{"id":440835,"date":"2026-10-26T17:00:59","date_gmt":"2026-10-26T10:00:59","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/gold-could-rebound-in-the-near-term-as-growth-and-us-strikes-fears-subside-eyes-on-the-fomc-next-440835\/"},"modified":"2026-10-26T17:00:59","modified_gmt":"2026-10-26T10:00:59","slug":"gold-could-rebound-in-the-near-term-as-growth-and-us-strikes-fears-subside-eyes-on-the-fomc-next","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/gold-could-rebound-in-the-near-term-as-growth-and-us-strikes-fears-subside-eyes-on-the-fomc-next-440835\/","title":{"rendered":"Gold could rebound in the near-term as growth and US strikes fears subside; eyes on the FOMC next"},"content":{"rendered":"
\n

Gold extended the losses on the Friday as the US PMIs
\n came out better than expected and quelled growth concerns for the time being. Expectations
\n of potential US strikes on Iran over the weekend have also weighed on the
\n precious metal but eventually proved to be wrong.<\/p>\n

The downside in the final part of last week seemed to be driven mainly by liquidations to cover losses in the stock market, much like what we\u2019ve seen in 2025. Real yields, which are the ultimate driver of gold prices, actually fell so we could see a pullback in the short-term despite the fundamentals still weighing on the precious metals.\u00a0<\/p>\n

In the bigger picture, nothing has changed as the Middle
\n East crisis continues to put upward pressure on inflation while being a drag on
\n global growth. The focus this week will be on the FOMC decision on Wednesday
\n and the developments in the Middle East. <\/p>\n

The Fed is widely
\n expected to keep interest rates unchanged, so a surprise rate hike would trigger
\n a strong selloff in gold. We won\u2019t get the Dot Plot at this meeting, so the
\n attention will be mostly on Fed Chair Warsh. Given his reluctance to provide
\n forward guidance, I don’t expect him to say much, but traders will keep an eye
\n for any hawkish surprise. \u00a0<\/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 approaching
\n the key support zone around the 3,885 level where we have also a major upward
\n trendline for confluence. If the price gets there, we can expect the buyers to
\n step in, with a defined risk below the trendline, to position for a rally into
\n new record highs. The sellers, on the other hand, will look for a break lower
\n to increase the bearish bets 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 can
\n see that the bearish momentum has waned. If we get a pullback into the 4,070
\n resistance, we can expect the sellers to step in there, with a defined risk
\n above the resistance, to keep targeting the 3,885 support. The buyers, on the
\n other hand, will want to see the price breaking higher to extend the pullback
\n into the downward trendline next.<\/p>\n

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

On the 1 hour chart, we
\n have a minor support zone around the 3,980 level where the price got rejected
\n from several times. The sellers will want to see the price breaking lower to increase
\n the bearish bets into the 3,885 level, while the buyers will likely step in
\n there again, with a defined risk below the support, to target a pullback into
\n the 4,070 resistance. The red lines define the average daily range<\/a> for today.<\/p>\n

UPCOMING CATALYSTS<\/p>\n

Tomorrow<\/a>we
\n get the US Consumer Confidence report. On Wednesday, we have the FOMC rate
\n decision. On Thursday, we get the US GDP report, the US PCE and the latest US
\n Jobless Claims figures. On Friday, we conclude the week with the US Employment
\n Cost Index.<\/p>\n

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

Gold extended the losses on the Friday as the US PMIs came out better than expected and quelled growth concerns for the time being. Expectations of potential US strikes on Iran over…<\/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-440835","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/440835","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=440835"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/440835\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=440835"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=440835"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=440835"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}