Friday feels a bit heavier this week, with global markets carrying a noticeable wobble.
The U.S. unemployment rate edged up to 4.4%, adding to the sense that the labour market is beginning to cool after years of running hot. It’s not a panic signal – but it’s definitely a shift in momentum, and traders are treating it that way.

Closer to home, the AS200 has taken a sharp hit over the past week as investors step back from risk and reassess valuations. Tech-heavy names have been under the most pressure, mirroring what we’ve seen in the U.S., where the US500 is down roughly 5% in its latest moves. The question on everyone’s mind: is the AI bubble finally starting to deflate, or is this just a temporary shakeout? Sentiment is split. Some analysts think we’re seeing the first signs of investors demanding real revenue over hype. Others argue this is simply a cooling phase after a blistering two-year run. Either way, the shine has definitely dulled.

Against that backdrop, gold and silver have steadied nicely after the sharp volatility we’ve seen recently. Both metals are forming what looks like a classic cup-and-handle pattern on the daily charts – a structure that traders traditionally read as a bullish continuation signal. With broader markets sliding and uncertainty building, any sign of consolidation in bullion tends to draw fresh interest.

For now, precious metals are behaving exactly how you’d expect in an uneasy macro environment: not surging, not collapsing – just quietly holding their ground while the rest of the financial world argues about whether the future is AI-powered or AI-overpriced.

Enjoy the weekend, remember to do your own research before investing and we’ll catch you next week with more news.

Market Snapshot

Gold – $AU6332
Silver – $AU78.77
US500 – 6532
ASX200 – 8413
AUD/USD – 0.6440

Gold Futures Technical Analysis

Technical indicators for Gold Futures suggest a STRONG BUY on both monthly and weekly analyses.

Technical Indicators – Monthly Projections

RSI(14)	Overbought
STOCH(9,6)	Buy
STOCHRSI(14)	Overbought
MACD(12,26)	Buy
ADX(14)	Overbought
Williams %R	Overbought
CCI(14)	Buy
ATR(14)	High Volatility
Highs/Lows(14)	Buy
Ultimate Oscillator	Buy
ROC	Buy
Bull/Bear Power(13)	Buy