Despite the attempts of the main indicators to provide positive momentum but the stability of the GBPJPY pair below the barrier at 200.40 obstacle the chances for resuming the bullish attack, which forces it to provide sideways trading, activating the expected bearish correctional track. 

While gathering the negative momentum will make the price begin targeting the negative stations by its decline to 198.60, then attempts to press on the initial support at 197.85, while the price success in breaching the barrier and holding above it will turn the bullish scenario to begin achieving clear gains by its rally to 200.90 and 201.55.

The expected trading range for today is between 198.65 and 200.30

Trend forecast: Bearish

First Potential Pullback After Breakout

Since the breakout to new record highs on September 2, gold has shown almost uninterrupted strength, with only one prior one-day pullback before momentum quickly resumed. A similar recovery is possible again, but price behavior now suggests the market may be ready for a deeper pullback or consolidation. The advance from the $3,311 swing low to Tuesday’s high represented an 11% gain, or $363, over just 14 trading sessions — a steep rise that increases the odds of further profit-taking before bullish continuation.

Key Support Zones to Watch

The first potential support area sits near this week’s low of $3,576, but if that level fails to hold, the 38.2% Fibonacci retracement at $3,537 is the next key zone. Below that, the prior record high of $3,500 comes into play, coinciding with the 50% retracement at $3,495. A stronger support zone rests lower, spanning the $3,451 and $3,439 swing highs that defined the prior symmetrical triangle pattern. This lower range aligns with the 61.8% retracement at $3,452 and is reinforced by dynamic support from the 20-Day moving average, now near $3,450 and rising.

Bigger Picture Still Bullish

While a pullback appears likely, the broader outlook for gold remains firmly bullish. The first test of the 20-Day average should attract buying interest and help maintain the uptrend. Only a decisive drop and sustained trade below the 20-Day line would weaken the bullish structure as it looks now.

Weekly Close to Confirm Strength

With two trading sessions remaining this week, the closing price for the week may matter. A weekly close back under last week’s $3,600 high would show a failure to confirm the breakout, while a strong close above that level would reinforce the longer-term bull trend.

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

The (ETHUSD) price continued its sideways trading in its last intraday levels, attempting to gain bullish momentum that might help it to rise, amid the continuation of the critical support level stability at $4,250, with the emergence of positive overlapping signals on the(RSI), after reaching oversold level, on the other hand, the price is under negative pressure that comes from its trading below EMA50, which prevents the price recovery in the previous session.

VIP Trading Signals Performance by BestTradingSignal.com (September 1–5, 2025)

Get high-accuracy trading signals delivered directly to your Telegram. Subscribe to specialized packages tailored for the world’s top markets:

Full VIP signals performance report for September 1–5, 2025:

  View Full Performance Report

XAU/USD Current price: $3,643.25

• The United States Producer Price Index was softer-than-anticipated in August.
• The US will release the August Consumer Price Index on Thursday.
• XAU/USD holds within familiar levels ahead of US first-tier figures.

Spot Gold saw little action throughout Wednesday, with the XAU/USD pair stuck below the $3,650. The bright metal started the day with a soft tone amid broad US Dollar (USD) demand, but found an intraday bottom at $3,620.48. The USD lost ground early in the American session, although price action across the FX board remains limited ahead of the release of first-tier data, which can affect the Federal Reserve (Fed) monetary policy decision, scheduled for release next week.

The United States (US) published the August Producer Price Index (PPI), which showed that annualized inflation at producers’ levels rose by 2.6%, down from the 3.3% posted in July. The core annual figure printed at 2.8%, easing from a revised 3.4% previously, while on a monthly basis, the PPI declined by 0.1%. The Consumer Price Index (CPI) for the same month is scheduled for release on Thursday.

The figures were below expected, and quickly triggered comments from US President Donald Trump: “Just out: No Inflation!!! “Too Late” must lower the RATE, BIG, right now. Powell is a total disaster, who doesn’t have a clue!!! President DJT,” Trump shared on Truth Social.

Other than that, President Trump suffered a setback, as a US court allowed Fed’s official, Lisa Cook, to continue operating as a member of the Board. Trump “fired” Cook over fraud allegations, but Cook appealed the decision and so far, retains her seat.

Also, the Labor Department’s Office of Inspector General said it is reviewing the “challenges” that the Bureau of Labor Statistics (BLS) is facing in its data-collection efforts. Trump fired the BLS’s former head following the weak July monthly job report after claiming the numbers were wrong. Trump is quite unhappy with the large downward revisions to new jobs estimates.

XAU/USD short-term technical outlook

From a technical point of view, XAU/USD has to extend its advance. In the daily chart, the pair develops well above its moving averages, with a bullish 20 Simple Moving Average (SMA) accelerating north above the longer ones. At the same time, technical indicators ticked higher after a modest downward correction, still within extreme overbought levels.

