Gold Weekly Forecast: Buyers finally cave in as geopolitical tensions ease
Gold (XAU/USD) came under heavy bearish pressure after setting a new record-high slightly above $4,380 on Monday and snapped a nine-week winning streak.

Gold (XAU/USD) came under heavy bearish pressure after setting a new record-high slightly above $4,380 on Monday and snapped a nine-week winning streak.
EUR/USD trades in a narrow range but manages to hold above 1.1600 in the European session on Friday. In the second half of the day, September Consumer Price Index (CPI) data from the US could trigger the next big reaction in the pair.
The British pound fell sharply against the U.S. dollar on Thursday, testing key support near 1.32 amid persistent dollar strength and range-bound pressure.
Nvidia edged higher on Thursday, maintaining its uptrend near the 50-day EMA, with a breakout above $185 likely triggering a move toward $195–$200.
The U.S. dollar continued its bullish push against the yen on Thursday, testing the crucial ¥153 level amid rising yields and diverging monetary policies.
Gold rallied on Thursday, testing the $4,200 level as support after heavy losses, but remains vulnerable to a drop toward $4,000 if bullish momentum fades.