---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000883768.md"
description: "$Gold.com(GOLD.US)Gold (XAUUSD) Rebounds +1,060 Pips After Selling Pressure! 🚀Gold staged a strong overnight recovery, rallying over 1,060 pips (+$105/oz) off its yesterday $4,282 low to trade back closed near $4,388! 🔷 Technical Snapshot 1️⃣  Support Hold: Buyers stepped in near the lower Bollinger Band ($4,241–$4,282 zone).2️⃣  RSI Normalizing: Daily RSI bounced back to 51.28, easing short-term oversold conditions.3️⃣  Resistance Target: The 20-day SMA around $4,450–$4,458 stands as the next key overhead level.🔷 Fundamental Driver:This short-covering bounce follows heavy selling sparked by hawkish Fed rate hike expectations. Traders are now recalibrating positions ahead of crucial US labor market data (NFP), tomorrow.Is this the start of a trend reversal or just a temporary relief bounce? 💬👇 Not financial advice. Please do your own DD. Trade with care.🫡"
datetime: "2026-09-03T01:52:12.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000883768.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000883768.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000883768.md)
author: "[Fattycat](https://longbridge.com/en/profiles/19854884.md)"
generator: "portal-rs"
---

# $Gold.com(GOLD.US)Gold (XAUUSD) Rebounds +1,060 Pi…


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## Comments (1)

- **Fattycat · 2026-09-03T15:19:53.000Z**: Gold rally ahead of NFP.


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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**