Have Fed Rate Hike Headwinds Been Priced In? Gold Rebounds Strongly Toward $4,400, Poised for a New Rally - TradingKey

AI desk brief

Spot gold rebounded sharply to $4,399.75 on Sept. 18 after the Fed’s widely expected 25bp hike, recovering nearly $150 from the post-decision low near $4,235. The move was supported by short covering, a softer US dollar, lower Treasury yields, and easing inflation concerns as oil weakened.

Near term, TradingKey flags $4,400–$4,440 as the key resistance band; a sustained break above $4,440 opens $4,500–$4,510, while $4,700 is cited as the level needed to restore the medium- to long-term bullish trend toward $5,000.