Gold

Key insight

4,441 is the key battle: reclaim it on volume to invalidate the Bearish Pennant and open 4,510–4,576; failure targets 4,255. Sep 5 NFP is the binary catalyst.

4,426 holds above Bearish Pennant breakout at 4,441 — weaker USD and oil surge keep floor intact; 52-week high at 5,597 confirms structural uptrend.

Main risk

Bearish Pennant Breakout at 4,441

Breakdown confirmed at 4,441.34 with Gravestone Doji; pattern projects to 4,254.97 if Sep 5 NFP prints hot and DXY rebounds.