Why is gold rallying in Asia?

Gold is not higher in this Asia session. The last price is 4012.44, down 0.11% on the day, with the daily trend down, the four-hour trend down, and a five-day change of down 3.09%. FX Street and FXEmpire have published on gold, which does not change that day reading.

How does gold affect EUR/USD and other majors?

The session figures do not show gold driving EUR/USD or the other majors. Gold is at 4012.44, down 0.11%, while EUR/USD is flat at 1.11733 with a down daily trend, and the dollar pairs are split between small gains and that unchanged euro.

What US events are on the calendar today?

Today's US releases are medium impact and timed in UTC. ADP Employment Change 4-week average is at 12:15, previous 18.5. At 12:30 come Durable Goods Orders, previous 0 and estimate 0.6, Nondefense Capital Goods Orders ex Aircraft, previous 1.6, Durable Goods Orders ex Defense, previous 0.1, and Durable Goods Orders ex Transportation, previous 0.3 and estimate 0.6. Housing Price Index (MoM) is at 13:00, previous 0.3 and estimate 0.1, then at 14:00 New Home Sales Change (MoM), previous 6.4, and Consumer Confidence, with no previous reading and no estimate.

Is oil replacing gold as a safe haven?

Nothing in the prices decides that question. WTI crude is at 100.283, down 0.28% on the day and up 2.22% over five days, while gold is at 4012.44, down 0.11% on the day and down 3.09% over five days. FXEmpire has raised oil beside gold in its coverage, which is not a forecast.

Gold Price Analysis: Soft XAU/USD, Mixed Dollar in Asia

Session brief Neutral bias Oct 27, 2026, 00:41 UTC

Daniel TanAsia-Pacific Market Analyst · ForexR analyst

Gold is down 0.11% at 4012.44 in the Asia session, between the pivot at 4006.97 and R1 at 4035.84. Dollar pairs disagree, so the bias stays neutral.

Instrument	Last	Day change	Pivot	Daily trend
EUR/USD	1.11733	+0.00%	1.11904	Down
Gold (XAU/USD)	4,012.44	-0.11%	4,006.97	Down
GBP/USD	1.33450	+0.03%	1.33514	Mixed
Bitcoin (BTC/USD)	80,120.41	+0.49%	79,893.14	Mixed
USD/JPY	157.547	+0.05%	157.243	Down
AUD/USD	0.70180	+0.05%	0.70214	Mixed
USD/CAD	1.40127	+0.01%	1.40208	Mixed
Ethereum (ETH/USD)	2,324.56	-0.11%	2,318.10	Down
Nasdaq 100 (US100)	29,411.1	+0.41%	29,186.4	Mixed
WTI Crude Oil (XTI/USD)	100.283	-0.28%	100.867	Up
Data as of 2026-10-27 00:31 UTC.

Asia Session Forex Snapshot

The Asia session dollar bias is neutral at 00:31 UTC, with daily trends split across pairs. Gold (XAU/USD) at 4012.44 is down 0.11% on the day, between the daily pivot at 4006.97 and R1 at 4035.84. Bitcoin leads the board at 80120.41, up 0.49% on the day, with the Nasdaq 100 next at 29411.1, up 0.41%. WTI crude lags at 100.283, down 0.28%. Ethereum at 2324.56 is down 0.11%, the same day change as gold. USD/JPY at 157.547 and AUD/USD at 0.7018 are each up 0.05%, GBP/USD at 1.3345 is up 0.03%, USD/CAD at 1.40127 is up 0.01%, and EUR/USD at 1.11733 is flat with a change of 0%. London opens at 07:00 UTC and has not started.

Instrument	Last	Change %	Daily trend
Bitcoin (BTC/USD)	80120.41	+0.49	mixed
Nasdaq 100 (US100)	29411.1	+0.41	mixed
USD/JPY	157.547	+0.05	down
AUD/USD	0.7018	+0.05	mixed
GBP/USD	1.3345	+0.03	mixed
USD/CAD	1.40127	+0.01	mixed
EUR/USD	1.11733	0	down
Gold (XAU/USD)	4012.44	-0.11	down
Ethereum (ETH/USD)	2324.56	-0.11	down
WTI Crude Oil (XTI/USD)	100.283	-0.28	up

Daily trends in the table do not agree. EUR/USD, gold and Ethereum are down on the daily trend, WTI crude is the only up daily trend, and GBP/USD, AUD/USD, USD/CAD, Bitcoin and the Nasdaq 100 are mixed. USD/JPY is down on the daily trend but mixed on the four-hour trend, and USD/CAD is mixed on the daily trend but down on the four-hour trend. The dollar bias is neutral.

