Mixed Momentum in Majors and Metals

GBPUSD Analysis

GBPUSD Near Major Forex Levels – Breakout or Pullback?

GBPUSD stalls near 1.3500 after rejection from 1.3541. Bullish structure intact, but a pullback toward 1.3425 is possible unless 1.3541 is reclaimed.

GBPUSD is currently consolidating just below the 1.3500 level after failing to sustain above the 1.35410 resistance zone. Price is holding above the 1.34811 intraday support but lacks strong momentum to retest recent highs. Earlier bullish defense at 1.34257 remains significant, yet fading upside signals a potential short-term pullback. The RSI, hovering below 50, reflects neutral sentiment and waning momentum. Unless price reclaims 1.35410 with strong volume, a retracement toward 1.34257 could unfold. The broader forex market analysis still favors a bullish outlook, but caution is warranted in the near term.

EURUSD Analysis

EUR/USD Eyes Breakout Above Key Resistance

EURUSD attempts breakout above 1.13497–1.13663. A close above 1.14073 confirms upside, while failure may lead to a pullback toward 1.1300.

EURUSD is attempting a breakout above the 1.13497–1.13663 resistance zone after rebounding from key support at 1.12624. This mid-range level has been pivotal throughout May’s consolidation. A decisive candle close above 1.14073 would confirm bullish continuation, opening the path toward higher targets. The RSI has climbed above 50, signaling rising bullish momentum, although conditions remain far from overbought. Failure to hold above current resistance could result in a retracement toward the 1.13000 region, aligning with the midpoint of recent structure. The broader forex market analysis still favors an upside bias if bullish pressure sustains.

XAGUSD Analysis

Silver Trapped Between Key Levels

XAGUSD struggles under 33.66 resistance. Rangebound between 32.08 and 33.66 with breakout targets at 34.50 or 29.70 depending on direction.

XAGUSD remains confined within a well-defined consolidation zone, trading between 32.08 and the resistance cluster at 33.52–33.66. This supply zone continues to cap bullish attempts, with sellers defending it firmly. While the RSI is showing higher lows—suggesting some underlying demand—it remains below 50, signaling market indecision. A decisive breakout above 33.66 could trigger a rally toward 34.50, whereas a breakdown below 32.08 risks exposing the broader support zone near 29.70. Until a directional bias emerges, the forex market structure supports range-trading strategies for short-term setups.

XAUUSD Analysis

Gold (XAUUSD) Battles Supply at Major Forex Levels

XAUUSD tests resistance at 3,358. Breakout may target 3,480, while rejection risks a drop toward 3,257 or 3,165 amid neutral RSI.

XAUUSD is approaching the 3,342–3,358 resistance zone after rebounding from the 3,289 support. This area has acted as a major supply barrier throughout May, rejecting multiple bullish advances. The RSI has recovered to 55, indicating improving sentiment, but remains within a neutral range. A confirmed breakout above 3,358 could ignite fresh upside toward the broader resistance at 3,480. However, a failure here may send gold lower, with 3,257 and 3,165 as potential downside targets. Overall, the gold price action is sideways with a bullish bias, awaiting confirmation for the next leg.