GC Week Ahead WC 9th November 2026
GC Weekly Ahead WC 9th November 2026
Prepared Sunday 8 November 2026. GC continuous futures, 30-minute bars, RTHRegular trading hours. The official opening and closing time... More 08:20–13:30 ET, Globex day rolls 18:00 ET; volume at price approximated by spreading each bar's volume across its range, value area More 70%; MONTHLY figures from hourly bars.
Week Ahead Economic Events – CPI Week
All times ET.
Open a day for its events.
Sunday 8 November2 events · 1 high impact · China CPI and PPI (October 2026)
| Time | F | Event | I | Actual | Forecast | Previous |
|---|---|---|---|---|---|---|
| 18:50 | BoJ October market operations and monetary-base data; Japan international reserves (Oct 31) | – | – | – | ||
| 20:30 | China CPI and PPI (October 2026) | – | – | – |
Monday 9 November12 events · 0 high impact
| Time | F | Event | I | Actual | Forecast | Previous |
|---|---|---|---|---|---|---|
| All day | Treasury bill auctions: 6-week, 13-week and 26-week bills | – | – | – | ||
| All day | COMEX Gold Weekly Monday Option (G2MX26) last trade/expiration | – | – | – | ||
| 08:40 | Fed Vice Chair for Supervision Michelle Bowman discussion: Community Banking | – | – | – | ||
| 10:00 | New York Fed Survey of Consumer Expectations (October): 1-year inflation expectations | – | – | 3.9% (September, median 1-year-ahead expectation) | ||
| 10:00 | Wholesale Trade: September 2026 inventories and sales | – | – | – | ||
| 10:00 | Chicago Fed President Austan Goolsbee speaks | – | – | – | ||
| 11:15 | Richmond Fed President Thomas Barkin speaks | – | – | – | ||
| 12:25 | BoE Governor Andrew Bailey speaks at Swiss Institute of International Studies lecture series (17:25 GMT) | – | – | – | ||
| 13:00 | U.S. Treasury 3-year note auction ($58bn; maturity Nov 15, 2029) | – | – | – | ||
| 13:00 | Federal Reserve Commercial Paper release | – | – | – | ||
| 16:15 | Federal Reserve H.10 foreign exchange rates and H.15 selected interest rates | – | – | – | ||
| 18:50 | Japan balance of payments (September), trade statistics (first 20 days of October) and securities transactions; BoJ Summary of Opinions (Oct 29-30 policy meeting) | – | – | – |
Tuesday 10 November17 events · 5 high impact · Russia-Ukraine-U.S. peace talks begin in Abu Dhabi (Nov 10-11); Fed Governor Christopher Waller speaks: Economic Outlook (Bank of England and its Watchers Conference); CPI (October): headline and core; BLS will not publish year-over-year rates because October 2025 data were not collected
| Time | F | Event | I | Actual | Forecast | Previous |
|---|---|---|---|---|---|---|
| All day | Russia-Ukraine-U.S. peace talks begin in Abu Dhabi (Nov 10-11) | – | – | – | ||
| All day | COMEX Gold Weekly Tuesday Option (G2TX26) last trade/expiration | – | – | – | ||
| All day | Japan household expenditure (September; Q3 2026), release date per Statistics Bureau; time not specified | – | – | – | ||
| 04:00 | Fed Governor Christopher Waller speaks: Economic Outlook (Bank of England and its Watchers Conference) | – | – | – | ||
| 06:00 | NFIB Small Business Optimism (October) | – | 97.7 | 97.9 | ||
| 07:30 | BoE Deputy Governor Clare Lombardelli speaks at Bank Watchers Conference (12:30 GMT) | – | – | – | ||
| 08:30 | CPI (October): headline and core; BLS will not publish year-over-year rates because October 2025 data were not collected | – | Headline +0.4% m/m; core +0.3% m/m | Headline +0.6% m/m in September; core +0.3% m/m in September | ||
| 08:30 | Real Earnings (October) | – | – | – | ||
| 09:35 | Dallas Fed President Lorie Logan speaks at Dallas/Kansas City Fed energy conference | – | – | – | ||
| 10:00 | ADP Weekly Employment Change | – | – | – | ||
| 13:00 | U.S. Treasury 10-year note auction ($42bn; maturity Nov 15, 2036) | – | – | – | ||
| 13:30 | Kansas City Fed President Jeffrey Schmid speaks | – | – | – | ||
| 13:30 | BoE Chief Economist Huw Pill speaks at Institute of International Monetary Research (18:30 GMT) | – | – | – | ||
| 15:30 | Fed Vice Chair for Supervision Michelle Bowman speaks: Economic Outlook | – | – | – | ||
| 16:15 | Federal Reserve H.15 selected interest rates | – | – | – | ||
| 18:30 | Philadelphia Fed President Anna Paulson speaks; Fed Vice Chair for Supervision Michelle Bowman speaks | – | – | – | ||
| 18:50 | Japan Money Stock (October; 8:50 JST onOvernight Session More Nov 11) | – | – | – |
Wednesday 11 November7 events · 0 high impact
| Time | F | Event | I | Actual | Forecast | Previous |
