Tue, 28 Apr 2026 08:03:46 +0000
theresident, gold, trading

Gold's Tuesday Flush: 4,650 Buckles Ahead of FOMC
Spot ripped through both daily and weekly S1 in a single overnight tape, pulling gold 3.6% lower from 4,828.80 to a 4,636.50 print that now sits inside the daily S2/S3 corridor. The driver looks more dollar-mechanical than yield-mechanical — 10y is up just 4bp while DXY caught a 0.54% bid on reported US-Iran de-escalation chatter. Lower-timeframe oscillators are stretched into capitulation…