{"id":440541,"date":"2026-10-21T15:40:13","date_gmt":"2026-10-21T08:40:13","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/chart-of-the-day-gold-price-eyes-4100-support-as-4200-resistance-keeps-bulls-in-check-440541\/"},"modified":"2026-10-21T15:40:13","modified_gmt":"2026-10-21T08:40:13","slug":"chart-of-the-day-gold-price-eyes-4100-support-as-4200-resistance-keeps-bulls-in-check","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/chart-of-the-day-gold-price-eyes-4100-support-as-4200-resistance-keeps-bulls-in-check-440541\/","title":{"rendered":"Chart of the day: Gold price eyes $4,100 support as $4,200 resistance keeps bulls in check"},"content":{"rendered":"
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Gold continues to find itself on the defensive in the past few weeks, as the precious metal is unable to gather much reprieve from both a fundamental and technical perspective.<\/p>\n

On the former, the bond market continues to play a key role.\u00a0With 10-year Treasury yields hovering above 5%, the opportunity cost of holding a non-yielding asset like gold is rather difficult to ignore. And that angle currently outweighs the fact that gold has historically been a solid hedge against geopolitical and inflation risks.<\/p>\n

Meanwhile, the technicals are also reflecting that struggle quite clearly.\u00a0Looking at the 4-hour chart, sellers have repeatedly defended the $4,200-20 region since the start of October. The 100-period moving average (red line) has also consistently capped recovery attempts, with the latest rejection leaving gold hovering around $4,114 today.<\/p>\n

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The daily chart also tells a similar story with gold price action continue to hold below the key daily moving averages, keeping sellers in control:<\/p>\n

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The $4,200-20 region is the immediate hurdle to any upside push, while the $4,100-17 area is now the key support zone to watch.<\/p>\n

In other words, we are seeing a consolidation phase for gold price and one that has clear technical levels defining it.\u00a0That leaves us with two possible scenarios.<\/p>\n

For the bulls,\u00a0defending the $4,100-17 region is the first priority. But in looking to the upside, they need to muster a\u00a0convincing break above $4,200-20 first. Only then can the bulls start taking aim at the 100-day moving average at around $4,232 currently before looking to $4,300 next. As for catalysts, easing Treasury yields would certainly help alongside continued central bank demand for the precious metal in the bigger picture.<\/p>\n

For the bears, a firm break below $4,100 would expose the $4,000 psychological mark and potentially the July low near $3,960 as the next targets. As for catalysts, the very fact that 10-year Treasury yields continue to keep above 5% is a strong reason to keep broader markets on edge and put gold in a tight spot.<\/p>\n

But for now though,\u00a0the predicament is relatively straightforward. Gold price remains caught between $4,100-17 and $4,200-20 with there being neither enough conviction from safety hedge to offset the pressure from higher borrowing costs; vice versa.<\/p>\n

So until something gives way, it’s a bit of a waiting game.\u00a0Buyers have the $4,100-17 region to defend, while sellers are keeping a firm grip on the $4,200-20 area. But\u00a0with Treasury yields still elevated, I would argue that the burden remains on gold bulls to prove they can turn things around.<\/p>\n

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

Gold continues to find itself on the defensive in the past few weeks, as the precious metal is unable to gather much reprieve from both a fundamental and technical perspective. On the…<\/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-440541","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/440541","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=440541"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/440541\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=440541"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=440541"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=440541"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}