Platinum price surpassed some of the negative pressures by stochastic rally to 80 level, keeping its stability above the support of the sideways track that is represented by $1302.00, to rally to the moving average 55, which reinforces the stability of the barrier at $1342.00.

We will remain neutral, to keep waiting for surpassing one of the main levels to confirm the expected trend in the near and medium period, breaching the barrier will open the way for achieving more of the gains by the price rally to $1365.00 and $1382.00, while breaking the support and holding below it will activate bearish correctional track, and $1281.00 level represents the initial negative target for the bearish track.

The expected trading range for today is between $1302.00 and $1342.00

Trend forecast: Neutral

Rising Momentum and Key Levels to Watch

Wednesday’s reversal established a higher swing low, while reaffirming dynamic support at the triangle’s lower boundary line. A rally above last week’s minor swing high at $3,375 would further confirm strength, putting the upper boundary in sight. Beyond that, $3,409 presents an intermediate hurdle. A decisive breakout above $3,439, however, would clear resistance at the top boundary and signal continuation of the broader bull trend.

The consolidation has compressed price energy, building potential for an eventual surge once a breakout occurs. Any sustained upside move should be accompanied by stronger volume and signs of momentum expansion to validate a bullish continuation.

Long-Term Support Remains Intact

Importantly, the recent pullback found support around the long-term 20-Week moving average. That level was also tested successfully in late July, confirming its role as dynamic support. It is not unusual for price to retest such a key moving average before breaking higher. This behavior adds weight to the current rebound and strengthens the argument that gold is preparing for another leg higher if resistance is overcome.

For a look at all of today’s economic events, check out our economic calendar.

Natural Gas Price Forecast: NG=F Struggles at $2.75 With Downside Risks Toward $2.60 as Storage and Mild Weather Undercut Demand

Natural Gas (NG=F) Price Under Pressure After Failing at $2.88 Resistance

Natural gas futures NG=F are locked in a bearish setup, trading at $2.75 after multiple failed attempts to break above $2.88, the ceiling reinforced by the 100-day EMA. A descending trendline has capped every rally since late July, keeping bulls sidelined. The current structure shows price action pinned just above short-term support at $2.73, but momentum is weak — the RSI at 36.3 signals that sellers remain in control. Unless there is a rebound above $2.80–$2.83, markets face another leg down toward $2.67, with an extension to $2.61 if selling pressure accelerates.

Bearish Technical Formations Signal Next Stops at $2.61 and $2.39

The rejection at $3.05 earlier this week marked the neckline of a bearish reversal pattern, and the follow-through to $2.76 confirmed that control has shifted to sellers. Analysts tracking price cycles point to $2.61 as the next key station, with further downside risks toward $2.39. The trading range projected for this week is $2.61–$2.85, skewed to the downside. Negative momentum across oscillators — RSI, Stochastic, and MACD — strengthens the case for continued weakness unless a sharp volume-driven recovery develops.

Storage Levels and Seasonal Demand: Why $2.50 Is in Play

Natural gas inventories remain elevated, keeping storage buffers comfortable heading into late summer. With U.S. temperatures mild, neither air-conditioning demand nor heating demand is stressing the grid. That seasonal lull has coincided with a steep drop from early August highs, as speculative longs unwind positions in the absence of strong consumption catalysts. Traders now eye the $2.50 zone as a likely point of capitulation before the market starts to turn its attention to winter heating demand. Historically, NG=F often finds a seasonal floor in the $2.40–$2.50 band before building pre-winter rallies.

Macro Environment and Powell’s Fed Risk

The latest macro shock comes not from energy-specific data but from monetary policy fears. Ahead of Jerome Powell’s Jackson Hole speech, commodities tied to risk sentiment, including natural gas, have been pressured lower. Fears of sticky inflation — reinforced by consumer price signals and warnings from U.S. retailers like Home Depot about cost pressures — have raised the probability that the Fed delays rate cuts. For NG=F, this means speculative capital outflows as traders reduce exposure to volatile assets. In just 24 hours, natural gas lost nearly 0.73%, with the broader commodity complex in the red. If Powell signals higher-for-longer rates, expect NG=F to retest $2.61 quickly, with deeper losses possible.

Global Energy Supply and OPEC+ Dynamics Impact NG=F

While natural gas is not as directly tied to OPEC+ as crude, the broader energy complex has been dragged by production increases from OPEC+ members and Russian export flows. Oil benchmarks are down 10% month-to-date, with Brent trading at $66.44 and WTI at $62.47, and this weakness has bled into NG=F sentiment. Traders are increasingly pricing in an oversupplied global market, especially with U.S. LNG export growth failing to offset weaker domestic consumption. Until supply disruptions or unexpected geopolitical risks emerge, NG=F is vulnerable to further downside.

