
Gold Weekly Forecast: Mideast stalemate keeps bullish potential in check
Gold Weekly Forecast: Mideast stalemate keeps bullish potential in check
تابع أحدث الأخبار المالية والاقتصادية وتحديثات الأسواق والتقارير والتحليلات على PipVero.

Gold Weekly Forecast: Mideast stalemate keeps bullish potential in check

Gold: Upside seen as Fed hike bets fade – Commerzbank

Euro climbs as fading Fed hike expectations pressure US Dollar

RBC's price assumptions put gold at an average $5,250 an ounce in 2027 and $5,500 in 2028, while JPMorgan sees evidence that buyers are returning after the market established support near $4,000. The Gold price in US Dollars has begun to recover from its mid-year correction, and two bank research frameworks point to a market that is.

USD/CHF faces rejection at 1 (100%) Arc – Potential decline toward 0.8040

Softer inflation cut September hike odds, but gold needs lower oil and a weaker dollar to turn the rate-relief trade into a breakout.

Gold: Fed pause keeps systematic demand supported - TD Securities

The US dollar is soft in general, but looks as if it is trying to fight back a little as we head into New York trading.

USD/JPY faces rejection at 0.5 Arc – Potential decline toward 158.66

The Euro managed to hit a few pips above the resistance of 1.1560 which could lead to another advance. As we see from the chart, prices face support around 1.1470-80 while as long as the market holds above it, the advance may could continue towards 1.1685 and above.

Gold managed to drop towards the support at the 4300-10 zone. Prices rebounded so far and the chart shows the chance for a trading zone, before expanding the drop scenario toward 4200-20 in the coming trading weeks.

We still hold our previous projection for GBPUSD. As we see over the daily chart, a possible triangle formation could hold the market inside the 1.3140-80 support and 1.3505-55 resistance.

The Yen gave back some of its recent advance that was triggered by US and Japanese intervention. The pair printed above the 158.05 resistance which indicated a wider range for rebound towards the 160.85 resistance.

USD/CAD Price Forecast: Posts fresh two-month low below 1.3900

Gold bounces from weekly low on softer US Dollar, fading September Fed hike bets