Today (Monday, July 6, 2026), spot gold is likely to open flat or slightly higher during the Asian session, continuing to consolidate at high levels as it digests last Friday's nonfarm payroll rebound, with the core trading range at 4120–4220 USD/oz. Last Friday, the U.S. market closed early due to the Independence Day holiday, settling around 4174 USD. Volatility may increase on Monday as overseas capital returns.



📊 Key Levels for Monday Open (International Spot Gold)

- Strong Resistance: 4195–4200 USD (tested multiple times without holding, heavy trapped positions); break above targets 4220–4250
- Bull/Bear Divide: 4150 USD; below this level leans bearish
- Short-term Support: 4130–4135 USD; strong support at the psychological 4100 level (intact rebound structure as long as it holds)

📌 Three Major Influencing Factors

1. Nonfarm Afterglow Bullish: U.S. June nonfarm payrolls added only 57K (expected 110K), cooling Fed rate hike expectations and weakening the dollar, short-term bullish for gold.
2. Liquidity Return After Holiday: U.S. Independence Day holiday ends, institutional capital flows back, prone to gaps or sudden amplified volatility—watch for slippage.
3. Technical Pressure: 4200 is strong resistance; most institutions view the current move as a bounce within a downtrend rather than a trend reversal, with profit-taking pressure overhead.

🎯 Opening Scenario Forecast

- Bullish (approx. 35%): Slightly higher open, testing 4180–4200; if volume breaks 4200, short-term bullish targeting 4220+
- Sideways (approx. 50%): Flat open, range-bound between 4150–4195, waiting for this week's U.S. services PMI and Fed officials' speeches for direction
- Pullback (approx. 15%): Profit-taking retesting 4130–4100; as long as 4100 holds, it's a healthy correction

⚠️ The above is a summary of market analysis and does not constitute investment advice. Gold is highly volatile; please manage position sizes and use strict stop-losses.
If you need me to provide a converted reference range for your domestic paper gold/accumulated gold/futures, or to look at the overall weekly outlook, feel free to let me know.
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