In the near term, and according to the 4-hour chart, XAU/USD entered a consolidative phase, yet the risk remains skewed to the upside. The bright metal trades well above all its moving averages, with a bullish 20 SMA providing near-term support at around $3,625. The 100 and 200 SMAs also advance, yet far below the shorter one. Technical indicators have turned south within positive levels, reflecting the lack of upward momentum rather than hinting at an upcoming slide.

Support levels: 3,638.10 3,625.85 3,608.40

Resistance levels: 3,650.00 3,675.00 3,690.00

The (ETHUSD) price continued its sideways trading in its last intraday levels, attempting to gain bullish momentum that might help it to rise, amid the continuation of the critical support level stability at $4,250, with the emergence of positive overlapping signals on the(RSI), after reaching oversold level, on the other hand, the price is under negative pressure that comes from its trading below EMA50, which prevents the price recovery in the previous session.

VIP Trading Signals Performance by BestTradingSignal.com (September 1–5, 2025)

Get high-accuracy trading signals delivered directly to your Telegram. Subscribe to specialized packages tailored for the world’s top markets:

Full VIP signals performance report for September 1–5, 2025:

  View Full Performance Report

The (ETHUSD) price continued its sideways trading in its last intraday levels, attempting to gain bullish momentum that might help it to rise, amid the continuation of the critical support level stability at $4,250, with the emergence of positive overlapping signals on the(RSI), after reaching oversold level, on the other hand, the price is under negative pressure that comes from its trading below EMA50, which prevents the price recovery in the previous session.

VIP Trading Signals Performance by BestTradingSignal.com (September 1–5, 2025)

Get high-accuracy trading signals delivered directly to your Telegram. Subscribe to specialized packages tailored for the world’s top markets:

Full VIP signals performance report for September 1–5, 2025:

  View Full Performance Report

If the federal government’s Energy Information Administration prediction is correct, it doesn’t look good for the oil and gas industry as lower crude oil prices are anticipated in the coming months. It predicts as much as a $19-a-barrel plunge by early 2026.

The forecast was issued by the U.S. EIA in a short term prediction. The EIA believes crude oil prices will fall nearly $10 more a barrel by year’s end, slipping from an August average of $68 per barrel to $59 per barrel.

Prices will drop even further by 2026 and, according to the EIA, will hit about $50 a barrel by early in the year.

“Global oil prices. We expect the Brent crude oil price will decline significantly in the coming months, falling from $68 per barrel (b) in August to $59/b on average in the fourth quarter of 2025 (4Q25) and around $50/b in early 2026. The price forecast is driven by large oil inventory builds as OPEC+ members increase production,” according to the EIA forecast.

“We expect global oil inventory builds will average more than 2 million barrels per day (b/d) from 3Q25 through 1Q26. We expect low oil prices in early 2026 will lead to a reduction in supply by both OPEC+ and some non-OPEC producers, moderating inventory builds later in 2026. We forecast the Brent crude oil price will average $51/b next year. We finalized this outlook before OPEC+ announced on September 7 that it plans to raise production by 137,000 b/d in October 2025.”

• Gasoline prices. Falling oil prices in our forecast lead to a drop in gasoline prices. We expect the U.S. average retail price for regular-grade gasoline will average about $3.10 per gallon (gal) this year, down 20 cents/gal from last year. Retail gasoline prices in our forecast fall to an average of $2.90/gal in 2026, with the annual average price falling below $3.00/gal in all regions except the West Coast.

• Gasoline expenditures. Driven by falling gasoline prices, U.S. drivers’ gasoline expenditures as a share of disposable personal income are likely to be the lowest since at least 2005—excluding the pandemic-affected year of 2020. We estimate expenditures will average less than 2% of disposable income this year, down from an average of 2.4% over the previous decade.

• U.S. gasoline consumption. We now forecast a slight increase in U.S. gasoline consumption next year, the first STEO in which we have forecast an increase for 2026. The forecast for rising gasoline consumption is driven by an upward revision to the number of people of working age compared with our previous forecasts, and lower gasoline prices compared with our forecasts from earlier this year.

• Natural gas prices. We expect the Henry Hub natural gas spot price will rise from an average of $2.91 per million British thermal units (MMBtu) in August to $3.70/MMBtu in 4Q25 and $4.30/MMBtu next year. Rising natural gas prices reflect relatively flat natural gas production amid an increase in U.S. liquefied natural gas exports.

• Natural gas and crude oil drilling. Due to rising natural gas prices and falling oil prices in 2026, we forecast that crude oil will trade at its lowest premium to natural gas since 2005. As a result, we expect drilling activity in the United States be more centered in natural gas-intensive producing regions in 2026. We expect U.S. natural gas production will be relatively flat next year compared with 2025, while we expect crude oil production will decline by about 1%.

