Market Analysis
NAS100 midweek: index holds 30300 after soft start, 2026-09-28
NAS100 sits at 30334.37 on Wednesday, down 234.70 points from Monday's open, with the week's range still set by Monday's 30617.83 high and 30079.80 low.
3 min readAs of Wednesday's close, XAUUSD trades at 4391.09. That marks a gain of roughly 58 dollars from Monday's open at 4332.69. The week's high so far is 4434.98, printed Tuesday, and the low is 4313.32, set early Monday. Price pushed above 4400 on Monday, faded back through Tuesday's session, and is now working higher again inside that range.
The tone this week has been shaped by expectations around the July US CPI report. Goldman chief economist Hatzius said he expects a benign print, and that view has kept a floor under gold as traders position for softer inflation. Separately, a headline that the largest private gold holder, Tether, is giving vault users weeks to exit added a layer of supply chatter, though the market's reaction has stayed muted relative to the CPI focus.
The July CPI release is the event the back half of the week hinges on. If the print lands soft and confirms the benign call, gold has room to retest this week's high near 4434 and a soft dollar would keep buyers in control. If CPI surprises hot, the 4366 area from Wednesday's low becomes the first test, and a break below opens the door back toward Monday's 4313 low. Watch the reaction rather than the number in isolation.
As of Wednesday, LHFX client positioning shows 56.2 percent long against 43.8 percent short. That is a modest long lean, not a crowded one. It tells you consensus midweek is tilted toward more upside without conviction strong enough to call the move stretched.
The 4400 round number is the pivot in play right now. Hold above it and Tuesday's 4434 high is the next reference. Lose it and Wednesday's 4366 low is the level bulls need to defend. Silver traders can watch Silver for confirmation of any broad metals move. You can follow both levels live on our platform once you open an account with LHFX.
Byline: LHFX Research
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