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XAU/USD

Forex technical analysis and forecast: Majors, equities and commodities

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

Having completed the ascending wave at 1.1452, EURUSD is consolidating below this level. Possibly, the pair may grow to reach the short-term upside target at 1.1457 and then start a new correction towards 1.1363. Later, the market may form one more ascending structure with the target at 1.1506.

GBP/USD, “Great Britain Pound vs US Dollar”

GBP/USD is still growing and may soon reach 1.3722. After that, the instrument may correct towards 1.3627 and then start another growth with the target at 1.3760.

USD/RUB, “US Dollar vs Russian Ruble”

USD/RUB is consolidating around 74.66. Possibly, today the pair may break the range to the downside and resume trading downwards with the target at 74.07. Later, the market may correct to return to 74.66 and then form a new descending structure to reach 74.00.

USD/JPY, “US Dollar vs Japanese Yen”

After completing the descending wave at 114.90 and breaking it to the downside, USDJPY is still falling towards 114.16. Later, the market may start another correction with the target at 115.60.

USD/CHF, “US Dollar vs Swiss Franc”

Having finished the descending wave at 0.9130, USDCHF is expected to correct towards 0.9181. After that, the instrument may resume trading downwards with the target at 0.9090.

AUD/USD, “Australian Dollar vs US Dollar”

AUD/USD has completed the ascending wave at 0.7288. Today, the pair may correct to reach 0.7212 and then resume growing with the target at 0.7333.

Brent

Brent has completed the ascending structure at 85.00 and may later correct towards 80.50. After that, the instrument may form one more ascending structure to reach 90.00 and then start another correction with the target at 75.00.

XAU/USD, “Gold vs US Dollar”

Gold continues growing towards 1830.30. After that, the instrument may correct to reach 1800.00 and then start another growth with the target at 1900.00.

S&P 500

After finishing the ascending structure at 4747.0, the S&P index is correcting towards 4698.9 and may later resume growing with the target at 4845.5.

Author

RoboForex Team

RoboForex

RoboForex Team is a group of professional financial experts with high experience on financial market, whose main purpose is to provide traders with quality and up-to-date market information.

GBP/USD nudges higher above 1.3350 despite Middle East turmoil

The GBP/USD pair rebounds to near 1.3385 during the Asian trading hours on Thursday. However, the potential upside for the major pair might be limited amid cooler-than-expected UK inflation data and escalating tensions in the Middle East. Traders will take more cues from the UK Retail Sales report, which is due later on Friday.

EUR/USD stabilizes near 1.1400 as markets focus on geopolitics

EUR/USD trades in a narrow channel at around 1.1400 on Wednesday. In the absence of high-impact data releases, escalating geopolitical tensions in the Middle East caps the pair's upside. On Thursday, the European Central Bank (ECB) will announce monetary policy decisions.

Gold is at a critical juncture as Middle East conflict widens

Gold snaps a four-day recovery early Thursday as widening Mideast conflict-led rallying Oil prices spur inflation fears. The US Dollar stays defensive amid potential USD/JPY sell-off, as ‘Yenternvention’ risks loom. Gold at a crossroads, awaiting Bear Cross confirmation on the daily chart, as RSI flirts with 50.

Australia unemployment rate set to steady at 4.4% in June, signaling strong job market

Australia will publish the June monthly employment report on Thursday at 01:30 GMT, and market participants expect a modest increase in job creation in the land Down Under. The Australian Bureau of Statistics is expected to announce that the country added 15K new jobs in the month, while the Unemployment Rate is forecast at 4.4%, unchanged from May.

Senate Republicans release updated CLARITY Act with new crypto ethics restrictions

Senate Republicans released an updated version of the Digital Asset Market CLARITY Act on Wednesday following briefing calls with stakeholders. The update adds a package of ethics restrictions targeting digital asset activities by public officials and their spouses. The revised legislation comes after negotiations between the White House and Republican senators Cynthia Lummis and Bernie Moreno.

US Dollar mid-year outlook: Exceptional currency, exceptional risks?

The US Dollar enters the second half of 2026 in a markedly different position from a year ago. The King currency has recovered, reflecting persistent US inflation, changing expectations for Fed policy, geopolitical tensions and renewed demand for defensive assets.