Gold

Bullish

Archived analysis from Sep 1, 2026, 3:34 AM

Key insight

4,437 consolidates below ATH — dip buyers active above 4,400 round support; a daily close above 4,480 prior swing resistance re-opens the 4,550 extension target.

Holds above $4,400 round number after four-figure all-time highs; real yields still suppressed, central bank demand structural, USD softness via EUR/USD at 1.1609 all underpin the trend.

Main risk

USD/JPY Reversal & Real Yield Spike

USD/JPY at 159.8 — a sharp JPY rebound driven by BoJ tightening would lift real yields and pressure gold below 4,350 pivot.

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