TRENDING:

UoM Consumer Sentiment

Oil price

Gold technical analysis: The important signal traders need to know [Video]

Jason Sen DayTradeIdeas.co.uk

Gold

Gold has barely moved this week, holding a range of only $120 & we are trading less than $35 above Sunday's open as I write.

Shorts at 4140 - 4150 worked perfectly with a high for the day at 4143 before we hit both targets of 4115 & 4105.

Another perfect trade for this week.

Right now we are testing minor resistance at 4170/4175.

A break above 4185 should be a buy signal targeting 4195/99 & even 4210/15 is possible.

Shorts at minor resistance at 4170/4175 can target 4145/40 for profit taking but below 4135 risks a slide to 4115 & 4105.

On a move below 4100 we could retest this week's low at 4070/4066.

If we continue lower look 4045 and even 4020 is possible eventually.

Author

Jason Sen

DayTradeIdeas.co.uk

Jason Sen began his career in the options pits on the trading floor of LIFFE in 1987 at the age of 19, making markets on his own account. In 2001 when the trading floor closed he successfully made the transition to day trading on computer screens.

AUD/USD bulls regain control above 0.6950 amid USD retreat

AUD/USD regains traction and extends the previous day's bounce from the weekly low, aiming for 0.7000 in Asia on Friday. The overnight pullback in US bond yields keeps the US Dollar below an 18-month high, which in turn offers some support to the pair. Meanwhile, hawkish RBA expectations also keep the major underpinned.

USD/JPY holds gains near 158.00 after Japan's weak Household Spending data

USD/JPY clings to gains around 158.00 after data showed on Friday that Japan's Household Spending fell for the ninth straight month, undermining the Japanese Yen. Meanwhile, the US Dollar remains depressed as the overnight fall in US bond yields counters a hawkish Fed and geopolitical uncertainties, could cap any downside in the pair.

Gold retakes $4,200 amid pre-US CPI repositioning

Gold holds firm, revisiting $4,200 on Friday, extending recovery from two-month lows. US Dollar eases in tandem with Oil prices and Treasury yields, awaiting US sentiment data. The tide seems to be turning in favor of Gold, but the daily RSI is still bearish.

Ethereum activates Glamsterdam on Sepolia testnet: Why the price is falling anyway

Ethereum (ETH) has reached a key milestone in its next major network upgrade. The planned changes aim to improve Ethereum’s Layer 1 capacity and efficiency as network activity grows. The development comes as ETH retreats toward $2,500, highlighting the contrast between the network’s long-term technical progress and its short-term market weakness.

Canada Unemployment Rate expected to rise to 6.5% as US tariffs test labor market

Statistics Canada will release its September Labour Force Survey on Friday, with markets anticipating a modest recovery in employment following August's sharp decline. The report takes on particular importance as it will be the first to fully reflect the impact of new United States tariffs that took effect on August 22.

The UK 30-year gilt just hit a 1998 high. Is that good or bad for the British Pound?

The yield on the UK's 30-year government bond, or gilt, went through 6% on October 1 for the first time since early 1998, and on Monday the Pound was at its strongest against the Euro since June 2025. The gilt market's 28-year high is mostly someone else's. Since early May, the 30-year gilt yield has risen about 0.15 of a percentage point and the US 30-year about 0.7.

Gold technical analysis: The important signal traders need to know [Video]

Gold

Broker Reviews

Week ahead – US CPI, France’s budget crisis and Q3 earnings to set the market tone

US Dollar Index Elliott Wave chart

French bond yields retreat from 'above 5%', Fed rate expectations could offer 'upside support'

Bailey calls for 'unwavering commitment' to inflation target, gilt sell-off could

Gold technical analysis: The important signal traders need to know [Video]

USD/JPY – Ready for the next upside wave? [Video]

Editor's Picks

AUD/USD bulls regain control above 0.6950 amid USD retreat

USD/JPY holds gains near 158.00 after Japan's weak Household Spending data

Gold retakes $4,200 amid pre-US CPI repositioning

Ethereum activates Glamsterdam on Sepolia testnet: Why the price is falling anyway

Canada Unemployment Rate expected to rise to 6.5% as US tariffs test labor market

The UK 30-year gilt just hit a 1998 high. Is that good or bad for the British Pound?

Best Brokers in 2026

Gold

Legal Text

Editor's Picks

Best Brokers in 2026