The Daily Gold Trading Report for October 23, 2026 puts spot gold near $4,004 after an overnight drop to the $4,000 area. Price sits below the 20-hour and 50-hour moving averages, and the report rates the bias as bearish, while the hourly RSI at 14.7 is deeply oversold, which is why the test of $4,000 produced a bounce. Key support is listed at $3,987 and $3,980, with resistance at $4,030, and the June lows near $3,950 are flagged as the next level to watch. The Fed is in its pre-meeting blackout ahead of the October 27 to 28 FOMC, with markets pricing a December hike at 88 to 90% on CME FedWatch and the 10-year Treasury yield near 5.00%. Brent touched $111.99, a five-month high, while the dollar index held near 101.6.
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Related tickers and likely impact
XAU/USD
• NeutralRelevance: low
| Market | Gold |
|---|---|
| Close on 10/23/2026 | 3,995.78 |
| Change that session | -0.72% |
PAXG/USDT
• NeutralPAX Gold
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $1.8B |
| Close on 10/23/2026 | 4,003.77 |
| Change that session | -0.80% |
XAUT/USDT
• NeutralTether Gold
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $3.4B |
| Close on 10/23/2026 | 3,994.18 |
| Change that session | -0.89% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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