|---|---|---|---|---|---|---|
| All day | Veterans Day — U.S. federal holiday; Federal Reserve daily/weekly statistical releases move to Thursday | – | – | – | ||
| All day | ECB Economic Bulletin issue 7/2026 | – | – | – | ||
| All day | COMEX Gold Weekly Wednesday Option (G2WX26) last trade/expiration | – | – | – | ||
| 04:00 | ECB statistical release: long-term interest rates (October; 10:00 Frankfurt time) | – | – | – | ||
| 04:45 | ECB President Christine Lagarde participates in Paris Peace Forum panel (10:45 CET) | – | – | – | ||
| 06:30 | BoE Jon Hall speaks at CF-Imperial Workshop onOvernight Session More Quantitative Finance (11:30 GMT) | – | – | – | ||
| 18:50 | BoJ Corporate Goods Price Index (October; 8:50 JST onOvernight Session More Nov 12) | – | – | – |
Thursday 12 November19 events · 3 high impact · CPI (October 2026); UK GDP first estimate (Q3 2026) and monthly GDP (September); production, services and trade (September); Initial and continuing jobless claims (week ended Nov 7 / Oct 31)
| Time | F | Event | I | Actual | Forecast | Previous |
|---|---|---|---|---|---|---|
| All day | CPI (October 2026) | – | – | 5.54% y/y (September, provisional) | ||
| All day | European Political Community summit, Dublin | – | – | – | ||
| All day | COMEX Gold Weekly Thursday Option (G2RX26) last trade/expiration | – | – | – | ||
| 02:00 | UK GDP first estimate (Q3 2026) and monthly GDP (September); production, services and trade (September) | – | – | – | ||
| 02:00 | UK Business Investment (Q3 2026 provisional results) | – | – | – | ||
| 08:30 | Initial and continuing jobless claims (week ended Nov 7 / Oct 31) | – | Initial claims 191,000 | Initial claims 189,000; continuing claims 1.718 million | ||
| 09:00 | Cleveland Fed President Beth Hammack speaks | – | – | – | ||
| 10:00 | Existing Home Sales (October) | – | 4.00 million annual rate | 3.99 million annual rate | ||
| 10:00 | Fed Governor Michael Barr speaks: Artificial Intelligence and Inequality | – | – | – | ||
| 10:30 | ECB Governing Council member Boris Vujčić participates in IMF-ECB panel (16:30 CET) | – | – | – | ||
| 11:00 | EIA Weekly Petroleum Status Report (week ended Nov 6; shifted for Veterans Day) | – | – | – | ||
| 11:30 | Chicago Fed President Austan Goolsbee speaks | – | – | – | ||
| 13:00 | U.S. Treasury 30-year bond auction ($25bn; maturity Nov 15, 2056) | – | – | – | ||
| 13:00 | Treasury bill auctions: 4-week, 8-week and 17-week bills; Federal Reserve Commercial Paper release | – | – | – | ||
| 13:10 | San Francisco Fed President Mary Daly speaks | – | – | – | ||
| 14:30 | ECB President Christine Lagarde on-stage conversation in Paris (20:30 CET) | – | – | – | ||
| 16:15 | Federal Reserve H.15 selected interest rates | – | – | – | ||
| 16:30 | Federal Reserve H.4.1 Factors Affecting Reserve Balances | – | – | – | ||
| 18:30 | New York Fed President John Williams speaks | – | – | – |
Friday 13 November11 events · 2 high impact · Eurostat Q3 2026 GDP and employment flash estimates (T+45 update); Producer Price Index (October)
| Time | F | Event | I | Actual | Forecast | Previous |
|---|---|---|---|---|---|---|
| All day | Informal meeting of EU heads of state or government, Dublin | – | – | – | ||
| All day | COMEX Gold Weekly Friday Option (OG2X26) last trade/expiration | – | – | – | ||
| 01:50 | ECB Supervisory Board Chair Frank Elderson participates in COP31 central-bank panel (07:50 CET) | – | – | – | ||
| 02:10 | ECB Executive Board member Isabel Schnabel keynote and panel (08:10 CET) | – | – | – | ||
| 05:00 | Eurostat Q3 2026 GDP and employment flash estimates (T+45 update) | – | – | Q3 preliminary GDP flash: euro area +0.4% q/q; EU +0.5% q/q | ||
| 08:30 | Producer Price Index (October) | – | Headline +0.4% m/m; core +0.3% m/m | Headline +1.3% m/m in September; core +0.7% m/m in September | ||
| 10:50 | Fed Vice Chair for Supervision Michelle Bowman discusses Supervision and Regulation | – | – | – | ||
| 12:00 | San Francisco Fed President Mary Daly speaks | – | – | – | ||
| 13:00 | Federal Reserve Commercial Paper release | – | – | – | ||
| 16:15 | Federal Reserve H.8 Assets and Liabilities of Commercial Banks; H.15 selected interest rates | – | – | – | ||
| 19:00 | Fed Vice Chair Philip Jefferson speaks: productivity and macroeconomic activity | – | – | – |
COMEX weekly gold options expire daily Monday to Friday. The next FOMC is in December; Reuters reported traders' probability of a December Fed rate increase at 68% in its 6 November snapshot.
