Here is the English translation of the technical and news analysis for gold:
Here is the technical and news analysis for Gold prices (XAU/USD) for today, Monday, October 26, 2026:
1. General Overview and Price Action
Current Price: Spot Gold is trading near $3,990 – $4,008 per ounce.
Context: The yellow metal is attempting to consolidate and reclaim the psychological barrier at $4,000 following sharp declines last week (down nearly 4%, marking its steepest weekly loss since June).
2. Key Fundamental Drivers
Awaiting the Federal Reserve Meeting: Caution and anticipation prevail among investors as a major central bank meeting week begins (led by the US Federal Reserve and the Bank of Japan) to determine the trajectory of interest rates and monetary policy.
Dollar Movements and Bond Yields: The stability of bond yields and the US dollar acts as an obstacle to a swift, strong gold rally, while regional geopolitical tensions provide underlying background support for safe-haven assets.
3. Expected Scenarios
Bullish Scenario: Holding trades above $3,963 gives gold an opportunity to retest $4,030, followed by $4,130. Confirmation of this trend relies on dovish signals from the US Federal Reserve regarding interest rates.
Bearish Scenario: If gold comes under selling pressure and breaks below the $3,963 support level, the downward corrective move could extend toward $3,900 and potentially $3,801 per ounce.
