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The bull trend pattern got a lift on Tuesday as an uptrend line, a downtrend line, and the 50-Day MA were all broken through. Confirmation came with a daily close above all three lines. Resistance was seen around the 20-Day MA, which has continued since then along with a slightly higher price of $3,366.
Given this week’s bullish price action the expectation is for gold to continue to advance higher, but it first needs a signal. A decisive rally above this week’s high of $3,366 indicates a continuation of the near-term bull trend. That will also trigger a weekly upside breakout and surpass the 20-Day MA, which currently shows dynamic resistance.
On the weekly timeframe, gold ended the week showing gains and in a relatively bullish position, in the top third of the week’s trading range. Furthermore, this follows a short-lived decline below last week’s low of $3,256 before a lower weekly low of $3,247 was reached. In other words, an undercut and run bullish reversal triggered. Last week’s lows broke, leading to stops being triggered and weak holders getting flushed out.
Subsequently, buyers quickly took back control following a short time below last week’s low. And the switch to bullish sentiment was indicated by a daily close above last week’s high on the breakdown day of June 30. That showed a failed breakdown. Once a breakout fails in one direction, there is potential for a clear move in the opposite direction. For gold that would point to higher prices.
For a look at all of today’s economic events, check out our economic calendar.
The Japan Coffee Bean Market is poised for robust growth, projected to surge to US$ 2.51 billion by 2033 from US$ 1.60 billion in 2024, with a compound annual growth rate (CAGR) of 5.11% from 2025 to 2033. Driven primarily by advancements in coffee cultivation and eco-friendly processing methods, Japan’s industry is thriving on the back of rising specialty coffee culture, urbanization, and increasing disposable incomes. Key products include Arabica and Robusta beans, distributed online and offline, catering to diverse end users such as personal care, food, and pharmaceuticals. Major players like Starbucks and Nescafe are innovating to meet evolving consumer demands for quality and sustainability in coffee.
Japanese Coffee Bean Market
Dublin, July 04, 2025 (GLOBE NEWSWIRE) — The “Japan Coffee Bean Market – Consumption Trends & Forecast 2025-2033” report has been added to ResearchAndMarkets.com’s offering.
Japan Coffee Bean Market is expected to reach US$ 2.51 billion by 2033 from US$ 1.60 billion in 2024, with a CAGR of 5.11% from 2025 to 2033. The industry is mostly being driven by growing developments in coffee cultivation and processing methods that can boost productivity, enhance quality, and affect bean supply.
The seeds of the Coffea plant, known as coffee beans, are gathered and processed to make the popular beverage. Usually found inside the coffee plant’s fruit, also known as coffee cherries, are these beans. Freshly picked green beans go through a number of processes to become the fragrant brown beans used in brewing. The cherries are first dried, and then their outer coats are removed by hulling, exposing the green coffee beans.
The next important process that gives coffee its distinct flavor, fragrance, and color is roasting these green beans. High temperatures are applied to the beans during roasting, which results in chemical changes that give coffee its distinctive flavor and aroma. The ultimate flavor profile, which ranges from light to dark roasts, depends on the roast’s duration and temperature. After roasting, the beans can be ground and brewed to make drip coffee or espresso, among other varieties.
The Japanese market for coffee beans is significantly impacted by a number of important factors, each of which is essential in determining the market’s future course. First off, there is no denying that the increase in coffee consumption, particularly among millennials, has spurred industry expansion. Furthermore, this need has been further increased by the rise of specialty coffees and the growing influence of cafe culture in Japan. Furthermore, improvements in coffee brewing equipment and techniques have increased the ways that customers may enjoy their drinks, increasing market potential.
The EURJPY pair formed a new bullish attack, taking advantage of the repeated positive pressure, to attack the resistance of the bullish channel’s resistance at 170.60, achieving the suggested target in the previous report.
The price might be forced to provide mixed trading due to the strength of the current resistance besides stochastic attempt to exit the overbought level, to increase the chances of activating the attempts of gathering the gains by targeting 169.20 and 168.60 level, while breaching the resistance and holding above it will open the way for recording new gains that might extend to 171.10 and 171.60.
