XAUUSD 90% CONFIRM ANALYSISDiscover an enticing Selling opportunity in GOLD as it undergoes a critical retest of a key resistance area. With market analysis, technical indicators, and price action as your allies, evaluate the potential downside move. Stay vigilant and informed to capitalize on this precious metal's market dynamics.
Confirm
Xauusd Up Gold stabilizes near $2,030, eyes on FOMC Minutes
Gold clings to marginal daily gains at around $2,030 on Wednesday after closing the first two days of the week in positive territory. The benchmark 10-year US Treasury bond yield edges lower ahead of FOMC Minutes, helping XAU/USD hold its ground.
From a technical perspective, sustained strength and acceptance above the 50-day SMA will set the stage for an extension of the recent recovery from the $1,984 region, or a two-month low touched last week. Given that oscillators on the daily chart have been gaining positive traction, the Gold price might then accelerate the positive move towards an intermediate hurdle near the $2,044-2,045 region en route to the $2,065 supply zone.
Gold now 2028
Target 2032
Target 2036
Target 2050
Target 2059
SL 2015
FOMC signal confirm
EURUSD Sell Confirm The EUR/USD pair picked up some momentum ahead of the daily close but remains below the 1.0800 threshold. From a technical point of view, the daily chart shows that EUR/USD remains below its moving averages, with a bearish 20 Simple Moving Average (SMA) about to cross below the 100 SMA, both converging in the 1.0790 price zone. At the same time, technical indicators stand pat within negative levels, suggesting buyers are out of the picture.
EUR/USD flattens in holiday Monday markets, investors look ahead to late-week European PMIs
Confirm signal Sell
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