Key Macro Takeaways
- Post-election bid, then payback. Reuters reported gold rallied onOvernight Session More 4 November as the dollar weakened after Democrats won both chambers, and onOvernight Session More 5 November as Treasury yields, the dollar and oil fell, with oil's near 9% drop tied to hopes of reduced Iran-conflict escalation. GC printed the week high of 4155.80 in the Thursday overnight, then gave back ground onOvernight Session More Friday.
- Hot payrolls, hike pricing. The BLS said October payrolls rose 165,000, unemployment 4.1%, average hourly earnings +0.4% m/m and 3.1% y/y, with August and September revised up by 84,000. Reuters reported a rebound in oil revived inflation worries and higher-for-longer rates, with a 68% probability of a December hike.
- Physical demand is split. The World Gold Council said Q3 demand was 1,369 tonnes (−1% y/y, value +22% to US$188bn), with central-bank buying of 321 tonnes (+42%) and ETF inflows of 211 tonnes. Bar-and-coin demand fell 19% and jewellery 17%. Reuters reported the WGC cut its 2026 investment-demand growth forecast to 200 tonnes from 400.
- Official and ETF bid persists. WGC data showed October ETF inflows of US$2.7bn, holdings at a record 4,275 tonnes, and AUM down 6% to US$542bn. Yahoo Finance reported the PBoC added about 25.8 tonnes in October, a 24th straight month.
- Binary event. BLS schedules October CPI Tuesday 10 November at 08:30 ET and PPI Friday 13 November. U.S. Bank cites +0.4% headline and +0.3% core CPI. ISM services prices stood at 73.0 and Michigan year-ahead inflation expectations eased to 4.3% from 4.7%.
KEY OUTLINE
DAILY: GAP LOWER – OTF LOWER, STRONG CLOSE
Chart 1 – last ten RTHRegular trading hours. The official opening and closing time... More sessions as TPO blocks with value, POCThe POC or Point-of-control is the price where the most amou... More and composite
In addition to monitoring the previous day's Market prof... More levels.
- Fri 6 Nov (NORMAL VARIATION UP, GAP More LOWER). The overnight into Friday ran 4044.50–4127.60 (VPOCThe POC or Point-of-control is the price where the most amou... More 4073.5, VA 4045.0–4094.2) and RTHRegular trading hours. The official opening and closing time... More opened at 4069.50 well under Thursday's close of 4113.00, leaving the 4077.60–4085.60 gap More open. RTHRegular trading hours. The official opening and closing time... More ranged 4035.10–4077.60 (42.5 points) and closed 4075.80 against VPOCThe POC or Point-of-control is the price where the most amou... More 4067.60, VA 4054.20–4076.30 and VWAPThe VWAP or Volume-Weighted-Average-Price is a moving averag... More 4060.99, volume 72,169. The close sits onOvernight Session More the VAH and 1.80 under the day high: a recovery, not a weak finish. After the close, trade ran 4069.50–4088.20 and the week settled at 4074.90.
- Thu 5 Nov (NEUTRAL DAY CENTER). The overnight into Thursday drove to 4155.80, the week high, from 4066.00 (VPOCThe POC or Point-of-control is the price where the most amou... More 4134.2). RTHRegular trading hours. The official opening and closing time... More opened 4124.80, ran 4085.60–4145.30 and closed 4113.00, mid-range. VPOCThe POC or Point-of-control is the price where the most amou... More 4111.10, VA 4105.20–4132.90, VWAPThe VWAP or Volume-Weighted-Average-Price is a moving averag... More 4118.06, volume 94,451, the heaviest of the five. The overnight high was not confirmed by RTHRegular trading hours. The official opening and closing time... More (4145.30, 10.50 lower).
