Platinum price succeeded in surpassing $1835.00 level yesterday, reaching the initial target by hitting $1926.00 level, despite the positive factors, we confirm the stability of the trading above $1900.00 to reinforce the chances of resuming the bullish trend and targeting new positive targets by reaching $1958.00 initially, followed by $2060.00, which represents the next main target in the medium trading.
While the price failure to settle above $1900.00 might force it to activate the corrective attempts, to expect reaching the 55-level moving average near $1790.00.
The expected trading range for today is between $1850.00 and $1958.00
Despite the weakness of the last trading of EURJPY pair’s price and forming weak sideways fluctuation by its stability near 178.50, it will not affect the main bearish scenario due to its stability below 180.80 barrier.
Providing negative momentum continuously by the main indicators will increase the chances of attacking 177.80 barrier, as surpassing it will open the way for reaching extra negative stations that are represented by 177.35 and 176.70 level.
The expected trading range for today is between 177.35 and 179.40
Benchmark Brent crude oil futures rose past $100 a barrel on Wednesday, breaching the symbolic barrier for the first time since July 24, as intensifying conflict in the Middle East fuelled growing concerns about oil flows from the region.
Brent crude futures rose $2.15, or 2.2%, to $100.07 a barrel by 0721 GMT, while U.S. West Texas Intermediate crude was up $1.70, or 1.83%, at $94.73 a barrel.
Brent has risen by a quarter since early last month as hopes fade for a permanent resolution to the six-month-old conflict between the U.S. and Iran.
U.S. Secretary of State Marco Rubio said Washington would continue targeting Iranian oil tankers in response to attempted attacks on U.S. warships. “Iran continues to try to hit U.S. naval ships, and for every time they do that or try to do that, they’re going to lose tankers,” Rubio told reporters during a visit to Colombia.
U.S. Central Command said on Tuesday that its forces had destroyed five Iranian crude oil carriers on September 8 following attempted missile attacks on a U.S. Navy warship over the previous two days.
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Jordan’s air-defence systems intercepted 18 of the 20 ballistic missiles launched from Iranian territory, while the other two fell in unpopulated areas, according to the country’s state news agency, which cited the military. No casualties were reported.
Where are prices headed?
Goldman Sachs has warned that oil prices could reach as high as $120 a barrel if attacks on shipping in the Middle East intensify, with the renewed hostilities raising concerns about disruptions to crude supplies.Daan Struyven, co-head of global commodities research at Goldman Sachs, said in an interview with Bloomberg that recent developments indicated that the risk of wider and more severe shipping disruptions had become an important concern.
Struyven said Goldman Sachs sees “meaningful upside to crude oil prices”, while also suggesting that investors position for higher natural gas and refined product prices. He said the supply shocks in gas and fuels are larger than those in the crude market.
The duration of the disruption will be critical for the oil market. JPMorgan estimates that every additional month of disruption could add around $7 to $8 a barrel to Brent prices. If the disruption lasts three months, the bank expects average monthly Brent prices to reach around $114 a barrel.
Citi has raised its average Brent crude price forecast for the third quarter to $86 a barrel from $80, pointing to a longer-than-expected timeline for the reopening of the Strait of Hormuz.
ANZ analysts have also increased their short-term Brent forecast to $95 a barrel and warned that prices could rise further if the Middle East conflict escalates. They said a prolonged standoff involving calibrated military action by the U.S. and Iran appeared to be the most likely scenario, potentially delaying the return of full Middle East supply.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Gold (XAU/USD) trims losses on Wednesday, with price action returning to the $4,400 area during the European morning session, after bouncing from $4,345 lows on Tuesday. The precious metal is drawing support from broad-based US Dollar (USD) weakness, although the broader trend remains bearish, after losing more than $100 in the previous three trading days.
The Greenback is on its back foot on Wednesday, with investors awaiting Friday’s US Consumer Inflation figures to confirm expectations that the Federal Reserve will hike interest rates next week.
Strategists at Brown Brothers Harriman argue that “a hot CPI print would all but seal a September hike and underpin a firmer USD,” whereas “a cooler reading would strengthen the case for a hold and leave USD vulnerable to a dovish Fed repricing.” BBH experts, however, warn that “even if a September Fed hike becomes a done deal, we doubt USD will make new cyclical highs,” noting that tightening by other major central banks “limits policy divergence, with the ECB widely expected to deliver a 25bps hike tomorrow.”
