23_06.mp4
93.6 MB
Daily Market News with FXOpen - 23 June 2026
🔸 Oil inches down as investors focus on Hormuz flows after peace talks;
🔸 Dollar firms on hawkish Fed bets; yen near 40-year low;
🔸 Dow, S&P 500, Nasdaq futures waver as Wall Street weighs US-Iran talks.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com.
#Oil #CrudeOil #Commodities #Forex #USDJPY #FederalReserve #StockMarket #MarketNews #Trading
🔸 Oil inches down as investors focus on Hormuz flows after peace talks;
🔸 Dollar firms on hawkish Fed bets; yen near 40-year low;
🔸 Dow, S&P 500, Nasdaq futures waver as Wall Street weighs US-Iran talks.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com.
#Oil #CrudeOil #Commodities #Forex #USDJPY #FederalReserve #StockMarket #MarketNews #Trading
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25_06.mp4
95.5 MB
Daily Market News with FXOpen - 25 June 2026
🔸 Pfizer shares slide after weaker outlook as growth concerns weigh on sentiment;
🔸 Gold steadies near $4,000 as stronger dollar, rate outlook weigh;
🔸 Dollar rides near multi-year highs as Fed rate outlook stays hawkish.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com.
#Pfizer #Gold #USDollar #Fed #Forex #StockMarket #Commodities #Investing #Trading
🔸 Pfizer shares slide after weaker outlook as growth concerns weigh on sentiment;
🔸 Gold steadies near $4,000 as stronger dollar, rate outlook weigh;
🔸 Dollar rides near multi-year highs as Fed rate outlook stays hawkish.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com.
#Pfizer #Gold #USDollar #Fed #Forex #StockMarket #Commodities #Investing #Trading
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#brentoil #crudeoil #commodities #OilPrices #marketanalysis
Brent Crude Oil Analysis: Stabilisation or Simply a Pause?
Over the past few weeks, financial markets have been more focused than ever on developments surrounding the Strait of Hormuz — a critical waterway at the centre of ongoing US-Iran negotiations. The back-and-forth of diplomatic headlines has injected significant volatility into energy markets, causing no shortage of headaches for traders and investors alike. For now, the price appears to have found a temporary equilibrium around the key $70 per barrel level, returning to territory last seen before the outbreak of the conflict. The question, then, arises naturally: has the period of uncertainty and volatility finally come to an end, or is this merely a pause before the next move?
Technical Analysis of Brent Crude Oil
From a technical standpoint, Brent crude oil has been in a clear bearish trend for approximately one month, consistently forming lower highs and lower lows on the daily chart. Early warning signs were already visible in a notably strong RSI divergence: while price recorded higher highs between March and May on the candlestick chart, the RSI readings in May were significantly weaker than those of March — a textbook signal that bullish momentum was gradually exhausting itself.
The decisive blow came with the breakdown of the $88–$90 per barrel support zone, followed shortly after by the breach of the ascending trendline drawn from the lows at the start of the year. Price has since moved to the technically and psychologically crucial zone around $70 per barrel, where it appears to be pausing before committing to a clear direction.
→ Bearish scenario: A break below the short-term trendline formed during Thursday's session (25 June), combined with a confirmed close beneath $70, could open the path toward the $60 per barrel area — a scenario consistent with a progressively calmer geopolitical backdrop and a lasting US-Iran peace agreement.
→ Bullish scenario: For buyers to regain control, price would need to reclaim the current week's highs around $81, confirming a clear bounce from the support zone around $70. This would set the stage for a potential retest of the former support — now acting as resistance — in the $88 zone, a level that could prove decisive for the asset's medium-term direction. Here too, geopolitical developments remain the key wildcard.
Will crude oil find its equilibrium, or does further turbulence lie ahead for investors and traders?
Start trading commodities with tight spreads*. Learn more about trading commodity CFDs with FXOpen. *Additional fees may apply.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice
Brent Crude Oil Analysis: Stabilisation or Simply a Pause?
Over the past few weeks, financial markets have been more focused than ever on developments surrounding the Strait of Hormuz — a critical waterway at the centre of ongoing US-Iran negotiations. The back-and-forth of diplomatic headlines has injected significant volatility into energy markets, causing no shortage of headaches for traders and investors alike. For now, the price appears to have found a temporary equilibrium around the key $70 per barrel level, returning to territory last seen before the outbreak of the conflict. The question, then, arises naturally: has the period of uncertainty and volatility finally come to an end, or is this merely a pause before the next move?
Technical Analysis of Brent Crude Oil
From a technical standpoint, Brent crude oil has been in a clear bearish trend for approximately one month, consistently forming lower highs and lower lows on the daily chart. Early warning signs were already visible in a notably strong RSI divergence: while price recorded higher highs between March and May on the candlestick chart, the RSI readings in May were significantly weaker than those of March — a textbook signal that bullish momentum was gradually exhausting itself.
The decisive blow came with the breakdown of the $88–$90 per barrel support zone, followed shortly after by the breach of the ascending trendline drawn from the lows at the start of the year. Price has since moved to the technically and psychologically crucial zone around $70 per barrel, where it appears to be pausing before committing to a clear direction.
→ Bearish scenario: A break below the short-term trendline formed during Thursday's session (25 June), combined with a confirmed close beneath $70, could open the path toward the $60 per barrel area — a scenario consistent with a progressively calmer geopolitical backdrop and a lasting US-Iran peace agreement.
→ Bullish scenario: For buyers to regain control, price would need to reclaim the current week's highs around $81, confirming a clear bounce from the support zone around $70. This would set the stage for a potential retest of the former support — now acting as resistance — in the $88 zone, a level that could prove decisive for the asset's medium-term direction. Here too, geopolitical developments remain the key wildcard.
Will crude oil find its equilibrium, or does further turbulence lie ahead for investors and traders?
Start trading commodities with tight spreads*. Learn more about trading commodity CFDs with FXOpen. *Additional fees may apply.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice
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#XAUUSD #goldprices #commodities #marketanalysis
Gold Analysis: Could XAU/USD Bounce From the Crucial $4,000 Level?
The year 2026 has so far been an unforgiving one for gold. XAU/USD is down approximately 7% since the start of the year, and roughly 28% from the late-January peak — a significant correction, though a physiologically natural one following the sustained bullish rally of recent years.
Fundamental Picture
Several factors have converged to weigh on the precious metal. The Federal Reserve has maintained its restrictive stance, keeping interest rates elevated and reducing the appeal of a non-yielding asset like gold. Simultaneously, institutional portfolio rotation has forced financial players to liquidate a portion of the long positions accumulated during the bull run, amplifying selling pressure. Notably, even the US-Iran geopolitical tension — a scenario that would typically act as a tailwind for gold in its role as a so-called safe-haven asset — has failed to provide meaningful support, with the broader macro environment overriding the flight-to-safety narrative.
Technical Analysis of XAU/USD
Gold is currently navigating a bearish structure in the short-to-medium term, with price consistently reacting to a descending trendline drawn from the highs of early March, forming a clear sequence of lower highs and lower lows on the daily chart.
Price has now arrived at a technically and psychologically significant area: the $4,000 per ounce. This zone has demonstrated its relevance on multiple occasions in the past, and Thursday's session (25 June) offered the first tentative signs of a reaction, with the daily candle closing in positive territory.
→ Bullish scenario: A sustained reaction from the $4,000 zone, accompanied by a confirmed break above the descending trendline — which converges with resistance in the $4,300–$4,380 area — would establish a new sequence of higher highs and open the door to a broader bullish recovery.
→ Bearish scenario: A decisive break below $4,000, followed by a retest and breach of recent lows, would confirm the continuation of the medium-term downtrend, potentially exposing the $3,400–$3,500 zone — a former major resistance that now acts as structural support.
Both scenarios remain open. Price action on the H4 and H1 timeframes will be key to determining gold's next directional move in the sessions ahead.
Start trading commodities with tight spreads*. Learn more about trading commodity CFDs with FXOpen. *Additional fees may apply.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice
Gold Analysis: Could XAU/USD Bounce From the Crucial $4,000 Level?
The year 2026 has so far been an unforgiving one for gold. XAU/USD is down approximately 7% since the start of the year, and roughly 28% from the late-January peak — a significant correction, though a physiologically natural one following the sustained bullish rally of recent years.
Fundamental Picture
Several factors have converged to weigh on the precious metal. The Federal Reserve has maintained its restrictive stance, keeping interest rates elevated and reducing the appeal of a non-yielding asset like gold. Simultaneously, institutional portfolio rotation has forced financial players to liquidate a portion of the long positions accumulated during the bull run, amplifying selling pressure. Notably, even the US-Iran geopolitical tension — a scenario that would typically act as a tailwind for gold in its role as a so-called safe-haven asset — has failed to provide meaningful support, with the broader macro environment overriding the flight-to-safety narrative.
Technical Analysis of XAU/USD
Gold is currently navigating a bearish structure in the short-to-medium term, with price consistently reacting to a descending trendline drawn from the highs of early March, forming a clear sequence of lower highs and lower lows on the daily chart.
Price has now arrived at a technically and psychologically significant area: the $4,000 per ounce. This zone has demonstrated its relevance on multiple occasions in the past, and Thursday's session (25 June) offered the first tentative signs of a reaction, with the daily candle closing in positive territory.