- Wed 4 Nov. The overnight into Wednesday swept 3927.20 before it rallied to open 4048.00. RTHRegular trading hours. The official opening and closing time... More ran 4038.00–4081.20 and closed 4073.10 near the high, VPOCThe POC or Point-of-control is the price where the most amou... More 4051.20, volume 83,212. The gap More 3981.70–4038.00 stays open.
- Earlier. Mon 2 Nov was a rally from 3919.00 to a 3969.50 close (VPOCThe POC or Point-of-control is the price where the most amou... More 3968.80, range 63.0). Tue 3 Nov gave back to 3940.20 (VPOCThe POC or Point-of-control is the price where the most amou... More 3941.30) with lower volume of 63,115, a rotation within Monday's range.
- Daily OTF. Friday's lower high (4077.60 vs 4145.30) and lower low (4035.10 vs 4085.60) leave the read OTF lower for one day. A trade above 4145.30 breaks it; a trade below 4035.10 extends the lower leg.
- Gaps More. Open: 4077.60–4085.60 (6 Nov, down-gap), 3981.70–4038.00 (4 Nov, up-gap), 4193.20–4289.20 (28 Sep) and 4350.60–4351.80 (23 Sep). Filled: 5 Nov up-gap 4081.20–4085.60 (filled 6 Nov); 22 Oct down-gap 4107.20–4139.70 (filled 5 Nov); 30 Oct down-gap 3980.10–4021.20 (filled 4 Nov).
WEEKLY: OVERLAPPING HIGHER – BALANCE BREAK UP, CLOSE INSIDE VALUE
Chart 2 – recent weeks: 24h candle and RTHRegular trading hours. The official opening and closing time... More profile, VPOCThe POC or Point-of-control is the price where the most amou... More, VAH, VAL and composite
In addition to monitoring the previous day's Market prof... More references.
- Week of 2 Nov. 24h O 3903.00, H 4155.80, L 3900.00, C 4074.90; RTHRegular trading hours. The official opening and closing time... More O 3919.00, H 4145.30, L 3917.80, C 4075.80. The 24h range was 255.80 against 217.90 and 222.10 in the two prior weeks, the widest of the three. Volume was 925,068, +21% onOvernight Session More the prior week (761,650) and +17% onOvernight Session More the week before (788,367).
- Structure. The week is OVERLAPPING HIGHER vs the 26 Oct week (H 4097.20, L 3879.30). Its low of 3900.00 held 20.70 above the 2WK low and it closed 22.30 under the 4097.20 2WK high, after printing 58.60 above it. A look-above of 2WK high at 4097.20 by 58.60 points has not yet been accepted.
- Value and close. VPOCThe POC or Point-of-control is the price where the most amou... More 4074.80, VA 3960.70–4154.70 (wide), VWAPThe VWAP or Volume-Weighted-Average-Price is a moving averag... More 4026.43, mid 4027.90. The close is 0.10 above VPOCThe POC or Point-of-control is the price where the most amou... More, 48.47 above VWAPThe VWAP or Volume-Weighted-Average-Price is a moving averag... More and 79.80 under VAH: inside value, onOvernight Session More the POCThe POC or Point-of-control is the price where the most amou... More.
- Where the volume is. The weekly VPOCThe POC or Point-of-control is the price where the most amou... More sits at 4074.80, built by the late-week sessions (Wed 4051.20, Thu 4111.10, Fri 4067.60). Early-week value at 3941–3969 sits 105 points lower, with the 3981.70–4038.00 gap More between them.
- Extremes. Low: 3900.00 was an overnight excess that RTHRegular trading hours. The official opening and closing time... More did not confirm (RTHRegular trading hours. The official opening and closing time... More low 3917.80). High: 4155.80 in the Thursday overnight, then RTHRegular trading hours. The official opening and closing time... More only reached 4145.30; the move was not extended and Friday gave back 70 points from Thursday's close, so the high reads as poor-to-unconfirmed.
- Preceding weeks. 2WK (26 Oct): H 4097.20, L 3879.30, VPOCThe POC or Point-of-control is the price where the most amou... More 4034.30, VA 4006.30–4077.40, a lower-value week. The 19 Oct week ran 3989.10–4211.20 with VPOCThe POC or Point-of-control is the price where the most amou... More 4140.00, so this week closed back inside that range's lower half.
