🟡 Gold (XAU/USD) Market Update — 4 Sep 2026
Gold is trading around $4,420–$4,430/oz after the U.S. jobs report triggered a sharp move lower.
Key levels:
🔴 Resistance: $4,450 → $4,500 → $4,530
🟢 Support: $4,400 → $4,350 → $4,280
Above $4,450: bullish momentum can target $4,500, then potentially $4,697.
Below $4,400: bearish pressure increases, with $4,350 and $4,280 becoming important.
Fundamental: August U.S. payrolls came in stronger than expected at 162,000, pushing Treasury yields and the dollar higher and increasing expectations of a September Fed rate hike. That is currently weighing on gold.
Scalping bias: ⚠️ Bearish below $4,450, but avoid chasing shorts around $4,400 support. A clean break/retest below $4,400 would strengthen the short setup.
$XAUT
Gold is trading around $4,420–$4,430/oz after the U.S. jobs report triggered a sharp move lower.
Key levels:
🔴 Resistance: $4,450 → $4,500 → $4,530
🟢 Support: $4,400 → $4,350 → $4,280
Above $4,450: bullish momentum can target $4,500, then potentially $4,697.
Below $4,400: bearish pressure increases, with $4,350 and $4,280 becoming important.
Fundamental: August U.S. payrolls came in stronger than expected at 162,000, pushing Treasury yields and the dollar higher and increasing expectations of a September Fed rate hike. That is currently weighing on gold.
Scalping bias: ⚠️ Bearish below $4,450, but avoid chasing shorts around $4,400 support. A clean break/retest below $4,400 would strengthen the short setup.
$XAUT