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2 09, 2026

Silver Price Forecast: XAG/USD Holds Above Key $65.50 Support as Traders Await Direction | Forex News Technical Analysis

By |2026-09-02T05:48:18+03:00September 2, 2026|Forex News, News|0 Comments


BitcoinWorld

Silver Price Forecast: XAG/USD Holds Above Key $65.50 Support as Traders Await Direction

Silver (XAG/USD) is trading in a narrow range above the critical support level of $65.50 per ounce as of March 26, 2026, with market participants looking for fresh catalysts to determine the next directional move. The precious metal has been consolidating over the past week, caught between support at $65.50 and resistance near $67.00, as investors weigh shifting Federal Reserve rate expectations against ongoing industrial demand from the green energy sector.

What is Driving the Silver Market Today?

Silver prices are being supported by a combination of macroeconomic and industrial factors. On the macro side, the Federal Reserve’s latest projections, released at the March meeting, indicate a slower pace of rate cuts than previously expected, which has kept the US dollar firm and limited upside for precious metals. However, silver’s dual role as both a monetary metal and an industrial input has provided a floor under prices, as global solar panel production continues to expand at a record pace, boosting demand for the metal.

Additionally, exchange-traded fund (ETF) holdings in silver have seen steady inflows over the past month, suggesting that institutional investors are viewing current levels as an attractive entry point. The latest CFTC data shows that net long positioning by managed money has increased by 4.2% from the previous week, reflecting a cautiously optimistic sentiment among speculative traders.

Technical Analysis: Key Levels to Watch

From a technical perspective, the $65.50 level is a confluence of multiple support factors, including the 50-day exponential moving average (EMA) and a trendline extending from the October 2025 low. A decisive break below this zone could open the door to the next support at $63.80, which is the 38.2% Fibonacci retracement of the rally from the October low to the February high. On the upside, the immediate resistance is at $67.00, followed by the psychological $70.00 mark, which has not been tested since early February.

Momentum indicators are currently neutral, with the relative strength index (RSI) hovering near 50 and the MACD showing a flat histogram. This suggests that the market is in a wait-and-see mode, and a breakout in either direction is likely to set the tone for the next leg of the trend. Volume has been relatively subdued, indicating that traders are reluctant to commit before clearer signals emerge.

Why the $65.50 Level Matters

The $65.50 support level is significant not only from a technical standpoint but also because it aligns with a key psychological round number that many algorithmic trading systems use as a reference point. A sustained move below this level could trigger stop-loss orders, leading to a sharp selloff, while a strong bounce would reinforce the bullish narrative. For short-term traders, this level provides a clear risk-management reference, making it a focal point for intraday strategies.

Market Outlook and Implications for Investors

Looking ahead, the near-term direction for silver will likely be dictated by upcoming US economic data, particularly the core PCE price index due later this week and the nonfarm payrolls report scheduled for early April. Stronger-than-expected inflation or employment data could reinforce the Fed’s hawkish stance, pressuring silver prices, while any signs of economic weakness might revive expectations for rate cuts and boost the metal’s appeal as a hedge.

For longer-term investors, the structural demand story remains intact. The International Energy Agency (IEA) projects that global solar capacity will grow by 20% in 2026, which would require approximately 8,000 tonnes of silver, representing a significant portion of annual mine production. This industrial demand, combined with tight above-ground inventories, suggests that any significant pullback could be viewed as a buying opportunity by those with a multi-year horizon.

Conclusion

Silver is at a pivotal juncture, holding above key support at $65.50 as traders await fresh catalysts. The outcome of upcoming economic data and the Fed’s policy path will likely determine whether the metal breaks higher toward $67.00 or lower toward $63.80. For now, the market remains balanced, with technical levels providing clear guideposts for traders and fundamental drivers supporting a constructive long-term outlook.

FAQs

Q1: What is the current silver price and why is $65.50 important?
As of March 26, 2026, silver (XAG/USD) is trading just above $65.50 per ounce. This level is significant because it aligns with the 50-day EMA and a trendline from the October 2025 low, making it a key support zone that traders are watching closely.

Q2: What are the main factors influencing silver prices right now?
Silver is being influenced by Federal Reserve monetary policy expectations, US dollar strength, and robust industrial demand, particularly from the solar energy sector. ETF inflows and speculative positioning also play a role in short-term price movements.

