Gold (XAUUSD) awaits fresh news: the market is prepared to wait
Gold (XAUUSD) prices start the week near 4,375 USD, with the focus on the Federal Reserve rate outlook and geopolitical developments.
Technical outlook
On the H4 chart, gold (XAUUSD) retains its bullish structure after a strong momentum from the 4,050–4,100 zone. Prices are trading around 4,376 and remain above the middle Bollinger Band, although they entered a consolidation phase after approaching 4,436.
Gold prices remain resilient, but further gains may be difficult without fresh news.
Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
Ethereum changes the rules of the game: ETFs, staking, and stablecoins create a new growth driver
A record share of Ethereum has been locked on the network, which in turn is supporting ETHUSD prices as they test the 1,900.00 level.
Technical outlook
On the H4 chart, the ETHUSD price formed a Hammer reversal pattern near the lower Bollinger Band. At this stage, the price may continue its upward wave as the signal plays out, with the upside target at the 1,930.00 resistance level.
The Ethereum price may continue to rise amid changes in the network and expectations surrounding the Federal Reserve’s interest rate decision.
Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
US retail sales data has turned the fundamental backdrop for USDJPY negative, with the rate currently at 159.20.
Technical outlook
On the H4 chart, the USDJPY rate has resumed its decline. The resistance level has formed at 159.75, with support at 158.95. On the D1 chart, resistance lies at 163.95, while the support level is located at 155.20.
The yen continues to strengthen within the downtrend.
Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
EURUSD hits three-month high as the US intervenes in the debt market
The EURUSD pair rose to 1.1674. The US Treasury’s measures have left the dollar without support.
Technical outlook
On the H4 chart, the EURUSD pair maintains a clear bullish structure. After breaking out of consolidation in the 1.1570–1.1590 area, the pair accelerated sharply higher and is now trading around 1.1675, close to the upper Bollinger Band.
The EURUSD pair climbed towards a three-month high.
Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
Market participants continue to price in the US Treasury's decision to increase buyback operations
The release of the FOMC minutes sent mixed signals to the market. XAUUSD quotes currently stand at 4,593.
Technical outlook
The XAUUSD H4 chart shows a strong uptrend. A potential resistance level has formed at 4,605, while support is located at 4,450. If prices do not fall below 4,525, the uptrend will continue. Otherwise, quotes may attempt to break below the support level.
Following the release of the FOMC minutes, gold tested the 4,600 USD level but failed to consolidate above it.
Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
Fed prepares a surprise for XAUUSD at Jackson Hole
Gold is reaching its highest levels in recent months amid expectations surrounding Jackson Hole. XAUUSD prices currently stand at 4,632.
Technical outlook
On the H4 chart, XAUUSD formed a Hammer reversal pattern near the lower Bollinger Band. As this pattern plays out, quotes continue to form an upward wave.
Gold continues to strengthen amid a weakening dollar and geopolitical tensions.
Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
ETHUSD has entered a local correction, but its fundamental potential remains intact amid record corporate accumulation of the asset and steady capital inflows into US ETFs. The price currently stands at 2,480.
Technical outlook
ETHUSD remains above the EMA-65, indicating increasing bullish pressure. However, upward momentum is slowing near 2,535 USD, while ETHUSD price action analysis suggests a Triangle pattern is forming.
Despite the local correction in ETHUSD, fundamental demand and the technical picture indicate a high probability of further growth towards 2,725 USD.
Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
USDJPY stuck in a range: weak dollar supports, rate outlook weighs
The USDJPY pair has fallen to 159.86. The range remains intact, but the yen is recovering some of its previous losses.
Technical outlook
On the H4 chart, the USDJPY pair remains range-bound, although the short-term momentum is shifting in favour of sellers. After another failed attempt to consolidate in the 159.50–159.80 area, the pair declined to 158.96 and approached the middle Bollinger Band.
The USDJPY pair remains range-bound but is edging lower within the range.
Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
SOLUSD is showing aggressive growth, strengthening confidently despite broader investor caution. The price currently stands at 103.34.
Technical outlook
SOLUSD price is attempting to consolidate above the upper boundary of the Triangle pattern. If the pattern boundary is broken confidently, today’s SOLUSD forecast suggests an upward wave with the nearest target at 117.05 USD.
The current rally in SOLUSD, driven by substantial institutional capital inflows into spot ETFs.
Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
Dogecoin on the verge of change as ETFs and ÐOGE Pay reshape the landscape
House of Doge and MoonPay continue to develop ÐOGE Pay, which could provide additional support for the Dogecoin price, which currently stands at 0.08750.
Technical outlook
On the H4 chart, DOGEUSD formed a Hammer reversal pattern near the lower Bollinger Band. At this stage, the price could form an upward wave as the signal plays out, with the upside target at the 0.09300 resistance level.
The expansion of ÐOGE Pay, growing institutional investor interest through ETFs.
Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
