Economic Indicators

13：45 Switzerland Unemployment Rate n.s.a. (Sep)‧Fcst2.4%‧Prev2.4%
13：45 Switzerland Unemployment Rate s.a. (Sep)    ‧Fcst2.6%‧Prev2.5%
16：30 UK Construction PMI (Sep)‧Fcst53.3‧Prev53.6
20：30 US Nonfarm Payrolls (Sep)‧Fcst140K‧Prev142K
20：30 US Private Nonfarm Payrolls (Sep)‧Fcst125K‧Prev118K
20：30 US Manufacturing Payrolls (Sep)‧Fcst-5K‧Prev-24K
20：30 US Government Payrolls (Sep)‧Prev24K
20：30 US Unemployment Rate (Sep)‧Fcst4.2%‧Prev4.2%
20：30 US Average Hourly Earnings (MoM) (Sep)‧Fcst+0.3%‧Prev+0.4%
20：30 US Average Hourly Earnings (YoY) (YoY) (Sep)‧Fcst+3.8%‧Prev+3.8%
20：30 US Average Weekly Hours (Sep)‧Fcst34.3‧Prev34.3
20：30 US Participation Rate (Sep)‧Prev62.7%

XAU London Gold - Safe-haven demand supports gold prices, pay attention to the situation in the Middle East and non-agricultural data

London gold remained steady in a narrow range on Thursday, as safe-haven demand from escalating tensions in the Middle East offset pressure from a stronger dollar after investors played down expectations for another sharp interest rate cut by the U.S. Federal Reserve. Gold prices held near the $2,650 level, having hit a record high of $2,6range:5 last week. The Israeli military urged residents of more than 20 towns in southern Lebanon to evacuate immediately. On this side, traders believe the probability of the Fed cutting interest rates by 50 basis points in November fell to 33% from 49% last week. The focus of the market now is tonight's non-farm payrolls report and the development of the situation in the Middle East.

In terms of technical trends, the recent correction of gold prices has not yet destroyed the upward momentum over the past few months. Even the 10-day moving average, the 25-day moving average, and the upward trend line have remained securely stable; while the RSI and stochastic index have evolved into Trading sideways in the mid-range, gold prices are expected to continue to trade within a narrow range ahead of Friday's data release. The current resistance is estimated to be 2672 and 26range:5, and the next level will point to the $2700 mark or even $2750. Nearer support is expected at $2,640. If calculated based on the cumulative increase in September, the adjustment ranges of 23.6% and 3range:.2% are at $2,635 and $2,603, and the expansion by 50% and 61.range:% is $2,578 and $2,553. The upward trend line supports $2,584, which is a key technical position and is also the 25-day moving average.

London Gold October 4
Forecast early range: 2649 – 2660
Resistance 2668 – 2676 – 2688 – 2701
Supports 2644 – 2630 – 2618 – 2606

SPDR Gold Trust gold holdings:
September 23 – 875.39 tons
September 24 – 877.12 tons
September 25 – 877.12 tons
September 26 – 877.12 tons
September 27 – 877.12 tons
September 30 – 871.94 tons
October 1 – 874.82 tons
October 2 – 874.82 tons
October 3 – 877.41 tons

3/10 AM London Gold Fix: $2644
3/10 PM London Gold Fix: $2647.65

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