Gold rose above $4,000 on Nov 4, 2026 as the US dollar slipped post‑midterm, while Bitcoin hovered around $77,300, testing its $75,000 support.

On 4 Nov 2026 gold prices moved back above the $4,000 mark, a level that many traders view as the gateway to a longer‑term rally. The rebound coincided with a drop in the US dollar index toward 101.30 after the US mid‑term election, while Bitcoin stayed near $77,300, testing a critical $75,000 support area.

Why gold broke $4,000 and what it means for the market

The US dollar’s slide reduced the cost of buying gold in dollar terms, allowing the XAU/USD pair to climb to $4,029.23, up 2.05 % at 07:00 UTC. Technical charts show the daily pivot at $3,935.05, with resistance at $3,974.53 and support at $3,898.75. A close above $4,000 would suggest the next target around $4,250, the level that has held as resistance earlier in the year.

Fundamental drivers also supported the move. The World Gold Council reported that central banks added 321 tonnes of gold in the third quarter, signalling continued demand for reserve diversification. At the same time, US spot Bitcoin ETFs recorded a net outflow of $115.6 million, indicating a modest shift away from crypto assets.

Bitcoin’s battle at the $75,000 zone

Bitcoin’s price action was mixed. After slipping to a low of $75,600 on Wednesday, the cryptocurrency rebounded above $77,300, keeping the $75,000 support intact. Analysts note that a break below $75,000 could open a path toward $70,000, and further down to $66,000 if the descending wedge pattern holds.

The crypto market is also feeling political pressure. Democratic gains in the mid‑term election have raised concerns about tighter regulatory oversight, which may have contributed to the recent outflows from US‑listed Bitcoin ETFs.

Read also: Gold declines below $3,950 as US dollar strengthens, midterm elections in focus

The gold‑to‑Bitcoin ratio as a cross‑asset signal

Historically, the gold‑to‑Bitcoin ratio has moved in a descending channel since 2013. When the ratio spikes, Bitcoin tends to bottom and gold rallies; when the ratio falls, the opposite occurs. The ratio recently broke the channel in September 2025 and has been trending lower. A decisive break below 0.05 would signal renewed Bitcoin strength, while staying above 0.08 would keep pressure on the crypto market.

Traders are watching the ratio because it links two assets that react to opposite forces: gold to real‑yield expectations and the dollar, Bitcoin to risk appetite and regulatory news.

What to watch next

The market’s next catalyst is the US non‑farm payroll report due on Friday, 6 Nov 2026. A stronger jobs number could revive expectations of higher interest rates, which would likely support gold’s defensive appeal and weigh on Bitcoin. Key technical levels to monitor are $4,250 for gold and $75,000 for Bitcoin.

• Gold: $4,000 psychological level; next resistance $4,250
• Bitcoin: $75,000 support; next downside target $70,000
• US dollar index: around 101.30; watch for moves after payroll data
• Gold‑to‑Bitcoin ratio: watch 0.05 break for crypto bias

Frequently asked questions

Official data sources

• Federal Reserve (Fed)
• World Gold Council – Goldhub

Related news

• Gold declines below $3,950 as US dollar strengthens, midterm elections in focus
• Ethereum price below $2,309 realized price as US selling intensifies
• Gold XAU/USD holds above $3,870 support as downside risk builds
• Market overview: NZ unemployment rise, US midterms and crypto sentiment shape trading

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This article is compiled from international market news for information only. It is not investment advice.