XAUUSD Hourly Analysis: Gold Holds Above $4,100 Into US Jobs Report

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  • Price: XAUUSD near $4,114, day range $4,058-$4,147, up about 1.3% on the day.
  • Trend: Bullish while holding above $4,100; next test $4,133-$4,147.
  • Support: $4,100 / $4,058 / $4,000
  • Resistance: $4,133 / $4,147 / $4,155
  • Fundamental: Weaker US dollar and lower 10-year Treasury yield near 4.88% after the Democratic midterm sweep; markets eye Friday's US jobs report and December Fed expectations.
  • Geopolitical: Midterm result eased fears of further escalation in the Iran conflict, pushing oil lower and supporting gold's safe-haven appeal.
  • Outlook: Steady above $4,100 into payrolls; a break above $4,147 could open $4,155, while losing $4,100 risks a pullback toward $4,058.

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


@Mr_Charlie_007

XAUUSD Hourly Analysis: Gold Holds Above $4,100 Into US Jobs Report


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