→ Bullish scenario: A sustained reaction from the $4,000 zone, accompanied by a confirmed break above the descending trendline — which converges with resistance in the $4,300–$4,380 area — would establish a new sequence of higher highs and open the door to a broader bullish recovery.
→ Bearish scenario: A decisive break below $4,000, followed by a retest and breach of recent lows, would confirm the continuation of the medium-term downtrend, potentially exposing the $3,400–$3,500 zone — a former major resistance that now acts as structural support.
Both scenarios remain open. Price action on the H4 and H1 timeframes will be key to determining gold's next directional move in the sessions ahead.
Start trading commodities with tight spreads*. Learn more about trading commodity CFDs with FXOpen. *Additional fees may apply.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice
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01_07.mp4
92.6 MB
Daily Market News with FXOpen - 01 July 2026
🔸Oil prices reflect optimism that Hormuz has yet to justify.
🔸Asian shares trade mixed while the dollar hits a 40-year high against the yen.
🔸Dow, S&P 500, Nasdaq futures pull back after the AI rally regains its mojo.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com.
#Oil #CrudeOil #Commodities #Forex #USDJPY #StockMarket #SP500 #Nasdaq #MarketNews
🔸Oil prices reflect optimism that Hormuz has yet to justify.
🔸Asian shares trade mixed while the dollar hits a 40-year high against the yen.
🔸Dow, S&P 500, Nasdaq futures pull back after the AI rally regains its mojo.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com.
#Oil #CrudeOil #Commodities #Forex #USDJPY #StockMarket #SP500 #Nasdaq #MarketNews
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#XAUUSD #goldprices #commodities #marketanalysis #MarketNews
Gold Resumes Its Advance Following the US Labour Market Report
Gold is attempting to break its medium-term trend, with the latest US labour market data acting as the main catalyst. The US employment report released on 2 July came in noticeably weaker than expected, with the pace of hiring slowing to its lowest level in several months. This may have dampened expectations of a near-term Federal Reserve rate hike, while the minutes of the Fed's June meeting, due to be released on 8 July, could provide further insight into how long this pause in the central bank's rhetoric is likely to last. For now, markets are pricing in a more dovish scenario, supporting safe-haven assets such as gold.
Technical Analysis
On the four-hour chart, XAU/USD declined from the $4,221 area in late June to around $3,942, where a recovery began. The decline formed a descending wedge, with its lower boundary attracting strong buying interest. This resulted in a sharp rebound, accompanied by a decisive breakout above both the pattern and the current market profile.
On 2 July, price closed above the upper boundary of the market profile at $4,091 and, if the rally continues, could target the base of the wedge. Should the market reverse, price is likely to retest the profile's high-volume area, while the Point of Control (POC) at $4,030 and the lower profile boundary at $3,971 could provide support for buyers.
The RSI + MAs indicator currently stands at 62, 65 and 55. All three lines remain above the neutral level and continue to point higher, while the moving averages are still signalling bullish momentum. However, it is worth noting that the RSI has already entered overbought territory, suggesting that expectations for a substantial continuation of the rally should remain cautious.
Key Takeaways
The breakout from the descending wedge may have been interpreted by market participants as the beginning of a local trend reversal. However, a move towards the red resistance zone and a test of that area remain highly uncertain, particularly ahead of the release of the Federal Reserve's June meeting minutes, which could significantly reshape market expectations.
Start trading commodities with tight spreads*. Learn more about trading commodity CFDs with FXOpen. *Additional fees may apply.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice
Gold Resumes Its Advance Following the US Labour Market Report
Gold is attempting to break its medium-term trend, with the latest US labour market data acting as the main catalyst. The US employment report released on 2 July came in noticeably weaker than expected, with the pace of hiring slowing to its lowest level in several months. This may have dampened expectations of a near-term Federal Reserve rate hike, while the minutes of the Fed's June meeting, due to be released on 8 July, could provide further insight into how long this pause in the central bank's rhetoric is likely to last. For now, markets are pricing in a more dovish scenario, supporting safe-haven assets such as gold.
Technical Analysis
On the four-hour chart, XAU/USD declined from the $4,221 area in late June to around $3,942, where a recovery began. The decline formed a descending wedge, with its lower boundary attracting strong buying interest. This resulted in a sharp rebound, accompanied by a decisive breakout above both the pattern and the current market profile.
On 2 July, price closed above the upper boundary of the market profile at $4,091 and, if the rally continues, could target the base of the wedge. Should the market reverse, price is likely to retest the profile's high-volume area, while the Point of Control (POC) at $4,030 and the lower profile boundary at $3,971 could provide support for buyers.
The RSI + MAs indicator currently stands at 62, 65 and 55. All three lines remain above the neutral level and continue to point higher, while the moving averages are still signalling bullish momentum. However, it is worth noting that the RSI has already entered overbought territory, suggesting that expectations for a substantial continuation of the rally should remain cautious.
Key Takeaways
The breakout from the descending wedge may have been interpreted by market participants as the beginning of a local trend reversal. However, a move towards the red resistance zone and a test of that area remain highly uncertain, particularly ahead of the release of the Federal Reserve's June meeting minutes, which could significantly reshape market expectations.
Start trading commodities with tight spreads*. Learn more about trading commodity CFDs with FXOpen. *Additional fees may apply.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice
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#OilPrices #brentoil #commodities #marketanalysis #MarketNews
Brent Crude Oil: From Ceasefire to Crossfire — What's Next?
Just weeks ago, traders were pricing in peace. Now they're pricing in war again—and that reversal says everything about how fragile the current Middle East calm really is.
Brent crude has surged to $86 a barrel, its highest level in a month, after the Washington-Tehran ceasefire effectively collapsed. US strikes hit Iranian defence infrastructure, Iranian missiles struck Emirati tankers, and Washington reinstated its naval blockade of Iranian ports.
Additionally, yesterday's June CPI year-on-year print eased bullish pressure on the dollar and gave a lift to dollar-denominated assets. Headline inflation fell to 3.5% year-on-year, well below the expected 3.8%, largely thanks to a sharp drop in energy prices during June. However, the read looks backward-looking rather than structural: it reflects June's energy weakness, before the ceasefire unraveled.
Technical Analysis of Brent Crude Oil
As the chart shows, Brent entered a clear downtrend after being repeatedly rejected from the psychological $110 zone in May, marked by lower highs and lower lows and a descending trendline respected for nearly two months.
Bullish Scenario
After bottoming near $70 in early July, Brent shifted character, printing higher highs and higher lows due to renewed Middle East tensions. This was confirmed by a break and retest of the descending trendline, followed by a reclaim and retest of the 200-period EMA. With two ascending trendlines now supporting the move, price sits at a key juncture: the $85 zone, a former support turned resistance. A confirmed break here would open the path back toward the $90-$92 zone.
Bearish Scenario
Alternatively, Brent could reject $85 once again, pulling the price back into the $70–$80 range that has defined the past month. Confirmation would come from a break below both the short-term trendline and the 200-period EMA, signaling that buyers have lost control and exposing the range lows.
Brent Crude now sits at a genuine crossroads, caught between an unresolved geopolitical crisis and a technical structure hinting at renewed strength. Whether this bounce marks a real turning point or just another head-fake within a volatile range will likely hinge on who blinks first—Washington and Tehran, or buyers and sellers at $85. Either way, the next move could set the tone for the entire energy market this summer.
Start trading commodities with tight spreads*. Learn more about trading commodity CFDs with FXOpen. *Additional fees may apply.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice
Brent Crude Oil: From Ceasefire to Crossfire — What's Next?
Just weeks ago, traders were pricing in peace. Now they're pricing in war again—and that reversal says everything about how fragile the current Middle East calm really is.
Brent crude has surged to $86 a barrel, its highest level in a month, after the Washington-Tehran ceasefire effectively collapsed. US strikes hit Iranian defence infrastructure, Iranian missiles struck Emirati tankers, and Washington reinstated its naval blockade of Iranian ports.
Additionally, yesterday's June CPI year-on-year print eased bullish pressure on the dollar and gave a lift to dollar-denominated assets. Headline inflation fell to 3.5% year-on-year, well below the expected 3.8%, largely thanks to a sharp drop in energy prices during June. However, the read looks backward-looking rather than structural: it reflects June's energy weakness, before the ceasefire unraveled.
Technical Analysis of Brent Crude Oil
As the chart shows, Brent entered a clear downtrend after being repeatedly rejected from the psychological $110 zone in May, marked by lower highs and lower lows and a descending trendline respected for nearly two months.
Bullish Scenario
After bottoming near $70 in early July, Brent shifted character, printing higher highs and higher lows due to renewed Middle East tensions. This was confirmed by a break and retest of the descending trendline, followed by a reclaim and retest of the 200-period EMA. With two ascending trendlines now supporting the move, price sits at a key juncture: the $85 zone, a former support turned resistance. A confirmed break here would open the path back toward the $90-$92 zone.
Bearish Scenario
Alternatively, Brent could reject $85 once again, pulling the price back into the $70–$80 range that has defined the past month. Confirmation would come from a break below both the short-term trendline and the 200-period EMA, signaling that buyers have lost control and exposing the range lows.
