Gold prices are slipping slightly ahead of remarks from
Jerome Powell, but the metal continues to hold above the $4,181 support zone.
With expectations high for a rate cut, traders are looking for clarity on the Federal Reserve outlook for 2026.
A recent slump in U.S. government bonds has dampened risk appetite, as concerns grow about the pace of future monetary easing.
Lower interest rates generally support non-yielding assets such as gold, so Powell’s tone will be critical for short-term direction.
Technical Analysis
Gold is currently in a corrective movement toward 4181, where buyers may attempt to re-enter.
A bullish recovery is favored while the price remains above 4198.
Above 4198: bullish momentum continues toward 4218,
and a breakout above this level opens the way toward 4237.
Below 4198: bearish pressure strengthens toward 4181.
A clean break below 4180 would activate a deeper bearish trend, likely targeting the broader support zone near 4152.
Pivot Line: 4198
Resistance: 4218 · 4237
Support: 4181 · 4152
Jerome Powell, but the metal continues to hold above the $4,181 support zone.
With expectations high for a rate cut, traders are looking for clarity on the Federal Reserve outlook for 2026.
A recent slump in U.S. government bonds has dampened risk appetite, as concerns grow about the pace of future monetary easing.
Lower interest rates generally support non-yielding assets such as gold, so Powell’s tone will be critical for short-term direction.
Technical Analysis
Gold is currently in a corrective movement toward 4181, where buyers may attempt to re-enter.
A bullish recovery is favored while the price remains above 4198.
Above 4198: bullish momentum continues toward 4218,
and a breakout above this level opens the way toward 4237.
Below 4198: bearish pressure strengthens toward 4181.
A clean break below 4180 would activate a deeper bearish trend, likely targeting the broader support zone near 4152.
Pivot Line: 4198
Resistance: 4218 · 4237
Support: 4181 · 4152
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.