Market Analysis:

Gold experienced a volatile movement today. Last night, gold staged an extreme reversal, reaching as high as 5100 before plunging directly down, making the market feel like a roller coaster ride.
What ignited this wave of volatility was a better-than-expected Non-Farm Payrolls report. The data released far exceeded market expectations, marking the largest increase since April 2025, with the unemployment rate dropping to 4.3%. The strong labor market led the market to reduce expectations of Fed rate cuts.
However, on a night dominated by hawkish signals, gold prices remained steady as a rock. Is this due to a loosening of the obsession with rate cuts, or are new undercurrents emerging?
Today’s Market Analysis:
Yesterday, gold formed a P-shaped volume distribution pattern on each trading session. Attention should be paid to the POC and the low-volume zone at the bottom. This morning, at the bottom around 5048, the price was tested once and then rebounded. This reduces the reliability of this support level.
Above, the POC at 5084 has the potential to act as resistance. This level corresponds to a price where the market has spent a relatively long time, making it a consensus zone. The price may revisit this area for trading, so it’s a key zone to watch.
Based on GC’s tick-by-tick data and volume profile, the bottom area is a short covering zone for bears, while the POC above represents the cost area for bears. These two levels are thus very important. Please consider your own strategies or indicators before making decisions.
The above reflects personal opinions only and is for reference. Trading involves risks.
Please adjust your actual operations flexibly according to real-time market conditions and implement proper risk management.
Thank you for watching. If you like it, please follow us. Updates are posted daily.