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Gold Declines Until the End of the SessionHello everyone, what do you think about the trend of OANDA:XAUUSD ? Gold continues its downward trend into the close of the session, currently settling at 3,335 USD and moving near the final support zone . The precious metal remains under pressure as the US Producer Price Index (PPI) rose by 0.9% in July. From a technical perspective, the recent news continues to act as a barrier for XAUUSD, with the price moving below both the EMA 34 and EMA 89 and being limited by the trendline. The price wedge is pushing gold down towards lower price zones, and as mentioned, gold is now testing the final support level (in the short term). If this level continues to break, the next target for sellers could be the round level of 3,300 USD. What do you think about the trend of XAUUSD? Leave your thoughts in the comments!
OANDA:XAUUSDShort
by Kevinn_Nguyen
10
EURUSD – Eyes on the 1.177 Resistance for the Next Big MoveHello everyone, let’s talk about FX:EURUSD ! EURUSD is currently trading around 1.1660 after a steady recovery from multiple support levels, with the key support near 1.1557. The pair’s previous sharp decline started exactly at the 1.177 resistance level, making this zone a crucial reference point for traders in the coming sessions. From a technical perspective, the market is showing short-term bullish momentum, supported by price holding above the moving averages. However, the 1.177 zone remains a strong resistance, where sellers previously regained control and triggered a significant drop. If price climbs back into this area, it’s important to watch for potential rejection signals. A confirmed bearish reversal from 1.177 could present a great opportunity for those looking to sell. What about you? What’s your view on EURUSD?
by Kevinn_Nguyen
7