Hello traders! Gold (XAU/USD) pulled back on Thursday (04/09/2025) as investors took profits after its record-breaking rally, with focus now shifting to the upcoming US jobs report for fresh signals on the Fed’s policy path. Spot gold closed down 0.3% at $3,547.68/oz—is this a buying dip or a reversal? Let’s dive in and uncover trading setups! 💰
Fundamental Analysis: What’s Behind Gold’s Dip & Potential Rebound? 🌟
Profit-Taking Post-Record: Gold eased after hitting an all-time high of $3,578.50/oz on 03/09, driven by weak job openings data that bolstered rate cut bets and ongoing uncertainty fueling safe-haven demand. 📉
US Jobs Report Looms: Set for release tomorrow (05/09), this key report follows early-session data showing US jobless claims rising more than expected last week, signaling a softening labor market.
Fed Signals & Rate Cut Buzz: Several Fed officials on 03/09 highlighted labor market concerns, reinforcing confidence in rate cuts. Markets now see a 98% chance of a 0.25% rate cut this month, per CME FedWatch. As a non-yielding asset, gold thrives in low-rate and uncertain environments! 🏦
Fed Drama Heats Up: Trump’s attempt to fire Fed Governor Lisa Cook has sparked a serious legal challenge, raising fresh concerns about Fed independence. Coupled with tariff tensions (Trump’s appealing to the Supreme Court after two lower court losses), this is eroding USD asset confidence and boosting gold demand.
Bullish Outlook: Standard Chartered predicts further gains, citing persistent tariff uncertainty and Fed independence fears as key safe-haven drivers.
Technical Analysis: Consolidation Before Big Data—Buy Dips or Wait? 📉
Gold has been trading in an uptrend channel, with early-session accumulation. After a strong Asian session push, it hit the 356x OB zone and dropped quickly. The European session may see sideways action, awaiting tonight’s critical data. If gold holds the channel, bulls could take charge—watch for breakouts!
Key Resistance: 3560 - 3576 - 3586
Key Support: 3540 - 3526 - 3500 - 3490 - 3476
Trading Opportunities:
Sell Scalp: 3558 - 3560
SL: 3564
TP: 3555 - 3545 - 3535
Sell Zone: 3576 - 3578
SL: 3587
TP: 3568 - 3558 - 3548 - 3538
Buy Scalp: 3526 - 3524
SL: 3520
TP: 3529 - 3539 - 3549
Buy Zone: 3500 - 3498
SL: 3490
TP: 3508 - 3518 - 3518 - 3538
Gold’s in consolidation mode, but the jobs report could trigger a breakout—manage risk tightly! If it holds above supports, bulls may push for new highs post-data. 📊💡
#Gold #XAUUSD #Fed #USJobs #TradingView #MarketUpdate #Forex #Investing #TechnicalAnalysis #GoldTrading #Finance #Crypto
Fundamental Analysis: What’s Behind Gold’s Dip & Potential Rebound? 🌟
Profit-Taking Post-Record: Gold eased after hitting an all-time high of $3,578.50/oz on 03/09, driven by weak job openings data that bolstered rate cut bets and ongoing uncertainty fueling safe-haven demand. 📉
US Jobs Report Looms: Set for release tomorrow (05/09), this key report follows early-session data showing US jobless claims rising more than expected last week, signaling a softening labor market.
Fed Signals & Rate Cut Buzz: Several Fed officials on 03/09 highlighted labor market concerns, reinforcing confidence in rate cuts. Markets now see a 98% chance of a 0.25% rate cut this month, per CME FedWatch. As a non-yielding asset, gold thrives in low-rate and uncertain environments! 🏦
Fed Drama Heats Up: Trump’s attempt to fire Fed Governor Lisa Cook has sparked a serious legal challenge, raising fresh concerns about Fed independence. Coupled with tariff tensions (Trump’s appealing to the Supreme Court after two lower court losses), this is eroding USD asset confidence and boosting gold demand.
Bullish Outlook: Standard Chartered predicts further gains, citing persistent tariff uncertainty and Fed independence fears as key safe-haven drivers.
Technical Analysis: Consolidation Before Big Data—Buy Dips or Wait? 📉
Gold has been trading in an uptrend channel, with early-session accumulation. After a strong Asian session push, it hit the 356x OB zone and dropped quickly. The European session may see sideways action, awaiting tonight’s critical data. If gold holds the channel, bulls could take charge—watch for breakouts!
Key Resistance: 3560 - 3576 - 3586
Key Support: 3540 - 3526 - 3500 - 3490 - 3476
Trading Opportunities:
Sell Scalp: 3558 - 3560
SL: 3564
TP: 3555 - 3545 - 3535
Sell Zone: 3576 - 3578
SL: 3587
TP: 3568 - 3558 - 3548 - 3538
Buy Scalp: 3526 - 3524
SL: 3520
TP: 3529 - 3539 - 3549
Buy Zone: 3500 - 3498
SL: 3490
TP: 3508 - 3518 - 3518 - 3538
Gold’s in consolidation mode, but the jobs report could trigger a breakout—manage risk tightly! If it holds above supports, bulls may push for new highs post-data. 📊💡
#Gold #XAUUSD #Fed #USJobs #TradingView #MarketUpdate #Forex #Investing #TechnicalAnalysis #GoldTrading #Finance #Crypto
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🔥 Ready to Elevate Your Trading Game?
t.me/+1aSqbdspbEdkYjU9
✅ Dive into in-depth technical & fundamental analysis
✅ Master risk management tips to safeguard your capital
📩 Join our TradingView community now!
t.me/+1aSqbdspbEdkYjU9
t.me/+1aSqbdspbEdkYjU9
✅ Dive into in-depth technical & fundamental analysis
✅ Master risk management tips to safeguard your capital
📩 Join our TradingView community now!
t.me/+1aSqbdspbEdkYjU9
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.