Technical My Tips

USOIL trades above 61.40 after OPEC+’s modest 137k bpd hike and renewed Russia sanctions risk. Lower highs and diverging EMAs suggest room for more downside, with a break below 61.40 driving prices lower toward 60.00, while a break above 62.80 could target 64.20.

Concerns over the US labor market and uncertainty regarding the Fed's independence drove old prices to another record high. XAUUSD heads to the 61.8% Fibonacci Extension at 3680. Will it break above this level and test the 78.6% Fibonacci Extension at 3720? #Gold #XAUUSD

XAGUSD, Daily📈 XAGUSD sustained its uptrend, briefly retesting the resistance at 41.50. The widening gap between bullish EMAs indicates a potential extension of upward momentum. If XAGUSD breaches above the resistance at 41.50, the price may advance further toward the psychological resistance at 42.50. Conversely, if XAGUSD breaks below the support at 39.50, the price could retreat toward the subsequent support at 37.00.

GBPJPY, 15-minute timeframe chart 👀Is this the breakout GBPJPY has been waiting for?📉 👉General outlook GBPJPY has been under selling pressure within the last couple of hours. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 1.16500. Set your stop loss at 199.490 above the previous high ($3.20 loss for 0.01 lot) and take profit at 198.550 ($3.20 profit for 0.01 lot). The risk-reward ratio for this order is 1:1. The upcoming news will not influence your orders within the mentioned period.

#economic_calendar This event may affect the market on 9 September.

🥇 Gold rises on top of rate cut hopes—what is next for traders? 🤔 Gold futures stay near record highs after a weak U.S. jobs report sparked fresh hopes of an interest rate cut. Could this be the golden opportunity for traders? Find out in our analysis 📖 👉 Key takeaways • Events. Gold held steady at $3,590 per ounce after data showed the U.S. economy added fewer jobs than expected in August. Unemployment hit its highest level since 2021 📊 • Background. The disappointing jobs figures boosted expectations that the Federal Reserve (Fed) will cut interest rates later this month. Traders now see a 92% chance of a 0.25% rate cut ✂️ On top of that, gold strengthened after the Trump administration excluded it from new tariffs. • Possible outcome. Trump interfered with the central bank's decisions on numerous occasions. If he sparks more concerns over the Fed's independence, it can also drive demand for gold as a safe haven. 👉 Tip for traders Watch the upcoming Fed meeting closely 👀 If a rate cut is confirmed, the U.S. dollar could weaken—this often pushes gold prices higher.

📣 These are the biggest events to watch this week 👇 US consumer and producer price inflation will be watched closely for clues ahead of the Fed’s September rate decision. There’s not as long to wait for the ECB decision on Thursday, although a rate cut is unlikely. UK monthly GDP figures and the University of Michigan’s preliminary consumer sentiment survey will also be eyed. Stay ahead of the markets. #XM #XMIndia #EconomicCalendar

Stay tuned for potential market shifts and trading opportunities with the next week’s events from the financial calendar. Trade Now:

Gold prices rose in Asia session Fri, staying near recent peaks amid mounting speculation on US rate cuts. Though unable to set new highs, diverging bullish EMAs signal strong bullish momentum, will upcoming nonfarm payrolls extend the trend? #Gold #XAUUSD

#economic_calendar These events may affect the market on 5 September.

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Chart: ETHUSD consolidated within a narrow range. The price hovers around EMA21 without significant movement, reinforcing a sideways outlook. If ETHUSD holds above EMA21, the price could target the potential resistance at 5100 upon breaking above the resistance at 4850. Conversely, staying below the resistance at 4850 would fuel ETHUSD's consolidation within the broader range of 4200–4850.

📉 Gold eases after recent gains. Will the uptrend continue? 🚀 Gold prices dipped to around $3,520 per ounce on Thursday morning, cooling off after a strong rally. But with the dollar under pressure, could gold be gearing up for another leap? Explore our traders' insights below ⬇️ 👉 Key takeaways • Events. Gold paused its longest winning streak since March, but still hovers near record highs. At the same time, job data from the U.S. came in weaker than expected, and political uncertainty added to market nerves. • Background. The Trump administration appealed a court decision on tariffs, potentially dragging the case to the Supreme Court 🧑‍⚖️ Meanwhile, worries about the Federal Reserve's independence have boosted the appeal of gold as a safe-haven asset. • Possible outcome. If upcoming job data confirms a slowing labour market, the U.S. Federal Reserve may feel more pressure to cut interest rates in September. That would likely weaken the U.S. dollar and give gold another push upwards. 👉 Tip for traders Keep a close eye on nonfarm payrolls report this Friday 👀 If job numbers disappoint, it could signal more monetary easing—a potential green light for further gold gains.

#economic_calendar These events may affect the market on 4 September.

Trade with confidence knowing you have both speed and stability on your side. #BorntoTrade