Medium-Term Outlook: Watching $2.95 and $3.25 for Recovery

Despite the short-term bearish tilt, the medium-term picture for NG=F is not universally negative. If buyers can force a sustained break above $2.83, it would trigger a relief rally to $2.95, followed by a retest of $3.25 — the upper boundary that would need to be cleared to shift momentum decisively. Such a breakout would require a combination of colder-than-expected September weather forecasts and stronger LNG demand. Until then, short sellers are expected to dominate every rally, with resistance layers thick between $2.80–$2.95.

Buy, Sell, or Hold? NG=F Decision Point

At $2.75, with clear bearish technical signals, comfortable storage, mild weather, and Powell risk looming, the bias remains bearish in the short term. NG=F is more likely to test $2.61 and even $2.39 before staging a seasonal recovery toward winter. Aggressive traders may see speculative opportunities near $2.50, historically a turnaround level, but without a confirmed catalyst, any long positions remain highly risky. Based on the current balance of evidence, NG=F aligns more with a Sell rating, with opportunistic buys only at deeper support zones closer to $2.50.

That’s TradingNEWS

The EURJPY pair didn’t settle above 172.00 level, affected by stochastic exit from the overbought level, forming some of the bearish correctional waves and its stability near 171.65.

The continuation of the negative pressures will force it to suffer more of the losses, to expect attacking 170.45 level, to extend the losses towards 169.80 which might form a neckline for the negative double top level, therefore, we recommend monitoring the price behavior when reaching this level to detect the main trend in the upcoming trading.

The expected trading range for today is between 170.45 and 172.30

Trend forecast: Bearish

Created on August 20, 2025

Today’s Gold Analysis Overview

• The overall Gold Trend: Neutral with a downward bias.
• Gold Support Levels Today: $3310 – $3270 – $3220 per ounce.
• Gold Resistance Levels Today: $3360 – $3350 – $3410 per ounce.

Today’s Gold Trading Signals

• Buy gold from the $3290 support level, with a target of $3400 and a stop-loss at $3270.
• Sell gold from the $3370 resistance level, with a target of $3280 and a stop-loss at $3400

Technical Analysis of Gold Price (XAU/USD) Today

The gold price index has fallen to a three-week low, with losses taking it to the $3311 support level. Before this decline, we had advised on the live trading recommendations page to close the buy recommendation for gold at the current profit to avoid further selling pressure. The recent drop was fueled by the potential for easing geopolitical tensions and a rising US dollar, both weighing on the yellow metal ahead of the Federal Reserve’s Jackson Hole Symposium.

Yesterday, US President Trump indicated he would not deploy ground troops to Ukraine, but left open the possibility of providing air support as part of efforts to address the conflict with Russia. Ukrainian President Zelenskiy also welcomed the peace talks, but Russia has not yet confirmed its participation, creating uncertainty about the prospects for a swift resolution.

Meanwhile, amid an additional factor influencing the market, all eyes are on Federal Reserve Chairman Powell’s upcoming speech at the Jackson Hole Symposium, seeking guidance on the future direction of the US central bank’s policy. Later today, the release of the minutes from the latest Federal Open Market Committee (FOMC) meeting is expected to provide additional insights. Overall, market prices currently point to two 25 basis point rate cuts this year, with the first likely to occur in September.

Technical levels for gold prices today

Dear reader, based on the performance on the daily chart above, gold prices are still trending down. According to gold analysts’ expectations, bears may have the opportunity to breach the $3,300 per ounce support level if an agreement is reached to end the Russian-Ukrainian war. The US dollar gained ground in response to the Jackson Hole Symposium, and vice versa. With the recent losses, the 14-day RSI has moved around a reading of 48 below the midline, supporting bearish control and signaling a stronger downward move before the index reaches a sell-off. Meanwhile, the MACD indicator remains bearish.

Note that a break of the $3,300 support will increase technical selling activity, but at the same time, it may provide opportunities to establish a new buying base. Conversely, over the same timeframe, bulls will regain confidence in the performance if they return the gold price index to the resistance levels of $3,375 and $3,400 per ounce, respectively.

Trading Tips

Traders at TradersUp are advised to wait for gold to move towards and below the $3,300 support level before considering buying again.

Dollar price rebounds ahead of FOMC minutes

According to currency market trading, the US Dollar Index (DXY), which measures the performance of the US currency against a basket of other major currencies, rose above 98.3 today, continuing its winning streak for the third consecutive session. This comes as investors await the minutes of the Federal Reserve’s July meeting for clues on the outlook for monetary policy. The meeting was notable for being the first since 1993, with two dissenting members voting, with Fed Governors Christopher Waller and Michael Bowman favoring a quarter-point cut in US interest rates rather than holding them steady.

Markets will now focus on Fed Chair Jerome Powell’s remarks at the Jackson Hole Symposium for indications of whether the US central bank will resist market expectations for monetary easing. Traders currently price in an 85% chance of a September rate cut and anticipate about 54 basis points of cuts by year-end.

According to trading, the US dollar has generally strengthened, with its largest gains against the Euro, Pound Sterling, and Australian Dollar.

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