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Saudi Arabia Gold price today: Gold rises, according to FXStreet data

The Japanese yen continued its strong downward trend, reaching its lowest level since September 3 as traders reflected on the latest Federal Reserve and Bank of Japan (BoJ) interest rate decisions. The USD/JPY pair rose to 157.03, up sharply from this month's low of 152.90.

EUR/USD Price Forecast: Strengthens to near 1.1500, while bearish bias persists below 100-day SMA

India Gold price today: Gold rises, according to FXStreet data

Gold (XAU) and silver (XAG) rebounded on Thursday as pressure from oil and bond yields eased. Spot gold gained 1.83% on Thursday while spot silver gained 3.55%. The 10-year Treasury yield dropped to around 4.95% after moving above 5% earlier this week.

Oil prices also corrected for the third session as markets focused on alternative supply routes in the Middle East and signs that part of the East-West pipeline of Saudi Arabia could return within days. This decline eased some immediate fears of inflation and supported gold and silver prices.

But oil still remains above $100 as the regional tensions continue and the Fed has signaled more rate hikes may follow. In my view, gold and silver may remain volatile until Treasury yields remain elevated and the outlook for oil becomes more stable.

Gold Price Forecast: $4,530 Breakout Could Target $4,800 The daily chart for spot gold shows that the price rebounded on Thursday from the 50-day SMA near $4,270. But the RSI remains below the midline and the price is still weak until it can break above the $4,530 level. The price has been consolidating between the 50- and 200-day SMAs and needs breakout above these moving averages.

A break above $4,530 will push the price toward the $4,800 region. This level is defined by the descending trendline that stretches from the January 2026 highs. But a confirmed break below $4,270 will push the price toward the $4,000 region.

However, the weekly chart for spot gold shows constructive price action above the ascending trendline that stretches from the October 2023 lows. A confirmed break above $5,000 is required to initiate strong bullish momentum in the gold market. But a break below $4,150 will likely break the immediate trend and push gold prices lower.

The 4-hour chart for spot gold also shows negative price action despite the strong rebound from support at $4,300. This bearish price action is seen in the inverted head and shoulders pattern that formed in August.

But a strong recovery above $4,530 will also erase this bearish development and push prices toward the $4,800 area. A break below $4,270 is required to open the way for further downside.

Gold Price Forecast

Every new Gold analysis as it publishes, today's technical signal and key levels, live price — on one page.

See all Gold forecasts Silver Price Forecast: $66 Breakout Brings $73 into Focus The daily chart for spot silver shows that the price rebounded on Thursday from the 50-day SMA, which is the key support in the spot silver market. Strong resistance is seen at the 200-day SMA near $73.

A break above this level will likely push prices towards the $89 area. The rebound in silver prices has also pushed the RSI above the midline, which keeps the outlook bullish in the short term.

But a break below the 50-day SMA near $62 will likely open the way for further downside towards the $55 area. On the other hand, a break above $73 will push prices toward the next important level in the $89 region.

The 4-hour chart for spot silver shows the rebound from key support at $62.60 in the short term. The 50-day SMA also defines this support level. The price is now challenging immediate resistance in the $66 region. The black dotted trendline defines this resistance. A break above $66 will likely push prices towards the $68 area. A break above $68 will likely open the way for a strong rally toward the $72-$73 region.

What to Watch Next Gold and silver recovered from support at $4,270 as oil prices and Treasury yields eased from the resistance levels. But the rebound in gold still needs confirmation. Gold must break above $4,530 to strengthen the recovery but a break below $4,270 could expose the $4,000 region.

Silver presents strong momentum in the short term but the price must break above $73 to extend the rally. A break below $62 would weaken the outlook and open the way towards $55.

In my view, both metals may remain volatile as oil is still above $100 and the Fed may raise rates again. The correction in oil prices and Treasury yields may support further gains in precious metals, but the strength in oil market could bring sellers back.

Read more: Fed Hike and 5% Treasury Yields Test Gold Recovery

Silver Price Forecast: XAG/USD rises to near $66.00 as US-10 year yield slides

PBOC sets USD/CNY reference rate at 6.7521 vs. 6.7580 previous

US front-end rates have taken over as the dominant short-term driver for USD/CAD, with the price now testing a level that may.

Gold holds $4,235–$4,281 support as a falling wedge develops, with a breakout above $4,381 potentially opening the path toward $4,966–$4,973.

Falling Wedge Takes Shape Gold further confirmed the formation of a potential falling bullish wedge on Thursday, establishing a higher daily low of $4,257 and rallying to a four-day high of $4,381. The advance triggered a rise above two key dynamic resistance indicators, including the downtrend line and the 10-day moving average, which is near $4,346. Although the recovery of those indicators is not set to be confirmed with a close above the levels, the higher daily low, positive performance for the session, and likely close in the top third of the day’s range show that buyers remain in control in the short-term.

