{"id":24127,"date":"2026-08-10T05:04:52","date_gmt":"2026-08-10T05:04:52","guid":{"rendered":"https:\/\/www.maxainasia.com\/?p=24127"},"modified":"2026-08-10T05:06:03","modified_gmt":"2026-08-10T05:06:03","slug":"daily-commentary-445","status":"publish","type":"post","link":"https:\/\/www.maxainasia.com\/zh_tw\/daily-commentary-445-20260810\/","title":{"rendered":"XAU\/USD \u5728\u7f8e\u570b\u901a\u81a8\u8003\u9a57\u524d\u6d6e\u73fe\u300c\u9022\u4f4e\u8cb7\u9032\u300d\u4ea4\u6613\u6a5f\u6703"},"content":{"rendered":"<ul class=\"wp-block-list has-text-color\" style=\"color: #f40307;\">\n<li><strong>Gold is moving further away from seven-week highs of $4,372 early Monday, approaching $4,300.<\/strong><\/li>\n<li><strong>The US Dollar recovers from the post-US NFP slump amid renewed Hormuz risks.<\/strong><\/li>\n<li><strong>Gold remains a \u2018buy-the-dip\u2019 trade on the daily chart ahead of the US CPI dataGold is under renewed selling pressure toward $4,300, kicking off the US inflation week on a negative note and retreating further from seven-week highs of $4,372 set last Friday.<\/strong><\/li>\n<\/ul>\n<p>Gold\u00a0is under renewed selling pressure toward $4,300, kicking off the US inflation week on a negative note and retreating further from seven-week highs of $4,372 set last Friday.<\/p>\n<p>Gold is on a slippery slope early Monday, as traders resort to profit-taking following the previous week\u2019s 7% gain, while repositioning ahead of this week\u2019s critical US Consumer Price Index (CPI) data release.<\/p>\n<p>The bullion rallied hard last week, with the uptrend strengthened following the US Nonfarm Payrolls report, which showed that the US economy unexpectedly lost 23,000 jobs in July, against expectations of an 80,000-job gain.<\/p>\n<p>The Unemployment Rate suddenly dipped to 4.1%, but that was due largely to a further decline in those holding jobs or looking for work.<\/p>\n<p>Following the weak US labor market data, markets trimmed their bets for a Federal Reserve (Fed) interest rate hike in September to 44% from about 55% pre-data, according to the CME Group\u2019s FedWatch Tool.<\/p>\n<p>According to TD Securities, the US curve &#8220;bull steepened on the negative headline print despite a drop in the UE rate to 4.1%,&#8221; as the latest labor market data eased fears of renewed strength. The firm notes that the report &#8220;eased concerns over a reaccelerating labor market, leading to markets pricing out hikes, with September&#8217;s pricing declining by 3bp to 12bp of hikes.&#8221; Looking ahead, TD Securities adds that &#8220;while we continue to expect the Fed to keep rates on hold for 2026 and 2027, September pricing could remain substantial as the Fed will continue to look at data to make a decision in the months ahead.&#8221;<\/p>\n<p>Gold\u2019s latest pullback is also led by a broad-based US Dollar rebound as investors rush for safety in the buck amid renewed tensions surrounding the reopening of the Strait of Hormuz over the weekend.<\/p>\n<p>Iranian Foreign Minister Seyyed Abbas Araghchi\u00a0said on Sunday that Tehran was close to reaching an agreement with Oman on a new mechanism for managing maritime traffic through the Strait of Hormuz. However, Araghchi\u00a0stressed that the vital waterway would not be reopened until Washington meets additional conditions.<\/p>\n<p>That followed US President Donald Trump\u2019s comment that \u201cwe are only semi-negotiating with them,\u201d per Axios.<\/p>\n<p>Further, there were reports that Iran launched multiple anti-ship cruise missiles from Sirik in southern Iran, striking an oil tanker off Oman&#8217;s coast.\u00a0Meanwhile, Tehran-backed Houthi forces hit a Saudi oil refinery Sunday, just days after Riyadh formed a new defense alliance with Turkey and Pakistan amid the escalating US-Israel conflict with Iran.<\/p>\n<p>Against persisting Middle East tensions and a fresh advance in Oil prices, concerns over inflation continue to haunt markets and provide a floor to the Greenback at the expense of the non-yielding bullion.