Q3: What are the next key resistance and support levels for silver?
The immediate resistance is at $67.00, followed by the psychological $70.00 level. On the downside, if $65.50 breaks, the next support is at $63.80, which corresponds to the 38.2% Fibonacci retracement of the recent rally.

This post Silver Price Forecast: XAG/USD Holds Above Key $65.50 Support as Traders Await Direction first appeared on BitcoinWorld.



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2 09, 2026

Coffee prices today 1/9: Fluctuations after 1 week

By |2026-09-02T01:47:18+03:00September 2, 2026|Forex News, News|0 Comments


Domestic coffee prices today

Coffee prices today in the domestic market have not changed compared to the previous session. According to giacaphe. com, coffee prices on September 1st averaged 95,600 VND/kg.

In Dak Lak, coffee prices were recorded at 95,500 VND/kg, down 1,000 VND/kg after a week.

In Lam Dong, coffee prices are still 95,000 VND/kg. This is the lowest level among the surveyed areas.

In Gia Lai, coffee prices are at 95,500 VND/kg, down 1,000 VND/kg compared to the same time last week.

The old Dak Nong area recorded a level of 95,700 VND/kg. This is the highest level in today’s price list.

After 1 week, the price level is still significantly lower than the area of 97,000-97,700 VND/kg recorded last week.

The USD/VND exchange rate according to Vietcombank is recorded at 25,850 VND/USD.

World coffee prices

In the world market, coffee prices fluctuate in opposite directions.

According to Barchart, the December 2026 Arabica futures contract closed down 1.35 US cents/lb, equivalent to 0.43%, to 311.50 cents/lb. Meanwhile, the September 2026 Robusta futures contract stood still, anchored at the $3,492/ton mark.

Coffee price assessment

According to AFP, Vietnam’s Central Highlands produces about 1/6 of the world’s coffee production, but many farmers are switching from this traditional crop to durian to take advantage of the increasing demand in China for the fruit dubbed the “king of fruits”.

Favored by nature with a tropical climate and fertile basalt soil, the Central Highlands produces a large amount of Robusta coffee. Vietnam is currently only behind Brazil in coffee production.

However, according to the Ministry of Agriculture and Rural Development, the area of durian cultivation in Vietnam has increased more than 5 times, to 200,000 hectares in the past decade.

Vietnam officially accessed the Chinese durian market after signing a trade protocol in 2022. By last year, Vietnam had become the largest durian supplier to China in terms of output, ending nearly 20 years of Thailand dominating this market.

Vietnam’s durian exports are forecast to reach 4 billion USD this year, a sharp increase compared to 180 million USD in 2021. Of which, 90% of the output is exported to the northern neighboring country.

However, in the Central Highlands, increasing concerns are emerging about dependence on the Chinese market, as well as the risk of oversupply as more and more farmers are running after durian trees.

Many people are worried about the recent plunge in durian prices in Malaysia, believed to be due to an unusual bumper crop in this country.

Farmers still maintain coffee area on land leased from coffee companies, thereby contributing to dispersing risks.





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1 09, 2026

Crude Oil Price Forecast: Can It Hit $100 Again in September Amid Flaring US-Iran Tensions?

By |2026-09-01T21:46:22+03:00September 1, 2026|Forex News, News|0 Comments


Geopolitical risk has once again taken centre stage in crude oil markets as we enter September. Iran and the US traded strikes in the Middle East, pushing Brent crude futures above $90 — right where they started in August.

This recent price increase highlights how quickly crude markets are responding to geopolitical developments. The path towards the psychological price of $100 seems increasingly plausible.

Oil Price Today: Brent and WTI Rebound on Middle East Risk

On 1 September, oil prices rose as renewed tensions between the US and Iran in the Middle East heightened concerns over potential supply disruptions from the world’s major crude-producing region.

Brent crude futures increased by 56 cents (0.6%) to $91.05 per barrel, while US West Texas Intermediate (WTI) crude rose by 83 cents (1%) to $86.59 per barrel.

These increases followed strong performances in the previous session, when Brent settled 2.7% higher after reaching its highest level since 25 August. WTI also advanced by 2.8% and briefly reached its highest level since 21 August.

