JOLTs Job Openings decreased from 7.335 million (revised from 7.271 million) to 7.079 million, compared to analyst forecast of 7.23 million.
Traders also had a chance to take a look at the CB Consumer Confidence report. The report showed that CB Consumer Confidence declined from 88.6 (revised from 89.4) in August to 81.9 in September, compared to analyst consensus of 89.2.
Currently, U.S. Dollar Index is trying to settle above the resistance level at 101.50 – 101.65. In case U.S. Dollar Index manages to settle above the 101.65 level, it will head towards the next resistance, which is located in the 102.35 – 102.50 range. RSI is in the overbought territory, but there is some room to gain additional upside momentum in the near term.
Silver attracts some buyers after touching a fresh low since August 5 earlier this Tuesday.
The oversold daily RSI prompts some intraday short-covering, warranting caution for bulls.
Any further recovery move could be seen as a selling opportunity and fade rather quickly.
Silver (XAG/USD) registers a modest recovery from the $60.30 area, or the lowest level since August 5, touched earlier this Tuesday, though it lacks follow-through. Nevertheless, the white metal sticks to intraday gains through the early European session and currently trades just below the $61.00 mark, up over 0.50% for the day.
From a technical perspective, the Relative Strength Index (RSI) hovers near oversold levels around 28, hinting at stretched downside conditions and prompting some intraday short-covering. Meanwhile, the Moving Average Convergence Divergence (MACD) indicator stays in negative territory with a weak profile, not yet signaling a confirmed reversal. Moreover, the XAG/USD holds well beneath the 200-period Exponential Moving Average (EMA) at $64.64, maintaining a bearish near-term tone.
Hence, any subsequent move up is likely to confront initial resistance near the $61.00 round figure. Some follow-through buying should pave the way for a further recovery to the $61.80-$61.85 intermediate hurdle, before the XAG/USD climbs further beyond the $62.00 and aims to test the $62.40-$62.45 horizontal support breakpoint. The latter should act as a key pivotal point, and sustained strength beyond it is needed to back the case for any further appreciating move for the white metal.
On the downside, weakness there is no meaningful support, and traders may look to the $60.00 psychological round number to gauge the next leg of a directional move. A convincing break should pave the way for a fall to the $59.40-$59.35 support before the XAG/USD slides further towards the $59.00 mark. If the metal extends its decline, bears might then aim to challenge the August monthly low, around the $56.60-$56.55 zone, with some intermediate support near the $57.00 round figure.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
XAG/USD daily chart
Silver FAQs
Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets.
Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold’s. As a yieldless asset, Silver tends to rise with lower interest rates. Its moves also depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAG/USD). A strong Dollar tends to keep the price of Silver at bay, whereas a weaker Dollar is likely to propel prices up. Other factors such as investment demand, mining supply – Silver is much more abundant than Gold – and recycling rates can also affect prices.
Silver is widely used in industry, particularly in sectors such as electronics or solar energy, as it has one of the highest electric conductivity of all metals – more than Copper and Gold. A surge in demand can increase prices, while a decline tends to lower them. Dynamics in the US, Chinese and Indian economies can also contribute to price swings: for the US and particularly China, their big industrial sectors use Silver in various processes; in India, consumers’ demand for the precious metal for jewellery also plays a key role in setting prices.
Silver prices tend to follow Gold’s moves. When Gold prices rise, Silver typically follows suit, as their status as safe-haven assets is similar. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, may help to determine the relative valuation between both metals. Some investors may consider a high ratio as an indicator that Silver is undervalued, or Gold is overvalued. On the contrary, a low ratio might suggest that Gold is undervalued relative to Silver.
The EUR/USD pair is currently trading at 1.1362, and is showcasing further signs of weakness after recently sliding beneath the 1.1325 support zone. Below both of the moving averues, and in a lower high formation, the pair has further potential to the downside, and could still be in a short term formation.
