Gold Breaks $3,900: XAUUSD Week Ahead (2–6 Nov 2026) and How I’m Handling NFP With Gold EA Pulse
Hi Steemit friends,
Gold had a rough week. XAUUSD broke below $3,900 on Friday and closed near $3,875, its lowest level in more than a year. Here's what happened, the levels I'm watching, and the news that could move gold this week.
Why gold fell
- Hawkish Fed. The Fed held rates at 3.75–4.00%, but 2 of 12 members voted for a hike. Markets now expect a December hike.
- Inflation is heating up. US PCE inflation rose to 3.6% a year in September, its biggest monthly jump since March.
- Oil spike. The attack near Hormuz pushed oil higher, which adds to inflation and rate fears.
- Liquidation. Gold kept falling even when the dollar and yields dipped, a sign that big players are cutting positions.
Beginner lesson: gold pays no interest. When rates are expected to rise, holding gold becomes less attractive, so price often falls. That's why Fed news matters so much for XAUUSD.
Key levels
| Level | What it means |
|---|---|
| 4,227 | Bearish view is invalid above this |
| 4,015 – 4,040 | Resistance zone bulls need to reclaim |
| 3,900 | Broken support, now likely resistance |
| 3,875 | Friday close |
| 3,800 | Next support analysts are watching |
Sentiment is heavily bearish. In Kitco's weekly survey, only 1 of 16 Wall Street analysts expected gold to rise this week. Retail traders were still slightly bullish.
High-impact news this week
- Tue 3 Nov: US midterm elections (expect volatility)
- Fri 6 Nov: US Nonfarm Payrolls, the biggest event of the week
- Tue 10 Nov: US CPI, which could decide the December Fed meeting
How I'm handling NFP with my EA
Gold can move $30 to $100+ in minutes around NFP. Spreads widen and slippage gets worse, which is exactly when many EAs get hurt.
That's why I built a news filter into Gold EA Pulse, the XAUUSD Expert Advisor I develop. It pauses trading around high-impact events like NFP and CPI instead of trading straight into the spike.
- MT5 version (news filter uses the MT5 Economic Calendar):
https://www.mql5.com/en/market/product/198422 - MT4 version (built-in news filter):
https://www.mql5.com/en/market/product/203803
Whether you trade manually or with an EA, my rules for this week:
- Lower your lot size or stay out during NFP.
- Always use a stop loss.
- Never risk more than 1–2% of your account per trade.
- Don't catch a falling knife. Wait for price to confirm a bounce before buying.
What's your view: will gold hold $3,800 or bounce back above $4,000? Let me know in the comments.
Disclosure: I'm the developer of Gold EA Pulse. This post is for education only and is not financial advice. Trading gold carries high risk, and past results don't guarantee future results.