Brent Crude now sits at a genuine crossroads, caught between an unresolved geopolitical crisis and a technical structure hinting at renewed strength. Whether this bounce marks a real turning point or just another head-fake within a volatile range will likely hinge on who blinks first—Washington and Tehran, or buyers and sellers at $85. Either way, the next move could set the tone for the entire energy market this summer.
Start trading commodities with tight spreads*. Learn more about trading commodity CFDs with FXOpen. *Additional fees may apply.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice
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#XAGUSD #commodities #silverprice #marketanalysis #MarketNews
Silver Attempts to Break Out of Its Range
Silver continues to balance between its dual role as an industrial metal and so-called refuge asset, and this combination largely explains the lack of a clear trend in recent weeks. Shifting expectations for central bank interest rates can influence the appeal of a non-yielding asset such as silver, while the structural supply deficit remains supported by growing investment demand, offsetting more subdued industrial consumption. These opposing forces help explain why silver prices continue to trade within a broad range, with the market still lacking a decisive catalyst for a sustained directional move.
XAG/USD: Technical Picture
On the four-hour chart, silver (XAG/USD) is trading within a structure resembling a triangle. The descending trendline connects the swing highs formed after the peak near $63.000, while the ascending trendline links the series of higher lows from the $56 area. Their convergence coincides with the current high-volume area of the market profile.
Following an attempted breakout, the price is now testing the lower boundary of the profile at $56.643 from below. If this level continues to act as resistance, the next notable support could be found near $54.846.
Should the price move back into the range, the Point of Control (POC) at $58.357 and the upper boundary of the profile at $59.895 could become the primary upside reference levels, followed by the red resistance level at $60.686.
At the same time, vertical volume has not shown the decline in trading activity that is typically associated with a triangle pattern as the range narrows. The RSI + MAs indicator currently shows readings of 45, 40, and 42. The moving averages remain red, are pointing higher, and are positioned just below the neutral zone, while the RSI line itself has yet to break out of that neutral range.
Summary
The attempted breakout from the triangle has so far failed to gain momentum, with the price returning to the market profile boundary. Meanwhile, the RSI + MAs indicator does not yet confirm either a bullish or bearish scenario. The Federal Reserve meeting on 28–29 July could become the next major catalyst, potentially determining the market's next directional move.
Start trading commodities with tight spreads*. Learn more about trading commodity CFDs with FXOpen. *Additional fees may apply.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Silver Attempts to Break Out of Its Range
Silver continues to balance between its dual role as an industrial metal and so-called refuge asset, and this combination largely explains the lack of a clear trend in recent weeks. Shifting expectations for central bank interest rates can influence the appeal of a non-yielding asset such as silver, while the structural supply deficit remains supported by growing investment demand, offsetting more subdued industrial consumption. These opposing forces help explain why silver prices continue to trade within a broad range, with the market still lacking a decisive catalyst for a sustained directional move.
XAG/USD: Technical Picture
On the four-hour chart, silver (XAG/USD) is trading within a structure resembling a triangle. The descending trendline connects the swing highs formed after the peak near $63.000, while the ascending trendline links the series of higher lows from the $56 area. Their convergence coincides with the current high-volume area of the market profile.
Following an attempted breakout, the price is now testing the lower boundary of the profile at $56.643 from below. If this level continues to act as resistance, the next notable support could be found near $54.846.
Should the price move back into the range, the Point of Control (POC) at $58.357 and the upper boundary of the profile at $59.895 could become the primary upside reference levels, followed by the red resistance level at $60.686.
At the same time, vertical volume has not shown the decline in trading activity that is typically associated with a triangle pattern as the range narrows. The RSI + MAs indicator currently shows readings of 45, 40, and 42. The moving averages remain red, are pointing higher, and are positioned just below the neutral zone, while the RSI line itself has yet to break out of that neutral range.
Summary
The attempted breakout from the triangle has so far failed to gain momentum, with the price returning to the market profile boundary. Meanwhile, the RSI + MAs indicator does not yet confirm either a bullish or bearish scenario. The Federal Reserve meeting on 28–29 July could become the next major catalyst, potentially determining the market's next directional move.
Start trading commodities with tight spreads*. Learn more about trading commodity CFDs with FXOpen. *Additional fees may apply.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
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#oilprices #commodities #marketanalysis #MarketNews #WTI
WTI Analysis: Gap Breaks Short-Term Trend as Price Remains Trapped Between the POC and Profile Boundary
WTI crude oil plunged by more than 7% on 27 July 2026 after the US suspended a series of strikes against Iran over the weekend, raising hopes of a diplomatic solution and the reopening of shipping through the Strait of Hormuz, according to CNBC. Brent crude also fell below $90 per barrel. Meanwhile, Bloomberg reported that Yemen's Houthi movement had claimed attacks on Saudi Aramco facilities in Jizan and Yanbu, suggesting that the conflict remains far from resolved.
WTI Technical Analysis
Since the beginning of July, XTIUSD had been developing a short-term uptrend. A rebound from the $68 area on 2 July evolved into a sustained rally, supported by an ascending trendline. This trendline held until the market peaked near $94.2, but it was broken on 27 July following a sharp gap lower. Since then, the price has been attempting to move through two key levels within the current market profile: the POC at $84.7 and the lower profile boundary at $82.7. If this area fails to hold and the decline continues, the green support level at $80.5 could become increasingly important. Notably, the gap occurred on relatively modest trading volume considering the scale of the price move.
Above current levels lies the upper boundary of the market profile at $90.3, which could become the next upside target if the market reverses. Beyond that, traders will be watching the red resistance level at $94.2. The RSI + MAs indicator currently reads 36, 55 and 60, suggesting that the market remains unbalanced and is still searching for equilibrium.
Summary
The relatively low trading volume accompanying the gap suggests that the sell-off may have been driven largely by emotion, leaving room for buyers to return if the geopolitical risk premium begins to rebuild. For now, oil prices remain confined to a narrow range between the POC and the lower boundary of the market profile, where momentum for the next significant move may be building.
Start trading commodities with tight spreads*. Learn more about trading commodity CFDs with FXOpen. *Additional fees may apply.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
WTI Analysis: Gap Breaks Short-Term Trend as Price Remains Trapped Between the POC and Profile Boundary
WTI crude oil plunged by more than 7% on 27 July 2026 after the US suspended a series of strikes against Iran over the weekend, raising hopes of a diplomatic solution and the reopening of shipping through the Strait of Hormuz, according to CNBC. Brent crude also fell below $90 per barrel. Meanwhile, Bloomberg reported that Yemen's Houthi movement had claimed attacks on Saudi Aramco facilities in Jizan and Yanbu, suggesting that the conflict remains far from resolved.
WTI Technical Analysis
Since the beginning of July, XTIUSD had been developing a short-term uptrend. A rebound from the $68 area on 2 July evolved into a sustained rally, supported by an ascending trendline. This trendline held until the market peaked near $94.2, but it was broken on 27 July following a sharp gap lower. Since then, the price has been attempting to move through two key levels within the current market profile: the POC at $84.7 and the lower profile boundary at $82.7. If this area fails to hold and the decline continues, the green support level at $80.5 could become increasingly important. Notably, the gap occurred on relatively modest trading volume considering the scale of the price move.
Above current levels lies the upper boundary of the market profile at $90.3, which could become the next upside target if the market reverses. Beyond that, traders will be watching the red resistance level at $94.2. The RSI + MAs indicator currently reads 36, 55 and 60, suggesting that the market remains unbalanced and is still searching for equilibrium.
Summary
The relatively low trading volume accompanying the gap suggests that the sell-off may have been driven largely by emotion, leaving room for buyers to return if the geopolitical risk premium begins to rebuild. For now, oil prices remain confined to a narrow range between the POC and the lower boundary of the market profile, where momentum for the next significant move may be building.
Start trading commodities with tight spreads*. Learn more about trading commodity CFDs with FXOpen. *Additional fees may apply.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
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#oilprices #brentoil #commodities #marketanalysis #MarketNews
Brent Analysis: Oil Retreats from $100 as Saudi Arabia Proposes Maritime Coalition Initiative
On 23 July 2026, Brent crude rose above $100 amid reports of attacks on tankers and infrastructure in the Red Sea area, as well as strong statements from Donald Trump towards Iran over threats to shipping security through the Strait of Hormuz. The move proved short-lived: on 30 July, Saudi Arabia proposed creating a maritime coalition to protect key shipping routes amid the ongoing confrontation between the US and Iran. According to CNBC data from 31 July, tanker traffic through the Strait of Hormuz partially resumed, although the Islamic Revolutionary Guard Corps claimed attacks on vessels under US escort — claims that have not been confirmed by Western maritime authorities.
Technical Analysis of Brent Crude Oil
On the four-hour XBRUSD chart, the asset formed a short-term trend from the beginning of July, moving from around $71 towards the $102 area. The trendline was then broken, after which the current market profile was formed, within which the price is currently trading. The asset is now positioned between the POC (Point of Control) zone at $92.20 and the upper boundary of the profile at $94.60. A breakout above this boundary could open the way towards the red resistance level at $98.50.
If the price moves below the POC zone, the next area of interest would be the cluster of two important levels: the lower profile boundary at $86.80 and the green support level at $85.30. The RSI + MAs indicator shows readings of 58, 51 and 51, with all oscillator values returning to the neutral zone after a period of elevated volatility. Trading volume remains relatively high, confirming continued market interest from participants.
