From October 20 to 22, by the banks of Shanghai's Huangpu River, the 2026 Sustainable Global Leaders Conference returns once more. Nobel and Turing Award winners will take the stage to discuss the future and trends of technology, and the internet-famous professor who "rescues" people from anxiety and the era of excessive competition, Macfarlane, will hold a live dialogue with Xiang Biao!
Limited seats, first come first served. Let us join together for the sustainable appointment! [Click to register] On October 19, US economic data this week is relatively light, but there are still several points worth watching. On Tuesday, September housing starts and building permits, as well as pending home sales data, will be released; on Thursday, weekly jobless claims will come out; these data will further test the resilience of the labor market and the confidence of businesses and consumers, thereby affecting market pricing of the Federal Reserve's path. Other matters to closely track include the evolution of the Middle East situation and this week's key economic data, seeking confirmation signals of direction amid uncertainty. On Monday (October 19), at the open, gold first squatted near 4163, then charged all the way to 4198, and just as it looked about to touch the 4200 threshold, it was pushed back again, and is now hovering in the 4170-4180 area. It can be said that bulls want to push higher, but there are sellers waiting above 4200; bears want to smash lower, but there are buyers catching below 4156. Neither side can devour the other, so they just wear each other down. At present, for the December Federal Reserve meeting, the probability of a 25 basis point rate hike is still 77.3%, the probability of a 50 basis point hike is 14.5%, and the chance of standing pat is only 8.2%. So the current situation is: tightening is not absent, it has been delayed. For gold, this is a very delicate signal — short-term breathing room, but a knife still hangs overhead in the medium term. This is also why the gold price rebound is so laborious. Also a reminder: the Federal Reserve has already entered its pre-meeting blackout period, and basically no official speeches will be heard this week. This means the news flow will temporarily "run out of food," and the market will be more easily led by data and oil prices. From a technical perspective, at the start of this week gold is also very likely to choose sideways oscillation. The hourly chart range has already appeared, and it can temporarily be seen as oscillating within the 4190-4150 range. If it breaks upward, then watch the pressure battle near 4200 and 4220; if it breaks downward, watch 4110-4100. This is basically similar to the daily-level expected points, so in gold operations early this week, short-term buy-low, sell-high tactics can be used to respond. For short-term trading, do not take a single-direction position for now, but the medium-term expectation still retains a bearish view, which is based on Federal Reserve rate hike expectations. In short, gold has now been oscillating for nearly a month, and this kind of market that neither goes up nor down has been explained many times, with bullish and bearish reasons intertwined. Therefore, the current market is short-term strong oscillation, direction undecided, and the operational approach is still mainly range-based, just do not bet on one side. The small range is 4140-4190, and the large range is 4100-4200. Therefore, for intraday operations, it is suggested: Gold: short at 4190-4185, stop loss 4200, target 4140-4120. Key financial data and events to watch today: Monday, October 19, 2026, 20:30 Canada September CPI month-on-month; 22:00 US October NAHB housing market index. Sina cooperative large platform futures account opening, safe, fast and guaranteed. Sina statement: This news is reprinted from Sina cooperative media. Sina.com publishes this article for the purpose of conveying more information and does not mean it agrees with its views or confirms its description. The article content is for reference only and does not constitute investment advice. Investors operating based on this bear their own risks.
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