Oil benchmark

September 1, 2026

Recent move

Key level to watch

Brent crude

$91.05/bbl

+0.6%

$100

WTI crude

$86.59/bbl

+1.0%

$90–$100

Brent previous-session gain

—

+2.7%

—

WTI previous-session gain

—

+2.8%

—

What’s Driving Crude Oil Prices?

In September, US President Donald Trump warned of additional strikes against Iran after the two countries exchanged direct attacks for the first time in a month on Sunday. This development has further escalated tensions in the ongoing conflict, which recently evolved into an economic standoff.

Meanwhile, according to shipping data from Kpler, the number of visible commodity vessels passing through the Strait of Hormuz fell to just five a day over the weekend. Efforts by mediators, including Qatar and Oman, to broker an agreement to reopen the strategic waterway have so far been unsuccessful.

Before the conflict began in late February, the Strait of Hormuz accounted for around one-fifth of global oil supplies. Iran closed the waterway after the United States and Israel launched attacks on the country on 28 February, disrupting a critical route for global energy shipments.

If traffic through the Strait of Hormuz remains severely restricted, the oil market could remain structurally tight even if global demand weakens. The longer the disruption lasts, the greater the probability that Brent will reach $100 or more.

Could Brent Crude Reach $100 Again in September?

Renewed U.S.-Iran tensions have once again brought Brent crude into the spotlight, raising concerns over the global oil supply. The key question for investors is whether this latest rally can push Brent back above the important psychological threshold of $100 per barrel. The answer is yes, but whether $100 becomes a temporary spike or a sustainable trading level will depend on the duration of the geopolitical disruption.

The strongest bullish catalyst is currently geopolitical supply disruption. The Strait of Hormuz is particularly important as it is a major transit route for global oil flows. According to EIA data, Brent climbed as high as $105 per barrel on 23 July 2026 following renewed tanker attacks and restrictions on shipments through the waterway.

Another bullish factor is the decline in global oil inventories. The IEA reported that global oil supply remained substantially below pre-war levels and that continued disruption to Middle Eastern production and transportation had reduced the 2026 supply outlook.

This creates a scenario in which Brent could quickly return to $100 if physical supply losses accelerate. $100 is now a realistic upside scenario rather than a certain outcome. Before the market could establish a convincing path towards the psychological $100 threshold, Brent would likely need to break and hold above $95.

Brent forecast

Probability 

Implication

Key driver

Bear case

$75–$85

Lower

Ceasefire + reopening of Hormuz

Base case

$85–$95

Moderate

Persistent disruption but partial flows

Bull case

$95–$110

Rising

Prolonged shipping restrictions

Extreme upside

$110–$120

Low

Major infrastructure/export disruption

What Do Other Oil Forecasts Say?

Prolonged supply disruptions in the Middle East have kept the outlook for crude oil prices elevated. However, market forecasts remain significantly more conservative than the current geopolitical risk premium.

According to a Reuters poll, analysts have maintained forecasts for oil prices above $80 a barrel in 2026, as shipping disruptions linked to the U.S.-Iran conflict drive expectations of reduced supplies, while weak demand in China limits the upside.

In an August survey, 31 economists and analysts predicted an average Brent crude price of $85.08 per barrel and an average U.S. crude price of $80.20 per barrel in 2026, which is roughly in line with July’s forecasts of $85.22 and $80.14, respectively.

TA Securities increased its forecast for the price of Brent crude to US$90 per barrel in 2026, stating that prices could surpass US$100 per barrel in the event of a more severe escalation that disrupts regional oil production or the flow of oil through the Strait of Hormuz.

The research firm maintained its ‘neutral’ outlook on the oil and gas sector, stating that stronger upstream and gas earnings were offset by downstream losses and uncertainty regarding the sustainability of elevated oil prices.

Conclusion

The oil market enters September with an unusually powerful combination of geopolitical and fundamental risks. $100 Brent is achievable, but it is not yet the most likely sustained price level. The next major signal for traders will be whether Brent can decisively break $95 while physical supply disruptions continue. If that happens alongside further inventory draws and worsening tensions around Hormuz, $100–$120 becomes a realistic upside zone. Conversely, a durable ceasefire and reopening of key shipping routes could quickly remove the geopolitical premium and send crude back toward the $75–$85 range.

