Bond yields continue their sharp rise as traders bet on a quick reflation scenario. One of the major victims is Gold – there is a strong negative correlation between yields and Gold prices as we were showing at the last weekly webinar. Gold prices were underpinned by $1765 level for a while but a surge in yields eventually was too much and now we can see prices moving towards the lower limit of a channel with still plenty of room and horizontal $1680 level along the way. Do notice how 50 and 75 LWMAs now work as a resistances – another sign of a possible trend reversal.

3 markets to watch next week (25.09.2026)
Oil slides 3.5% π Iran emphasizes its strong position in negotiations with the U.S.
Economic Calendar: Trump-Xi summit yields no breakthrough (25.09.2026)
Morning Wrap: Oil pulls back following reports of Washington-Tehran talks (25.09.2026)