Summary
Saudi Arabia’s initiative to create a maritime coalition could gradually reduce the geopolitical risk premium priced into oil if diplomatic efforts continue to make progress. However, unconfirmed reports of incidents in the Strait of Hormuz continue to leave room for increased volatility. The neutral positioning of the RSI + MAs indicators currently suggests that there is no clear directional momentum.
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Brent Analysis: Oil Retreats from $100 as Saudi Arabia Proposes Maritime Coalition Initiative
On 23 July 2026, Brent crude rose above $100 amid reports of attacks on tankers and infrastructure in the Red Sea area, as well as strong statements from Donald Trump towards Iran over threats to shipping security through the Strait of Hormuz. The move proved short-lived: on 30 July, Saudi Arabia proposed creating a maritime coalition to protect key shipping routes amid the ongoing confrontation between the US and Iran. According to CNBC data from 31 July, tanker traffic through the Strait of Hormuz partially resumed, although the Islamic Revolutionary Guard Corps claimed attacks on vessels under US escort — claims that have not been confirmed by Western maritime authorities.
Technical Analysis of Brent Crude Oil
On the four-hour XBRUSD chart, the asset formed a short-term trend from the beginning of July, moving from around $71 towards the $102 area. The trendline was then broken, after which the current market profile was formed, within which the price is currently trading. The asset is now positioned between the POC (Point of Control) zone at $92.20 and the upper boundary of the profile at $94.60. A breakout above this boundary could open the way towards the red resistance level at $98.50.
If the price moves below the POC zone, the next area of interest would be the cluster of two important levels: the lower profile boundary at $86.80 and the green support level at $85.30. The RSI + MAs indicator shows readings of 58, 51 and 51, with all oscillator values returning to the neutral zone after a period of elevated volatility. Trading volume remains relatively high, confirming continued market interest from participants.
Summary
Saudi Arabia’s initiative to create a maritime coalition could gradually reduce the geopolitical risk premium priced into oil if diplomatic efforts continue to make progress. However, unconfirmed reports of incidents in the Strait of Hormuz continue to leave room for increased volatility. The neutral positioning of the RSI + MAs indicators currently suggests that there is no clear directional momentum.
Start trading commodities with tight spreads*. Learn more about trading commodity CFDs with FXOpen. *Additional fees may apply.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
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#XAUUSD #commodities #gold #MarketNews #goldprice
Gold Analysis: Is the Correction Over, or Just Catching Its Breath?
Gold has had a rough year. After hitting an all-time high near $5,602 in January, the metal has since dropped roughly 27% from that peak, weighed down by rising Treasury yields, a firmer dollar, and cooling demand for safe-haven assets.
This week brought a fresh twist. Gold climbed back above $4,050 on Monday after President Trump signaled that peace talks with Iran would resume, following pressure from regional allies like Saudi Arabia to pause military strikes. The news pushed oil prices lower and eased inflation fears, but it also reduced some of the safe-haven demand that had been supporting gold.
Despite the sharp correction, most analysts still expect gold's long-term uptrend to eventually reassert itself. In the near term, though, all eyes are on Friday's US jobs report, the week's key catalyst: a weak print could revive rate-cut expectations and give gold fresh support, while a strong one could extend the current pullback.
Technical Analysis of XAU/USD chart
As the XAU/USD chart shows, gold remains locked in a broader downtrend since January's record high, currently testing the descending trendline from below while holding just above the 3,900-4,000 support zone.
Bullish Scenario
Gold has already shown signs of life bouncing from the 3,900-4,000 support, and the RSI divergence lends some credibility to this reaction. Should price break decisively above the descending trendline, the next real test becomes the 4,400 resistance zone, where the 200-period EMA also converges—a level that has proven highly significant over recent months. A confirmed break above this confluence would mark a meaningful shift in gold's broader structure.
Bearish Scenario
Should gold instead reject the trendline once again, price risks getting trapped between resistance above and support below. In that scenario, Friday's NFP report looms as a potential catalyst: a strong print could tip the balance, breaking the 3,900-4,000 support and opening the path toward the next meaningful level, the former resistance-turned-support zone at 3,400-3,500.
With price squeezed between a stubborn trendline and a battle-tested support, and a major data release just days away, gold's next move could finally answer the question traders have been asking since January's peak: is the correction over, or just catching its breath?
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Gold Analysis: Is the Correction Over, or Just Catching Its Breath?
Gold has had a rough year. After hitting an all-time high near $5,602 in January, the metal has since dropped roughly 27% from that peak, weighed down by rising Treasury yields, a firmer dollar, and cooling demand for safe-haven assets.
This week brought a fresh twist. Gold climbed back above $4,050 on Monday after President Trump signaled that peace talks with Iran would resume, following pressure from regional allies like Saudi Arabia to pause military strikes. The news pushed oil prices lower and eased inflation fears, but it also reduced some of the safe-haven demand that had been supporting gold.
Despite the sharp correction, most analysts still expect gold's long-term uptrend to eventually reassert itself. In the near term, though, all eyes are on Friday's US jobs report, the week's key catalyst: a weak print could revive rate-cut expectations and give gold fresh support, while a strong one could extend the current pullback.
Technical Analysis of XAU/USD chart
As the XAU/USD chart shows, gold remains locked in a broader downtrend since January's record high, currently testing the descending trendline from below while holding just above the 3,900-4,000 support zone.
Bullish Scenario
Gold has already shown signs of life bouncing from the 3,900-4,000 support, and the RSI divergence lends some credibility to this reaction. Should price break decisively above the descending trendline, the next real test becomes the 4,400 resistance zone, where the 200-period EMA also converges—a level that has proven highly significant over recent months. A confirmed break above this confluence would mark a meaningful shift in gold's broader structure.
Bearish Scenario
Should gold instead reject the trendline once again, price risks getting trapped between resistance above and support below. In that scenario, Friday's NFP report looms as a potential catalyst: a strong print could tip the balance, breaking the 3,900-4,000 support and opening the path toward the next meaningful level, the former resistance-turned-support zone at 3,400-3,500.
With price squeezed between a stubborn trendline and a battle-tested support, and a major data release just days away, gold's next move could finally answer the question traders have been asking since January's peak: is the correction over, or just catching its breath?
Start trading commodities with tight spreads*. Learn more about trading commodity CFDs with FXOpen. *Additional fees may apply.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
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#gasprices #commodities #marketanalysis #MarketNews
Natural Gas Analysis: Attempted Wedge Breakout Amid Lower EIA Forecast
On 11 August, the US Energy Information Administration (EIA) lowered its forecast for the average natural gas price in the third quarter to $2.87 per million BTU — 50 cents below its previous estimate. The main reason is increased domestic production and inventories, which could create the largest stockpile in a decade ahead of the start of the heating season. Planned maintenance at the Freeport LNG export terminal may have added further pressure to the balance by reducing demand for gas used in liquefaction. Meanwhile, global LNG trade had already faced shipping disruptions in the Strait of Hormuz in July, highlighting the market’s continued sensitivity to geopolitical risks.
Technical Analysis of Natural Gas
A descending wedge has formed on the XNGUSD (H4) chart, with the upper boundary being broken to the upside by a move that began on 10 August following a gap formed on notably below-average volume — a detail that calls the conviction behind the breakout into question.
Subsequent price action has been reduced to consolidation within the current profile: the price is currently moving between the Point of Control (POC) at $2.765 and the upper boundary of the profile at $2.810. The red resistance level at $2.990 is poised to meet the price near the base of the pattern.
If the breakout proves to be false, the price will have to overcome the market density within the profile. Should it break below the lower boundary at $2.700, prices could encounter resistance around the pattern’s apex at $2.630. The RSI + MAs indicator shows readings of 58, 60 and 54. Although the oscillator and fast moving average remain above the upper boundary of the neutral zone, the indicator’s slow MA has yet to move beyond it, leaving the signal incomplete.
Key Takeaways
Low volume on the breakout of the descending wedge, combined with the unresolved RSI + MAs signal, leaves the sustainability of the rise in question. The EIA’s softer price forecast, against a backdrop of record inventories, adds fundamental arguments for limiting the upside potential.
Start trading commodities with tight spreads*. Learn more about trading commodity CFDs with FXOpen. *Additional fees may apply.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Natural Gas Analysis: Attempted Wedge Breakout Amid Lower EIA Forecast
On 11 August, the US Energy Information Administration (EIA) lowered its forecast for the average natural gas price in the third quarter to $2.87 per million BTU — 50 cents below its previous estimate. The main reason is increased domestic production and inventories, which could create the largest stockpile in a decade ahead of the start of the heating season. Planned maintenance at the Freeport LNG export terminal may have added further pressure to the balance by reducing demand for gas used in liquefaction. Meanwhile, global LNG trade had already faced shipping disruptions in the Strait of Hormuz in July, highlighting the market’s continued sensitivity to geopolitical risks.
Technical Analysis of Natural Gas
A descending wedge has formed on the XNGUSD (H4) chart, with the upper boundary being broken to the upside by a move that began on 10 August following a gap formed on notably below-average volume — a detail that calls the conviction behind the breakout into question.
