CWG Market Update: Gold Breaks Above 4,400 After Non-Farm Payrolls, Dollar Index Consolidates; Markets Await CPI Guidance
At the 09:29 Beijing cutoff, spot-gold bid was 4,414.40 and delayed DXY was 99.77. EUR/USD, GBP/USD, AUD/USD and USD/JPY were 1.1548, 1.3512, 0.7060, 159.19. Source timestamps differ; this is not a sy
Market overview
At the 09:29 Beijing cutoff, spot-gold bid was 4,414.40 and delayed DXY was 99.77. EUR/USD, GBP/USD, AUD/USD and USD/JPY were 1.1548, 1.3512, 0.7060, 159.19. Source timestamps differ; this is not a synchronized snapshot.
Key takeaway
July U.S. payrolls fell by 23,000, leaving the dollar and gold in a post-data repricing phase. No CPI result is assumed before August 12; any range break needs live confirmation.
Core market data
| Asset | Latest | Change | Interpretation |
|---|---|---|---|
| XAU/USD | 4,414.40 | +26.30 (+0.60%) | spot gold bid; support 4,400.00 / 4,312.60; resistance 4,420.80 / 4,450.00.
[S1] 2026-08-11 09:29 Beijing Time · verified
|
| DXY | 99.77 | -0.04 (-0.04%) | delayed U.S. Dollar Index cash-index reference; support 99.73 / 99.60; resistance 99.81 / 100.00.
[S2] 2026-08-11 08:59 Beijing Time · verified
|
| EUR/USD | 1.1548 | +0.0004 (+0.03%) | spot FX reference quote; support 1.1542 / 1.1520; resistance 1.1553 / 1.1580.
[S3] 2026-08-11 09:13 Beijing Time · verified
|
| GBP/USD | 1.3512 | +0.0006 (+0.04%) | spot FX reference quote; support 1.3501 / 1.3480; resistance 1.3516 / 1.3540.
[S4] 2026-08-11 09:17 Beijing Time · verified
|
| AUD/USD | 0.7060 | +0.0006 (+0.09%) | spot FX reference quote; support 0.7050 / 0.7035; resistance 0.7062 / 0.7080.
[S5] 2026-08-11 09:29 Beijing Time · verified
|
| USD/JPY | 159.19 | -0.12 (-0.07%) | spot FX reference quote; support 159.12 / 158.80; resistance 159.33 / 159.60.
[S6] 2026-08-11 08:28 Beijing Time · verified
|
Market review
July U.S. payrolls fell by 23,000, unemployment was 4.1% and hourly earnings rose 3.2% y/y. Latest official H.15 closes: 2Y 4.19%, 10Y 4.65%, 30Y 5.19%.
1 Employment data confirmed
July payrolls fell by 23,000 and unemployment was 4.1%. No unverified forecast is added.
2 Non-synchronous quotes
DXY is delayed, gold is a spot bid and FX values are separate page references; timestamps must be read independently.
Market dynamics
1 Gold range
Gold bid is 4,414.40 within the verified 4,312.60-4,420.80 day range.
2 Treasury curve
Latest official closes are 2Y 4.19%, 10Y 4.65% and 30Y 5.19%.
3 Inflation data ahead
July CPI and real earnings are scheduled for August 12 at 20:30 Beijing Time; no actual value is available yet.
Economic calendar - confirmed times only
| Beijing time | Region | Confirmed event | Status |
|---|---|---|---|
| 08-12 20:30 | US | U.S. CPI and real earnings - July | Time verified; not released at cutoff |
| 08-13 20:30 | US | U.S. PPI - July | Time verified; not released at cutoff |
| 08-18 20:30 | US | U.S. import and export prices - July | Time verified; not released at cutoff |
Cross-asset verified comparison
Technical levels
Levels use only the latest verified references. Recheck live prices and spreads before acting.
| Asset | Reference | Resistance | Support | Invalidation |
|---|---|---|---|---|
| DXY | 99.77 | 99.81 / 100.00 | 99.73 / 99.60 | Below 99.60 |
| EUR/USD | 1.1548 | 1.1553 / 1.1580 | 1.1542 / 1.1520 | Below 1.1520 |
| GBP/USD | 1.3512 | 1.3516 / 1.3540 | 1.3501 / 1.3480 | Below 1.3480 |
| USD/JPY | 159.19 | 159.33 / 159.60 | 159.12 / 158.80 | Below 158.80 |
| AUD/USD | 0.7060 | 0.7062 / 0.7080 | 0.7050 / 0.7035 | Below 0.7035 |
| XAU/USD | 4,414.40 | 4,420.80 / 4,450.00 | 4,400.00 / 4,312.60 | Below 4,312.60 |
Released data
| U.S. Employment Situation - July | Payrolls -23,000; unemployment 4.1%; hourly earnings +3.2% y/y | [S9] |
| U.S. Q2 real GDP, advance | +1.5% annualized; Q1 +2.1% | [S10] |
| U.S. June core PCE | +0.1% m/m; +3.3% y/y | [S11] |
| U.S. Q2 nonfarm productivity, prelim. | Productivity +1.4%; unit labor costs +1.3% | [S12] |
Conditional scenarios
| Trigger | Confirmation | Invalidation | Path |
|---|---|---|---|
| DXY above 100.00 | Gold below 4,400.00 and EUR/USD below 1.1520 | DXY below 99.60 | A firmer dollar may pressure gold and non-dollar currencies. |
| DXY below 99.60 | Gold above 4,420.80 and EUR/USD above 1.1553 | DXY back above 100.00 | A softer dollar may allow gold and non-dollar currencies to recover. |
Not a trading instruction. Confirm all triggers with live platform data.
Hot markets: charts and key ranges
Four panels cover XAU/USD, EUR/USD, GBP/USD, USD/JPY and position each reference within its verified day range; they do not depict an intraday path. Replacement reason: USD/JPY replaces AUD/USD because a traceable same-morning report highlighted renewed sensitivity to possible coordinated Japan-U.S. yen intervention.