Gold Price Analysis

Gold (XAU/USD) is at 4012.44, down 0.11% on the day. The day high is 4019.85 and the day low is 4004.03. The daily trend is down, the four-hour trend is down, daily RSI is 35.2, and the five-day change is down 3.09%. ATR is 73.71 dollars on the ATR and volatility guide. The pivot levels around the last price are the daily pivot at 4006.97, R1 at 4035.84 and S1 at 3984.22.

Price already sits above the daily pivot, so that pivot is support rather than an upside trigger. A break above R1 at 4035.84 would clear the nearest resistance. A move back below the daily pivot at 4006.97 would invalidate that view, and S1 at 3984.22 would be the support under the pivot.

USD/JPY and AUD/USD

USD/JPY is at 157.547, up 0.05% on the day, between the daily pivot and R1. The daily trend is down and the four-hour trend is mixed, so the evidence conflicts and the pair has no lean. Daily RSI is 48, the five-day change is down 0.58%, and ATR is 99.2 pips. The levels beside price are the daily pivot at 157.243, R1 at 157.855 and S1 at 156.863. Pushing through R1 at 157.855 would leave that resistance behind. Falling back under the daily pivot at 157.243 would invalidate that path, and S1 at 156.863 would sit below as support.

AUD/USD is at 0.7018, up 0.05% on the day, between S1 and the daily pivot. The daily trend is mixed and the four-hour trend is mixed. Daily RSI is 50.6, the five-day change is up 0.58%, and ATR is 45.9 pips. The levels beside price are S1 at 0.70042, the daily pivot at 0.70214 and R1 at 0.70314. A break below S1 at 0.70042 would take the Aussie under that support. Reclaiming the daily pivot at 0.70214 would invalidate the downside case, leaving R1 at 0.70314 as resistance above price.

Yields, Newsflow and Today's Calendar

Gold and crude are the shared subjects at FX Street and FXEmpire, while Forexcom and ExchangeRates focus on the yen and the euro. That grouping is the newsflow, as reported by those publishers, and it is not a demonstrated cause of the Asia moves.

US Treasury yields are the October 26 close. The two-year yield was at 4.68%, down 1 basis point versus October 23, the ten-year yield at 5% with a change of 0 basis points, the three-month yield at 4.22%, and the two-year to ten-year spread at 32 basis points, as rate context only.

Today on the economic calendar, the euro area release is the ECB Bank Lending Survey at 09:00 UTC, a high-impact item with no previous reading and no estimate. US releases today are medium impact. ADP Employment Change four-week average is at 12:15 UTC, with a previous reading of 18.5 and no estimate. At 12:30 UTC, Durable Goods Orders shows a previous reading of 0 and an estimate of 0.6, Nondefense Capital Goods Orders ex Aircraft a previous reading of 1.6, Durable Goods Orders ex Defense a previous reading of 0.1, and Durable Goods Orders ex Transportation a previous reading of 0.3 and an estimate of 0.6. Housing Price Index (MoM) is at 13:00 UTC, previous 0.3 and estimate 0.1. At 14:00 UTC, New Home Sales Change (MoM) has a previous reading of 6.4, and Consumer Confidence has no previous reading and no estimate.

Bottom Line

The Asia bias on the dollar is neutral because the daily trends do not line up. Gold is down on the day between the daily pivot at 4006.97 and R1 at 4035.84, with both the daily trend and the four-hour trend down. USD/JPY is up on the day against a down daily trend, AUD/USD is mixed below its pivot, and WTI crude is down on the day against an up daily trend and a mixed four-hour trend. London opens at 07:00 UTC, ahead of the ECB Bank Lending Survey at 09:00 UTC and the US releases from 12:15 UTC.