Market Analysis
NAS100 midweek: index holds 30300 after soft start, 2026-09-28
NAS100 sits at 30334.37 on Wednesday, down 234.70 points from Monday's open, with the week's range still set by Monday's 30617.83 high and 30079.80 low.
3 min readXAUUSD opened Monday at 4332.69 and closed the week at 4332.82, effectively flat after a wide round trip. The high of the week printed at 4449.61 on Thursday, and the low sat at 4310.81 on Friday. Price traveled more than 130 dollars from peak to trough yet finished within a few cents of where it started, a sign that the rally was sold as fast as it built.
The bundle carries no scheduled economic prints for the closing week, so the tape was driven by flow and headlines. ForexLive noted that gold buyers lost momentum in the final stretch, and the Friday candle confirms it. After the Thursday spike to 4449.61, sellers took control and dragged price back below 4335 by the close.
Volume tells part of the story. The four full sessions ran between 239,000 and 267,000, while Friday's partial print collapsed to 63,855. Thin liquidity into the weekly close made the fade easier, with no fresh buying to defend the highs.
The bundle lists no high-impact calendar events for the coming week. With no scheduled catalysts, watch dollar direction and risk sentiment as the primary drivers. If broad dollar strength returns, gold typically comes under pressure and the recent lows get retested. If the dollar softens, the metal usually finds bids and the Thursday high moves back into focus. Treat any move on thin flow with caution until fresh two-way volume returns.
Sentiment on XAUUSD sits at 56.2 percent long against 43.8 percent short. That is a modest long skew, not an extreme. Consensus still leans bullish, but the crowd is far from one-sided, which fits a week that closed flat after failing at the highs.
The weekly high at 4449.61 is the first ceiling. If price closes above it, the round 4450 zone becomes the pivot buyers must hold. On the downside, the Friday low at 4310.81 is the line in the sand. If that breaks, the round 4300 handle is back in play. A move that reclaims 4400 keeps the range intact and shifts attention back toward the highs. Silver often tracks these swings, so watch Silver for confirmation, and if you want to follow gold in real time you can open an LHFX account to track the tape live.
Byline: LHFX Research
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