
Gold Price Pullback Puts $4,500 Support in Focus
Gold price retreats from $4,700 as profit-taking emerges. Technical analysis highlights $4,500 support and $4,800 as the key breakout level.
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Gold price retreats from $4,700 as profit-taking emerges. Technical analysis highlights $4,500 support and $4,800 as the key breakout level.

The euro is riding genuine hawkish momentum right now. It's holding above $1.165 against the dollar, its strongest level since mid-May, with markets fully pricing in an ECB hike in September following June's initial tightening move.

The United States and Canada are in a trade tiff, but the USD/CAD forex pair has stayed up despite Canada upcoming retaliatory tariffs.

Silver price outlook turns bearish after PCE fails to break the range, leaving inflation risks and Jackson Hole ahead.

British Pound weakens against US Dollar as headline PCE beats forecasts

USD/CAD remains bullish above 1.3850 as GBP/USD and AUD/USD show signs of rolling over, putting the US dollar back in focus ahead of Jackson Hole.

Silver price tests $70 resistance ahead of Jackson Hole. A breakout could revive the uptrend, while rejection may expose the 200-day EMA near $65.

Pound Sterling Price News and Forecast: GBP/USD hits fresh intra-week lows after failure at 1.3660 resistance

Euro comes under pressure against US Dollar after mixed US PCE data

Gold slips as sticky US PCE inflation fails to boost Fed rate-hike expectations

Gold slips ahead of US PCE as US Dollar firms modestly

Gold traded around 4,650 USD per ounce on Wednesday, remaining near three-month highs. Investors are awaiting the latest PCE data – the Federal Reserve's preferred measure of inflation.

EUR/USD outlook: Consolidates above key supports ahead of US inflation data

EURUSD remains in extended consolidation under new 3 ½ month high (1.1711) with action holding above broken Fibo barrier at 1.1648 (61.8% of 1.1849/1.1324 descend) that maintains bullish bias (despite initial negative signals from long upper shadows on Thu/Fri daily candles) and keeps the upside in focus. Daily studies keep strong positive momentum, with multiple MA bull-crosses and converged 10/200DMA on track to form golden cross, underpinning the action.

USDCHF currency pair recently reversed down from the support zone between the pivotal support level 0.8010 (former strong resistance from March) and the lower daily Bollinger Band.