Subsequent price action has been reduced to consolidation within the current profile: the price is currently moving between the Point of Control (POC) at $2.765 and the upper boundary of the profile at $2.810. The red resistance level at $2.990 is poised to meet the price near the base of the pattern.
If the breakout proves to be false, the price will have to overcome the market density within the profile. Should it break below the lower boundary at $2.700, prices could encounter resistance around the pattern’s apex at $2.630. The RSI + MAs indicator shows readings of 58, 60 and 54. Although the oscillator and fast moving average remain above the upper boundary of the neutral zone, the indicator’s slow MA has yet to move beyond it, leaving the signal incomplete.
Key Takeaways
Low volume on the breakout of the descending wedge, combined with the unresolved RSI + MAs signal, leaves the sustainability of the rise in question. The EIA’s softer price forecast, against a backdrop of record inventories, adds fundamental arguments for limiting the upside potential.
Start trading commodities with tight spreads*. Learn more about trading commodity CFDs with FXOpen. *Additional fees may apply.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
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#XAUUSD #goldprice #commodities #marketanalysis #MarketNews
Gold Analysis: Profit-Taking After the Rally
Gold continues to trade close to multi-month highs following its recent advance, which was supported by the latest US inflation data. July’s CPI broadly matched market expectations, reducing the likelihood of a Federal Reserve rate hike in September. Lower expectations for further monetary tightening remain supportive for gold, as elevated interest rates increase the opportunity cost of holding the non-yielding asset. According to CNBC, some investors have begun taking profits after the rally. Over the coming weeks, expectations surrounding the Fed’s interest-rate path are likely to remain one of the main drivers of the precious metal.
Technical Analysis of Gold
The four-hour XAU/USD chart shows a sustained uptrend that lifted the price towards the red resistance level at $4,450. An ascending trendline developed during the rally, but on 13 August the price broke below it on increased volume. The subsequent decline established a green support area around $4,312.
Following a rebound, gold returned to the dense area of the current market profile and is now trading between the Point of Control (POC) at $4,397 and the lower boundary of the profile at $4,346. If selling pressure builds, the $4,312 support zone could become increasingly significant.
A continuation of the upward move would bring the price into a relatively strong cluster of technical levels. The first obstacles are the POC at $4,397 and the upper boundary of the profile at $4,415. Beyond these levels, attention would shift towards the trend high around $4,450.
The RSI + MAs indicator currently shows readings of 52, 53 and 58. The oscillator and fast moving average have moved back into the neutral zone, while the slower moving average is following the same direction.
Key Takeaways
The main driver for gold remains the market’s expectations for the Federal Reserve’s interest-rate path. A further decline in expectations for rate hikes could continue to support buyers, while more hawkish signals from the central bank could increase selling pressure as the market undergoes a post-rally correction.
In the short term, gold is also likely to remain sensitive to movements in the US dollar and Treasury yields, both of which can significantly influence demand for the precious metal.
Start trading commodities with tight spreads*. Learn more about trading commodity CFDs with FXOpen. *Additional fees may apply.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Gold Analysis: Profit-Taking After the Rally
Gold continues to trade close to multi-month highs following its recent advance, which was supported by the latest US inflation data. July’s CPI broadly matched market expectations, reducing the likelihood of a Federal Reserve rate hike in September. Lower expectations for further monetary tightening remain supportive for gold, as elevated interest rates increase the opportunity cost of holding the non-yielding asset. According to CNBC, some investors have begun taking profits after the rally. Over the coming weeks, expectations surrounding the Fed’s interest-rate path are likely to remain one of the main drivers of the precious metal.
Technical Analysis of Gold
The four-hour XAU/USD chart shows a sustained uptrend that lifted the price towards the red resistance level at $4,450. An ascending trendline developed during the rally, but on 13 August the price broke below it on increased volume. The subsequent decline established a green support area around $4,312.
Following a rebound, gold returned to the dense area of the current market profile and is now trading between the Point of Control (POC) at $4,397 and the lower boundary of the profile at $4,346. If selling pressure builds, the $4,312 support zone could become increasingly significant.
A continuation of the upward move would bring the price into a relatively strong cluster of technical levels. The first obstacles are the POC at $4,397 and the upper boundary of the profile at $4,415. Beyond these levels, attention would shift towards the trend high around $4,450.
The RSI + MAs indicator currently shows readings of 52, 53 and 58. The oscillator and fast moving average have moved back into the neutral zone, while the slower moving average is following the same direction.
Key Takeaways
The main driver for gold remains the market’s expectations for the Federal Reserve’s interest-rate path. A further decline in expectations for rate hikes could continue to support buyers, while more hawkish signals from the central bank could increase selling pressure as the market undergoes a post-rally correction.
In the short term, gold is also likely to remain sensitive to movements in the US dollar and Treasury yields, both of which can significantly influence demand for the precious metal.
Start trading commodities with tight spreads*. Learn more about trading commodity CFDs with FXOpen. *Additional fees may apply.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
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#XAGUSD #silver #commodities #marketanalysis #trading
XAG/USD Analysis: Silver Surges on Jobs Data, Yields Threaten to End It
Silver has had one of its strongest months in years, but this week's price action shows just how fragile precious metals rallies can be when bond markets get nervous. The metal surged nearly 10% last week after July's Non-Farm Payrolls badly missed expectations, printing a loss of 23,000 jobs, prompting markets to price out any chance of a September Fed hike and reviving safe-haven demand.
That momentum reversed on Tuesday, however, with silver dropping toward $64 as global bond yields spiked to multi-year highs on mounting concerns over government spending and persistent inflationary pressures. Rising oil prices added to the unease, keeping inflation risks firmly in focus even as rate-hike expectations continue to fade.
Beneath the volatility, the structural picture remains supportive: silver continues to draw solid demand from the green energy transition, solar panels, electric vehicles, and AI data centre infrastructure, all keeping a floor under prices. All eyes now turn to the Fed's July meeting minutes and Chair Kevin Warsh's remarks at Jackson Hole, both expected to offer fresh clues on the path ahead for rates.
Technical Analysis of XAG/USD
As XAG/USD chart shows, silver broke above its descending trendline from June's highs in early August, a genuine shift after weeks of decline, and has since been holding above the 0.382 Fibonacci retracement near 62.88, right where the 200-period EMA also sits nearby at 62.27. The broader recovery has been building on an ascending trendline off the mid-July lows.
Bullish Scenario
Should buyers defend this 0.382-EMA confluence and push higher, the path would open toward a retest of the 66.73 highs, the 0 Fibonacci level marking the origin of the entire decline. A confirmed break above that zone would signal the correction is fully over.
Bearish Scenario
Conversely, a break below the 0.382 retracement and the ascending trendline would expose the 0.5 level near 61.69, with a deeper slide risking a retest of the 0.618 retracement around 60.49, or even the triangle apex near 56.64 if selling pressure accelerates.
With price sitting right at the intersection of a reclaimed trendline, the 200-period EMA, and a key Fibonacci level, silver looks poised for a decisive move, will this recovery extend toward fresh monthly highs, or does the recent bond market turmoil drag the metal back into its prior range?
Start trading commodities with tight spreads*. Learn more about trading commodity CFDs with FXOpen. *Additional fees may apply.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
XAG/USD Analysis: Silver Surges on Jobs Data, Yields Threaten to End It
Silver has had one of its strongest months in years, but this week's price action shows just how fragile precious metals rallies can be when bond markets get nervous. The metal surged nearly 10% last week after July's Non-Farm Payrolls badly missed expectations, printing a loss of 23,000 jobs, prompting markets to price out any chance of a September Fed hike and reviving safe-haven demand.
That momentum reversed on Tuesday, however, with silver dropping toward $64 as global bond yields spiked to multi-year highs on mounting concerns over government spending and persistent inflationary pressures. Rising oil prices added to the unease, keeping inflation risks firmly in focus even as rate-hike expectations continue to fade.
Beneath the volatility, the structural picture remains supportive: silver continues to draw solid demand from the green energy transition, solar panels, electric vehicles, and AI data centre infrastructure, all keeping a floor under prices. All eyes now turn to the Fed's July meeting minutes and Chair Kevin Warsh's remarks at Jackson Hole, both expected to offer fresh clues on the path ahead for rates.
Technical Analysis of XAG/USD
As XAG/USD chart shows, silver broke above its descending trendline from June's highs in early August, a genuine shift after weeks of decline, and has since been holding above the 0.382 Fibonacci retracement near 62.88, right where the 200-period EMA also sits nearby at 62.27. The broader recovery has been building on an ascending trendline off the mid-July lows.
Bullish Scenario
Should buyers defend this 0.382-EMA confluence and push higher, the path would open toward a retest of the 66.73 highs, the 0 Fibonacci level marking the origin of the entire decline. A confirmed break above that zone would signal the correction is fully over.
Bearish Scenario
Conversely, a break below the 0.382 retracement and the ascending trendline would expose the 0.5 level near 61.69, with a deeper slide risking a retest of the 0.618 retracement around 60.49, or even the triangle apex near 56.64 if selling pressure accelerates.
With price sitting right at the intersection of a reclaimed trendline, the 200-period EMA, and a key Fibonacci level, silver looks poised for a decisive move, will this recovery extend toward fresh monthly highs, or does the recent bond market turmoil drag the metal back into its prior range?
