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Iran Strikes Fuel Gold's Revenge Run to $4,017

Friday, July 17, 2026

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⚔️ XAU ALERTS
Iran Strikes Fuel Gold's Revenge Run to $4,017

Friday, July 17, 2026

Gold ripped $41 higher as US-Iran strikes enter day six, pushing oil sharply higher and reigniting safe-haven bids. The DXY holds near 100.7 but stalls - soft CPI and PPI this week gutted July rate-hike odds and left September on a knife edge at roughly 50-50. Bulls broke back above $4,000 but price is now pressing into a key resistance shelf and the Friday tape is unforgiving.

📉 Daily Bias: Bearish
🔴 Key Resistance: $4,025
🟢 Key Support: $3,960

University of Michigan Inflation Expectations print today - a hot number kills this bounce cold.

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