<\/p>\n<p>Later in the day, the geopolitical risk premium will remain in play amid a quiet US economic docket.<\/p>\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" class=\"wp-image-24128\" src=\"https:\/\/www.maxainasia.com\/wp-content\/uploads\/2026\/08\/gold-chart-2026-08-10-1024x390.png\" alt=\"Gold Technical Analysis\" width=\"1024\" height=\"390\" srcset=\"https:\/\/www.maxainasia.com\/wp-content\/uploads\/2026\/08\/gold-chart-2026-08-10-1024x390.png 1024w, https:\/\/www.maxainasia.com\/wp-content\/uploads\/2026\/08\/gold-chart-2026-08-10-300x114.png 300w, https:\/\/www.maxainasia.com\/wp-content\/uploads\/2026\/08\/gold-chart-2026-08-10-768x292.png 768w, https:\/\/www.maxainasia.com\/wp-content\/uploads\/2026\/08\/gold-chart-2026-08-10-1536x585.png 1536w, https:\/\/www.maxainasia.com\/wp-content\/uploads\/2026\/08\/gold-chart-2026-08-10-18x7.png 18w, https:\/\/www.maxainasia.com\/wp-content\/uploads\/2026\/08\/gold-chart-2026-08-10.png 1647w\" sizes=\"(max-width: 767px) 89vw, (max-width: 1000px) 54vw, (max-width: 1071px) 543px, 580px\" \/><\/figure>\n<p>In the daily chart, XAU\/USD trades at $4,325.48. The metal holds a constructive near-term bias as it trades above the 21-day and 50-day simple moving averages (SMAs) at roughly $4,096.91 and $4,149.68, while still capped beneath the 100-day SMA at $4,388.87 and the 200-day SMA at $4,496.46. The alignment of shorter SMAs below price and longer SMAs above suggests gold is staging a recovery within a broader consolidation, with the Relative Strength Index (14) hovering in bullish territory near 63.7, hinting at firm but not yet overbought upside momentum.<\/p>\n<p>On the topside, immediate resistance emerges at the 100-day SMA around $4,388.87, with the 200-day SMA near $4,496.46 acting as the next key barrier if buyers extend the advance. On the downside, initial support is seen at the 50-day SMA at $4,149.68, followed by the 21-day SMA near $4,096.91, where a break lower would suggest that the current rebound is losing traction and could invite a deeper correction.<\/p>","protected":false},"excerpt":{"rendered":"<p>Gold is moving further away from seven-week highs of $4,372 early Monday, approaching $4,300. The US Dollar recovers from the post-US NFP slump amid renewed Hormuz risks. Gold remains a \u2018buy-the-dip\u2019 trade on the daily chart ahead of the US CPI dataGold is under renewed selling pressure toward $4,300, kicking off the US inflation week &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.maxainasia.com\/zh_tw\/daily-commentary-445-20260810\/\" class=\"more-link\">\u95b1\u8b80\u5168\u6587<span class=\"screen-reader-text\">\u3008XAU\/USD appears &#x27;buy-the-dip&#x27; trade before the US inflation test\u3009<\/span><\/a><\/p>","protected":false},"author":5,"featured_media":17233,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":["post-24127","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-commentary"],"_links":{"self":[{"href":"https:\/\/www.maxainasia.com\/zh_tw\/wp-json\/wp\/v2\/posts\/24127","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.maxainasia.com\/zh_tw\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.maxainasia.com\/zh_tw\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.maxainasia.com\/zh_tw\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.maxainasia.com\/zh_tw\/wp-json\/wp\/v2\/comments?post=24127"}],"version-history":[{"count":2,"href":"https:\/\/www.maxainasia.com\/zh_tw\/wp-json\/wp\/v2\/posts\/24127\/revisions"}],"predecessor-version":[{"id":24130,"href":"https:\/\/www.maxainasia.com\/zh_tw\/wp-json\/wp\/v2\/posts\/24127\/revisions\/24130"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.maxainasia.com\/zh_tw\/wp-json\/wp\/v2\/media\/17233"}],"wp:attachment":[{"href":"https:\/\/www.maxainasia.com\/zh_tw\/wp-json\/wp\/v2\/media?parent=24127"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.maxainasia.com\/zh_tw\/wp-json\/wp\/v2\/categories?post=24127"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.maxainasia.com\/zh_tw\/wp-json\/wp\/v2\/tags?post=24127"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}