I will be looking for the first significant level of resistance to be near the 1.1412 level. If the pair is able to rise above 1.1412, further resistance may come in near 1.1455, 1.1504 and 1.1558 respectively. If current support at 1.1325 is broken, further support may come in near 1.1266 and 1.1211.
While RSI has been showing some bullish signs near oversold territory, I believe further downside may be limited at the current time. If current support is broken, I may gain a bearish bias near 1.1266. I would gain a bearish bias near 1.1412 if it is tested and broken, and would need to see a bullish move above 1.1455 to negate my current bearish bias.
EURJPY maintained its negative stability since yesterday’s trading below the additional resistance barrier at 179.45, approaching the downside target at 178.00 by a narrow margin before being forced into some sideways trading in an attempt to gather additional negative momentum.
In general, the bearish bias will remain valid as long as the resistance level at 180.80 holds, keeping the way open for further bearish waves that could soon extend toward 177.80, followed by the next target near 176.70.
The expected trading range for today is between 177.80 and 179.50
Natural gas price remains stable within the bullish trend, fluctuating near $3.120 while maintaining its stability above the additional support at $2.830. The current sideways movement is attributed to conflicting signals from the main indicators. Therefore, we will continue waiting for the price to successfully break above the 55-period moving average at $3.240, which would open the way toward the next bullish targets, starting at $3.320 and extending toward $3.520, respectively.
The expected trading range for today is between $3.000 and $3.320.
EURGBP ended its bullish corrective rebound after facing the resistance of the descending channel at 0.8605, forming a quick bearish reversal that pushed the price to stabilize below the 55-period moving average, targeting 0.8565.
Currently, stochastic provides additional bearish momentum, the effectiveness of the bearish path is expected to increase, waiting for the price to target the next downside levels, which may start at 0.8535 and 0.8510.
The expected trading range for today is between 0.8535 and 0.8590.
GBPJPY has been moving sideways recently, fluctuating again above the support level at 208.10 while attempting to gather the additional negative momentum required to confirm the bearish continuation previously suggested.
Currently, with the Stochastic indicator slipping below the 50 level, the chances of confirming a break below the current support are increasing, which would open the way toward the next downside targets at 207.40 and 206.80, respectively. However, failure to break the support could force the pair into further mixed trading, with a potential retest of the resistance barrier near 210.45.
The expected trading range for today is between 206.80 and 209.30.
EURUSD declined in its latest intraday trading, amid continued negative pressure surrounding the pair, reinforced by the dominance of the main short-term bearish trend, with price moving along a minor trend line supporting this path. The pair also continues to trade below EMA50, which acts as dynamic resistance and adds further downside pressure, while the relative strength indicators are generating negative signals after reaching deeply overbought levels.
2026.09.28 2026.09.28 Short-Term Analysis for Oil, Gold, and EURUSD for 28.09.2026
Alex Rodionovhttps://www.litefinance.org/blog/authors/alex-rodionov/
Welcome, my fellow traders! I have prepared a price forecast for US Crude, XAUUSD, and EURUSD using a combination of the margin zones method and technical analysis. Based on the market analysis, I have identified entry signals for intraday traders.
Gold continues to fall within a short-term downtrend.
The article covers the following subjects:
Major Takeaways
USCrude: Oil has moved from the resistance B of 95.44–94.79 to the first bearish target.
XAUUSD: Gold is approaching the Target Zone 2 of 4,158–4,135.
EURUSD: The euro is testing the Gold Zone of 1.1375–1.1367.
Oil Price Forecast for Today: USCrude Analysis
Oil continues to trade within a short-term downtrend. Last week, the first sell target at the 91.84 level was reached. The second sell target is 88.25. Today, hold short positions opened earlier near the resistance level B at 95.44–94.79.
An alternative scenario may emerge if the price breaks through the resistance B of 102.63–101.32 and consolidates above it during the US trading session. In this case, the short-term trend will reverse to the upside. As a result, consider buying with a target in the upper Target Zone.
