{"id":78720,"date":"2025-09-22T11:46:10","date_gmt":"2025-09-22T11:46:10","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/78720\/"},"modified":"2025-09-22T11:46:10","modified_gmt":"2025-09-22T11:46:10","slug":"gold-hits-a-new-all-time-high-but-the-upcoming-us-data-could-trigger-a-pullback","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/78720\/","title":{"rendered":"Gold hits a new all-time high but the upcoming US data could trigger a pullback"},"content":{"rendered":"

Fundamental
\nOverview<\/strong><\/p>\n

Gold managed to push into
\nyet another all-time high today. This bullish momentum has been building since
\nFriday. The market continues to run by inertia as we haven\u2019t got any strong
\nnegative catalyst.<\/p>\n

Nonetheless, the Fed didn\u2019t
\nmatch the very dovish rate path priced in by the market and that could mean
\nthat strong US data could trigger a hawkish repricing in interest rates
\nexpectations, especially considering the current divergence between the market
\npricing and the Fed\u2019s forecast. <\/p>\n

This in turn could offer a
\npullback which would be similar to what happened last year. In the bigger
\npicture though, gold should remain in an uptrend as real yields will likely
\ncontinue to fall amid the Fed\u2019s dovish reaction function. In the short-term, hawkish
\nrepricing in interest rates expectations will likely keep on triggering corrections.<\/p>\n

Gold
\nTechnical Analysis \u2013 Daily Timeframe<\/strong><\/p>\n

Gold daily<\/p>\n

On the daily chart, we can
\nsee that gold managed to set yet another all-time high today. From a risk
\nmanagement perspective, the buyers will have a better risk to reward setup around
\nthe major trendline<\/a>, while the sellers will look for a
\nbreak lower to extend the drop into the 3,120 level next. Such a big correction
\nmight happen if we get strong US data that triggers a hawkish repricing in
\ninterest rates expectations.<\/p>\n

Gold Technical Analysis
\n\u2013 4 hour Timeframe<\/strong><\/p>\n

Gold 4 hour<\/p>\n

On the 4 hour chart, we can
\nsee that the price bounced from the minor upward trendline around the 3,630
\nlevel. The buyers will likely continue to lean on the trendline to keep pushing
\ninto new highs, while the sellers will look for a break lower to pile in for a
\ndrop into the major trendline.<\/p>\n

Gold Technical Analysis
\n\u2013 1 hour Timeframe<\/strong><\/p>\n

Gold 1 hour<\/p>\n

On the 1 hour chart, we can
\nsee that we have the top trendline around the 3,723 level that could act as
\nresistance. The sellers will likely step in around these levels with a defined
\nrisk above the trendline to position for a pullback into the minor upward trendline.
\nThe buyers, on the other hand, will want to see the price breaking higher to
\nincrease the bullish bets into new highs, although it might not happen today
\ngiven that the price is already trading near the top of the average daily range<\/a> for today.<\/p>\n

Upcoming
\nCatalysts<\/strong><\/p>\n

Tomorrow<\/a> we have the US Flash PMIs and Fed
\nChair Powell speaking. On Thursday, we get the latest US Jobless Claims figures.
\nOn Friday, we conclude the week with the US PCE report. <\/p>\n","protected":false},"excerpt":{"rendered":"Fundamental Overview Gold managed to push into yet another all-time high today. This bullish momentum has been building…\n","protected":false},"author":2,"featured_media":78721,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[175],"tags":[79,18,1742,53054,19,17,188],"class_list":{"0":"post-78720","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-business","9":"tag-eire","10":"tag-gold","11":"tag-gold-technical-analysis","12":"tag-ie","13":"tag-ireland","14":"tag-markets"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/78720","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=78720"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/78720\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/78721"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=78720"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=78720"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=78720"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}