Created
: 2025.09.03
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
Gold: Bullish breakout - OCBC
Breaking news
Gold: Bullish breakout - OCBC
2025.09.03 17:30
2025.09.03 17:30
XAU/USD broke pushed higher into record levels into NY session to firmly close above 3,500. Gold last seen at 3540 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Bullish momentum on daily chart intact
"Prospects of Fed cutting rates, risk of geopolitical tensions persisting for longer and chatters of central banks buying were some of the factors driving gold higher. Bullish momentum on daily chart intact while RSI rose into overbought conditions."
"We still continue to watch price action - if it manages to close above 3500 on weekly and monthly frequency. Next resistance at 3600, 3750, and 3890 levels. Support at 3390 (21 DMA), 3360 (50 DMA)."
Last updated
: 2025.09.03
Related articles
Gold retreats from record high as Powell cools cut bets, US Dollar strengthens
2025.09.25 04:11Gold consolidates below record highs as Fed caution and US Dollar strength weigh
2025.09.24 21:17Gold Price Forecast: XAU/USD pulls back to $3,760 amid US Dollar strength
2025.09.24 19:49Silver price today: Silver rises, according to FXStreet data
2025.09.24 18:30Silver Price Forecast: XAG/USD rebounds above $44.00 near 14-year highs
2025.09.24 16:36Gold remains close to all-time high amid Fed rate cut bets and geopolitical risks
2025.09.24 14:03
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
Fed's Goolsbee warns against series of rate cuts
Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee broke away from the overarching narrative of consecutive Fed rate cuts heading through the end of the year, widening the narrative gap between Fed incumbents and Donald Trump's newly-minted Fed plant Stephen Miran.
New
2025.09.25 04:31Gold retreats from record high as Powell cools cut bets, US Dollar strengthens
Gold (XAU/USD) price turns negatively on Wednesday after rallying for three consecutive trading days, which pushed the yellow metal to a record high at $3,791, before retreating somewhat as investors digest Federal Resever (Fed) Chair Jerome Powell's comments, which seem to pour cold water on rate c
New
2025.09.25 04:11Forex Today: SNB rate call, US GDP, Japan Tokyo CP inflation on deck
The US Dollar lurched higher on Wednesday, sparked by a fresh round of risk aversion across the broader markets. Central banks worldwide are grappling with two-speed economies of varying degrees, and many are battling a steepening slowdown in economic activity.
New
2025.09.25 03:45USD/JPY hits three-week high as Greenback rebounds, BoJ minutes in focus
The Japanese Yen (JPY) weakens sharply against the US Dollar (USD) on Wednesday, with USD/JPY advancing to its highest level since September 3.
New
2025.09.25 03:34Dow Jones Industrial Average falls for a second day as tech rally hesitates
The Dow Jones Industrial Average (DJIA) followed the broader market lower on Wednesday, shedding 270 points at its lowest. Investors are taking profits and trimming their exposure to the AI-fueled tech rally ahead of the latest US employment figures and inflation data.
New
2025.09.25 02:51BoE's Greene: The supply side needs more attention
During a speech at the Adam Smith Business School of the University of Glasgow, Bank of England (BoE) Monetary Policy Committee (MPC) member Megan Greenebroke away from "tradiitional" policy planning rhetoric, warning that global central banks need to pivot into a different perspective on managing s
New
2025.09.25 02:04WTI climbs to three-week high as EIA draw and geopolitical risks lift Oil prices
West Texas Intermediate (WTI) Crude Oil extends its rebound for the second straight day on Wednesday, recovering from its weakest level in nearly two weeks, hit earlier on Monday.
New
2025.09.25 01:02AUD/USD slips to 0.6590 as Powell highlights dual mandate challenges
The Australian Dollar drops versus the US Dollar on Wednesday amid the lack of catalyst, following remarks by the Fed Chair Jerome Powell, who said that the Fed would continue to balance the dual mandate of the central bank. The AUD/USD trades at 0.6590, down 0.11%.
New
2025.09.25 00:20Mexico FX Today: Peso steady as Banxico prepares new rate cut
The Mexican Peso (MXN) edges slightly lower against the US Dollar (USD) on Wednesday, with the USD/MXN pair trading at 18.41 at the time of writing, up 0.3% on the day.
New
2025.09.24 23:52GBP/JPY trades sideways as BoE Bailey sees scope for lower rates
The British Pound (GBP) trades sideways against the Japanese Yen (JPY) on Wednesday, with GBP/JPY modestly higher, rebounding after briefly slipping to its lowest level since September 9 on Tuesday.
New
2025.09.24 23:48Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
