Currently, EUR/USD is fluctuating between the support level of 1.10879 and resistance at 1.12101, with the 34 and 89 EMAs acting as dynamic support at 1.11492 and 1.11302. The RSI indicator is at 41.11, indicating that the market has not entered the oversold zone but shows potential for recovery. If the price holds above this support and breaks through the...
The USD/JPY chart is painting an intriguing picture of a tense battle between buyers and sellers. Currently, the price hovers around $142.582, with solid protection from the $141.682 support level. This is the final "shield" preventing deeper declines. However, all eyes are on the key resistance level at $145.938. If the bulls muster enough strength to break...
The XAU/USD chart shows gold prices at $2,658.550, with strong support at $2,625.883. The EMA 34 and EMA 89 lines at $2,643.962 and $2,599.944 respectively, are providing support for the upward trend. The key resistance level at $2,681.255 must be broken for gold to continue its upward momentum. If unable to hold, prices may correct back to $2,625.883. With an...
The XAU/USD chart reveals a dramatic battle as gold prices hover around $2,662.280. Two key levels are driving the market: a strong support at $2,650.230 and a solid resistance at $2,680.131. The shields from the EMA 34 at $2,659 and EMA 89 at $2,630.839 are playing a critical role in maintaining gold’s upward momentum, preventing deeper declines. However,...