Start trading commodities with tight spreads*. Learn more about trading commodity CFDs with FXOpen. *Additional fees may apply.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
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#XAGUSD #silver #commodities #tradingforex #marketanalysis
XAG/USD Analysis: Triangle Breakout Attempt Amid US Treasury Buybacks
On 19 August, the US Treasury announced that it would double the volume of long-term government bond buybacks. The measure led to a noticeable decline in yields at the longer end of the curve and forms part of the Treasury’s broader efforts to contain pressure on long-term borrowing costs. These efforts include market interventions and calls for the Federal Reserve to expand the limits of the FIMA repo facility.
Lower Treasury yields improve the relative appeal of precious metals, which do not generate interest income, providing direct support for silver. Industrial demand is another important factor. Chinese imports of silver-containing ores rose 62.5% year-on-year in June amid expanding production of solar panels and power-grid equipment.
Technical Analysis of Silver
Since 17 July, XAG/USD has been moving within a pronounced uptrend on the four-hour chart. In the upper portion of this advance, a pattern resembling a broadening triangle emerged in mid-August. Unlike a conventional triangle, its boundaries widened rather than converged, reflecting increasing volatility during the consolidation phase.
On 20 August, the price broke above the formation and continued to hold above the current market profile. The breakout candle was accompanied by a noticeable increase in vertical volume compared with the preceding consolidation bars, adding some confirmation to the move.
Following the breakout, silver moved above the profile’s upper boundary at $66.58. If the bullish momentum persists, the next major upside reference is the red resistance level at $69.74.
A return inside the profile would shift attention to the cluster of two important levels: the Point of Control (POC) at $65.165 and the lower profile boundary at $64.345. Their proximity makes this area particularly important for the short-term outlook. If sellers push the price through this cluster, the next potential support could be found around the green level at $62.700.
The RSI + MAs indicator currently shows readings of 66, 56 and 56. The oscillator is trading above the neutral zone, while both moving averages remain below its upper boundary and are only beginning to approach a potential breakout.
Key Takeaways
The breakout above the broadening triangle on increased volume initially points towards further upside, but maintaining prices above the market profile will require additional confirmation.
The $66.58 level is therefore likely to remain important in the near term: holding above it would favour continuation towards $69.74, while a return below the profile could bring the 65.165–64.345 area back into focus.
The broader outlook will also remain sensitive to the direction of US Treasury yields. A continued decline in yields could provide further support for silver, while a renewed rise in long-term yields could limit the metal’s upside.
Start trading commodities with tight spreads*. Learn more about trading commodity CFDs with FXOpen. *Additional fees may apply.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
XAG/USD Analysis: Triangle Breakout Attempt Amid US Treasury Buybacks
On 19 August, the US Treasury announced that it would double the volume of long-term government bond buybacks. The measure led to a noticeable decline in yields at the longer end of the curve and forms part of the Treasury’s broader efforts to contain pressure on long-term borrowing costs. These efforts include market interventions and calls for the Federal Reserve to expand the limits of the FIMA repo facility.
Lower Treasury yields improve the relative appeal of precious metals, which do not generate interest income, providing direct support for silver. Industrial demand is another important factor. Chinese imports of silver-containing ores rose 62.5% year-on-year in June amid expanding production of solar panels and power-grid equipment.
Technical Analysis of Silver
Since 17 July, XAG/USD has been moving within a pronounced uptrend on the four-hour chart. In the upper portion of this advance, a pattern resembling a broadening triangle emerged in mid-August. Unlike a conventional triangle, its boundaries widened rather than converged, reflecting increasing volatility during the consolidation phase.
On 20 August, the price broke above the formation and continued to hold above the current market profile. The breakout candle was accompanied by a noticeable increase in vertical volume compared with the preceding consolidation bars, adding some confirmation to the move.
Following the breakout, silver moved above the profile’s upper boundary at $66.58. If the bullish momentum persists, the next major upside reference is the red resistance level at $69.74.
A return inside the profile would shift attention to the cluster of two important levels: the Point of Control (POC) at $65.165 and the lower profile boundary at $64.345. Their proximity makes this area particularly important for the short-term outlook. If sellers push the price through this cluster, the next potential support could be found around the green level at $62.700.
The RSI + MAs indicator currently shows readings of 66, 56 and 56. The oscillator is trading above the neutral zone, while both moving averages remain below its upper boundary and are only beginning to approach a potential breakout.
Key Takeaways
The breakout above the broadening triangle on increased volume initially points towards further upside, but maintaining prices above the market profile will require additional confirmation.
The $66.58 level is therefore likely to remain important in the near term: holding above it would favour continuation towards $69.74, while a return below the profile could bring the 65.165–64.345 area back into focus.
The broader outlook will also remain sensitive to the direction of US Treasury yields. A continued decline in yields could provide further support for silver, while a renewed rise in long-term yields could limit the metal’s upside.
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This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
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#WTI #oilprices #commodities #MarketNews #marketanalysis
WTI Analysis: Attempted Uptrend Breakout Without Momentum Confirmation
WTI crude fell more than 2% on Monday, 24 August, as market participants took profits amid expectations that the US could announce a new round of sanctions against Iran. Additional pressure came from a warning by the Iranian authority responsible for the Persian Gulf and Strait of Hormuz, which said vessels violating transit rules could face fines or detention.
At the same time, the US Energy Information Administration (EIA), in its 11 August forecast, expects the average Brent price to remain around $85 per barrel in the third quarter. Persistently low commercial crude inventories in the US could also help limit the downside and prevent a deeper decline.
Technical Analysis of WTI
On the four-hour XTI/USD chart, prices had been moving within a short-term uptrend since the beginning of August. The trendline repeatedly acted as support during previous pullbacks, but the price is now attempting to break below it while also moving beneath the lower boundary of the current market profile at $86.05.
If the downside move gains traction, the next potential support area is around $84.40.
A false breakout followed by a renewed advance would bring several technical levels into focus. The first is the Point of Control (POC) at $87.20, followed by the upper profile boundary at $87.95. The overall depth of the market profile is also worth monitoring: the narrower the profile, the less buying pressure may be required to overcome it.
Above the main concentration of trading activity lies the red resistance zone at $91.30.
The RSI + MAs indicator currently shows readings of 48, 57 and 57. RSI has returned to the neutral area following the pullback, but notably remained below the overbought zone throughout virtually the entire uptrend. At the same time, both moving averages remain positive and are holding above the neutral threshold.
Key Takeaways
The break below the ascending trendline has yet to receive confirmation from the momentum indicators. The moving averages remaining above the neutral zone cast some doubt on the sustainability of the current decline.
The next move could depend heavily on the scale and severity of any new US sanctions against Iran. A stronger-than-expected sanctions package could increase pressure on oil prices, while more limited measures may allow the market to refocus on tight US inventories and provide support for WTI.
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
WTI Analysis: Attempted Uptrend Breakout Without Momentum Confirmation
WTI crude fell more than 2% on Monday, 24 August, as market participants took profits amid expectations that the US could announce a new round of sanctions against Iran. Additional pressure came from a warning by the Iranian authority responsible for the Persian Gulf and Strait of Hormuz, which said vessels violating transit rules could face fines or detention.
At the same time, the US Energy Information Administration (EIA), in its 11 August forecast, expects the average Brent price to remain around $85 per barrel in the third quarter. Persistently low commercial crude inventories in the US could also help limit the downside and prevent a deeper decline.
Technical Analysis of WTI
On the four-hour XTI/USD chart, prices had been moving within a short-term uptrend since the beginning of August. The trendline repeatedly acted as support during previous pullbacks, but the price is now attempting to break below it while also moving beneath the lower boundary of the current market profile at $86.05.
If the downside move gains traction, the next potential support area is around $84.40.
A false breakout followed by a renewed advance would bring several technical levels into focus. The first is the Point of Control (POC) at $87.20, followed by the upper profile boundary at $87.95. The overall depth of the market profile is also worth monitoring: the narrower the profile, the less buying pressure may be required to overcome it.
Above the main concentration of trading activity lies the red resistance zone at $91.30.
The RSI + MAs indicator currently shows readings of 48, 57 and 57. RSI has returned to the neutral area following the pullback, but notably remained below the overbought zone throughout virtually the entire uptrend. At the same time, both moving averages remain positive and are holding above the neutral threshold.
Key Takeaways
The break below the ascending trendline has yet to receive confirmation from the momentum indicators. The moving averages remaining above the neutral zone cast some doubt on the sustainability of the current decline.
The next move could depend heavily on the scale and severity of any new US sanctions against Iran. A stronger-than-expected sanctions package could increase pressure on oil prices, while more limited measures may allow the market to refocus on tight US inventories and provide support for WTI.
Start trading commodities with tight spreads*. Learn more about trading commodity CFDs with FXOpen. *Additional fees may apply.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
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#XAUUSD #goldprice #commodities #MarketNews #marketanalysis
XAU/USD: Gold Tests Its Trendline After a Powerful August Rally
Gold has staged a remarkable comeback, surging almost 14% in August alone and reclaiming levels not seen since May, a stark reversal from late July, when prices had dipped below $4,000. The rally has been driven by a genuinely unusual combination of forces: the US Treasury's surprise decision to double its long-dated bond buyback programme reignited fears over fiscal credibility and dollar debasement, while persistent Middle East tensions and steady Chinese buying have kept safe-haven demand firmly in place.
