Gold (XAU/USD) Price Forecast: Bears Defend Key Resistance Zone
Gold remains under pressure as converging moving averages reinforce resistance, leaving bears in control while traders watch for either a downside continuation or a bullish breakout.
Market narrative
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Gold remains under pressure as converging moving averages reinforce resistance, leaving bears in control while traders watch for either a downside continuation or a bullish breakout.
Forex
For the first time this cycle, a silver miner has filed hard numbers on a forced production cut, and a mine-safety crackdown in China is behind it, not anything the price did.
Euro gains as softer US inflation weighs on US Dollar
USD/CHF Price Forecast: Pulls below 0.8100 but remains bullish
Gold price jumps as US inflation knocks the US Dollar off its pedestal
U.S. inflation report provided significant support to precious metals markets.
Pound Sterling Price News and Forecast: GBP/USD strengthens after US CPI surprises to the downside
The surprising CPI report put material pressure on the American currency.
We believe metals and miners are forming critical lows that could hold for the remainder of the bull market.
Silver Price Forecast: Soft US inflation lifts XAG/USD, but downside bias remains
See latest Pound forecasts including against the euro, US dollar and Swiss Franc here. The Pound to Swiss Franc exchange rate has climbed strongly in July, with GBP/CHF trading around 1.0830 after reaching a fresh 2026 high above 1.0880.
Summary:USD/CNY slipped below 6.78 after the People's Bank of China set another stronger-than-expected daily fixing, reinforcing support for the Chinese yuan. Markets see the PBOC allowing gradual yuan appreciation while avoiding excessive volatility through its daily reference rate and liquidity operations.
A medida que comienza la semana de negociación, el euro vuelve a mostrar un sesgo alcista de corto plazo después de la publicación de los datos de inflación en Estados Unidos, que han ayudado a relajar la fuerza del dólar estadounidense.
As the trading week begins, the euro is once again showing a short-term bullish bias after the release of inflation data in the United States, which has helped ease strength around the U.S. dollar.
The gold market rallied after the CPI numbers came out weaker than anticipated.
Silver rallied early on Tuesday, as we continue to see a lot of noisy behavior. At this point, the markets are confused as far as I can see.
British pound, GBP/USD and U.S. inflation are back in focus as Sterling struggles to extend its recovery. Michael Boutros, Senior Market Analyst at FOREX.com, examines the key technical levels that could determine the next move for GBP/USD, explains why resistance remains intact, and discusses how upcoming U.S. CPI, PPI and retail sales data could shape the outlook for the U.S. dollar and Sterling in the days ahead.
Euro: Rate support at risk against US Dollar with energy shock – ING
GBP/JPY Price Forecast: Buyers defend 216.50 as bullish trend continues
Gold managed to meet the target of 4050 and broke below it. Prices are still searching for support with the medium term support being at 3886.