# Precious Metals Opportunities in the Context of the Fed Leadership Change

The Federal Reserve will welcome a new chair in 2026, and the market generally bets that the new leadership team will adopt a more moderate policy stance. Once the policy tone shifts to easing, the upward cycle for safe-haven assets like gold could be significantly extended—this is a notable signal for precious metals investors.

## Yesterday’s Market Review

Gold prices were sharply pulled back after falling to 4428 yesterday. After rebounding from the low point, intraday gains exceeded 1.03%, with a high of 4497. Currently, gold has stabilized above the 4490 level, which is a critical point—it has become the new support line. If prices continue to fall below, they are likely to find strong buying interest in the 4480-4485 range, which was an important confirmation level during the previous breakout.

## Technical Analysis

From the 1-hour chart, the pattern of consecutive bullish candles is very clear, with the bulls not giving the bears any breathing room. The pullback has been compressed significantly, indicating strong buying momentum. If support at 4480-4485 holds, the bulls are likely to target the 4500 round number next. Once above 4500, there is room to move towards 4510-4520.

## Trading Strategy

**Bullish Approach**: Enter long positions lightly in the 4490-4495 range, aiming for 4500-4530.

**Stop-Loss Strategy**: If 4500 faces resistance instead of breaking through, consider opening short positions lightly at 4500, with stops placed at 4480-4460.

Overall, the macro environment is favorable for precious metals, but short-term trading should focus on key support and resistance levels from a technical perspective.