATALYSTS<\/p>\n

On
\n Wednesday<\/a> we have the US CPI report. On Thursday, we get the US PPI, the US
\n Retail Sales and the latest US Jobless Claims figures. <\/p>\n

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

FUNDAMENTAL OVERVIEW \u00a0 Gold rebounded strongly in the final part of last week after Trump ruled out strikes on Iran before the November elections and added that they\u2019ve been having productive discussions.…<\/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-439838","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/439838","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=439838"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/439838\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=439838"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=439838"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=439838"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}