A 5% rebound in gold prices may stall without softer oil, lower yields, and signs of peak Fed hawkishness, analysts warn.
Gold has recovered roughly 5% as easing US-Iran tensions reduced oil-driven inflation and rate shock concerns. The rebound may lose momentum ahead of this week’s FOMC meeting, with further gains requiring clearer macro easing signals.
Key resistance levels are identified at 4,394, 4,450, and 4,580, while support sits at 4,200 and 4,024. Analysts note that sustained upside depends on softer oil prices, lower yields, and evidence that Fed hawkish repricing has peaked.
Without these catalysts, recent gains could remain corrective, leaving gold vulnerable to pullbacks near-term.