- Weekly VWAPThe VWAP or Volume-Weighted-Average-Price is a moving averag... More sequence: 4110.00 (19 Oct) → 4014.89 → 4026.43. VWAPThe VWAP or Volume-Weighted-Average-Price is a moving averag... More rose 11.54.
- pWK references: H 4155.80, L 3900.00, VPOCThe POC or Point-of-control is the price where the most amou... More 4074.80, VAH 4154.70, VAL 3960.70, VWAPThe VWAP or Volume-Weighted-Average-Price is a moving averag... More 4026.43, mid 4027.90.
MONTHLY: BALANCE BREAK LOWER (OCTOBER), NOVEMBER REBOUNDING INSIDE OCTOBER'S RANGE
Chart 3 – September, October and November-to-date, 24h profiles with prior-month high and low carried forward.
- October (22 days). O 4184.30, H 4259.00, L 3879.30, C 3892.80. VPOCThe POC or Point-of-control is the price where the most amou... More 4185.80, VA 4070.90–4232.60, VWAPThe VWAP or Volume-Weighted-Average-Price is a moving averag... More 4121.82, volume 3,160,353, range 379.70. It closed 6 points under its own low-end. September (21 days): O 4495.80, H 4558.50, L 4143.10, C 4189.10, VPOCThe POC or Point-of-control is the price where the most amou... More 4389.00, VA 4299.90–4456.20, VWAPThe VWAP or Volume-Weighted-Average-Price is a moving averag... More 4363.81, volume 3,500,805.
- November MTD (5 days). O 3903.00, H 4155.80, L 3900.00, C 4074.90; VPOCThe POC or Point-of-control is the price where the most amou... More 4073.00, VA 3960.00–4155.70, VWAPThe VWAP or Volume-Weighted-Average-Price is a moving averag... More 4026.63, volume 908,970 (about 182,000 a day against 144,000 in October).
- pM references. The pM low 3879.30 held (MTD low 3900.00, 20.70 above). The pM high 4259.00 is 184.10 above the close. The close of 4074.90 sits 4.10 above the pM VAL (4070.90), with the pM VPOCThe POC or Point-of-control is the price where the most amou... More 4185.80 and pM VWAPThe VWAP or Volume-Weighted-Average-Price is a moving averag... More 4121.82 overhead.
- Reading. October broke down from September's 4300–4456 value and closed at the low; November has rebounded to pM VAL and is rotating at the bottom of October's value. Monthly OTF is lower until the pM high of 4259.00 is exceeded.
- Alignment. Daily (OTF lower, inside), weekly (higher, close inside value) and monthly (lower, probing pM VAL) diverge: the weekly bounce is a responsive move inside a lower-timeframe-lower monthly structure.
Weekly Summary
- Headline: GC rose 171.10 points (+4.38%) onOvernight Session More the week, from 3903.00 open to 4074.90, with a Thursday-overnight high then a Friday pullback.
- High/low: 4155.80 (Thu overnight), RTHRegular trading hours. The official opening and closing time... More high 4145.30 (Thu 5 Nov); low 3900.00, RTHRegular trading hours. The official opening and closing time... More low 3917.80 (Mon 2 Nov).
- Value/VPOC/VWAP: VA 3960.70–4154.70, VPOCThe POC or Point-of-control is the price where the most amou... More 4074.80, VWAPThe VWAP or Volume-Weighted-Average-Price is a moving averag... More 4026.43; close onOvernight Session More VPOCThe POC or Point-of-control is the price where the most amou... More, above VWAPThe VWAP or Volume-Weighted-Average-Price is a moving averag... More.
- Range/volume: 255.80 points, 925,068 contracts, +21% onOvernight Session More the prior week.
- Last day: gap More lower, 4035.10–4077.60, wholly below Thursday's range, close 4075.80 onOvernight Session More the VAH.
- Classification: overlapping higher week inside a monthly structure that broke lower.
Summary
Weekly Structure & Market Context
GC bounced hard off the 3879.30 pM low area, with the 24h low of 3900.00 onOvernight Session More Monday, and rallied 255.80 points through Thursday's overnight onOvernight Session More a falling dollar and lower yields after the midterm results. The market then rejected the high: Friday gapped lower onOvernight Session More the strong payrolls, held 4035.10 and rebuilt to the weekly VPOCThe POC or Point-of-control is the price where the most amou... More.
The profile shows two areas of value: 3941–3969 early in the week and 4051–4111 later, with the 3981.70–4038.00 gap More open between them. The week closed right onOvernight Session More its VPOCThe POC or Point-of-control is the price where the most amou... More at 4074.80, so the market is in balance onOvernight Session More the weekly timeframe and has not yet chosen a side. Heaviest volume was Thursday (94,451), whose VA 4105.20–4132.90 now sits overhead.
