Technical outlook for today highlights key resistance and support zones in major currency pairs and precious metals. This technical outlook covers breakout potential in gold and silver, while EUR/USD and GBP/USD approach critical price thresholds with shifting momentum signals.
XAGUSD (Silver Analysis)
Silver Consolidates Near $32.20 – Breakout or Breakdown Ahead?
Silver trades in a tight range near $32.20. RSI near 45 and bearish Supertrend hint at indecision. Break below $32.20 = $31.50; above $32.91 = $34.21.
Silver (XAG/USD) continues to consolidate near the $32.20 level, stuck between resistance at $32.91–$33.37 and support around $32.32–$32.20. Despite repeated tests, the price has failed to break above the $32.91 barrier. The Supertrend indicator now flashes bearish, reflecting growing downside risk. If $32.20 gives way, the next support target lies at $31.50. Conversely, a decisive breakout above $32.91 could open the path toward the $33.37–$34.21 resistance corridor. RSI remains neutral near 45, suggesting a lack of momentum in either direction.
XAUUSD (Gold Analysis)
Gold Tests $3,217 – Bulls on the Defensive Below $3,245
Gold trades below $3,245 with bearish Supertrend and RSI at 48. Break below $3,217 may target $3,148 or $3,056; rebound eyes $3,357.
Gold (XAU/USD) has pulled back after failing to hold above the $3,245 resistance and is now testing the $3,217 support level. Price action remains corrective beneath the $3,245–$3,357 supply zone, with no clear bullish momentum yet. The Supertrend indicator stays bearish, while the RSI hovers around 48, signaling indecision. A confirmed breakdown below $3,217 could expose $3,148 and $3,056 as next downside targets. Alternatively, a bounce from the current level followed by a reclaim of $3,245 may initiate a renewed push toward $3,357.
GBPUSD (British Pound / US Dollar Analysis)
GBP/USD Breaks Above $1.3312 – Bullish Momentum Builds
GBP/USD clears $1.3312 with bullish Supertrend and RSI above 60. Holding above this zone may target $1.3400+; failure risks a return to range.
GBP/USD has broken above the $1.3312 resistance, moving toward the upper boundary of the recent range near $1.3360. The price structure now shows a bullish bias, confirmed by a green Supertrend and RSI rising above 60, both indicating strengthening upward momentum. If this breakout holds, the pair could extend gains toward resistance levels above $1.3400. However, if GBP/USD fails to maintain support above $1.3312, the price may slide back into the consolidation range between $1.3312 and $1.3290.
EURUSD (Euro / US Dollar Analysis)
EUR/USD Eyes Breakout at $1.1260 – Can Bulls Push Through?
EUR/USD trades near $1.1260 resistance. RSI at 56 and bullish Supertrend hint at upside potential, but failure may keep price in range.
EUR/USD is currently trading just below the key resistance level at $1.1260, attempting to break out from a mid-term consolidation range. The price remains supported above the Supertrend base, indicating moderate bullish control. RSI stands at 56, reinforcing the bullish tilt. A successful breakout above $1.1260 could accelerate gains toward the $1.1400–$1.1470 resistance zone. On the other hand, rejection at this level would keep EUR/USD confined within the $1.1260–$1.1155 range, with rising downside risk if support fails.
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