24/7 SUPPORT
Download App
Published: 30 June 2026,06:01
Daily Market Analysis New
*Dollar Index holds near 101.6 and remains on track for a solid quarterly gain
*Markets focus on Thursday’s U.S. payrolls report for fresh Fed policy signals
*Gold falls below $4,000 as stronger USD and improving risk sentiment reduce safe-haven demand
The Dollar Index traded around 101.6 after a mild pullback in the previous session, but the greenback remains on track for a solid quarterly gain. The dollar continues to be supported by stronger relative U.S. growth, resilient labor-market expectations, and cautious Federal Reserve pricing.
This stronger dollar backdrop has continued to weigh on gold, with the precious metal extending losses and breaking below the psychological level of $4,000. As gold is priced in U.S. dollars, a firmer greenback makes the metal more expensive for holders of other currencies, reducing demand and limiting upside momentum.
The key economic event this week will be Thursday’s U.S. payrolls report. Markets expect employers to add around 110,000 jobs, while the unemployment rate is expected to remain steady at 4.3%. A stronger-than-expected reading could further support the dollar by reinforcing expectations that the Fed may keep interest rates elevated for longer, which would place additional pressure on non-yielding assets such as gold.
Investors are also assessing recent U.S. Supreme Court decisions, including the refusal to allow President Trump to fire Fed Governor Lisa Cook. The decision helped ease concerns over Federal Reserve independence under the Trump administration, supporting confidence in the central bank’s policy credibility and reducing uncertainty around the Fed’s decision-making process.
At the same time, improving global risk sentiment has reduced demand for safe-haven assets. The potential ceasefire deal between the United States and Iran has encouraged investors to rotate back into riskier assets, while easing concerns over broader geopolitical escalation. Washington said negotiations with Tehran are expected to begin Tuesday in Doha, while Iran’s Foreign Ministry stated that it would send a delegation of experts but ruled out direct talks.
As a result, gold is facing pressure from two sides: a stronger U.S. dollar driven by resilient economic expectations, and lower safe-haven demand as geopolitical fears ease. Unless the dollar weakens meaningfully or geopolitical risks resurface, gold may struggle to regain upside momentum in the near term.
Overall, market focus will remain on the upcoming U.S. payrolls report and U.S.–Iran negotiations. Strong labor data could extend the dollar’s rally and keep gold under pressure, while weaker data or renewed geopolitical uncertainty may provide short-term support for the precious metal.
Technical Analysis
GOLD, H4:
Gold prices are trading lower, currently hovering near the 4,055.00 support level, which remains a key downside pivot.
Market attention is focused on a potential breakdown below this support zone. A confirmed break below 4,055.00 could extend losses toward the next support at 3,720.00, signaling a deeper corrective move.
However, momentum indicators suggest that selling pressure may be easing. The MACD is showing diminishing bearish momentum, while the RSI at 36 is forming a bullish crossover, indicating the possibility of a short-term technical rebound.
If bearish momentum fails to persist, gold may recover and retest the 4,365.00 resistance level, with further upside toward 4,855.00 if momentum strengthens.
Resistance Levels: 4365.00, 4855.00
Support Levels: 4055.00, 3720.00
Trade forex, indices, metal, and more at industry-low spreads and lightning-fast execution.
Sign up for a PU Prime Live Account with our hassle-free process.
Effortlessly fund your account with a wide range of channels and accepted currencies.
Access hundreds of instruments under market-leading trading conditions.
Trading Platforms
Learn
About PU Prime
Corporate
Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.
Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.
By clicking the "Acknowledge" button, you confirm that you are entering this website solely based on your initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on reverse solicitation in accordance with the laws of your home jurisdiction.
Thank You for Your Acknowledgement!
Ten en cuenta que el sitio web está destinado a personas que residen en jurisdicciones donde el acceso al sitio web está permitido por la ley.
Ten en cuenta que PU Prime y sus entidades afiliadas no están establecidas ni operan en tu jurisdicción de origen.
Al hacer clic en el botón "Aceptar", confirmas que estás ingresando a este sitio web por tu propia iniciativa y no como resultado de ningún esfuerzo de marketing específico. Deseas obtener información de este sitio web que se proporciona mediante solicitud inversa de acuerdo con las leyes de tu jurisdicción de origen.
Thank You for Your Acknowledgement!
