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Gold holds near 4148.88, London range 226.3 pips

US Trade Balance is scheduled at 12:30 UTC, 229 minutes away

XAUUSD · London session · Published Oct 6, 2026, 8:40 AM

Gold last traded at 4148.88, inside a London session that has run between 4128.36 and 4151.00, a range of 226.3 pips. The nearest level above is the previous session high at 4152.38, 35 pips away, with the round number at 4150.00 just 11.2 pips above the last price. Below sit the round number at 4140.00, 88.8 pips down, and the session open at 4131.50, 173.8 pips down.

The Asia session closed at 4131.52 after trading between 4102.38 and 4152.38, a range of 499.9 pips over 540 minutes. The prior trading day ranged 470.2 pips, while an ordinary day over the last 14 covers 856.5 pips; the latest day sits at the 2nd percentile of the last 42 days we hold, which is a calm day for this market.

US Trade Balance is due at 12:30 UTC, with Imports and Exports at the same time, followed by a Fed Governor Bowman Speech at 14:45 UTC and a 3-Year Note Auction at 17:00 UTC. Over 51 past trade balance releases XAUUSD moved 53.00 pips on average in the first 15 minutes and 100.40 in the first 60, in either direction.

Large speculators are net long 218632 contracts, a change of -7221 on the week, the 73rd percentile of the last 52 weekly reports. The most recent headline, graded impact 2 of 3 for XAUUSD, was published at 08:38 UTC.

Session brief

  1. XAUUSD, London sessionOpen 4131.50, high 4151.00, low 4128.36, close 4148.88: a range of 226.3 pips over 101 minutes, from our own one-minute candles.
  2. XAUUSD reference levelsPrevious day and previous week high and low, the session open and the round numbers either side, measured on our own candles.
  3. XAUUSD, Asia sessionOpen 4142.82, high 4152.38, low 4102.38, close 4131.52: a range of 499.9 pips over 540 minutes, from our own one-minute candles.
  4. XAUUSD daily rangeAn ordinary day of the last 14 covers 856.5 pips. The latest day sits at the 2nd percentile of the last 42 days we hold, which is a calm day for this market. Measured on our own candles.
  5. Economic calendar for XAU and USD6 scheduled releases of impact 2 or 3 in the 24 hours to 2026-10-07 08:40 UTC. Our calendar covers up to 2026-11-05 00:00 UTC.
  6. XAUUSD reaction to trade_balance_usdOver 51 past releases XAUUSD moved 53.00 pips on average in the first 15 minutes and 100.40 in the first 60, in either direction. Measured on our own one-minute candles.
  7. CFTC Commitments of Traders, 088691Large speculators are net long 218632 contracts, a change of -7221 on the week. That is the 73rd percentile of the last 52 weekly reports.
  8. Dow Jones futures rise due to easing Fed rate hike expectationsFXStreet. Graded impact 2 of 3 for XAUUSD by our headline classifier.
  9. USD Trade BalanceScheduled 2026-10-06 12:30 UTC, impact 2 of 3. Forecast -100.8B. Previous -88.6B. From Forex Factory.

Written once by FxMind's desk from our own market data, the same text every reader sees.

Context on the market, not a trade recommendation. The decision is the trader's.