Safe-haven demand strengthens amid weak U.S. data.
Key Highlights
- Gold extends rally toward $4,150 on Fed-cut speculation.
- U.S. Dollar weakness fuels safe-haven interest.
- Tech-sector rotation boosts alternative assets.
Market Overview
Gold advanced for a third straight day, holding near $4,125 as soft labor data reinforced expectations for Fed easing.
The weaker dollar allowed bullion to reclaim resistance despite mixed equity performance.
Dow Jones strength versus Nasdaq weakness signaled a rotation toward defensive assets, often supportive of gold.
Markets now await Fed speeches for confirmation of a dovish bias.
Technical Outlook
- Stochastic easing from overbought — a healthy pause within trend.
- Price stays above 20-period MA, keeping structure bullish.
- Break above $4,185 opens the way to $4,253.
Key Levels
| Resistance | Support |
|---|---|
| 4185.83 / 4253.01 | 4046.97 / 3969.54 |
Fremora Takeaway
Gold remains constructive while above $4,046. A dovish tone from Fed speakers could propel prices beyond $4,200, while hawkish remarks may trigger brief consolidation.
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