The expected trading range for today is between 169.20 and 170.60
Trend forecast: Fluctuated within the bullish track
Silver (XAG/USD) holds steady below the $37.00 mark during the Asian session on Friday and remains within striking distance of over a two-week high touched the previous day. Meanwhile, the constructive technical setup suggests that the path of least resistance for the white metal remains to the upside.
The daily Relative Strength Index (RSI, 14) remains above 50 and validates the positive outlook for the XAG/USD. However, the Moving Average Convergence Divergence (MACD) histogram and the signal line on the daily chart are yet to confirm bullish bias, suggesting that any subsequent move up could stall near the $37.30-$37.35 region, or the highest level since February 2012 touched earlier this month. Some follow-through buying, however, would set the stage for an extension of a nearly three-month-old uptrend.
On the flip side, the $36.50-$36.45 area now seems to protect the immediate downside, below which the XAG/USD could slide to the $36.15-$36.10 region. A further decline below the $36.00 mark could extend towards the $35.50-$35.40 horizontal zone. The latter should act as a key pivotal point and a convincing break below would shift the near-term bias back in favor of bearish traders. The white metal might then accelerate the corrective fall towards the next relevant support near the $35.00 psychological mark.
Some follow-through selling below the latter should pave the way for deeper losses and drag the XAG/USD to an intermediate support near the $34.75 en route to the $34.45 region.
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 EURJPY pair formed a new bullish attack, taking advantage of the repeated positive pressure, to attack the resistance of the bullish channel’s resistance at 170.60, achieving the suggested target in the previous report.
The price might be forced to provide mixed trading due to the strength of the current resistance besides stochastic attempt to exit the overbought level, to increase the chances of activating the attempts of gathering the gains by targeting 169.20 and 168.60 level, while breaching the resistance and holding above it will open the way for recording new gains that might extend to 171.10 and 171.60.
The expected trading range for today is between 169.20 and 170.60
Trend forecast: Fluctuated within the bullish track
Platinum price failed to confirm surpassing the barrier at $1420.00, forcing it to form a new bearish correctional rebound, testing the minor bullish channel’s support at $1370.00.
Despite the attempt of the price stability above the mentioned support, the continuation of forming strong obstacle at $1420.00 level might activate the bearish correctional track, therefore, we recommend waiting for breaking the current support, then begin gathering some of the gains by targeting 41345.00 and $1330.00.
The expected trading range for today is between $1330.00 and $1400.00
Trend forecast: Bearish
Near-term resistance is clear at today’s high of $3,366. Therefore, a decisive breakout above that level has gold heading towards a prior lower swing high at $3,396. And it has a good chance of busting through there and continuing to a test of resistance around the recent swing high of $3,451. Slow momentum has been a concern since a trendline breakout triggered on June 2.
That rally subsequently fizzled following the $3,451 high, with gold eventually falling back below the 20-Day MA, where it remains. Therefore, another reclaim of the 20-Day line should be met with some enthusiasm from buyers as indicated by bullish price momentum. And there is the potential for volatility to increase.
Notice that the most recent bounce from support at the 20-Day MA (purple) in early-June was followed by a relatively sharp three-day advance. It ended with a bearish outside day, like today. This only becomes relevant if Tuesday’s support fails and bearish momentum rises. Volatility should increase soon given the convergence of the 20-Day and 50-Day MAs recently. They are now the closest to one another since the beginning of the current upswing that began in January. That could help pump up a bull breakout.
For a look at all of today’s economic events, check out our economic calendar.
Bearish behavior today did not confirm that one-day bullish reversal breakout that triggered yesterday. It puts recent support, with a low of $3.29, at further risk of being broken. But Wednesday’s low of $3.37 would need to fail before Tuesday’s low is approached. In addition, notice that the 50-Day MA (orange) shows an area of resistance near Thursday and Wednesday highs. There has been no confirmation of strength with a daily close above that line. Although natural gas is holding a significant support area, it needs to turn up and stay up.
This is the third time since April that support around the 200-Day line has rejected price to the upside. That behavior adds to the significance of the long-term dynamic trend indicator. Therefore, a decisive drop back below that line shows a failure of the 200-Day MA as support and a breakdown from a significant support level.
