XAUUSD Hourly Analysis: Gold Holds Above $4,100 at Two-Week High

XAUUSD Hourly Analysis: Gold Holds Above $4,100 at Two-Week High

• Price: ~$4,125, day range $4,058–$4,147, up ~1.6%

• Trend: Bullish momentum — second straight day of gains, reclaiming $4,000

• Support: $4,058 / $4,000 | Resistance: $4,147 / $4,155

• Fundamental driver: Weaker US dollar and lower 10-year Treasury yields (~4.85%) after the US midterm results; Fed December hike odds still near 80%, with US jobs data due Friday

• Geopolitical driver: Post-midterm uncertainty easing and softer oil prices easing inflation worries

• Outlook: Positive while gold holds above $4,000; watch Friday's US jobs report for the next move

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Disclaimer: This analysis is for education and information only, not financial advice.

@Mr_Charlie_007