
Gold Analysis: Gold Trading Ignores Overbought Conditions – 04 September 2025
Gold surged to record highs above $3,550, with bulls eyeing $3,670 resistance as Fed rate cut expectations and weak US data fuel the rally.
Gold surged to record highs above $3,550, with bulls eyeing $3,670 resistance as Fed rate cut expectations and weak US data fuel the rally.
EUR/USD holds near 1.1660 in a neutral range, with 1.1600 as key support and 1.1770–1.1830 resistance in focus ahead of critical US jobs data.
Bitcoin trades near $112K and Solana rallies above $207, with traders split on whether this is the last bull surge of the cycle or a prelude to a correction.
XRP is trading around $2.83, holding just under the $3 psychological barrier. Attempts to break higher have stalled as sellers continue to defend resistance zones.
The S&P 500 trades near 6,467 after record highs, with 6,500 seen as the next upside target as traders await direction from Friday’s U.S. jobs report.
The EUR/USD pair spent the first half of the day confined to a tight intraday range, stuck around the 1.1650 area. The US Dollar (USD) pushed marginally higher against most major rivals amid continued caution among market participants ahead of United States (US) macro releases.