Good morning. In 1923, the German mark experienced one of the worst cases of hyperinflation in history, prices doubled every few days, and people needed wheelbarrows of cash just to buy bread.

It’s a stark reminder of why currency stability is everything in markets.

-Jonathan Kibbler, Shaun A, Jordon Mellor

MARKETS

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How to Make MT5 Look (and Feel) More Like TradingView

Light vs Dark Mode – Finally

One of the biggest complaints about MetaTrader has always been the dated look. With the new update, MT5 now lets you switch between light and dark mode. It’s a small change, but it instantly makes the platform feel a lot more modern. If you’ve been staring at those old grey charts for years, flipping to dark mode feels like a much-needed upgrade.

To set this up go to View → Color Themes → System, Light or Dark.

Try the Dark theme, it looks pretty good.

I 100% prefer dark mode on anything these days, so for me this is a welcomed update.

Market Watch on the Right (TradingView Style)

This one’s a game-changer for anyone who prefers the TradingView layout.

MT5 now lets you move the market watch list to the right-hand side of your screen. You can also arrange it alphabetically or by percentage change (as per usual).

Is it as customisable as TradingView? Not yet. But at least MT5 is finally heading in the right direction.

To achieve this look, open the market watch list on the left hand side (this is default).

Click, hold and drag on the toolbar of the Market Watch and drag it over to the right hand side. Hover over the box with an arrow right and it should highlight this blue box. Let go and it should connect.

Taking Trades: MT5 Still Wins

For me TradingView is still superior when it comes to analysing markets. But when it comes to actually executing trades Metatrader 5 is still king.

MT5 keeps it simple and it is now super familiar to me when it comes to working out risk management and setting up which order type. But I guess that comes with experience.

MT5 isn’t TradingView just yet, but these updates are making it feel less clunky and more trader-friendly.

-Jonathan Kibbler

MARKET ANALYSIS

Gold Holds the Line at $3,315 Ahead of Powell

Gold couldn’t hold its shine for long. For the second straight session, XAU/USD is under pressure, sitting just above key support while traders wait for Fed Chair Jerome Powell to speak at Jackson Hole.

The setup is classic: the dollar’s firmer, yields are steady, and the market’s nervous about whether September really brings cuts. That mix has kept gold pinned, even after finding support last week at the 100-day moving average.

Here’s what you need to know and why it matters:

1. Fed Rate Cut Bets Trimmed Back

After last week’s hotter PPI data, markets scaled back calls for a big September cut. Kansas City Fed’s Schmid and Cleveland Fed’s Hammack both leaned cautious, saying policy should stay “modestly restrictive.” That tone helped the dollar keep its gains and capped gold’s bounce.

Cleveland Fed's Hammack does not see the case for a September rate cut
— #Kevin Gordon (#@KevRGordon)
3:12 PM • Aug 21, 2025

2. Mixed Signals From Fed Officials

Not all Fed voices are hawkish. Boston’s Collins hinted a September cut is still possible, while Chicago’s Goolsbee called the data “a pause point” but said the meeting is live. That split leaves traders waiting for Powell’s speech to lock in direction.

Boston Fed President Susan Collins opens the door to a September cut:

The Fed's rate stance was appropriate in July but the subsequent payroll figures were softer than expected. If data by the time of next month's meeting suggests more "risks of worsening labor market
— #Nick Timiraos (#@NickTimiraos)
10:07 PM • Aug 21, 2025

3. Jobs Data Adds Fuel to the Fire

Thursday’s Jobless Claims jumped to the highest in three months, with continuing claims at a near four-year high. That weak labor backdrop gave gold a floor, even as rate-cut odds sit around 73.3% for September according to FedWatch.

4. Technical Picture: $3,315 Is Key

Gold is holding just above $3,315 support, sitting on the edge of the range that’s capped the market since April. The 100-day SMA around $3,315 remains a critical pivot, with buyers defending this zone repeatedly.

A clean break under $3,315–$3,300 would expose the next downside levels near $3,265, where prior demand kicked in. Momentum is weakening, and repeated lower highs hint that bulls are losing control of the range.

On the upside, the key hurdle is $3,345–$3,350. A daily close above that band could revive momentum toward $3,375 and the well-watched $3,400 handle, keeping the broader consolidation alive.

Here’s the Takeaway

Gold’s fate this week hinges less on price levels and more on Powell’s tone at Jackson Hole. If the Fed chair leans cautious, rate-cut bets will strengthen and gold will find renewed support. If he stays firm against cuts, the metal could stay pressured.

For us traders, the message is simple: this isn’t a breakout yet, it’s a waiting game. Keep risk tight, stay flexible, and let Powell set the next big move.

-Shaun A

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