XAU/USD – At key resistance level

XAU/USD, H4 – Last night, Gold prices rebounded near the key resistance again, creating a high around $1,736. The price raised prior the announcement of US Jobless claims, which came out much higher than the expected at 2,981K from the forecast of 2,500K. That came with a warning of a new outbreak of Covid-19 that may be even more severe than before. However, the US stock market last night all closed up positive, with Dollar firmer.

After the relaxation of the lockdown measures, the short-term economic development trend is not improving, affecting market sentiment along with the fear of a second wave of Covid-19.

From the technical perspective, in the H4-chart, XAUUSD last night broke the upper line of April’s triangle, and as I have already written, the asset has the opportunity to develop a triple top reversal pattern.

By breaking the triangle’s upper line (dotted line) to retest the April 23 high, suggests that if the buying power remains strong , a move above the of the $1,738 – $1,746 area, may be the start of the return to 2012 highs, around $1,800. This may have to wait to see the trend of Covid-19 concurrently. If XAUUSD failed to pass $1,738 – $1,746 Resistance area, then it could find Support back to $1,722. A move further lower could lead gold at the bottom line of the channel, i.e. at $1,710.

GBP/USD: Daily gains remain capped by 1.3650

GBP/USD leaves behind Monday’s pessimism and advances marginally on Tuesday. Cable’s humble gains, however, appear to have met quite a decent resistance in the 1.3650 zone for now, in a context of a slight selling pressure hovering around the Greenback.

EUR/USD picks some pace, retests 1.1670

EUR/USD advances modestly and revisits the 1.670 zone on turnaround Tuesday. The pair’s slight advance comes after two daily drops in a row and follows the humble decline in the US Dollar, while investors gear up for upcoming US data and the Jackson Hole Symposium.

Gold treads water around $4,650

Gold navigates the middle of its daily range near $4,650 per troy ounce on Tuesday. The lack of clear direction in the yellow metal comes on the back of the widespread cautious tone among market participants, a mildly offered stance in the US Dollar and a marked decline in US Treasury yields across the curve.

Crypto Today: Bitcoin soars past $80K as Ethereum and XRP hold gains

Bitcoin (BTC) is trading above $80,000 on Tuesday. This is the highest level the Crypto King has traded since mid-May, underscoring a positive shift in investors' risk-on sentiment, liquidity conditions and the technical outlook.

Nvidia earnings: A quick look at expectations

The 2026 Q2 earnings season is nearly over for S&P 500 members, with the reporting cycle notably positive. But looming large this week is none other than AI-favorite NVIDIA (NVDA) , whose results will wrap up the reporting cycle for the Magnificent Seven group as well.

$20 billion offered, $2 billion taken: Why Treasury doubled its buyback cap

The US Treasury moved off its own calendar on Wednesday, and that is the part worth sitting with. At 12:32 GMT, the department said it would at least double the size of liquidity support buyback operations in the 10-year to 20-year and 20-year to 30-year sectors, lifting the maximum from $2 billion per operation to at least $4 billion, effective September 9 and running to November 4.