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Iran Strikes Crack Gold's Floor at $4,396

Monday, August 31, 2026

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โš”๏ธ XAU ALERTS
Iran Strikes Crack Gold's Floor at $4,396

Monday, August 31, 2026

U.S. strikes on Iranian rocket launchers triggered the first Middle East escalation in over a month. Oil spiked, inflation fears followed, but gold sold off hard. rate-hike bets above 70% for December are the real anchor on price. DXY sits at 99.53, weaker on the day, but not weak enough to save bulls.

๐Ÿ“‰ Daily Bias: Bearish
๐Ÿ”ด Key Resistance: $4,475
๐ŸŸข Key Support: $4,396

NFP week starts now. JOLTS Tuesday, ADP Wednesday, and the big jobs print Friday will decide if gold holds or breaks.

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XAUalerts ยท ยฉ 2026 ยท Not financial advice