FAQs

1. Can oil prices reach $100 per barrel again?

Yes. Brent crude could retest $100 per barrel if U.S.-Iran tensions escalate further, shipping through the Strait of Hormuz remains severely restricted, or major Middle Eastern oil infrastructure is disrupted. Brent was recently trading around $91 per barrel, leaving it roughly 10% below the $100 threshold.

2. Why is oil rising amid Middle East tensions?

The latest rally is primarily driven by concerns about potential disruptions to crude production and transportation, particularly around the Strait of Hormuz. Reuters reported that renewed U.S.-Iran hostilities have revived fears that oil flows through the strategic waterway could remain constrained.

4. Why is the Strait of Hormuz so important for oil prices?

The Strait of Hormuz is one of the world’s most important oil chokepoints and historically handled approximately one-fifth of global oil flows. Any prolonged disruption can tighten physical supply and increase the geopolitical risk premium embedded in crude prices.

5. What could push Brent crude above $100?

The most important bullish catalysts include a prolonged Hormuz disruption, attacks on Middle Eastern energy infrastructure, declining global inventories, and further reductions in Gulf oil exports. A sustained supply shortage would make a move above $100 more likely.

6. What could prevent oil from reaching $100?

A durable U.S.-Iran ceasefire, restoration of Hormuz shipping, recovery of Middle Eastern production and weaker global oil demand could limit the upside. EIA currently expects Brent to average around $85 per barrel in Q3 2026 and gradually decline as production recovers.

 



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1 09, 2026

Gold Price Forecast: XAU/USD Slips Below $4,400 as Fed Hawkish Repricing Boosts Dollar | Forex News Analysis

By |2026-09-01T17:45:17+03:00September 1, 2026|Forex News, News|0 Comments


BitcoinWorld

Gold Price Forecast: XAU/USD Slips Below $4,400 as Fed Hawkish Repricing Boosts Dollar

Gold price (XAU/USD) has extended its reversal below the $4,400 mark, pressured by a hawkish repricing of Federal Reserve interest rate expectations that has strengthened the US Dollar and pushed Treasury yields higher. As of the latest trading session, spot gold is trading around $4,380, down from recent highs, as markets adjust to the possibility of prolonged higher borrowing costs.

Why Is Gold Falling Below $4,400?

The primary driver behind gold’s decline is the market’s reassessment of the Federal Reserve’s monetary policy path. Recent comments from Fed officials, coupled with resilient economic data, have led traders to trim bets on early rate cuts, boosting the US Dollar and diminishing the appeal of non-yielding assets like gold. The 10-year Treasury yield has climbed to multi-week highs, increasing the opportunity cost of holding bullion.

Impact of Fed Policy on XAU/USD

The Federal Reserve’s stance remains data-dependent, but the market now prices in a higher peak rate and a slower pace of cuts than previously anticipated. This shift has been reflected in the dollar index, which has rallied to a two-month high, directly pressuring gold. According to the CME FedWatch Tool, the probability of a rate cut in March has fallen below 30%, down from over 50% a month ago.

What This Means for Gold Investors

For investors, the current environment suggests that gold may face headwinds in the near term. However, analysts note that physical demand from central banks and safe-haven buying amid geopolitical uncertainties could provide a floor. The key support level to watch is $4,350, while resistance sits at $4,420.

Technical Outlook for XAU/USD

From a technical perspective, gold has broken below its 50-day moving average, signaling further downside potential. The Relative Strength Index (RSI) is hovering near 45, indicating bearish momentum but not yet oversold. If the $4,350 support holds, a rebound toward $4,400 is possible; otherwise, the next target could be $4,280.

Conclusion

Gold’s reversal below $4,400 reflects a broader market shift toward a more hawkish Fed outlook, strengthening the dollar and yields. While the near-term bias remains bearish, underlying demand and geopolitical risks could limit losses. Traders should monitor upcoming US economic data and Fed speeches for further direction.

FAQs

Q1: What is the current gold price forecast?
As of the latest data, gold is trading around $4,380, with a bearish bias as long as it stays below $4,400. Key support is at $4,350, and resistance is at $4,420.

Q2: How does Federal Reserve policy affect gold prices?
Gold is sensitive to interest rate expectations. When the Fed signals higher rates for longer, the dollar strengthens and yields rise, making gold less attractive and typically pushing prices lower.

Q3: What are the key levels to watch in XAU/USD?
Immediate support is at $4,350, followed by $4,280. On the upside, resistance is at $4,400 and then $4,420. A break above $4,420 could signal a reversal of the current downtrend.

