On Thursday (August 13), the Nasdaq rose 1.35%, the S&P 500 edged up 0.75%, the Pound fell slightly by 0.06%, Gold dropped 1.33%, and US Crude Oil slid 1.73%. Following the release of the US Producer Price Index (PPI) monthly rate, price action across assets diverged: Gold moved lower, the Nasdaq and S&P 500 showed strength, while the Pound and US Crude Oil performed poorly. Today, market focus shifts to the US Retail Sales monthly rate, followed by the US Core Retail Sales monthly rate and the French Consumer Price Index (CPI) monthly rate.

Gold

Gold (XAUUSD) closed at 4,348.88 on Thursday, down 1.33% for the day, as precious metals underperformed. It hit a 20-session low during intraday trading and closed near the day’s lows, with selling pressure showing no signs of easing. The 5-day moving average (4,370.99) continues to act as overhead resistance, with the closing price remaining below this line. To the upside, watch 4,450.00 (psychological level, previous day’s high of 4,441.35), while downside support is seen at 4,300.00 (psychological level, 38.2% Fibonacci level). Tonight’s market focus is on the US Retail Sales monthly rate: if the data is positive, it will favor the US Dollar and Gold may come under pressure again, at which point focus should be on the defense of downside support.

Gold (XAUUSD) · Daily · 2026-08-13

If 4,300.00 is further surrendered, short-term corrective pressure will increase; only a reclaim of 4,450.00 would improve the current weak technical structure.

Key Levels: 4,450.00 Resistance | 4,300.00 Support

GBP

The Pound (GBPUSD) closed at 1.34849 on Thursday, down slightly by 0.06%, underperforming relative to the US Dollar. The pair has now closed lower for three consecutive sessions. While the 10-day moving average has not yet been breached, the price retraced to the 29th percentile of the daily range by the close. To the upside, watch 1.35500 (psychological level, previous day’s high of 1.35451), with downside support at 1.34000 (psychological level, 10-day low). MACD bars continue to narrow, indicating a slowdown in short-term momentum.

Pound (GBPUSD) · Daily · 2026-08-13

If it fails to break back above 1.35500, the short-term weak structure is likely to persist.

Key Levels: 1.35500 Resistance | 1.34000 Support

Nasdaq

The Nasdaq (NAS100) closed at 30,129.0 on Thursday, up 1.35%. Buying volume increased moderately starting in the afternoon session, hitting a 20-session high and closing near the daily high, with bulls maintaining control throughout the day. Price has moved above the 5-day moving average (29,765.0). To the upside, watch 30188.5 (daily high, 10-day high), while downside support is at 29500.0 (psychological level, previous day low of 29,540.5).

Nasdaq (NAS100) · Daily · 2026-08-13

A valid breakout above 30188.5 could further open up the upside.

Key Levels: 30188.5 Resistance | 29500.0 Support

US Oil

US Oil (USOIL) closed at 81.255 on Thursday, down 1.73%, as technical correction pressure gradually increases. The 5-day moving average (81.409) remains an overhead resistance, with the closing price below this line. To the upside, watch 86.000 (psychological level, 10-day high), while downside support is at 79.000 (psychological level, daily low). MACD histograms have narrowed consecutively, indicating slowing short-term momentum.

US Oil (USOIL) · Daily · 2026-08-13

If it fails to reclaim 86.000, the short-term weak structure may persist.

Key Levels: 86.000 Resistance | 79.000 Support

S&P500

The S&P 500 (SP500) closed at 7,811.3 on Thursday, up slightly by 0.75%, remaining steady without major movement. It hit a 20-session high during the day and closed near the daily high, with bulls in control. The 5-day moving average (7,764.8) has been reclaimed, with the closing price sitting above it. To the upside, watch 7824.5 (daily high, 10-day high), while downside support is at 7700.0 (psychological level, 23.6% Fibonacci). MACD histograms have narrowed consecutively, indicating slowing short-term momentum.

S&P 500 (SP500) · Daily · 2026-08-13

A valid breakout above 7824.5 could further open up the upside.

Key Levels: 7824.5 Resistance | 7700.0 Support

So far this week, US Oil is up 5.18%, the Nasdaq is up 1.34%, Gold is up 0.46%, and the Pound is down slightly by 0.03%.

Gold’s trading range this week has been 4,313.42 – 4,449.72, with the current close situated in the middle of the range.

From a medium-term perspective, Gold is currently below the 20-week moving average (4,395.56, approx. five months) but remains above the 100-week moving average (approx. two years), suggesting the medium-term structure is under some pressure.

Economic Data Review and Outlook

Overnight Data

US Producer Price Index (PPI) m/m recorded 0.0%, lower than expected (previous value revised from -0.3%); US Initial Jobless Claims recorded 209K, lower than expected (previous value revised from 199K); UK GDP m/m recorded 0.3%, higher than expected (previous value revised from -0.1%); UK GDP q/q recorded 0.4%, higher than expected.

Today’s Focus

Today, the market first focuses on US Retail Sales m/m.

US Retail Sales m/m ★★★: Forecast 0.0% | Previous 0.2%

US Core Retail Sales m/m ★★★: Forecast 0.1% | Previous -0.2%

If US Retail Sales m/m deviates significantly from expectations, it will directly impact market pricing of the Fed’s policy path; the USD and Gold are expected to be the first to react, and major non-USD currencies will also be affected.

Note: All times above are server time; tick volume data is not provided. Market volatility may increase; please pay attention to position sizing and risk management. Server time will automatically adjust based on US Daylight Saving Time: GMT+3 during DST and GMT+2 during Standard Time.