All eyes now turn to Fed Chair Kevin Warsh's Jackson Hole speech, the week's pivotal event. A hawkish tone or a fresh rise in real yields could trigger meaningful profit-taking after such a sharp run-up, while continued dollar weakness would likely keep gold's momentum intact. Adding to the tension, this week's data slate, including preliminary Q2 GDP, jobless claims, and Michigan's inflation expectations, gives markets plenty of reasons to stay on edge.
With gold already up nearly 96% over the past year and testing territory unseen in months, the metal finds itself balancing two powerful forces: genuine structural demand against a market that may finally be due for a pause.
Technical Analysis of XAU/USD
As the XAU/USD chart shows, gold has been trading within a well-respected ascending trendline since the 4,022 low in late July, having earlier broken decisively above the descending trendline that capped the May–July decline. Price recently touched a fresh high near 4,698, the 0 Fibonacci level, before pulling back and now testing the confluence of the ascending trendline and the 50-period EMA near 4,561.
Bullish Scenario
Should buyers defend this trendline-EMA confluence, the broader uptrend structure remains firmly intact. A renewed push higher would target a retest of the 4,698 high, with a confirmed break above that level opening the door toward the 4,760–4,800 resistance zone and fresh record territory beyond.
Bearish Scenario
Conversely, a decisive break below the ascending trendline and the 50-period EMA would signal that a deeper correction is underway, exposing the 0.382 Fibonacci retracement near 4,440 as the first real test, with a further slide risking a retest of the 0.5 level around 4,360.
With price sitting right at the intersection of a multi-week trendline and the 50-period EMA, gold's next move looks set to determine whether this powerful August rally has more room to run or whether it's due for a deeper pause.
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
XAU/USD: Gold Tests Its Trendline After a Powerful August Rally
Gold has staged a remarkable comeback, surging almost 14% in August alone and reclaiming levels not seen since May, a stark reversal from late July, when prices had dipped below $4,000. The rally has been driven by a genuinely unusual combination of forces: the US Treasury's surprise decision to double its long-dated bond buyback programme reignited fears over fiscal credibility and dollar debasement, while persistent Middle East tensions and steady Chinese buying have kept safe-haven demand firmly in place.
All eyes now turn to Fed Chair Kevin Warsh's Jackson Hole speech, the week's pivotal event. A hawkish tone or a fresh rise in real yields could trigger meaningful profit-taking after such a sharp run-up, while continued dollar weakness would likely keep gold's momentum intact. Adding to the tension, this week's data slate, including preliminary Q2 GDP, jobless claims, and Michigan's inflation expectations, gives markets plenty of reasons to stay on edge.
With gold already up nearly 96% over the past year and testing territory unseen in months, the metal finds itself balancing two powerful forces: genuine structural demand against a market that may finally be due for a pause.
Technical Analysis of XAU/USD
As the XAU/USD chart shows, gold has been trading within a well-respected ascending trendline since the 4,022 low in late July, having earlier broken decisively above the descending trendline that capped the May–July decline. Price recently touched a fresh high near 4,698, the 0 Fibonacci level, before pulling back and now testing the confluence of the ascending trendline and the 50-period EMA near 4,561.
Bullish Scenario
Should buyers defend this trendline-EMA confluence, the broader uptrend structure remains firmly intact. A renewed push higher would target a retest of the 4,698 high, with a confirmed break above that level opening the door toward the 4,760–4,800 resistance zone and fresh record territory beyond.
Bearish Scenario
Conversely, a decisive break below the ascending trendline and the 50-period EMA would signal that a deeper correction is underway, exposing the 0.382 Fibonacci retracement near 4,440 as the first real test, with a further slide risking a retest of the 0.5 level around 4,360.
With price sitting right at the intersection of a multi-week trendline and the 50-period EMA, gold's next move looks set to determine whether this powerful August rally has more room to run or whether it's due for a deeper pause.
Start trading commodities with tight spreads*. Learn more about trading commodity CFDs with FXOpen. *Additional fees may apply.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
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#XAUUSD #goldprice #commodities #MarketNews
XAU/USD Analysis: Gold's Rally Meets Reality as Fed Hike Odds Surge
Gold has hit a wall this week, sliding to two-week lows near $4,320 and posting an 8.7% drop from last week's three-month highs near $4,700. The catalyst is unmistakable: Fed Chair Warsh's hawkish Jackson Hole remarks, warning the Fed still has "work to do" without clearer evidence inflation is returning to target, sent September hike odds surging from roughly 36% before his speech to over 66% today. Rising Treasury yields and renewed Middle East tensions, following fresh US strikes and Iranian retaliation against the UAE and Jordan, have only added to the pressure.
Despite this sharp pullback, the broader picture remains genuinely constructive: gold still gained around 10% in August alone after the US Treasury's surprise move to double its long-dated bond buyback programme reignited fears over fiscal credibility, the so-called debasement trade that has underpinned much of this year's rally.
All eyes now turn to Friday's Non-Farm Payrolls report, the week's decisive catalyst. A weak print could quickly reverse this hawkish repricing and revive gold's momentum, while a strong one would likely deepen the current correction heading into the Fed's September 15–16 meeting.
Technical Analysis of XAU/USD
As the XAU/USD chart shows, gold has pulled back sharply from the 4,698.73 highs and is now trading between two key confluences: above the 0.618 Fibonacci retracement near 4,265, which aligns with the ascending trendline off the late-July lows, and below the 0.5 retracement near 4,348, which coincides with the 200-period EMA at 4,367.
Bullish Scenario
Should buyers defend the 0.618-trendline confluence, the broader recovery structure remains intact. A push back above the 0.5 retracement and the 200-period EMA would open the path towards reclaiming the descending trendline, with scope to challenge the 0.382 level near 4,431.
Bearish Scenario
Conversely, a decisive break below the 0.618 retracement and the ascending trendline would signal that the correction has real legs, exposing the 0.786 level near 4,147, with a deeper slide risking a full retest of the 3,997 low that anchored the entire August rally.
With price squeezed between a defended trendline-Fibonacci confluence below and a stubborn EMA-Fibonacci resistance above, gold's next move looks set to determine whether Friday's jobs report tips the balance towards renewed strength, or confirms this correction has further to run.
Start trading commodities with tight spreads*. Learn more about trading commodity CFDs with FXOpen. *Additional fees may apply.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
XAU/USD Analysis: Gold's Rally Meets Reality as Fed Hike Odds Surge
Gold has hit a wall this week, sliding to two-week lows near $4,320 and posting an 8.7% drop from last week's three-month highs near $4,700. The catalyst is unmistakable: Fed Chair Warsh's hawkish Jackson Hole remarks, warning the Fed still has "work to do" without clearer evidence inflation is returning to target, sent September hike odds surging from roughly 36% before his speech to over 66% today. Rising Treasury yields and renewed Middle East tensions, following fresh US strikes and Iranian retaliation against the UAE and Jordan, have only added to the pressure.
Despite this sharp pullback, the broader picture remains genuinely constructive: gold still gained around 10% in August alone after the US Treasury's surprise move to double its long-dated bond buyback programme reignited fears over fiscal credibility, the so-called debasement trade that has underpinned much of this year's rally.
All eyes now turn to Friday's Non-Farm Payrolls report, the week's decisive catalyst. A weak print could quickly reverse this hawkish repricing and revive gold's momentum, while a strong one would likely deepen the current correction heading into the Fed's September 15–16 meeting.
Technical Analysis of XAU/USD
As the XAU/USD chart shows, gold has pulled back sharply from the 4,698.73 highs and is now trading between two key confluences: above the 0.618 Fibonacci retracement near 4,265, which aligns with the ascending trendline off the late-July lows, and below the 0.5 retracement near 4,348, which coincides with the 200-period EMA at 4,367.
Bullish Scenario
Should buyers defend the 0.618-trendline confluence, the broader recovery structure remains intact. A push back above the 0.5 retracement and the 200-period EMA would open the path towards reclaiming the descending trendline, with scope to challenge the 0.382 level near 4,431.
Bearish Scenario
Conversely, a decisive break below the 0.618 retracement and the ascending trendline would signal that the correction has real legs, exposing the 0.786 level near 4,147, with a deeper slide risking a full retest of the 3,997 low that anchored the entire August rally.
With price squeezed between a defended trendline-Fibonacci confluence below and a stubborn EMA-Fibonacci resistance above, gold's next move looks set to determine whether Friday's jobs report tips the balance towards renewed strength, or confirms this correction has further to run.
Start trading commodities with tight spreads*. Learn more about trading commodity CFDs with FXOpen. *Additional fees may apply.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
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#gasprices #XNGUSD #commodities #marketanalysis
XNG/USD Analysis: Geopolitical Risk Meets a Fading Uptrend
Natural gas has been on a genuinely volatile ride this week, briefly topping $3.00/MMBtu on Tuesday before reversing sharply lower as fading cooling demand outweighed strong LNG export needs. The commodity, currently trading near $2.91, remains up roughly 4% over the past month despite sitting nearly 7% below year-ago levels.
