Gold Price Analysis Today | Forex Gold Analysis | XAU/USD Analysis - November 6, 2026 - Mitrade

AI desk brief

• Gold traded near $4,098 on November 6, 2026, after reaching $4,148. Mitrade attributes support to a technology-stock selloff, a 10-year Treasury yield decline to 4.82% and December Fed-hike odds falling to 66–69%; nominal yields alone do not establish real-yield changes.
• Mitrade’s upside scenario requires support at $4,065–4,075 to hold and resistance through $4,157 to be reclaimed, opening $4,187–4,227. A break below $4,065 instead opens $4,025–4,036.
• Payrolls were expected to rise 65,000, with unemployment at 4.2%. Softer employment could support gold through reduced tightening expectations, while Brent at $98.29 following a Hormuz vessel attack raises competing inflation and haven-demand risks.