U.S. Market Support and Resistance Levels Updated on August 10: Support and Resistance Levels for 18 Instruments (Gold, Silver, Platinum, Palladium, Crude Oil, Natural Gas, Copper, and the Top 10 Currency Pairs)

Support and resistance levels as of the U.S. market close on August 10 for gold, silver, platinum, palladium, crude oil, natural gas, copper (commodities), as well as the U.S. Dollar Index and major currency pairs: EUR, GBP, JPY, CHF, AUD, CAD, and NZD.

FX678 FinanceAug 10 21:35

‘Gold bugs’ haven’t exited the market: Gold bulls await a shift in bond markets as bullish bets heat up

Weak nonfarm payrolls, stagnant 10-year U.S. Treasury yields, a retreating dollar—and an unexpected catalyst: Chinese retail investors are snapping up domestic gold ETFs. Is gold’s rebound truly underway?

Golden10 DataAug 10 10:35

August 10 Financial Morning Brief: Weak Nonfarm Payrolls Dampen Rate Hike Expectations; Gold Holds Steady Near 4,350; Iran Rejects Direct Talks with U.S., Risk Premium Supports Oil Prices

During early Asian trading hours on Monday (Beijing time, August 10), spot gold traded near USD 4,346 per ounce, as unexpectedly weak U.S. nonfarm payroll data for July dampened expectations of a Federal Reserve rate hike, thereby supporting gold prices. U.S. crude oil edged slightly higher, trading around USD 78.73 per barrel, as Iran rejected direct negotiations with the U.S. and stipulated five conditions that Washington must meet to reopen the Strait of Hormuz, boosting risk premiums. Market focus during the session turned to equities, following Friday’s gains on Wall Street: the S&P 500 closed at a record high, with the Dow Jones Industrial Average rising 0.28% to 54,036.93 points and the S&P 500 advancing 0.62% to 7,757.64.

FX678 FinanceAug 10 07:28

Rising oil prices fuel inflation, while weakening employment data dampens rate hike expectations—gold benefits from both sides.

Geopolitical tensions caused oil price volatility, fueling inflation expectations and boosting gold’s appeal as a safe-haven and store-of-value asset. Meanwhile, the unexpectedly weak U.S. nonfarm payrolls report for July dealt a sharp blow to interest rate hike expectations, driving both Treasury yields and the U.S. dollar lower. The combined effect of these two forces propelled gold to its best weekly performance in seven months. Additionally, ETF buying interest has concurrently rebounded—with global gold ETF holdings increasing by approximately 24 tonnes since July 20.

wallstreetcnAug 8 17:15

Gold surges $300 in three days! A short squeeze unfolds, and the rally may be far from over—UBS Group calls for $5,000 an ounce by next year.

Previously, many CTA trend-following funds maintained short positions in gold. Now, as gold prices have broken through key levels, CTAs are cutting losses and turning net long. Meanwhile, a significant amount of speculative gold capital missed the current rally and may be forced to chase higher prices in the near term, potentially fueling a second wave of gains. UBS Group notes that declining U.S. Treasury yields, a medium-term weakening of the U.S. dollar, and sustained central bank gold purchases will drive gold prices to USD 5,000 by the first half of 2027.

wallstreetcnAug 7 22:50

August 7 U.S. Market Update: Support and Resistance Levels for 18 Instruments (Gold, Silver, Platinum, Palladium, Crude Oil, Natural Gas, Copper, and Ten Major Currency Pairs)

Support and resistance levels as of the U.S. market update on August 7 for gold, silver, platinum, palladium, crude oil, natural gas, copper (commodities), as well as the U.S. Dollar Index and major currency pairs: EUR, GBP, JPY, CHF, AUD, CAD, and NZD.

FX678 FinanceAug 7 21:28