This post Gold Price Forecast: XAU/USD Slips Below $4,400 as Fed Hawkish Repricing Boosts Dollar first appeared on BitcoinWorld.



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1 09, 2026

GBPAUD holds above support – Forecast Today – 01-09-2026

By |2026-09-01T13:43:17+03:00September 1, 2026|Forex News, News|0 Comments


The GBPAUD pair confirmed its ability to withstand negative pressure by posting another positive close above the support level at 1.8815. The pair is currently forming a temporary sideways fluctuation, stabilizing near 1.8890.

 

stochastic’ attempt to exit oversold territory will give the price a real opportunity to regain positive momentum, making it easier to form bullish waves and begin recording further gains, with the pair expected to advance soon toward 1.8950 and 1.9030.

 

The expected trading range for today is between 1.8860 and 1.8950

 

Trend forecast: Bullish





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1 09, 2026

Platinum price remains bullish– Forecast today – 1-9-2026

By |2026-09-01T09:42:28+03:00September 1, 2026|Forex News, News|0 Comments


Despite facing negative pressures and suffering some losses by Platinum price reaching $1777.00, it didn’t affect the main bullish trend, depending on its stability above the main support level near $1695.00.

 

The price needs to gain a new bullish momentum to help it renew the bullish attempts, to expect an attempt to rally towards $1830.00, then attempting to surpass the additional barrier at $1870.00, to confirm its readiness to form extra bullish waves in the upcoming period.

 

The expected trading range for today is between $1750.00 and $1830.00

 

Trend forecast: fluctuating within the bullish path





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1 09, 2026

Today’s Platinum Price in Malappuram – Live Platinum Rate per Gram & Kg

By |2026-09-01T05:41:19+03:00September 1, 2026|Forex News, News|0 Comments


Track the latest platinum price trends in Malappuram. Today, platinum is priced at
₹55,130 for 10 grams, ₹5,51,300 for 100 grams, and ₹55,13,000
per kilogram. In August, platinum prices fluctuated. The highest for 100 grams was
₹5,78,100, and the lowest ₹5,02,400. For 1
kg, prices ranged from ₹50,24,000 to ₹57,81,000.

Several factors affect platinum prices, such as global demand and supply dynamics,
mining activity, and geopolitical risks. Industrial consumption—mainly in the automotive
and electronics sectors—also drives price trends. Currency movements, especially of
the US dollar, along with inflation, investor behavior, and central bank actions, further
influence market value.



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1 09, 2026

Silver Price Forecast: XAG/USD consolidates below 100-Day SMA as momentum fades

By |2026-09-01T01:40:40+03:00September 1, 2026|Forex News, News|0 Comments


Silver (XAG/USD) is little changed on Monday, caught between a weaker US Dollar (USD) and lingering hawkish Federal Reserve (Fed) expectations, leaving the metal without clear direction after tumbling 4.11% on Friday in the wake of Fed Chair Kevin Warsh’s hawkish Jackson Hole comments. At the time of writing, XAG/USD trades around $66.25, down 0.23% on the day.

Warsh’s inflation-focused remarks at Jackson Hole initially pushed the US Dollar to over one-week highs, with the Dollar Index (DXY) climbing as high as 99.72, as traders revived bets on a September rate hike. The CME FedWatch Tool now shows a 65% probability of a 25-basis-point increase at next month’s meeting. The Greenback has since retraced most of those gains on Monday, with the DXY trading around 99.44 at the time of writing.

From a technical perspective, the latest leg lower has pushed XAG/USD back below the 100-day Simple Moving Average (SMA), tilting the near-term bias to bearish, though the metal still holds above the 50-day SMA at $61 and a Fibonacci support band between $60.97 (61.8% retracement) and $64.79 (38.2% level).

The Relative Strength Index (RSI) on the daily chart at 53 remains in neutral territory, having eased from above 60, suggesting bullish momentum is starting to fade while the Moving Average Convergence Divergence (MACD) indicator hovers near the zero line with a flattened profile, hinting at a consolidative phase before the next directional move.

On the topside, initial resistance emerges at the 23.6% Fibonacci retracement at $67.16, followed closely by the 100-day SMA near $68, where a sustained break would open the way toward the Fibonacci structural anchor at $70.99 and ultimately the 200-day SMA at $72.