USCrude Trading Ideas for Today:
Hold short trades opened near resistance B at 95.44–94.79. TakeProfit: 88.25. StopLoss: at breakeven.
Gold Forecast for Today: XAUUSD Analysis
Gold continues to fall within a short-term downtrend. Today, the price has hit the second sell target of 4,235 from the resistance B of 4,415–4,398. The price is approaching the Target Zone 2 of 4,158–4,135. If this zone is broken through, the next target will be the Gold Zone 2 of 4,049–4,038.
As a result, consider selling on pullbacks today. The nearest strong resistance area is between 4,295 and 4,284.
XAUUSD Trading Ideas for Today:
Sell near resistance A at 4,295–4,284. TakeProfit: 4,233, 4,171. StopLoss: 4,321.
Euro/Dollar Forecast for Today: EURUSD Analysis
The euro continues to trade in a short-term downtrend. The price is testing the Gold Zone of 1.1375–1.1367. If this zone is pierced, the next downside target will be the Target Zone 2 of 1.1291–1.1274.
Consider short positions on pullbacks from strong resistance levels at 1.1451–1.1443. If the price moves into this area, short positions can be considered with targets at 1.1405 and 1.1359.
EURUSD Trading Ideas for Today:
Sell near resistance A at 1.1451–1.1443. TakeProfit: 1.1405, 1.1359. StopLoss: 1.1472.
Would you like to learn more about technical analysis methods and principles? Explore our comprehensive guide.
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Price chart of XAUUSD in real time mode
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The Pound US Dollar (GBP/USD) exchange rate gained ground on Monday as UK diesel prices reached a record high, strengthening expectations of higher Bank of England (BoE) interest rates.
However, the pair’s advance remained limited.
At the time of writing, GBP/USD was trading at $1.3265 after briefly climbing to a five-day high.
The Pound (GBP) strengthened on Monday after UK diesel prices climbed to a new record, leading markets to raise their expectations for tighter Bank of England monetary policy in the months ahead.
Average diesel prices at UK forecourts reached 199.18p per litre, moving above the previous record set in June 2022 following Russia’s full-scale invasion of Ukraine.
Higher fuel costs can feed through into wider inflationary pressures, particularly if businesses reliant on diesel-powered transport pass increased operating expenses on to customers.
As the risk of renewed inflation became more prominent, markets began to anticipate a more hawkish approach from the BoE.
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Meanwhile, the US Dollar (USD) found some support on Monday as fresh developments surrounding the Middle East crisis encouraged a degree of caution among investors.
Over the weekend, the US rejected an Iranian peace proposal that would have seen the Strait of Hormuz reopened within seven days.
President Donald Trump subsequently said he expected negotiations to resume shortly, although Tehran disputed his account.
However, developments in US-China trade relations offered some reassurance, preventing a decisive shift towards risk aversion.
Following in-person talks between President Trump and Chinese President Xi Jinping last week, both sides published lists outlining around $30bn each in tariff cuts, potentially providing a boost to Sino-American trade.
Near-Term GBP/USD Forecast: US Data and Middle East Tensions in Focus
Looking ahead, the latest US Job Openings and Labor Turnover Survey (JOLTS) is due on Tuesday.
A modest reduction in job vacancies could take some of the shine off the US Dollar.
At the same time, the ‘Greenback’ could find support if September’s consumer confidence reading comes in higher as forecast.
However, if escalating Middle East tensions and expectations of higher interest rates had a stronger-than-expected impact on consumer morale last month, the US Dollar could come under pressure instead.
For the Pound, Tuesday’s UK calendar is relatively quiet, putting the spotlight on domestic political developments.
Updates from the Labour Party Conference could consequently influence Sterling.
Bank of England policymaker Alan Taylor is also due to speak, and his remarks could help shape expectations around the central bank’s future policy.
Any dovish signals may add to the pressure on the Pound.
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