Technical Analysis: A bearish H&S pattern looms
XAU/USD has trimmed losses, returning to $4,400, yet with price action contained within Tuesday’s range, and with the broader bearish structure intact. The precious metal remains capped below the 200-day Simple Moving Average (SMA), with last week’s knee-jerk reaction looking like the second shoulder of a bearish Head & Shoulders (H&S) formation.
Momentum indicators in the daily chart are neutral-to-bearish, with the Relative Strength Index (RSI) flat around 50 and the Moving Average Convergence Divergence (MACD) in negative territory, suggesting that rebounds are vulnerable.
Tuesday’s low in the mid-$4,300s is holding bears for now and closing the path to the H&S neckline between $4,311 and $4,282, the August 14 and September 2 lows, respectively. A confirmation below those levels brings the August 6 low, at $4,223, into focus. Upside attempts above $4,400, on the contrary, are likely to meet resistance at Tuesday’s high of $4,443, ahead of last week’s highs around $4,500 and the 200-day SMA at $4,537.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Gold FAQs
Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
Platinum price didn’t move anything since yesterday, keeping its temporary sideways fluctuation near $1825.00 level, due to the continuation of forming an obstacle against the bullish rally at $1835.00 level.
We recommend waiting to confirm the required breach by providing positive closes above the current barrier, reinforcing the chances of reaching the positive stations, which might begin at $1910.00 and $1958.00, while the risk of changing the trend and begin a bearish trend depends on breaking $1705.00 support.
The expected trading range for today is between $1780.00 and $1910.00
Despite the weakness in the natural gas price last trading, it formed a new sideways fluctuation by its stability near $2.880 level, however it didn’t affect the chances of forming new bullish waves, depending on the stability of the main support at $2.620 besides forming extra support at $2.810 level against the current trading.
The continuation of providing positive momentum by stochastic will help it renew the bullish attempts in the near period, to keep waiting for attacking $3.100 level, and surpassing it will ease the mission of achieving extra losses by its rally towards $3.250 and $3.450.
The expected trading range for today is between $2.800 and $3.100
Silver price (XAG/USD) is up almost 1% to near $66.40 during the Asian trading session on Wednesday. The white metal strengthens as the US Dollar remains under pressure despite expectations that the Federal Reserve (Fed) could raise interest rates at the policy meeting next week.
At press time, the US Dollar Index (DXY), which gauges the Greenback’s value against six major currencies, trades slightly lower to near 98.76. The USD Index is closer to its two-week low of 98.72 posted on Tuesday.
A lower US Dollar makes the Silver price a favorable risk-reward bet for investors.
According to the CME FedWatch tool, traders see a 60% chance that the Fed will raise interest rates in the September policy meeting. Hawkish Fed bets are propelled by a stronger-than-expected United States (US) Nonfarm Payrolls (NFP) report for August released on Friday.
Meanwhile, investors await the US Consumer Price Index (CPI) data for August scheduled for Friday to get fresh cues regarding the Fed’s monetary policy outlook.
TD sees core inflation easing but flags upside risks from tariffs
According to TD Securities, core inflation likely continued to moderate in August, with the bank projecting that “core CPI rose 2.3% on a y/y basis, down 10 bps vs July,” while “headline inflation likely stayed unchanged at 3.4% y/y.” However, the economists caution that “we see the risks to our forecasts as skewed to the upside given that we’re assuming a number of large price declines in tariff-exposed goods categories.”
Silver Technical Analysis
In the daily chart, XAG/USD trades at $66.42. The metal trades close to the 20-period Exponential Moving Average (EMA) at $65.79, reflecting a sideways trend.
The 14-period Relative Strength Index (RSI) at 53.68 sits in neutral-positive territory, suggesting modest bullish momentum rather than overbought conditions.
On the downside, initial support is seen near the August 19 low at $62.19, followed by the psychological level of $60.00. Looking up, the June high at $71.56 appears to be a strong barrier for the Silver price bulls.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
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.
Coffee prices today in the domestic market simultaneously reversed to increase compared to the previous session. According to giacaphe. com, the average coffee price on September 9 remained at 95,600 VND/kg, up 1,300 VND/kg.
