PCE Inflation Data

Gold recovered from Monday’s low, but the bounce remains constrained by a firm Dollar Index, elevated yields and persistent expectations for an October Federal Reserve rate increase. Technical traders are watching whether XAUUSD can reclaim broken resistance or whether a move below Monday’s low restarts the downtrend.

Gold is undergoing its first meaningful pullback since bottoming mid-year, with traders watching whether spot prices can reclaim $4,400. Gold miners remain a standout area, as recent consolidation may be forming bull flag patterns after powerful rallies from mid-year lows.

Gold has climbed to a three-month high as U.S. dollar weakness and haven demand support the precious metals complex. Technical traders are watching whether gold can clear the $4,800-$5,000 resistance zone while silver attempts to break above $72.

The Nasdaq-100 recovered on Friday as market breadth improved, but technology remained restrained by pressure from the long end of the Treasury curve. Bitcoin reached its highest level since late May, while Robinhood, Coinbase and Strategy rallied sharply as crypto momentum strengthened.