Gold Price Forecast: XAU/USD Bounces To $4,370, But Upside Momentum Is Fading
The GBPJPY pair ended the last bullish rally by providing a new close below the barrier at 216.35, affected by stochastic exit from the overbought level and forming some corrective waves, to settle near 215.65.
Note that the neediness of the positive momentum might force it to provide more corrective attempts, forcing it to suffer some losses by reaching 214.85 reaching 214.15 level, while breaching the barrier and holding above it will open the way for recording extra gains that might extend in the initial period at 216.85 and 217.55.
The expected trading range for today is between 215.10 and 216.35
Trend forecast: Bearish
The AUDCAD provided several mixed trading, holding above the support at 0.9735, forming a confirmation key for the previously suggested bullish scenario, providing bullish momentum by the main indicators makes us begin forming bullish momentum to reach 0.9895 obstacle and surpassing it will confirm its readiness to record extra gains that might begin at 0.9940 reaching the psychological barrier at 1.0000.
The expected trading range for today is between 0.9785 and 0.9890
Trend forecast: Bullish
The EURJPY pair kept its fluctuation since yesterday below the barrier at 184.90, forcing it to form some corrective trading by holding near 184.55, note that the bullish scenario will remain valid, depending on the stability above 183.15 level, however, the contradiction of the main indicators might force the price to form more corrective trading, which might target 184.15 and 183.75 level.
The price success in gaining bullish momentum and surpassing 184.90 level will reinforce the chances of resuming the bullish trend, reminding you that the extra targets are located near 185.45 and 185.95 level.
The expected trading range for today is between 184.25 and 185.00
Trend forecast: Fluctuating
Platinum price formed some bearish waves yesterday, affected by the stability of the negative trading at $1785.00 besides providing negative momentum by the main indicators, approaching the initial negative target at $1685.00.
The continuation of facing the negative pressure will force it to resume the negative attempts, to expect targeting $1660.00 and $1642.00 level.
The expected trading range for today is between $1660.00 and $1740.00
Trend forecast: Bearish
– Written by
James Fuller
STORY LINK British Pound Forecast: GBP/USD Presured by Weak UK Jobs Data, US-Iran Tensions
The Pound US Dollar (GBP/USD) exchange rate moved modestly lower on Tuesday as renewed uncertainty in the Middle East encouraged investors to seek the safety of the US Dollar.
At the time of writing, GBP/USD was trading at around $1.3527, slightly below Tuesday’s opening levels.
The US Dollar (USD) strengthened on Tuesday, building on the recovery it began late on Monday as worsening geopolitical sentiment prompted investors to favour traditional safe-haven assets.
The latest source of concern was the expiry of the 60-day US-Iran Memorandum of Understanding without either a permanent peace agreement or an extension being secured, while the Strait of Hormuz remained closed.
With uncertainty surrounding the future of energy shipments through the region mounting, Brent crude prices climbed back above $90 a barrel during Tuesday’s session.
Tensions were further heightened after US President Donald Trump threatened military action against Oman should it obstruct negotiations with Iran, with the Gulf nation involved in separate efforts to facilitate the reopening of the strategically important waterway.
The Pound (GBP) came under additional pressure on Tuesday after the latest UK employment figures pointed to a loss of momentum across the labour market.
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Office for National Statistics (ONS) data showed the unemployment rate remained unchanged at 4.9% in the three months to June, falling short of expectations for a decline to 4.8%. Employment growth also slowed sharply towards the end of the second quarter.
The accompanying figures revealed that real wage growth had eased as well, adding to the pressure on Sterling as investors scaled back expectations that the Bank of England (BoE) will raise interest rates later this year.
Looking ahead, the publication of the UK’s latest consumer price index on Wednesday will provide the next major catalyst for the Pound to US Dollar (GBP/USD) exchange rate.
Later in the session, USD investors will turn their attention to the minutes from the Federal Reserve’s July policy meeting.
Although new Fed Chair Kevin Warsh has moved away from offering detailed forward guidance, markets are likely to scrutinise the minutes for indications of how policymakers view the outlook for interest rates over the coming months.
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TAGS: Pound Dollar Forecasts
USD/JPY tests key resistance at 159.50 – 160.00 as traders focus on the fundamental weakeness of the Japanese currency. However, traders remain cautious as BoJ may intervene to provide additional support to the yen.
If USD/JPY climbs above the 160.00 level, it will head towards the next resistance level at 161.50 – 162.00. A move above 162.00 will open the way to the test of the 164.00 level.
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Welcome, my fellow traders! I have prepared a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of the margin zones method and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders.
Oil prices continued to rise yesterday.
The article covers the following subjects:
Yesterday, the oil rally continued. As a result, the price reached the second bullish target of 83.54. The asset pierced this level but was unable to stay above it. The next bullish target is the upper Target Zone of 86.82–85.61. If this zone is breached, the next target will be the Gold Zone of 90.05–89.64.
If a downward correction begins, the oil price can fall to the support zone A at 80.73–80.32. Once this zone is tested, long trades can be considered, with the first target at 82.54 and the second one near today’s high of 84.77.
Buy near support A of 80.73–80.32. TakeProfit: 82.54, 84.7. StopLoss: 79.30.
Gold is maintaining its short-term uptrend. The primary bullish target is at 4,449. If the price exceeds this level, it will likely reach the Target Zone 2 of 4,493–4,472.
Long trades can be considered during a pullback at the support A of 4,347–4,336, once it is tested and a buy pattern emerges. In this case, the first target will be 4,393, and the second one will be 4,449.
Buy near support A of 4,347–4,336. TakeProfit: 4,393, 4,449. StopLoss: 4,319.
Yesterday, the euro remained within the upper Target Zone of 1.1601–1.1576. Today, the price is declining during a correction. If the asset reaches the support zone A at 1.1530–1.1521, long trades can be considered, with the first target at 1.1568 and the second one around 1.1614.
If the EURUSD pair breaks below the support A, the correction will extend toward the trend boundary of 1.1488–1.1475. Once the trend boundary is tested, long trades can be considered.
Buy near support A of 1.1530–1.1521. TakeProfit: 1.1568, 1.1614. StopLoss: 1.1499.
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The Euro to Dollar exchange rate (EUR/US) tradd around 1.1579 on Monday, close to its August high of 1.1585 and around 0.2% higher for the month.
EUR/USD has recovered from June’s low near 1.1325 but remains well below January’s 1.2075 peak.


Bank of America FX strategists say its “near-term bullish USD conviction has reduced”, although the conditions are not yet in place for a decisive bearish Dollar stance.
US data have surprised on the downside and September Fed tightening expectations have fallen sharply, but EUR/USD has still “struggled to rally further”.
The bank argues that Middle East uncertainty is part of the explanation, with elevated European gas prices “capping EUR appreciation”.
Positioning has also changed.
BofA says reduced Euro shorts mean there is now less fuel for a squeeze higher, while markets may find it difficult to price out Fed hikes completely with another round of labour-market and inflation data due before September.
Fed Chair Kevin Warsh’s Jackson Hole speech is therefore an important near-term test, with BofA expecting markets to focus closely on any clarification of the Fed’s communication strategy.


The Exchange Rates UK Research Sentiment Survey for August 2026 remains mildly constructive beyond the near term.
BofA sees EUR/USD around 1.15 in three months, 1.17 in six months and 1.20 in twelve months.
That would leave the pair close to current levels initially, before a more meaningful Euro recovery develops further into 2027.
Our currency coverage draws on live market data, official economic releases and published bank research.