Gold Analysis – 04.Sep.2026
Gold Analysis: By analyzing the #Gold chart on the 6H timeframe, we can see that after the previous analysis, Gold first rallied toward $4510, but then faced a massive sell-off after the NFP release and dropped as low as $4366.
The U.S. added 162K jobs versus 56K expected, strengthening the Dollar and rate-hike expectations and putting heavy pressure on Gold.
Currently, Gold is trading around $4431. The key supply zone is $4460 – $4490, followed by $4500 – $4530. On the downside, the important demand areas are around $4360 – $4380 and then $4310 – $4330.
For now, unless Gold reclaims the nearby supply zone, another move toward $4400, $4380 and $4366 remains possible.
(This Post on TradingView)
Author : Arman Shaban
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