• Electricity generation. Electricity generation has been growing rapidly this year as a result of growing demand for power from data centers and industrial customers. We expect that total U.S. generation by the electric power sector will grow by 2.3% in 2025 and a further 3.0% next year. We expect that solar power will supply the largest share of the increase in both years.

• Gold extends its rally to all-time highs above $3,650 amid broad-based USD weakness.
• Investors’ fears of a sharp downward revision of US jobs are hurting the Dollar on Tuesday.
• XAU/USD looks overstretched after rallying 10% in the last three weeks.

Gold keeps marching higher on Tuesday and has reached a fresh all-time high above $3,650. The pair, however, looks beyond overstretched after a 10% rally from August 20, with most timeframes heavily overbought, sending a severe warning for buyers.

The precious metal is drawing support from market expectations of a sharp cut in US employment figures at today’s BLS Benchmark Nonfarm Payrolls Revision, due later on the day. Market sources have flagged a slash of 800,000 jobs, which would add pressure on the Fed to cut rates by 50 basis points next week.

Technical Analysis: XAU/USD is at strongly overbought levels

A look at the 4-hour chart and we see all the ingredients for a downwards correction. The Relative Strength Index, near the 80 level and showing a bearish divergence, suggests that the pair might need to come down before rallying further.

To the upside, immediate resistance is at the intraday high of $3,658. Further up, the 265.8% retracement of the September 3-4 reversal, at the $3,690 area, might be a plausible target ahead of the $3,700 round level.

A bearish reversal from these levels is likely to find support at the intra-day low of $3.630 ahead of the September 8 low, at $3580 and the September 4 low, at $3,515.

The (silver) price declined in its last intraday trading, affected by the stability of the critical resistance at $41.45, attempting to gain bullish momentum that might assist it to breach the resistance, and attempting to offload the clear overbought conditions on the (RSI), after reaching overbought levels, amid the continuation of the positive pressure due to its trading above EMA50, and under the dominance of the main bullish trend and its trading alongside a minor bias line on the short term basis that supports this trend.

VIP Trading Signals Performance by BestTradingSignal.com (September 1–5, 2025)

Get high-accuracy trading signals delivered directly to your Telegram. Subscribe to specialized packages tailored for the world’s top markets:

Full VIP signals performance report for September 1–5, 2025:

  View Full Performance Report

• Silver retreats as a modest rebound in the US Dollar and Treasury yields caps upside momentum.
• Fed rate-cut expectations keep the broader bullish tone intact despite profit-taking.
• Technicals show RSI bearish divergence; key support at $40.50, resistance at $41.70-42.00.

Silver (XAG/USD) trades under pressure on Tuesday, retreating from recent highs as a modest rebound in the US Dollar (USD) and Treasury yields weighs on the metal. At the time of writing, spot prices are trading near $40.85, down over 1% on the day.

The white metal has been trapped in a tight band between $41.50 and $40.50 since last week, after hitting a fresh 14-year peak around $41.67 on Monday. While the pullback reflects profit-taking and short-term USD strength, the downside remains limited as markets are almost fully convinced that the Federal Reserve (Fed) will lower interest rates at its September 17 monetary policy meeting. Lower borrowing costs reduce the opportunity cost of holding non-yielding assets such as Silver, keeping the broader bullish tone intact.

The uptick in the Greenback comes despite the recent downward revision to US Nonfarm Payrolls (NFP), which confirmed that the labor market is losing momentum. Economists highlighted that the slowdown reflects businesses turning cautious, with some warning that the economy is edging closer to recessionary conditions. The US Dollar Index (DXY), which tracks the currency against a basket of six peers, is trading around 97.70 after staging a technical rebound from seven-week lows touched earlier in the day.

Attention now turns to this week’s key inflation releases. The US Producer Price Index (PPI) will be published on Wednesday, followed by the Consumer Price Index (CPI) on Thursday, both of which are expected to shape expectations for the Fed’s policy outlook.

Technically, XAG/USD is struggling to extend its rally, with momentum indicators flashing caution. On the daily chart, the Relative Strength Index (RSI) is easing from overbought territory and showing bearish divergence, as price carved out higher highs while the oscillator printed lower highs. This divergence often precedes corrective pullbacks, highlighting fading upside momentum. The Average True Range (ATR) remains muted near 0.81, suggesting limited volatility in the short term, though a break outside the $41.50-$40.50 band could trigger a sharper move.

The first line of defense sits at $40.50, followed by the 21-day Simple Moving Average (SMA) at $39.24. Deeper losses could target the 50-day SMA near $38.40. On the upside, a sustained move above $41.70 would reduce the significance of the divergence and open the door toward the $42.00 psychological barrier.