Gold

Bullish

Archived analysis from Sep 2, 2026, 8:58 PM

Key insight

4,387 claws back post-Warsh losses — a close above 4,420 resistance would signal the dip is fully bought and opens 4,500+; failure re-exposes 4,300.

Bouncing +1.35% to 4,387 after a 9% flush from 4,697 high; central bank record buying (289t in Q2) provides structural floor above 4,300 pivot.

Main risk

Fed Sep rate hike (66% probability)

66% CME FedWatch probability of a 25bp hike this month; confirmation crushes real-yield support and revives USD, capping gold below 4,420.

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