That could lead to confirmation of the falling wedge with a decisive breakout above $4,381. Such a breakout would provide an important confirmation of the developing bullish structure and signal that the recent consolidation may be ending.

Spot gold daily chart shows one-day advance off key support zone. Source: TradingView Support Confluence Preserves Bullish Setup The formation of the falling wedge has occurred following a test of a support zone defined by the confluence of the 61.8% Fibonacci retracement of the prior advance and the 50-day moving average. This is a good example of why key price levels should be watched as price areas or zones. A higher daily low has now been established following Wednesday’s low of $4,235, identifying key structure support, while the 50-day moving average defines dynamic support, near $4,281 currently. The ability to hold above this support zone has helped preserve the developing bullish setup.

Spot gold daily chart shows larger trend structure. Source: TradingView $4,381 Breakout Opens Next Leg A decisive advance above $4,381 will signal a breakout of the wedge pattern and a reclaim of the 10-day moving average, along with the downtrend line. That would also signal the possible beginning of the next leg up in the advance that began in early August and the progression of a rising ABCD pattern. When there is price symmetry between the two upswings, a potential resistance level is identified. That occurs at $4,973. The significance of that potential upside target is supported by the 61.8% Fibonacci retracement of the full prior decline at $4,966. The close alignment of these two levels creates a potentially significant resistance zone near $4,966-$4,973.

Moving Average Holds Key If strength follows, the 50-day moving average will be confirmed as support after it had marked dynamic resistance until the August 5 rally. Once the first pullback to that key indicator confirms its role as a support level, the developing bullish trend should be ready to proceed. For now, the $4,235-$4,281 area defines important underlying support, while a decisive move above $4,381 would provide the next confirmation that the falling wedge is resolving higher.

If you’d like to know more about how to trade gold and silver, please visit our educational area.

About the Author

With over 20 years of experience in financial markets, Bruce is a seasoned finance MBA and CMT® charter holder. Having worked as head of trading strategy at hedge funds and a corporate advisor for trading firms, Bruce shares his expertise in futures to retail investors, providing actionable insights through both technical and fundamental analyses.

Latest news and analysis

Although the Mexican peso is attempting to regain some ground during today's session, price action throughout the week shows.

Silver Price Forecast: Bulls threaten bearish setup after Fed hike

USD/JPY remains the center of the FX market and after yesterday's hawkish hike from the FOMC, the pair extended it's recent rally to run above the 155.00 level.

British Pound Technical Forecast: GBP/USD Weekly Trade Levels GBP/USD has fallen nearly 2.5% from the August high after breaking below the September opening range. Sterling is testing major Fibonacci support, where the next reaction could determine whether the decline extends into a deeper correction. A recovery above the yearly open would be needed to strengthen the case that a more significant low is forming. With this week’s Fed and BoE decisions behind us, UK and U.S. PMI data highlight the next round of event risk. Resistance ~1.3410, 1.3474 (key), 1.3648/85- Support 1.3345, 1.3255, 1.3194 (key) Sterling has come under heavy pressure following last month’s rejection from major resistance, with the decline gathering momentum through September. The latest move has materially weakened the near-term technical picture and brought GBP/USD to an important inflection point where the bears will need further confirmation to sustain the decline. With the major central-bank decisions now behind us, attention shifts toward incoming growth data for clues on whether the current weakness has further to run. Battle lines drawn on the GBP/USD weekly technical chart.

Review my latest Weekly Strategy Webinar for an in-depth breakdown of this Sterling setup and more. Join live on Monday’s at 8:30am EST.

British Pound Price Chart – GBP/USD Weekly

Chart Prepared by Michael Boutros, Sr. Technical Strategist; GBP/USD on TradingView

Technical Outlook: In last month’s British Pound Weekly Forecast we noted that GBP/USD was approaching resistance and that, “From a trading standpoint, look to reduce long-exposure / raise protective stops on a stretch towards 1.3591- losses should be limited to the 1.3474 IF price is heading for a breakout on this stretch with a topside breach needed to fuel a rally towards the yearly high-close.” Sterling broke higher later that week with the rally extending into pivotal resistance at the 2025 & 2026 high week closes (HWC) at 1.3648/85. A sharp reversal the following week has now extended nearly 2.5% off the August high with the break below the September opening range yesterday suggesting the potential for late-month low in price. Note that weekly momentum has now fallen back below 50 for the first time since July.

GBP/USD is now poised to mark the largest weekly decline since May when price turned from the very same level. The bears are testing weekly support today at the 61.8% retracement of the June rally at 1.3345. The immediate focus is on a reaction off this zone with a break / weekly close below needed to fuel the next leg of the decline towards the 78.6% retracement at 1.3255. Critical support remains unchanged at 1.3194- a level defined by the 2026 low-week close (LWC), the March low close, and the 38.2% retracement of the 2025 rally. Note that basic trendline support extending off the November low converges on this level over the next few weeks and losses below this slope would be needed to validate a breakout of the yearly opening range.