In Gia Lai and Dak Lak, coffee prices were recorded at 95,500 VND/kg, an increase of 1,300 VND/kg.
In Lam Dong, the listed coffee price is at 95,000 VND/kg, an increase of 1,300 VND/kg.
The old Dak Nong area still maintained the highest price in the whole region, recording a level of 95,800 VND/kg, an increase of 1,300 VND/kg.
The USD/VND exchange rate according to Vietcombank was recorded at 25,750 VND/USD, down 20 VND/USD.
World coffee prices
In the world market, coffee prices increase and decrease according to each term with different exchanges.
According to Barchart, the September 2026 Robusta futures contract today reversed to decrease by 28 USD/ton, anchored at the 3,347 USD/ton mark. In the opposite direction, the November 2026 futures were listed at 3,458 USD/ton, up 53 USD/ton. The term from January 2027 to May 2027 witnessed the highest increase of 57 USD/ton, to 3,420 – 3,446 USD/ton.
As of 1:15 PM, Robusta contracts increased and decreased interspersed at various terms. Source: Giacaphe. com
On the other hand, the September 2026 Arabica futures contract decreased by 5.8 cents/lb (equivalent to 1.79%), maintaining at the 318.45 cent/lb mark. The December 2026 term decreased by 4.30 cents/lb, bringing the price to the 291.30 cent/lb mark. Further forwards are anchored in the range of 278 – 282.65 cents/lb.
As of 1:15 PM, Arabica contracts decreased across all terms. Source: Giacaphe. com
Assessments and forecasts
Arabica coffee contract for December delivery (KCZ26) closed the session on Tuesday down 4.30 cents, equivalent to 1.45%, while robusta ICE coffee for November delivery (RMX26) increased by 53 USD, equivalent to 1.56%.
Coffee prices closed in opposite directions on Tuesday, with Arabica falling to its lowest level in 2 months. Brazil’s increase in coffee exports put pressure on Arabica prices as the Brazilian Ministry of Commerce said coffee exports in August increased by 44.6% year-on-year, to 206,618 tons, the highest level in 8 months.
Robusta coffee prices rose on Tuesday due to forecasts of heavy rain in the Central Highlands of Vietnam, the largest coffee production region in the country, which could flood farms and damage coffee crops.
In Thursday’s session last week, Robusta prices fell to a 3-month low due to signs that coffee supply from Vietnam, the world’s largest Robusta producer, is increasing. The Vietnam National Bureau of Statistics said last Wednesday that Vietnam’s coffee exports in the first 8 months of 2026 increased by 13.7% year-on-year, to 1.33 million tons.
Rainfall higher than normal in Brazil may promote the flowering process for next year’s coffee crop, thereby becoming a factor putting downward pressure on prices.
Meanwhile, the decrease in inventory is a factor supporting Arabica coffee prices, when Arabica inventory at ICE decreased to the 27-year low, to 218,838 bags. Conversely, increased Robusta inventory is a factor putting pressure on prices when Robusta inventory at ICE increased to the highest level in 9.25 months, reaching 5,004 lots.
2026.09.08 2026.09.08 Short-Term Analysis for Oil, Gold, and EURUSD for 08.09.2026
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 suggest entry signals for intraday traders.
The euro remains in an uptrend.
The article covers the following subjects:
Major Takeaways
USCrude: Oil is rising toward the Target Zone 2 at 94.49–93.68.
EURUSD: The euro is approaching the first bullish target of 1.1642.
Oil Price Forecast for Today: USCrude Analysis
Oil continues to trade in a short-term uptrend. The price is climbing toward the Target Zone of 2 at 94.49–93.68. Consider long trades once the price pulls back to the support zone A of 87.61–87.17, with the first target at 89.57 and a second one around 91.97.
USCrude Trading Ideas for Today:
Buy near support A of 87.61–87.17. TakeProfit: 89.57, 91.97. StopLoss: 86.11.
Gold Forecast for Today: XAUUSD Analysis
Gold is maintaining a short-term downtrend. Bears are holding the price below the resistance zone B of 4,451–4,436. Thus, consider holding short trades until the first target of 4,367 is reached. If the price breaks below this level, the next bearish target will be at 4,282.
