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fxJul 2, 2026, 6:33 AM

Gold Holds Near $4,062 as Holiday-Shifted NFP Tests $4,120 Breakout

Gold is consolidating near $4,062 with a cautiously constructive tone, testing overhead supply at the $4,120 breakout level after a sharp reversal on Wednesday. The upcoming holiday-shifted Non-Farm Payrolls report may influence the next move.

XAUUSD

Gold is trading around $4,062, holding a cautiously constructive tone as it consolidates just below overhead supply. This follows a sharp reversal from the $4,120 breakout level on Wednesday.

Traders are now eyeing the holiday-shifted Non-Farm Payrolls (NFP) report, which could provide the catalyst for a renewed attempt or a deeper pullback. The metal remains range-bound near these levels as the market weighs labor data against broader risk sentiment.

Key levels to watch: immediate resistance at $4,120, with support near $4,062 and the recent reversal low.

Source: FXStreet Forex News