Spot gold traded around $4,131.61/oz on Oct. 5, down roughly 0.3%, while the U.S. dollar gained about 0.6%. December U.S. gold futures were near $4,159.30.
Markets now price only around an 18% chance of another Fed rate hike in October after weaker U.S. employment data, limiting some of the pressure on gold.
INTERPRETATION: $XAUT is caught between a stronger dollar and softer Fed expectations.
🟢 Bull: Gold reclaims $4,160 and buyers regain momentum.
🔴 Bear: A clean break below $4,100 could strengthen downside pressure.
Does gold reclaim $4,160 next, or is another drop below $4,100 coming?
XAUT
4,141.06
+0.01%