News
7x24
Quotes
Economic Calendar
Video
Data
- Names
- Latest
- Prev.
Gold Bulls Eye Breakout as Price Consolidates Above Key Moving Averages
Commodity
Central Bank
Summary:
The price has shown a distinct upward reaction after approaching this zone. If this pattern of support holds true once more, it could trigger a new bullish impulse from this area.
Buy
TradingXAUUSD
EXP
4079.39
Entry Price
4180.00
TP
4000.00
SL
4135.05 +0.50 +0.01%
0
Point
Flat
4000.00
SL
CLOSING
4079.39
Entry Price
4180.00
TP
Recent U.S. labor data has sent mixed signals. September's Non-Farm Payrolls (NFP) increased by 119,000, comfortably surpassing the market expectation of a 50,000 increase. However, the August reading was sharply revised downward, showing a loss of 4,000 jobs instead of the previously reported gain of 22,000. The Unemployment Rate also ticked up to 4.4%, modestly above the 4.3% estimate, reaching its highest level in four years.
The U.S. Dollar Index (DXY), which measures the Dollar's value against a basket of six major currencies, is trading around 100.18. This sees the index hovering near its highest levels since August and revisiting territory last seen on November 5th, reflecting persistent strength in the Greenback.
Wage growth showed moderation, with Average Hourly Earnings rising 0.2% month-over-month (MoM) in September, falling slightly short of the 0.3% expectation and softer than the previous 0.4% rise. On an annual basis, wages expanded by 3.8%, matching the prior reading and marginally beating the 3.7% forecast. Meanwhile, Average Weekly Hours remained stable at 34.2, meeting expectations.
The latest labor market data from the U.S. continues to signal deceleration. The ADP report indicated that U.S. private payrolls recorded a weekly average decline of 2,500 in the four weeks leading up to November 1st, a notable improvement from the steeper 11,250 average loss observed in the preceding period. Separately, August Factory Orders expanded by 1.4% MoM, which met consensus estimates and successfully reversed the 1.3% contraction recorded in July.
Federal Reserve Governor Christopher Waller adopted a distinctly dovish tone on Tuesday, characterizing the U.S. labor market as "weak" and "near stalling speed." He suggested that the current restrictive policy appears to be dampening economic activity and reiterated his view that a 25 basis point (bps) rate cut at the December 9-10 meeting would provide "additional assurance" for the stability of the labor market.
Commentary from other Federal Reserve officials remains highly divergent. Vice Chair Philip Jefferson offered cautious, slightly dovish remarks on Monday, acknowledging growing risks to employment. Conversely, Kansas City Fed President Jeffery Schmid argued that the current policy stance is "moderately restrictive," which he deems appropriate to counter demand growth. St. Louis Fed President Alberto Musalem suggested that rates are now closer to neutral than restrictive, emphasizing the limited scope for easing without risking an overly accommodative stance. In contrast, the Fed's Thomas Barkin offered a more balanced evaluation, noting that "it's hard to declare victory on either mandate" and acknowledging that while the labor market is weakening, it may not weaken much further.
Technical Analysis
Gold (XAU/USD) has entered a clear phase of consolidation following two exceptionally strong bullish impulses. Price action has recently found decisive support near the 200-period Moving Average (MA) on the 4-hour chart, currently located at $4,080, while the 100-period MA sits just below at $4,054.
The price has shown a distinct upward reaction after approaching this zone. If this pattern of support holds true once more, it could trigger a new bullish impulse from this area. Crucially, a key ascending trendline aligns very closely with these moving average levels, adding significant technical pressure for a rally from this support cluster.
The Relative Strength Index (RSI) is currently stable at the 49 level, indicating neutral sentiment. The price is also forming a symmetrical triangle pattern that is visibly tightening, suggesting a breakout could be imminent in either direction. Given the prevailing technical factors—specifically the trendline and MA support confluence—bullish positions are favored. Should the price push upward and break the descending trendline resistance of the triangle, it would pave the way for a more extended move higher. However, a breakdown below the ascending trendline support would signal a deeper bearish correction.
Trading Recommendations
Trading direction: Buy
Entry price: 4078
Target price: 4180
Stop loss: 4000
Validity: Dec 03, 2025 15:00:00
Risk Warnings and Investment Disclaimers
You understand and acknowledge that there is a high degree of risk involved in trading with strategies. Following any strategies or investment methodologies is the potential for loss. The content on the site is being provided by our contributors and analysts for information purposes only. You alone are solely responsible for determining whether any trading assets, or securities, or strategy, or any other product is suitable for you based on your investment objectives and financial situation.
Quick Access to 7x24
Quick Access to More Editor-selected Real-time News
Exclusive video for free
FastBull project team is dedicated to create exclusive videos
Real-time Quotes
View more faster market quotes
More comprehensive macro data and economic indicators
Members have access to entire historical data, guests can only view the last 4 years
Member-only Database
Comprehensive forex, commodity, and equity market data
English
English
العربية
繁體中文
简体中文
Bahasa Melayu
Bahasa Indonesia
ภาษาไทย
Tiếng Việt
Copyright © 2025 FastBull Ltd
Home News Columns 7x24 Economic Calendar Quotes Video Data WarehouseAnalysis AI Signal Pro User Agreement Privacy Policy About Us
Risk Disclosure
The risk of loss in trading financial assets such as stocks, FX, commodities, futures, bonds, ETFs or crypto can be substantial. You may sustain a total loss of the funds that you deposit with your broker. Therefore, you should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.
No consideration to invest should be made without thoroughly conduct your own due diligence, or consult with your financial advisors. Our web content might not suit you, since we have not known your financial condition and investment needs. It is possible that our financial information might have latency or contains inaccuracy, so you should be fully responsible for any of your transactions and investment decisions. The company will not be responsible for your capital lost.
Without getting the permission from the website, you are not allow to copy the website graphics, texts, or trade marks. Intellectual property rights in the content or data incorporated into this website belongs to its providers and exchange merchants.