Market Overview

Gold Surges to New Weekly Highs, AUDUSD Tracks Higher

ADFX Team

Market Recap 

XAUUSD 
XAUUSD closed the 06 Oct session at 3961.22, up 71.38 or 1.835% from the 01:00 open. Price first dipped to the day’s low at 3884.18 at 01:10, then advanced through the rest of the session to register the high at 3970.14 at 19:08, before settling slightly below that peak. The intraday range measured 85.96, representing 2.21% of the opening level. The close was positioned near the top of the day’s span, finishing about 9 points under the high and roughly 77 points above the low, indicating a session that progressed from an early downside probe to higher levels into the evening. Round numbers were traversed as the market moved up from the upper-3800s through 3900 and 3950 toward 3970. From a short-term technical context, the close stood above the H1 20-period simple moving average at 3943.45. On a broader backdrop, it also remained above the H4 50-period simple moving average at 3837.69. On the daily framework, the lower Bollinger Band was situated at 3545.03, far below prevailing prices. The sequence of prints—low set within minutes of the open, high established at 19:08, and close near the session’s upper extreme—left the market finishing firmly within the upper segment of the day’s distribution while maintaining distance above cited moving averages. No tick volume figures were available. 

(XAUUSD M5) 

AUDUSD 
AUDUSD advanced over the session, closing at 0.66128, up 0.00356 or 0.541% from the 0.65772 open. Price set the day’s low almost immediately at 00:05 at 0.65771 and then worked higher through the 0.6600 handle, ultimately printing the high at 0.66199 at 22:36 before settling slightly below that peak. The intraday range measured 0.00428 (about 43 pips), equivalent to 0.65% of the open, and the close was positioned near the upper end of that span. The structure was one of an early low followed by a late-session high, with the market spending the latter part of the day north of 0.6600 and finishing above that round level. Relative to short-term trend measures, the close at 0.66128 stood above the H1 20-period simple moving average at 0.66086, while the open began below it, marking a session that transitioned from sub- to supra-average pricing on that timeframe. On the daily backdrop, the MACD reading was 0.0, signaling no stated momentum bias from that indicator in the provided data. Notably, the high at 0.66199 sat just under 0.6620, while the session low was within a fraction of a pip of the open, highlighting a directional day that retained gains into the close. By the bell, AUDUSD had consolidated near the session highs, keeping the finish clustered in the top portion of the day’s range after traversing the 0.6600 figure. 

(AUDUSD M4) 

Economic Calendar Recap & Preview 

Amid a quiet start to the week, no major economic data was released over the past 24 hours; scheduled central bank appearances—remarks by ECB President Lagarde and BoE Governor Bailey—occurred but are excluded from the data recap, leaving no actual-versus-forecast comparisons to gauge shifts in inflation, growth, or labor conditions. With no CPI, payrolls, retail sales, PMIs, or GDP updates on the tape, there were no calendar-driven surprises to alter near-term policy expectations. Looking ahead to the next 24 hours, the calendar similarly contains no headline data prints. Market attention will focus on two appearances by ECB President Lagarde: the first at 11:00 server time and a second at 19:10. These are speeches, so there are no previous values or consensus forecasts attached. In the absence of fresh hard data, investors are likely to parse any guidance on the inflation outlook, wage dynamics, and the transmission of prior tightening to activity and credit, as this may shape expectations for the timing and pace of future rate moves; in simple terms, more hawkish signaling would typically be associated with upward pressure on front-end yields and a firmer euro. As these are live remarks, traders should be mindful of potential intraday volatility around the speaking windows, especially if comments deviate from recent ECB communication or touch on balance sheet plans, reinvestments, or the reaction function to incoming prices. 

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