Look for initial resistance at the 52-week moving average, (currently ~1.3410) with key resistance eyed back at the yearly open at 1.3474. This has been a major pivot zone for Sterling since the start of the year and a breach / weekly close above this threshold would be needed to suggest a more significant low is in place, and a larger recovery is underway. Ultimately, strength surpassing 1.3648/85 is needed to fuel a major breakout towards the 2025 & 2026 stretch highs at 1.3789 and 1.3870.

           

Bottom line: GBP/USD is testing major Fibonacci support here on the heels of the Fed rate decision with an objective breakout of the monthly range tilting the near-term outlook to the downside for now. From a trading standpoint, rallies should be limited to 1.3474 IF price is heading lower on this stretch with a close below 1.3345 needed to fuel the next leg lower in Sterling.

After this week’s packed slate of inflation data and back-to-back Fed and Bank of England decisions, the focus shifts to fresh growth indicators next week. Flash Manufacturing and Services PMI figures are due from both the UK and U.S. on Wednesday, offering an important read on economic momentum on either side of GBP/USD. Traders will also hear from several Fed officials, including Goolsbee and Hammack, as markets digest this week’s policy decision and updated projections. With the major central-bank catalysts now behind us, the relative strength of incoming growth data could play a larger role in shaping near-term Sterling and U.S. dollar direction. Stay nimble here and watch the weekly close for guidance. I’ll publish an updated  British Pound Short-term Outlook once we get further clarity on the near-term GBP/USD technical trade levels.

GBP/USD Economic Data Releases

Economic Calendar - latest economic developments and upcoming event risk.

Active Weekly Technical Charts Euro (EUR/USD) Swiss Franc (USD/CHF) Gold (XAU/USD) US Dollar Index (DXY) Canadian Dollar (USD/CAD) Australian Dollar (AUD/USD) Japanese Yen (USD/JPY) S&P 500, Nasdaq, Dow Bitcoin (BTC/USD) --- Written by Michael Boutros, Senior Technical Strategist

Follow Michael on X @MBForex

Pound Sterling Price News and Forecast: GBP/USD loses its footing as BoE hold meets Fed hike

USD/CHF Price Forecast: RSI nears overbought territory

Gold prices rallied sharply today, reversing yesterday's losses and some. It is quite common for markets to reverse the FOMC-.

Gold reclaims its 50-day EMA as the U.S. 10-year yield retreats from 5%, though weak momentum keeps $4,500 resistance in focus.

Silver trades near $66 as U.S. rates ease, but flat moving averages keep the market range-bound between key $60 support and $70 resistance.

Silver Technical Analysis

Daily price chart for Silver futures showing price holding near 65.880 between key moving averages and horizontal support. Source: TradingView The silver market has rallied a bit after gapping lower to kick off the trading session on Thursday, as we continue to try to find some type of momentum to the upside. Quite frankly, we’ve been sideways for a while, and it is worth noting that interest rates have dropped a little bit during the session on Thursday for the United States, and that does help silver.

The 50-day EMA and the 200-day EMA indicators are both relatively flat, and with that, it suggests that we’re probably staying in a range for a while. Longer term, I am bullish on silver. There is a huge amount of demand out there when it comes to silver helping the electrification process of the global economy. Furthermore, we have situations around the world where silver just isn’t being extracted in the quantities necessary to satiate demand.

We Saw a Little Glimpse of What It Can Do in Early 2026 So, with all of that being said, I do like silver longer term. We saw a little glimpse of what it can do in early 2026, but interest rates rising the way they have continues to be a major headwind. I think, at this point in time, it’s more likely than not that we see this market go a bit sideways.

The $70 level above is an area I’m looking at in this market as a potential ceiling. So I’ll be watching that, just as I’ll be watching the $60 level for a potential floor. Currently, we’re right around $66, pretty close to fair value from everything that I can see.

If you’d like to know more about how to trade gold and silver, please visit our educational area.

Euro: Downside levels in focus against US Dollar – UOB

Improving sentiment reverses post-FOMC moves: Gold and Silver rebound

GBPUSD seems building a downtrend channel where market support is around 1.3370 and resistance at 1.3500. As we see over the chart, the market could hold this trading channel.

Focus – USD/JPY recovery stalls below 156.00 ahead of BoJ

Silver price rebounds on softer Oil but Fed tightening caps recovery

USD/JPY Price Forecast: 20-day acts key barrier near 156.45

US Dollar/Swiss Franc breaks above 1 (100%) Arc – Potential advance toward 0.8291