US Jobs Cool, Yields Slide: Gold Holds Firm Above $4,100

Global Market Review 05/10/2026

• Treasury yields retreated after the data, with the 10-year fall to 5.28% and the Dollar Index to around 101.9.
• The three major U.S. indices extended their mild rebound, led by the Nasdaq (+1.9%).
• WTI fell below $90 in early Monday trade, while gold rebounded to $4,160 after the data and held above $4,145.

Important Economic Calendar

Key Events on October 5 (GMT+8)

• China Holiday

Key Events on October 6 (GMT+8)

• China Holiday

Markets Analysis 05/10/2026

• Resistance: 1.1313/1.1355
• Support: 1.1217/1.1176

Analyst’s View: EUR/USD is staging a modest recovery amid a softer Dollar and lower yields but remains cautiously bearish; a break above 1.1355 would extend the rebound, while a drop below 1.1176 would open more downside.

Bias: Low-Level Oscillation, Cautiously Bullish; Watch Eurozone and U.S. PMIs

• Resistance: 1.3274/1.3334
• Support: 1.3179/1.3118

Analyst’s View: GBP/USD is attracting short-term inflows as the Dollar retreats, but it remains capped by slowing UK growth and BoE policy uncertainty. A break above the 1.3274/1.3334 zone would confirm a recovery, while a drop below 1.3118 would expose the downside.

Bias: Hovering near lows, cautiously bullish; watch for a break above resistance

• Resistance: 157.97/158.22
• Support: 157.42/157.18

Analyst’s View: USD/JPY leans toward testing support. A hold above 157.18 could allow a rebound, while a break below it opens further downside, with Treasury yields and BoJ signals in focus.

Bias: Mild Decline; watch whether key support holds

• Resistance: 91.78/92.74
• Support: 88.69/87.75

Analyst’s View: WTI is firmly oscillating amid Middle East tensions and supply concerns, with direction hinging on geopolitics and U.S. inventory data; a break above $91.78 could extend gains, while a drop below $88.69 risks a return to its downward channel.

Bias: Oscillating with Bullish Bias; watch for a break of resistance

• Resistance: 4189/4214
• Support: 4135/4111

• Resistance: 62.39/63.03
• Support: 60.96/60.31

Analyst’s View: Gold rebounded to around $4,160 after the weak payrolls but remains capped by high yields, with a neutral RSI and repairing but limited MACD momentum. A break above 4189/4214 would target $4,228, while a drop below $4,135 risks $4,111. Silver, rebounding above $61, tracks it within a 60.96–62.39 range.

Bias: Cautiously Bullish

• Resistance: 51440/51648
• Support: 50972/50759

Analyst’s View: The Dow is rebounding amid weak jobs data; a break above 51440/51648 would extend gains, while a breakdown below support risks a fall toward 50332, with yields and macro data adding volatility.

Bias: Mild Rebound; watch for a break of resistance

• Resistance: 31023/31115
• Support: 30786/30714

Analyst’s View: The Nasdaq is lifted by weak payrolls and lower yields and could strengthen further on a break above 30,805. A breach of 30786/30714 risks a pullback to 30356, with this evening’s U.S. Services PMI the next guide.

Bias: Short-Term Rebound; watch prior-high resistance

• Resistance: 87369/87926
• Support: 86102/85536

Analyst’s View: BTC shows strength with institutional and ETF inflows after US bond yields slid, testing resistance at 87,369–87,926. However, overhead resistance remains heavy. Failure to hold $84,800 support could trigger a deeper correction, with support at $82,570.

Bias: Short-term bullish, medium-term cautious.

Disclaimer: This analysis is for reference only and does not constitute investment advice.