Japan's economy shows signs of recovery, boosting optimism for USD/JPY, while gold is nearing record highs amid a weakening dollar and potential Fed rate cuts. Key levels to watch could signal trading opportunities in both markets. Want to know more about the latest trends and strategies? Read on for the full analysis!

1. USD/JPY Analysis:
News Summary:
Japan's government raised its assessment of the economy for the first time in more than a year as signs of improving consumption bolstered optimism about a full economic recovery. Japan's economy is recovering at a moderate pace, although some areas still appear to be stagnating, the Cabinet Office said in its monthly economic report in August. This is the first time since May 2023. The government says consumption is picking up as the impact of shipping disruptions is easing for some automakers.

Trend Analysis:
We can see USD/JPY is hovering at related low level and gradually approaching the 48 hours moving average. Moreover, the MACD energy bar and double line is expanding upward again. The buy limit could be employed, stop loss is mandatory.

Today's Key Price Levels:
Key Support Levels: [142.60]
Key Resistance Levels: [147.50]
Pivot Points [144.00]
 

2. Gold Analysis:

News Summary:
On Thursday, the global gold market continued to perform well. Driven by the weakening of the US dollar and market expectations for interest rate cuts by the Federal Reserve, spot gold rebounded nearly 0.53%, just one step away from the record high of $2,531.60 set on August 20. While gold's long-term outlook remains strong, there is a risk of a pullback in the short term, especially if future data could undermine market expectations for a rate cut from the Federal Reserve.

Trend Analysis:
We can see gold H4 level fluctuated at high place and is still moving above the 48 hours moving average. In addition, the MACD double line and energy column has formed multiple top divergence contractions above the zero axis. The sell limit could be used depending on PCE result, stop loss is compulsory.

Today's Key Price Levels:
Key Support Levels: [2477]
Key Resistance Levels: [2552]
Pivot Points [2530]