Platinum price attacked the barrier at $1400.00 yesterday, to find an exit to resume the bullish attempts, but this attempt ended by a clear failure to force it to decline temporarily towards $1381.00.

The contradiction between the main indicators might force the price to provide mixed trading until gathering extra positive momentum, to ease the mission of breaching the current barrier and begin recording extra gains by its rally to $1412.00 and $1435.00, while the attempts of changing the main trend requires achieving a real break to the support at $1340.00.

The expected trading range for today is between $1370.00 and $1412.00

Trend forecast: Fluctuated within the bullish track

Platinum price attacked the barrier at $1400.00 yesterday, to find an exit to resume the bullish attempts, but this attempt ended by a clear failure to force it to decline temporarily towards $1381.00.

The contradiction between the main indicators might force the price to provide mixed trading until gathering extra positive momentum, to ease the mission of breaching the current barrier and begin recording extra gains by its rally to $1412.00 and $1435.00, while the attempts of changing the main trend requires achieving a real break to the support at $1340.00.

The expected trading range for today is between $1370.00 and $1412.00

Trend forecast: Fluctuated within the bullish track

• Gold price drifts higher to around $3,645 in Thursday’s early Asian session.

• Rising Fed rate cut bets and geopolitical risks boost the Gold price. 

• The US CPI inflation report for August will be the highlight later on Thursday. 

The Gold price (XAU/USD) gains momentum to near $3,645 during the early Asian session on Thursday. The precious metal edges higher on expectations of a US Federal Reserve (Fed) interest rate cut, a weaker US Dollar (USD) and global geopolitical risks. All eyes will be on the US Consumer Price Index (CPI) for August, which will be released later on Thursday. 

US Producer Prices rose less than expected in August, reinforcing the view that the US central bank will deliver rate cuts at its upcoming policy meeting. This, in turn, weighs on the Greenback and underpins the USD-denominated commodity price. Lower interest rates could reduce the opportunity cost of holding Gold, supporting the non-yielding yellow metal. 

Traders expect a stronger Fed easing. Money markets are now fully pricing in a 25 basis points (bps) rate cut at the Fed’s September meeting, while the chance of a larger 50 bps reduction has also risen to nearly 12%, according to the CME FedWatch tool.

Meanwhile, escalating geopolitical tensions in Europe and the Middle East also boost the safe-haven flows, benefitting the Gold price. Geopolitical risks in Europe rose after Poland shot down Russian drones that crossed into its territory in Russia’s latest attacks on Ukraine. Additionally, Israel on Tuesday launched a strike on Doha, Qatar, targeting the senior leadership of Hamas. Qatar said the attack by Israel violated international law and threatens to widen the conflict in the Middle East. 

Gold traders will take more cues from the US August CPI inflation report later on Thursday. The headline CPI is expected to show an increase of 2.9% YoY in August, while the core CPI is projected to show a rise of 3.1% YoY during the same period. If the report shows a hotter-than-expected inflation, this could lift the USD and cap the upside for the precious metal price.  

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.

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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.

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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)

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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.