Gold gains almost 3% trying to reverse the trend

Gold is posting strong gains today, with falling U.S. Treasury yields following a much weaker-than-expected U.S. Nonfarm Payrolls (NFP) report providing a significant boost to sentiment across the precious metals market. Friday's session is delivering another strong bullish impulse for gold prices.

GOLD chart (D1 timeframe)

Gold climbed to around $4,350 per ounce today, where it is testing the 200-day Exponential Moving Average (EMA200, red line). From a technical perspective, this is a key resistance level that is often viewed as the line separating a long-term bullish trend from a bearish one. If gold closes today's session above the EMA200, it would mark the first daily close above this indicator since June 4. The metal has already rebounded more than 10% from its recent local low, although it still trades roughly 20% below its all-time high of $5,600 per ounce. The next major resistance levels are located around $4,700 and the psychological $5,000 per ounce mark. On the downside, the $4,100 area remains an important support zone, having recently served as the starting point for the latest strong upward move.

Source: xStation5

7 August 2026, 3:07 PM

US OPEN: Shallow rebound in the shadow of a weak labor market

7 August 2026, 12:22 PM

Market Wrap: Tech lifts Europe to new record highs! Metals keep rallying despite stagnant USD (07.08.2026)

7 August 2026, 10:44 AM

Chart of the Day: What will drive the US stock market? (07.08.2026)

7 August 2026, 9:49 AM

🔼 Silver surges 4%

Commodities

Cookie name	Description
SERVERID
userBranchSymbol	Expiration date 1 day
test_cookie	Expiration date 1 hour
adobe_unique_id	Expiration date 364 days
__hssc	Expiration date 1 hour
SESSID	Expiration date 1 day
__cf_bm	Expiration date 1 hour
intercom-id-iojaybix	Expiration date 270 days
intercom-session-iojaybix	Expiration date 6 days
xtbCookiesSettings	Expiration date 364 days
TS5b68a4e1027
countryIsoCode
xtbLanguageSettings	Expiration date 364 days
userPreviousBranchSymbol	Expiration date 364 days
intercom-device-id-iojaybix	Expiration date 270 days
__cfruid
_cfuvid

Cookie name	Description
_gid	Expiration date 1 day
_gat_UA-98728395-1	Expiration date 1 hour
_gat_UA-121192761-1	Expiration date 1 hour
_gcl_au	Expiration date 89 days
_ga_CBPL72L2EC	Expiration date 729 days
_ga	Expiration date 729 days
__hstc	Expiration date 179 days
__hssrc
_vwo_uuid_v2	Expiration date 365 days
_ga_TC79BEJ20L	Expiration date 729 days
_vwo_uuid	Expiration date 365 days
_vwo_ds	Expiration date 29 days
_vwo_sn	Expiration date 1 hour
_vis_opt_s	Expiration date 99 days
_vis_opt_test_cookie
af_id	Expiration date 394 days
afUserId	Expiration date 730 days
AF_SYNC	Expiration date 6 days
AnalyticsSyncHistory	Expiration date 29 days

Cookie name	Description
MUID	Expiration date 389 days
_omappvp	Expiration date 3998 days
_omappvs	Expiration date 1 hour
_uetsid	Expiration date 1 day
_uetvid	Expiration date 389 days
_fbp	Expiration date 89 days
fr	Expiration date 89 days
_ttp	Expiration date 89 days
_tt_enable_cookie	Expiration date 89 days
hubspotutk	Expiration date 179 days
IDE	Expiration date 389 days
YSC
VISITOR_INFO1_LIVE	Expiration date 179 days
li_sugr	Expiration date 89 days
guest_id_marketing	Expiration date 729 days
guest_id_ads	Expiration date 729 days
guest_id	Expiration date 729 days
muc_ads	Expiration date 729 days
VISITOR_PRIVACY_METADATA	Expiration date 179 days
MSPTC	Expiration date 389 days

Cookie name	Description
bcookie	Expiration date 364 days
lidc	Expiration date 1 day
UserMatchHistory	Expiration date 29 days
bscookie	Expiration date 364 days
li_gc	Expiration date 179 days
personalization_id	Expiration date 729 days