Beyond the headlines, much of the market follows the price of gold through key technical support and resistance levels. According to a recent analysis from IG, the market was watching support levels around $4,311, $4,300 and $4,200, with the 50-session moving average sitting between $4,100 and $4,146, and resistance near $4,450.

Levels like these are no guarantee of anything — price can break through them at any moment — but they serve as a reference for the zones where the market has historically reacted.

It's precisely this approach — identifying zones where price tends to react, instead of trading every movement — that PhoenixWave 23 follows when generating its XAUUSD signals.

This article is for informational purposes only and does not constitute financial advice or an investment recommendation.

Sources: https://www.ig.com/uk/trading-strategies/gold-price-forecast-2026–how-fed-rate-cut-bets-are-moving-xau-u-260817