Looking at the bigger picture of the current advance shows similar characteristics to a bear flag. Therefore, the breakdown of the 200-Day line is also a bearish trigger for the three-month rising trend channel. There is potential trendline support nearby though and a continuation lower could quickly find support. If not at the line, then certainly the 78.6% Fibonacci retracement area at $3,134
The next bullish sign will be on a rally above today’s high of $3.57. If strength continues from there, an interim swing high at $3.75 is next in line, followed by the first May swing high at $3.84. But a clear reversal from the bottom channel line has the potential to rise towards the top of the channel. There are several Fibonacci levels nearby from $5.35 to $4.46.
For a look at all of today’s economic events, check out our economic calendar.
Silver price revisits two-week high near $36.80 during European trading hours on Thursday. The white metal trades firmly ahead of the United States (US) Nonfarm Payrolls (NFP) data for June, which will be published at 12:30 GMT.
The US official employment data will significantly influence market expectations for the Federal Reserve’s (Fed) monetary policy outlook as officials have lately warned of downside labor market risks.
Economists expect US employers to have added 110K fresh workers, fewer than 139K in May. The Unemployment Rate is estimated to have accelerated to 4.3% from the prior reading of 4.2%. Soft labor market data could bolster market expectations that the Fed will reduce interest rates in the policy meeting later this month.
Lower interest rates by the Fed bode well for non-yielding assets, such as Silver.
Latest US ADP Employment figures suggests that the official labor market data could be weaker. The data showed on Wednesday that the US private sector laid-off 33K employees in June, while they were expected to hire 95K fresh workers. Additionally, the May reading was also revised lower to 29K from 37K.
“Though layoffs continue to be rare, a hesitancy to hire and a reluctance to replace departing workers led to job losses last month,” Nela Richardson, chief economist at ADP, said.
On the global front, US President Donald trump has announced that his team has struck a trade agreement with Vietnam. This comes at a time when the July 9 tariff deadline is approaching.
Theoretically, improving global trade conditions diminish demand for safe-haven assets, such as Silver. However, the Silver price remains firm as the Asian country is not one of top major trading partners of the US with whom it is still negotiating bilateral deals.
Silver price strengthens after a breakout of the Descending Triangle chart pattern formed on a four-hour time. Theoretically, the breakout of the above-mentioned chart pattern often leads to a volatility expansion, which results in higher volume and wider ticks on the upside.
The downward-sloping trendline of the Descending Triangle formation is plotted from the June 18 high of $37.32, while the horizontal support is marked from the June 20 low of $35.51.
The 14-period Relative Strength Index (RSI) breaks above 60.00. A fresh bullish momentum would trigger if the RSI holds above that level.
Looking down, the March 28 high around $34.60 will act as key support for the Silver price. On the upside, the fresh over-a-decade high around $37.32 will be the key barrier.
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.
Silver (XAG/USD) followed suit, retreating 0.33% to $36.43 after briefly testing near-weekly highs. The pullback came as markets interpreted the trade developments as a signal of easing global tensions, prompting modest rotation out of defensive assets like gold and silver.
Despite the softer tone, both metals remain underpinned by rising expectations of a dovish shift from the Federal Reserve. The ADP private employment report showed a surprise loss of 33,000 jobs in June—the first monthly decline in more than two years. This follows a weaker-than-expected JOLTS report earlier in the week, reinforcing signs of cooling in the U.S. labour market.
“The labor market is clearly softening, and the Fed may not wait much longer to respond,” said Sarah Mendez, senior macro strategist at Alta Investments. “A weak NFP print on Friday could accelerate expectations of a rate cut as early as September.”
As of Thursday, Fed funds futures suggest a 25% probability of a July rate cut, with market pricing implying a 75% chance of easing by the September FOMC meeting.
While trade optimism has trimmed near-term upside, underlying macro uncertainty and dovish policy shifts continue to anchor demand for precious metals. Friday’s Nonfarm Payrolls report is expected to be the next major catalyst, with markets bracing for increased volatility.
Gold hovers near $3,366 as traders await U.S. jobs data. Silver holds above $36.33. Fed rate cut bets limit downside despite risk-on sentiment.