YLG Bullion International Company Limited issued its gold price trend analysis report for October 7, 2026, stating that yesterday gold set a new low around $4,104 before rebounding strongly through $4,170, clearly reducing the bearish outlook. For today, if the pullback does not break below the $4,125 to $4,104 range, it is seen as a decline ahead of further gains, but the price must break through $4,226 to confirm an upward trend. The report recommends opening long positions when the price pulls back without breaking the aforementioned range, cutting losses on long positions if it falls below $4,104, and taking profits if the price fails to break through $4,184 to $4,226. On key factors, gold closed up $24.40 yesterday after the 10-year US bond yield eased from its highest level in more than 20 years, while the dollar weakened from its highest level in a year, supporting gold buying. The market cut the probability of a Fed rate hike in October to just 22% after September employment came in weaker than expected, but still assigns an 84% chance that the Fed will raise rates in December. Meanwhile, oil prices declined as Middle East oil exports remained strong and the G7 released oil from emergency reserves, helping ease supply and inflation concerns, an additional positive factor for gold.
Gold supported as the 10-year US Treasury yield eased from a 20-year high, the dollar weakened from a one-year high, and weaker September employment cut the odds of an October Fed rate hike.