The line below is 4035.10 (Friday low), with the 4038.00 gap More top and 4034.30 (2WK VPOCThe POC or Point-of-control is the price where the most amou... More) in the same zone; under it the weekly mid 4027.90 and VWAPThe VWAP or Volume-Weighted-Average-Price is a moving averag... More 4026.43. The line above is the 4085.60 gap More top and Thursday's value at 4105.20–4132.90.
Bullish case (responsive from the lows): acceptance above 4085.60 and Thursday's VAL 4105.20 would repair the Friday gap More and put Thursday's value back in play. A move through 4121.75 (pM VWAPThe VWAP or Volume-Weighted-Average-Price is a moving averag... More) and 4145.30 would break the daily OTF lower, with 4155.80 the first test of the week high.
Bearish case (initiative): acceptance below 4035.10 and the 4026–4038 cluster puts the 3981.70 gap More bottom and the weekly VAL 3960.70 in play, and it would say the weekly bounce was a rotation inside October's lower value.
Event timing: CPI onOvernight Session More Tuesday 10 November at 08:30 ET is the binary event, with consensus +0.4% headline and +0.3% core, after payrolls lifted December hike odds. Waller and Bowman speak the same day, the 10-year auction is at 13:00, and Abu Dhabi talks begin. US markets close for Veterans Day Wednesday, claims come Thursday and PPI Friday.
Key Technical Levels
| TF | Price | Level | From close |
|---|---|---|---|
| ◇ G | 4,351.80 | Open gap More top (Wed 23 Sep) | +276.90 (+6.80%) |
| ◇ G | 4,350.60 | Open gap More bottom (Wed 23 Sep) | +275.70 (+6.77%) |
| ◇ G | 4,289.20 | Open gap More top (Mon 28 Sep) | +214.30 (+5.26%) |
| ▲ M | 4,259.00 | pM high | +184.10 (+4.52%) |
| ▲ M | 4,233.70 | pM VAH | +158.80 (+3.90%) |
| ◇ G | 4,193.20 | Open gap More bottom (Mon 28 Sep) | +118.30 (+2.90%) |
| ▲ M | 4,189.20 | pM VPOCThe POC or Point-of-control is the price where the most amou... More | +114.30 (+2.80%) |
| △ W | 4,155.80 | Week high | +80.90 (+1.99%) |
| △ W | 4,154.70 | Week VAH · Month-to-date VAH | +79.80 (+1.96%) |
| ◁ P | 4,145.30 | Thu 5 Nov high · Week RTHRegular trading hours. The official opening and closing time... More high | +70.40 (+1.73%) |
| ◁ P | 4,132.90 | Thu 5 Nov VAH | +58.00 (+1.42%) |
| ○ E | 4,127.60 | Overnight high (Fri 6 Nov) | +52.70 (+1.29%) |
| ▲ M | 4,121.75 | pM VWAPThe VWAP or Volume-Weighted-Average-Price is a moving averag... More | +46.85 (+1.15%) |
| ◁ P | 4,118.06 | Thu 5 Nov VWAPThe VWAP or Volume-Weighted-Average-Price is a moving averag... More | +43.16 (+1.06%) |
| ◁ P | 4,111.10 | Thu 5 Nov VPOCThe POC or Point-of-control is the price where the most amou... More | +36.20 (+0.89%) |
| ◁ P | 4,105.20 | Thu 5 Nov VAL | +30.30 (+0.74%) |
| △ W | 4,097.20 | 2WK high | +22.30 (+0.55%) |
| ◁ P | 4,085.60 | Thu 5 Nov low · Open gap More top (Fri 6 Nov) | +10.70 (+0.26%) |
| ◁ P | 4,077.60 | Fri 6 Nov high · Open gap More bottom (Fri 6 Nov) | +2.70 (+0.07%) |
| ◁ P | 4,076.30 | Fri 6 Nov VAH | +1.40 (+0.03%) |
| ■ CLOSE | 4,074.90 | WEEK CLOSE | — |
| □ RTHRegular trading hours. The official opening and closing time... More | 4,075.80 | Last RTHRegular trading hours. The official opening and closing time... More close (Fri 6 Nov) | +0.90 |
| △ W | 4,074.80 | Week VPOCThe POC or Point-of-control is the price where the most amou... More · Month-to-date VPOCThe POC or Point-of-control is the price where the most amou... More | -0.10 (-0.00%) |
| ▲ M | 4,070.80 | pM VAL | -4.10 (-0.10%) |
| ◁ P | 4,067.60 | Fri 6 Nov VPOCThe POC or Point-of-control is the price where the most amou... More | -7.30 (-0.18%) |
| ◁ P | 4,060.99 | Fri 6 Nov VWAPThe VWAP or Volume-Weighted-Average-Price is a moving averag... More | -13.91 (-0.34%) |
| ◁ P | 4,054.20 | Fri 6 Nov VAL | -20.70 (-0.51%) |