The supply side tells a comfortable story: US inventories sit 5.2% above the five-year seasonal average, and Lower 48 output remains near record highs, both capping any sustained rally. Yet demand is anything but boring. LNG feedgas flows to major export facilities climbed to 18.3 bcfd in early September from 17.2 bcfd in August as Texas plants returned from maintenance, while European and Asian buyers scramble to rebuild storage ahead of winter amid continued disruptions to Persian Gulf LNG supplies.
That geopolitical thread is the real wildcard. Renewed attacks on tankers in the Strait of Hormuz over the weekend pushed European gas prices to their highest level in over three years, with Qatar largely suspending LNG shipments and extending force majeure on cargoes through autumn.
The result: a domestic market well-supplied and range-bound, sitting uneasily beneath an international backdrop that could send prices sharply higher if Gulf tensions escalate further.
Technical Analysis of XNG/USD
As the XNG/USD chart shows, natural gas staged a strong recovery from a bullish RSI divergence in mid-August, printing higher lows on the RSI even as price carved a fresh low near 2.596, the 0 Fibonacci level. That divergence fuelled a steady uptrend, defined by higher highs and higher lows along an ascending trendline, though price has only just broken below that trendline, currently testing the confluence with the 0.382 retracement near 2.874.
Bullish Scenario
Should buyers reclaim the broken ascending trendline and hold above the 0.382 support, the recovery structure would regain credibility. A push back above the 0.5 retracement near 2.960, the resistance where price has repeatedly reacted in recent sessions, would open the path towards the 0.618 level near 3.045.
Bearish Scenario
Conversely, a confirmed break below the 0.382 retracement would signal that the correction has real legs, exposing the 2.650–2.700 intermediate support zone, with a deeper slide risking a full retest of the 2.596 low that anchored the entire August–September rally.
With price having just lost its ascending trendline right at a key Fibonacci confluence, natural gas's next move looks set to determine whether this recovery still has room to run, or whether the trend shift confirmed by the RSI divergence has already run its course.
Start trading commodities with tight spreads*. Learn more about trading commodity CFDs with FXOpen. *Additional fees may apply.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
XNG/USD Analysis: Geopolitical Risk Meets a Fading Uptrend
Natural gas has been on a genuinely volatile ride this week, briefly topping $3.00/MMBtu on Tuesday before reversing sharply lower as fading cooling demand outweighed strong LNG export needs. The commodity, currently trading near $2.91, remains up roughly 4% over the past month despite sitting nearly 7% below year-ago levels.
The supply side tells a comfortable story: US inventories sit 5.2% above the five-year seasonal average, and Lower 48 output remains near record highs, both capping any sustained rally. Yet demand is anything but boring. LNG feedgas flows to major export facilities climbed to 18.3 bcfd in early September from 17.2 bcfd in August as Texas plants returned from maintenance, while European and Asian buyers scramble to rebuild storage ahead of winter amid continued disruptions to Persian Gulf LNG supplies.
That geopolitical thread is the real wildcard. Renewed attacks on tankers in the Strait of Hormuz over the weekend pushed European gas prices to their highest level in over three years, with Qatar largely suspending LNG shipments and extending force majeure on cargoes through autumn.
The result: a domestic market well-supplied and range-bound, sitting uneasily beneath an international backdrop that could send prices sharply higher if Gulf tensions escalate further.
Technical Analysis of XNG/USD
As the XNG/USD chart shows, natural gas staged a strong recovery from a bullish RSI divergence in mid-August, printing higher lows on the RSI even as price carved a fresh low near 2.596, the 0 Fibonacci level. That divergence fuelled a steady uptrend, defined by higher highs and higher lows along an ascending trendline, though price has only just broken below that trendline, currently testing the confluence with the 0.382 retracement near 2.874.
Bullish Scenario
Should buyers reclaim the broken ascending trendline and hold above the 0.382 support, the recovery structure would regain credibility. A push back above the 0.5 retracement near 2.960, the resistance where price has repeatedly reacted in recent sessions, would open the path towards the 0.618 level near 3.045.
Bearish Scenario
Conversely, a confirmed break below the 0.382 retracement would signal that the correction has real legs, exposing the 2.650–2.700 intermediate support zone, with a deeper slide risking a full retest of the 2.596 low that anchored the entire August–September rally.
With price having just lost its ascending trendline right at a key Fibonacci confluence, natural gas's next move looks set to determine whether this recovery still has room to run, or whether the trend shift confirmed by the RSI divergence has already run its course.
Start trading commodities with tight spreads*. Learn more about trading commodity CFDs with FXOpen. *Additional fees may apply.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
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#XAGUSD #silverprice #commodities #marketanalysis #MarketNews
XAG/USD: Silver's Short-Term Rally Meets Its Moment of Truth
Silver is trading near $64, rebounding sharply from earlier 2026 weakness that had left the metal down roughly 14.8% year-to-date, even as it remains up over 61% on a trailing twelve-month basis. The recent bounce has been driven by a genuinely tangled mix of forces: US-Iran tensions near the Strait of Hormuz have kept safe-haven demand elevated, even as mixed signals from Tehran about a possible safe shipping route inject fresh uncertainty into the picture.
The Fed side of the story adds further complexity. Friday's blowout jobs report, 162,000 payrolls against a roughly 53,000 consensus, pushed September rate-hike odds towards 60%, initially pressuring precious metals before silver clawed back most of that move. Thursday's hotter-than-expected Producer Price Index, up 5.4% year-over-year and a tenth above forecast, driven largely by a 4.2% surge in energy costs tied to the ongoing conflict, has only reinforced the case for continued Fed vigilance.
Underneath it all, silver's gold/silver ratio near 65.8 suggests the metal has outpaced gold's own recent strength, a signal some traders read as silver playing catch-up after a difficult start to the year, though renewed dollar weakness ahead of next week's inflation data remains the more immediate driver to watch.
Technical Analysis of XAG/USD
As the XAG/USD chart shows, silver has been compressing into a broad symmetrical triangle since late July, with a descending trendline from the 71.066 highs converging with an ascending trendline off the 56.536 low, the origin of this entire rally. Price is now testing the confluence of this ascending trendline, the intermediate 62.50–63.00 support zone, and the 0.5 Fibonacci retracement near 63.80.
Bullish Scenario
Should buyers defend this trendline-support-Fibonacci confluence, the broader triangle structure remains intact. A push back above the 0.382 retracement and 200-period EMA, both near 65.13–65.52, would open the path towards a retest of the 71.066 highs, the origin of the entire correction.
Bearish Scenario
Conversely, a confirmed break below the ascending trendline and the 0.5 retracement would signal that the correction has real legs, exposing the 0.618 level near 62.086, with a deeper slide risking a fuller retest of the major 56–57 support that launched the entire medium-term rally.
With price sitting right at the intersection of a multi-week trendline, a key support zone, and a critical Fibonacci level, silver's next move looks set to determine whether this consolidation resolves higher towards fresh multi-year highs, or whether the broader rally is finally due for a deeper correction.
Start trading commodities with tight spreads*. Learn more about trading commodity CFDs with FXOpen. *Additional fees may apply.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
XAG/USD: Silver's Short-Term Rally Meets Its Moment of Truth
Silver is trading near $64, rebounding sharply from earlier 2026 weakness that had left the metal down roughly 14.8% year-to-date, even as it remains up over 61% on a trailing twelve-month basis. The recent bounce has been driven by a genuinely tangled mix of forces: US-Iran tensions near the Strait of Hormuz have kept safe-haven demand elevated, even as mixed signals from Tehran about a possible safe shipping route inject fresh uncertainty into the picture.
The Fed side of the story adds further complexity. Friday's blowout jobs report, 162,000 payrolls against a roughly 53,000 consensus, pushed September rate-hike odds towards 60%, initially pressuring precious metals before silver clawed back most of that move. Thursday's hotter-than-expected Producer Price Index, up 5.4% year-over-year and a tenth above forecast, driven largely by a 4.2% surge in energy costs tied to the ongoing conflict, has only reinforced the case for continued Fed vigilance.
Underneath it all, silver's gold/silver ratio near 65.8 suggests the metal has outpaced gold's own recent strength, a signal some traders read as silver playing catch-up after a difficult start to the year, though renewed dollar weakness ahead of next week's inflation data remains the more immediate driver to watch.
Technical Analysis of XAG/USD
As the XAG/USD chart shows, silver has been compressing into a broad symmetrical triangle since late July, with a descending trendline from the 71.066 highs converging with an ascending trendline off the 56.536 low, the origin of this entire rally. Price is now testing the confluence of this ascending trendline, the intermediate 62.50–63.00 support zone, and the 0.5 Fibonacci retracement near 63.80.
Bullish Scenario
Should buyers defend this trendline-support-Fibonacci confluence, the broader triangle structure remains intact. A push back above the 0.382 retracement and 200-period EMA, both near 65.13–65.52, would open the path towards a retest of the 71.066 highs, the origin of the entire correction.
Bearish Scenario
Conversely, a confirmed break below the ascending trendline and the 0.5 retracement would signal that the correction has real legs, exposing the 0.618 level near 62.086, with a deeper slide risking a fuller retest of the major 56–57 support that launched the entire medium-term rally.
With price sitting right at the intersection of a multi-week trendline, a key support zone, and a critical Fibonacci level, silver's next move looks set to determine whether this consolidation resolves higher towards fresh multi-year highs, or whether the broader rally is finally due for a deeper correction.
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