ForexSan
21/09/2026
Gold prices are trading with a slight negative bias this Monday, as dynamic pressure from a strengthening US dollar and rising Treasury yields dampens demand for the non-yielding asset. Despite strong safe-haven interest over the weekend, the dominant market force is the expectation of prolonged tight monetary policy.
The "higher for longer" interest rate mantra is currently exerting the most influence. Recent commentary from Federal Reserve officials has cooled hopes for near-term rate cuts, boosting the greenback and making gold more expensive for international buyers. The market is now looking forward to upcoming economic data for clarity on the next move.
Technical Outlook:
As visualized in our analysis image (image_2.png), we are seeing the direct effect of 'US Yield Pressure' on Gold. The immediate technical focus remains on the $4,340–$4,350 demand zone, highlighted in our previous updates. A clean break below this support could expose Gold to a deeper correction. Conversely, if the zone holds, it may provide the launchpad for a retest of the $4,380 resistance.
(Always prioritize risk management and wait for proper lower-timeframe confirmations before making trading decisions!)