| ○ E | 4,044.50 | Overnight low (Fri 6 Nov) | -30.40 (-0.75%) |
| ◇ G | 4,038.00 | Open gap More top (Wed 4 Nov) | -36.90 (-0.91%) |
| ◁ P | 4,035.10 | Fri 6 Nov low | -39.80 (-0.98%) |
| △ W | 4,034.30 | 2WK VPOCThe POC or Point-of-control is the price where the most amou... More | -40.60 (-1.00%) |
| △ W | 4,027.90 | Week mid | -47.00 (-1.15%) |
| △ W | 4,026.43 | Week VWAPThe VWAP or Volume-Weighted-Average-Price is a moving averag... More · Month-to-date VWAPThe VWAP or Volume-Weighted-Average-Price is a moving averag... More | -48.47 (-1.19%) |
| ◇ G | 3,981.70 | Open gap More bottom (Wed 4 Nov) | -93.20 (-2.29%) |
| △ W | 3,960.70 | Week VAL · Month-to-date VAL | -114.20 (-2.80%) |
| △ W | 3,917.80 | Week RTHRegular trading hours. The official opening and closing time... More low | -157.10 (-3.86%) |
| △ W | 3,900.00 | Week low | -174.90 (-4.29%) |
| △ W | 3,879.30 | 2WK low · pM low | -195.60 (-4.80%) |
Bearish scenario (if 4035.10 fails and price accepts below Friday's value):
- Initial: 4054.20 (Fri VAL), 4044.50 (overnight low), 4035.10 (Fri low).
- Key test: 4034.30 (2WK VPOCThe POC or Point-of-control is the price where the most amou... More), 4027.90 (week mid), 4026.43 (weekly VWAPThe VWAP or Volume-Weighted-Average-Price is a moving averag... More).
- Below: 3981.70 (gap More bottom), 3960.70 (weekly VAL), 3917.80, 3900.00, then 3879.30 (pM / 2WK low).
Bullish scenario (if the 4074.80 VPOCThe POC or Point-of-control is the price where the most amou... More and 4070.80 pM VAL hold and price accepts above Friday's high):
- Initial resistance: 4077.60 (Fri high), 4085.60 (gap More top and Thu low).
- Then: 4097.20 (2WK high), 4105.20 (Thu VAL), 4111.10 (Thu VPOCThe POC or Point-of-control is the price where the most amou... More), 4118.06 (Thu VWAPThe VWAP or Volume-Weighted-Average-Price is a moving averag... More), 4121.75 (pM VWAPThe VWAP or Volume-Weighted-Average-Price is a moving averag... More).
- Higher targets: 4132.90, 4145.30, 4154.70–4155.80 (weekly VAH and high), 4189.20 (pM VPOCThe POC or Point-of-control is the price where the most amou... More), 4193.20 (gap More bottom), 4259.00 (pM high).
Key levels to watch
- 4074.80 / 4070.80: weekly VPOCThe POC or Point-of-control is the price where the most amou... More and pM VAL; the market closed onOvernight Session More both, so they decide who holds the balance.
- 4085.60: Friday's gap More top and Thursday's low; acceptance above puts Thursday's value in play.
- 4035.10 / 4034.30: Friday low and 2WK VPOCThe POC or Point-of-control is the price where the most amou... More; below them the 4026–4028 cluster and the 3981.70 gap More come in.
- 4145.30 / 4155.80: Thursday high and week high; trade above breaks the daily OTF lower.
- 3960.70: weekly VAL, below which the early-week value comes back.
Market sits onOvernight Session More its weekly VPOCThe POC or Point-of-control is the price where the most amou... More, inside value onOvernight Session More the weekly and at the pM VAL onOvernight Session More the monthly, with CPI onOvernight Session More Tuesday, PPI onOvernight Session More Friday and a US holiday Wednesday; risk management matters around the 4035 and 4086 edges where Friday's gap More and range are defined.
Data note: GC continuous futures, 30-minute bars (hourly for monthly), RTHRegular trading hours. The official opening and closing time... More 08:20–13:30 ET (Globex day rolls 18:00 ET); volume at price approximated by spreading each bar's volume evenly across its high–low range; value area More 70% around the volume POCThe POC or Point-of-control is the price where the most amou... More; TPO POCThe POC or Point-of-control is the price where the most amou... More is the row with the most 30-minute prints. Not investment advice.
