
Gold has priced a Fed pause. The hike is still coming
Gold has priced a Fed pause. The hike is still coming
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Gold has priced a Fed pause. The hike is still coming

USD/CHF Price Forecast: Bearish flag forms as bulls eye 0.8200

The USD is bouncing in late US trade following this morning's CPI print, which came in right at the expected 3.4% and 2.5% for headline and core. At this point it still looks like the USD/JPY pair is dominating Dollar flows and that showed throughout today's trade, with an early-morning sell-off in both markets reversing after the data release.

Precious metals moved higher as U.S. Inflation Rate declined to 3.4%.

EUR/USD Price Forecast: Fading bullish momentum puts focus on 1.1500 support

Pound Sterling Price News and Forecast: GBP/USD holds near 1.3500 as CPI relief meets Hormuz risk

Gold & Silver recovery gains momentum, but confirmation is needed; Elliott Wave intraday analysis

The American currency is moving higher as traders focus on inflation data.

Silver jumps more than 2% after US inflation meets expectations

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.

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.

British Pound: Improving sentiment supports gains against US Dollar – Scotiabank

Gold managed to met the second target of 4382 to pass above it. As we see from the Intraday chart and as long as the market remains below the resistance of 4435, the chance for a correction is likely with support at 4300.
![Gold – Potential reversal play [Video]](https://static.pipvero.com/pipvero/uploads/2026-08/general-1-1786547611-36725061ceae6f9f.webp)
Gold – Potential reversal play [Video]

We expect much higher prices into 2030/2031, with the strongest gains likely to occur during the final 12 months of the bull market.