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<\/figure>\n\n\n\nThe Nikkei 225 (J225) closed firmer on Wednesday, settling at 68,522.5, markedly higher by 2.01% on the day, printing a fresh 10-day high along the way. The session lacked a single macro driver, leaving technicals in charge. Initial resistance sits at 69000 (round-number handle), with support eyed at 66,797.30 (the 5-day moving average). Near term, the upper Bollinger band keeps getting tested, with buyers in control; watch whether the 69000 handle gives way. On the daily chart, the RSI reads 60, neutral-to-firm, with momentum intact. Overall, the upside structure is intact and sentiment leans constructive, though upside stays capped until the 69000 handle clears decisively. <\/p>\n\n\n\n Key Levels <\/p>\n\n\n\n XAUUSD \u2014 resistance 4,422.96 (the upper Bollinger band) \/ 4,435.13 (10-day high); support 4,362.06 (the 5-day moving average) \/ 4300 (round-number handle) <\/p>\n\n\n\n J225 \u2014 resistance 69000 (round-number handle); support 66,797.30 (the 5-day moving average) \/ 65,520.50 (the 10-day moving average) <\/p>\n\n\n\n XAGUSD \u2014 resistance 65.673 (the upper Bollinger band) \/ 66.473 (10-day high); support 64.372 (the 5-day moving average) \/ 65 (round-number handle) <\/p>\n\n\n\n Economic Calendar Recap & Preview <\/p>\n\n\n\n Today’s focus: USD PPI m\/m at 08:30 EDT (U.S. Eastern) <\/p>\n\n\n\n Why it matters: to confirm the U.S. inflation path and, with it, the outlook for the dollar and rates <\/p>\n\n\n\n Market consensus: forecast 0.5%, prior -0.3% <\/p>\n\n\n\n What to watch: The market’s focus is USD PPI m\/m \u2014 firm data would favour the dollar and put gold back on the defensive, with the 5-day moving average at 4,362.06 the support to watch. For now, though, until a fresh driver lands gold is more likely to keep digesting inside its range. <\/p>\n\n\n\n On the data front, JPY BoJ L Money Stock y\/y printed 4.4% (prior 4.5%, forecast 5.1%), below forecasts; USD CPI m\/m printed 0.1% (prior -0.4%, forecast 0.2%), below forecasts; USD Core CPI m\/m printed 0.2% (prior 0.0%, forecast 0.2%), in line with forecasts; USD CPI y\/y printed 3.4% (prior 3.5%, forecast 2.7%), above forecasts. Looking to the next 24 hours (Thu 13 Aug 2026), the high-impact calendar carries USD PPI m\/m at 08:30 EDT (U.S. Eastern) (forecast 0.5%, prior -0.3%) \u2014 likely to steer the dollar, gold and U.S. equity indices near-term; USD Initial Jobless Claims at 08:30 EDT (U.S. Eastern) (forecast 213K, prior 199K); USD 30-Year Bond Auction at 13:00 EDT (U.S. Eastern) (prior 5.058%). <\/p>\n\n\n\n Volatility alert: silver’s daily range ran to about 172% of its ATR \u2014 swings are running hot, so mind the risk. <\/p>\n\n\n\n Tick-volume data are not provided. Volatility can pick up quickly \u2014 please mind position sizing and risk management. <\/p>\n\n\n\n This report is dated by its publication day (China time) and recaps the previous completed trading session. <\/p>\n\n\n\n Server time is set to GMT+3 during U.S. Daylight Saving Time and GMT+2 during U.S. Standard Time. <\/p>\n","protected":false},"excerpt":{"rendered":" Market Theme Major assets diverged, with no single theme in charge. On the data front, JPY BoJ L Money Stock y\/y printed 4.4%, below forecasts. The dollar index was little changed; gold rose modestly 0.69%; U.S. indices mixed (the Nasdaq 100 bounced 0.96%); in Europe the DAX showed no meaningful move, the FTSE 100 traded […]<\/p>\n","protected":false},"author":17,"featured_media":0,"template":"","class_list":["post-37189","market-overview","type-market-overview","status-publish","hentry"],"acf":[],"yoast_head":"\n![\"\"](\"https:\/\/www.ad-fx.com\/wp-content\/uploads\/2026\/08\/image-88.png\")
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