Key facts
- XAU/USD live price: $4,118.72
- XAU/USD day change: −1.08%
- XAU/USD month change: −6.52%
- XAU/USD RSI 14 (1d): 38
- XAU/USD nearest support (4h swing low): $4,107.19
Gold is pulling back as bond yields firm and traders position for the FOMC Minutes.
XAU/USD trades at $4,118.72, down −1.08% on the day and −6.52% over the month, slipping below its short-term moving averages. The move follows a bond selloff that had pressured gold, with price now testing nearby support. Traders may be waiting on the FOMC Minutes and US jobless claims data for clearer direction.
Gold falls back toward $4,118.72 after a brief rebound above $4,150
XAU/USD is down −1.08% on the day and −6.52% over the month. The pullback follows a renewed bond market selloff that offset an earlier dip in yields.
Price now trades below its EMA 9, EMA 20, EMA 50 and SMA 50.
Bond yields turning higher again are weighing on gold's momentum
Yields had eased, helping gold rise above $4,150, but a fresh selloff in bonds has reversed that move. RSI 14 at 38 points to softening momentum.
This EMA alignment is often read as technically bearish.
Traders may watch the FOMC Minutes and jobless claims data this week
The FOMC Minutes land Wed 7 Oct 18:00 UTC, followed by US jobless claims data Thu 8 Oct 12:30 UTC. Both could shift rate expectations.
Whether gold holds its nearest support near $4,107.19 may also be in focus.
The chart right now
- Resistance: $4,166.13
- Support: $4,110.87
What to watch
- FOMC Minutes, Wed 7 Oct 18:00 UTC: could reshape rate expectations, which may influence gold's direction either way.
- Whether XAU/USD holds above $4,107.19: this nearest support level could be tested if selling pressure continues.
- US jobless claims data, Thu 8 Oct 12:30 UTC: could shift Fed rate bets and ripple through gold pricing.
Educational information only. Not investment advice. Trading involves risk of loss.