Daily Gold Trading Signals (XAU/USD) 10/02/2025

Morning Analysis: 

Daily gold trading signals: The People’s Bank of China (PBOC) increased its gold reserves for the third consecutive month in January, supporting gold prices as China remains the world’s largest gold consumer. Reserves rose to 73.45 million fine troy ounces, up from 73.29 million in December. Economist David Qu from Bloomberg Economics noted that the PBOC is likely to continue diversifying its reserves amid growing geopolitical uncertainty. Meanwhile, US labor market data released on Friday indicated continued strength, which could delay Federal Reserve (Fed) rate cuts. The US added 143,000 jobs in January, below the expected 170,000, while the unemployment rate edged down to 4.0% from 4.1%. As a result, traders now anticipate only one Fed rate cut this year, potentially boosting the US Dollar and pressuring gold prices. Gold accumulates in a good growth price zone, around 2880 and adjusts sideways at the beginning of the week.

Trend	Bullish
Buy Zone	2865
Sell Zone	2900
Resistance	2885 to 2890 to 2895
Support	2865 to 2870 to 2875
Performance of Day’s Signal	Bullish (H1-H4)
Insights for Tomorrow	Bullish

– Key News Impact:

– Signal:

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