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The rebound in EUR/USD appears to be stalling ahead of the former support zone around the July low (0.9952) as it struggles to extend the series of higher highs and lows from last week.
EUR/USD appears to be responding to the former support zone around the May low (1.0349) as it fails to extend the series of higher highs and lows from earlier this week.
NZD/USD may stage another run at the former support zone around the December low (0.6701) as it appears to be extending the series of higher highs and lows from earlier this week.
Gold Price Forecast: Key Test as Price Rebounds to Former Support - Levels for XAU/USD Advertisement Gold Price Outlook: Gold prices have rallied sharply in recent days, but they’re not in the clear just yet. Gold prices are struggling to climb back above their daily 5-, 8-, 13-, and 21-EMA envelope, which remains in bearish sequential order. According to the IG Client Sentiment Index, gold prices have a mixed bias. Gold Prices Bounce, but is it Believable? Gold prices lost key technical support last week, but bulls aren’t ready to throw in the towel just yet. With US ...