# Gold Approaches 3970 Support

> Gold nears 3970 but bottom remains unconfirmed as Fed tightening risks persist.
- Title: Gold Approaches 3970 Support · TradingView | Shortify
- Summary: Gold nears 3970 but bottom remains unconfirmed as Fed tightening risks persist. Gold approaches 3970 support but bottom not confirmed; Fed rate hold expected…
- Keywords: gold, 3970, federal reserve, fed, treasury yields, dxy, central banks, world gold council, technical analysis, bearish trend, short term trend, market support
- Source: TradingView — https://tradingview.com/chart/XAUUSD/yRAWEmGI-Gold-Approaches-Major-Support-Bottom-Still-Not-Confirmed
- Published: 2026-10-25T12:31:26+00:00
- Read time: 1 min
- Topics: gold, 3970, federal reserve, fed, treasury yields, dxy, central banks, world gold council, technical analysis, bearish trend, short term trend, market support
## Gold Approaches Major Support
Gold has reached the vicinity of its previous major bottom around 3970.
## Trend Hierarchy
Secular trend: Bullish; intermediate trend: Bearish correction; short-term trend: Bearish.
## Market Structure
Gold broke below 4090 support and moved toward 3970, a key previous low.
## Momentum Context
Daily RSI approaches lower range but no confirmed bullish divergence or reversal signal.
## Fundamental Context
Gold fell below $4000 as higher oil prices revived inflation concerns and Fed rate hold expected at 3.75-4.00% in October.
## Outlook
3970 may provide interim support but bottom not confirmed; break below could extend correction to 3627.
## Key takeaway

Gold approaches 3970 support but bottom not confirmed; Fed rate hold expected at 3.75-4.00% in October.