Trend and moving averages
The 4074.90 close is 1.01% above SMA 5 at 4034.28, 0.14% below SMA 20 at 4080.71, 3.68% below SMA 50 at 4230.42, 3.73% below SMA 100 at 4232.98 and 9.48% below SMA 200 at 4501.50. Stack from the top: 200, 100, 50, 20, 5. Only the 5-day is rising (5-day slope +15.30). The 20, 50, 100 and 200 are falling (-34.33, -64.38, -10.21, -17.82). The 50-day crossed below the 200-day onOvernight Session More 30 June, the 20-day below the 50-day onOvernight Session More 30 September, and the 5-day below the 20-day onOvernight Session More 1 September. Price last crossed below the 200-day onOvernight Session More 3 September and has not closed back above it.
Momentum and volume
RSI(14) is 47.2 daily and 54.6 onOvernight Session More the 4-hour: neutral, with the shorter timeframe a little firmer. Daily ATR(14) is 84.84. The 52-week low of 3879.30 was set onOvernight Session More 29 October, and the week's bounce from it has stalled near the 20-day average.
The week on the 5-minute chart
- Mon: opened 3919.00 inside the overnight range (3879.30-3928.10), near its top. It held 3917.80 in the first hour, then rose to 3980.80 and closed 3969.50, 9.06 above VWAPThe VWAP or Volume-Weighted-Average-Price is a moving averag... More (3960.44).
- Tue: opened 3963.60 inside the overnight range (3904.10-3974.50). It faded under VWAPThe VWAP or Volume-Weighted-Average-Price is a moving averag... More (3952.93), broke the first-hour low of 3950.00 and closed 3940.20, 12.73 below VWAPThe VWAP or Volume-Weighted-Average-Price is a moving averag... More.
- Wed: opened 4048.00 inside the overnight range (3927.20-4062.20), above Tuesday's high of 3981.70. It broke the first-hour high of 4058.20 and closed 4073.10, 13.24 above VWAPThe VWAP or Volume-Weighted-Average-Price is a moving averag... More (4059.86).
- Thu: opened 4124.80 inside the overnight range (4066.00-4155.80). It broke the first-hour low of 4120.40, falling to 4085.60, and closed 4113.00, 5.06 below VWAPThe VWAP or Volume-Weighted-Average-Price is a moving averag... More (4118.06).
- Fri: opened 4069.50 inside the overnight range (4044.50-4127.60), in its lower half. It held the first-hour low of 4035.10 and closed 4075.80, above the first-hour high of 4071.90 and 14.81 above VWAPThe VWAP or Volume-Weighted-Average-Price is a moving averag... More (4060.99).
Key technical levels
| Price | Level | Why |
|---|---|---|
| 5586.20 | 52-week high | 29 January peak |
| 4501.50 | SMA 200 | Long-term trend line, falling |
| 4259.00 | Prior-month high | October top |
| 4232.98 | SMA 100 | Falling |
| 4230.42 | SMA 50 | Falling fastest |
| 4155.80 | Last week high | Thursday overnight high |
| 4154.70 | Last week VAH | Top of value |
| 4097.20 | 2WK high | Two-week top |
| 4080.71 | SMA 20 | Falling, just above price |
| 4074.90 | Last close | Friday |
| 4074.80 | Last week POCThe POC or Point-of-control is the price where the most amou... More | Most traded |
| 4034.28 | SMA 5 | Rising, near support |
| 4026.43 | Last week VWAPThe VWAP or Volume-Weighted-Average-Price is a moving averag... More | Average price |
| 3960.70 | Last week VAL | Bottom of value |
| 3879.30 | 2WK low, prior-month low, 52-week low | 29 October |
Scenarios
Bullish: price holds above SMA 5 (4034.28) and the weekly VWAPThe VWAP or Volume-Weighted-Average-Price is a moving averag... More (4026.43), then clears SMA 20 (4080.71) and 4097.20. That opens 4154.70-4155.80. Daily closes above 4230.42-4232.98 would start to repair the stack. Failure to hold 4026.43 weakens this view.
Bearish: a daily close below 4034.28 and 4026.43 would undo the week's recovery and point to 3960.70, then the 52-week low at 3879.30. Rejection at 4080.71-4097.20 would keep the downtrend intact.
Data: continuous front-month GC futures bars to the 6 November 2026 close.
General market information and analysis only. Not investment advice or a recommendation to buy or sell. Content may be inaccurate or out of date, and prices may be delayed.