On the downside, immediate support is seen at the 38.2% retracement at $64.79, with deeper demand located at the 50% level at $62.88 and the 61.8% retracement at $60.97, while the 50-day SMA at $61 reinforces this broader demand zone on any extended pullback.

(The technical analysis of this story was written with the help of an AI tool. Know more.)

US Dollar Price Today

The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Australian Dollar.

USD EUR GBP JPY CAD AUD NZD CHF
USD -0.29% -0.10% -0.24% -0.35% -0.01% -0.09% -0.18%
EUR 0.29% 0.18% 0.06% -0.03% 0.23% 0.22% 0.11%
GBP 0.10% -0.18% -0.11% -0.24% 0.05% 0.03% -0.04%
JPY 0.24% -0.06% 0.11% -0.12% 0.22% 0.17% 0.08%
CAD 0.35% 0.03% 0.24% 0.12% 0.35% 0.29% 0.19%
AUD 0.01% -0.23% -0.05% -0.22% -0.35% -0.04% -0.09%
NZD 0.09% -0.22% -0.03% -0.17% -0.29% 0.04% -0.08%
CHF 0.18% -0.11% 0.04% -0.08% -0.19% 0.09% 0.08%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).



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31 08, 2026

Gold Price Forecast: XAU/USD steadies near $4,400 lows amid rising Fed tightening bets

By |2026-08-31T21:39:24+03:00August 31, 2026|Forex News, News|0 Comments


Gold (XAU/USD) shows marginal gains on Monday, with price action hovering around $4.450 at the time of writing yet unable to take off from last week’s lows in the $4,400 area after depreciating more than 4% late last week. Rising bets that the Federal Reserve (Fed) will hike interest rates in September, coupled with the resumption of hostilities in Iran, are buoying the US Dollar and weighing on precious metals.

Bullion tanked on Friday as Fed Chairman Kevin Warsh conveyed an unexpectedly hawkish message at the Jackson Hole summit. Warsh urged policymakers to focus on prices, and said that the central bank has “work to do” to bring inflation to the bank’s 2% target. Investors ramped up bets of a September hike to 61% from 36% the day before, according to the CME’s FedWatch Tool.

Apart from that, the US and Iran exchanged attacks on Sunday to put an end to about one month of a tense truce. The US military attacked the Iranian island of Larak on Sunday, where the Islamic Revolutionary Guard Corps (IRGC) were allegedly preparing missiles to place sea mines in the Strait of Hormuz. Tehran responded by targeting US airbases in Jordan and the United Arab Emirates. The risk-off reaction has underpinned support to the safe-haven US Dollar.

Technical Analysis: Bears gain confidence below the 200-day SMA

XAU/USD trades at $4,450 after an impulsive reversal on Friday that pushed price action below the 200-day simple moving average (SMA) at $4,528. This is a very popular indicator for traders, and Friday’s clear move below it gives fresh hope for bears.

Momentum indicators in the bearish charts show a neutral-to-negative stance, with the Relative Strength Index (RSI) at 54.36 easing into a more neutral zone and the Moving Average Convergence Divergence (MACD) indicator drifting into negative territory, which hints at waning upside momentum and scope for further consolidation or downside probes.

Immediate support is seen at Friday’s floor in the $4,400 area, followed by the August 14 low near $4,310 and the August 6 low, near $4,225. Bulls, on the other hand, are likely to be challenged at the mentioned 200-day SMA, at $4,528, and the August 27 low near $4,565 ahead of last week’s highs, near $4,700.;

(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.



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31 08, 2026

The GBPJPY loses positive momentum – Forecast today – 31-8-2026

By |2026-08-31T17:38:15+03:00August 31, 2026|Forex News, News|0 Comments


 

The GBPJPY pair lost its positive momentum as stochastic falls below the 50 level, forcing the pair to post further negative closes below the barrier at 217.85. As a result, the pair is currently forming some corrective waves while stabilizing near the additional support level at 216.35.

 

Continued exposure to negative pressure will increase the chances of breaking the current support, confirming the pair’s submission to the bearish corrective bias. We therefore expect it to target 215.55 soon, followed by the additional support level near 214.90.

 

The expected trading range for today is between 215.55 and 217.10.

 

Trend forecast: Bearish





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