The price should break above the 4,464 level to create buying opportunities and reverse the trend.
XAUUSD Trading Ideas for Today:
Hold short trades opened at resistance B of 4,451–4,436. TakeProfit: 4,367, 4,282. StopLoss: 4,472.
Euro/Dollar Forecast for Today: EURUSD Analysis
The euro is trading in an uptrend and is approaching the first bullish target of 1.1642. If the price pierces this level and settles above it, the next target will be the August high of 1.1711. Should the asset exceed the August high, it may climb further toward the Target Zone 2 of 1.1761–1.1744.
If the euro price breaks below the key support of 1.1585–1.1572 within the short-term uptrend, one may consider short trades the next trading day, aiming for the lower Target Zone of 1.1459–1.1434.
EURUSD Trading Ideas for Today:
Hold long trades opened near support B of 1.1585–1.1572. TakeProfit: 1.1642, 1.1711. StopLoss: 1.1579.
Would you like to learn more about technical analysis methods and principles? Explore our comprehensive guide.
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Price chart of EURUSD in real time mode
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The Middle East conflict keeps financial markets in risk-averse mode.
Investors bet the US Federal Reserve will hike interest rates in September.
XAU/USD is trading range-bound, although the risk skews to the downside.
Gold attempt to regain its bullish momentum faltered around $4,700, with the precious metal now struggling to retain the $4,400 mark. The XAU/USD pair peaked in late August amid reduced speculation that the United States (US) Federal Reserve (Fed) would hike interest rates in September.
Risk-related trading has dominated financial markets for most of this year, with the main focus on Oil price movements and their impact on inflation. The conflict between the US and Iran, which keeps the main Middle East sea passage interrupted, is the main driver for energy prices.
US President Donald Trump launched an attack on Tehran on claims that the Islamic country continued to develop nuclear weapons. But of course, making the US the number one global Oil exporter was also behind the decision to initiate a war. What Trump did not calculate is what Iran’s stubbornness is costing the American people and the rest of the war.
Iran not only refused to capitulate, but also made its own demands and blocked the Strait of Hormuz. As a result, energy prices skyrocketed and exposed the fragile equilibrium between economic progress and inflation. This implies tighter monetary policy, which in turn slows economic growth.
President Trump for sure wants economic growth, but he also demands lower interest rates from the US central bank, something Chair Kevin Warsh & co cannot deliver with increasing price pressures. Instead, the Fed is leaning toward rate hikes.
The situation created a particular market response: In a risk-averse scenario, investors tend to rush into safety. Gold is the preferred refuge, usually followed by the Japanese Yen (JPY) and the Swiss Franc (CHF). The US Dollar (USD) is also considered a safe-haven asset, yet in tumultuous times, Gold demand tends to outpace that of the Greenback.
However, when potential US Fed rate hikes are added to the equation, the USD firms up vs the precious metal. That’s the case these days.
XAU/USD Technical Outlook:
As market participants bet on a Fed interest rate hike in September, XAU/USD comes under pressure.
From a technical point of view, the 4-hour chart shows XAU/USD as bearish, as the pair sits below the 20-period and 100-period moving averages while holding above the 200-period moving average. The 20-period SMA at $4,433.64 and the 100-period SMA at $4,491.14 act as overhead caps, suggesting rallies remain corrective within a broader consolidation. Momentum readings reinforce this subdued bias, with the 14-period Relative Strength Index (RSI) indicator heading marginally lower around 44 and the 14-period Momentum indicator developing below its midline, albeit directionless.
In the daily chart, XAU/USD sits between key moving averages, holding above the 100-day SMA at $4,346.86 while remaining capped by the 20-day SMA at $4,468.52 and the 200-day SMA at $4,536.74. The SMAs are neutral-to-bearish, reflecting increasing selling interest. The RSI indicator, in the meantime, pierces its midline, while the Momentum indicator gains downward traction within neutral levels, in line with lower lows ahead.
On the topside, immediate resistance emerges at the 20-period SMA near $4,433.64, with a break above this level exposing the denser barrier formed by the 100-period SMA around $4,491.14. On the downside, initial support comes from the market’s ability to defend the current area around $4,398, with the 100-day SMA at $4,346.86 as the next key floor; a clear drop below this level would expose deeper corrective risk within the broader range.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
