Today’s bullish breakout outlook highlights decisive moves across major assets. Gold and silver are retesting critical resistance levels, while EURUSD and GBPUSD extend gains into overbought territory. This bullish breakout outlook explores whether momentum can sustain or if a near-term pullback is on the horizon.
XAGUSD (Silver/USD)
🥈 Silver Eyes $34.21 – Momentum Builds Above $33.37
Silver presses $33.81 after clearing $33.37. RSI > 62 supports upside; $34.21 is the next key resistance. Support holds at $32.84.
XAG/USD (Silver) is pressing into the $33.81 resistance zone after breaking above the $33.37 horizontal barrier, with support now formed at $32.84. Price action remains bullish as the market targets the yearly high at $34.21. RSI is holding above 62, indicating solid bullish momentum without entering overbought territory. Stochastic oscillator remains neutral to slightly bullish, aligning with continued upside potential. A confirmed breakout above $34.21 would signal the start of a new bullish leg, while holding $32.84 remains key to the current structure.
XAUUSD (Gold/USD)
🥇 Gold Reclaims $3,289 – Resistance at $3,357 in Focus
Gold retests $3,357 after reclaiming $3,289. RSI near 63 supports bullish momentum. Breakout may target highs; failure risks pullback to $3,245.
XAU/USD (Gold) has rallied back toward the $3,357 resistance zone after reclaiming the $3,289 level, suggesting potential for bullish continuation. Key support lies at $3,245 and $3,148 below. RSI is holding near 63, reflecting strong bullish momentum without overbought conditions. The stochastic oscillator is neutral, showing no bearish divergence. A confirmed breakout above $3,357 would open the door for a retest of all-time highs. However, rejection at this level could trigger a pullback toward $3,245.
GBPUSD
💷 GBP/USD Breaks 1.3476 – Eyes on 1.36 and Beyond
GBP/USD extends rally above 1.3476. RSI at 78.14 signals overbought but trend remains strong. Next target at 1.36–1.37; watch for possible retest.
GBP/USD has broken decisively above the 1.3476 resistance level, continuing its uptrend from the 1.3290 base and confirming bullish market sentiment. The pair now targets the 1.36 level, with room to advance toward 1.37 if momentum holds. RSI is elevated at 78.14, signaling overbought conditions and potential for short-term pullback. The stochastic oscillator also shows an extended bullish move. A retracement to retest 1.3476 could occur before continuation, but overall momentum remains clearly in favor of the bulls.
EURUSD
💶 EUR/USD Targets 1.15 – Breakout Momentum Holds
EUR/USD reclaims 1.1305–1.1407 and eyes 1.1473. RSI at 71.41 signals overbought, but bullish trend persists. Breakout may draw trend buyers.
EUR/USD is advancing toward the 1.1473 resistance after reclaiming the previously capped 1.1305–1.1407 range. Price action signals a confirmed breakout from the recent consolidation zone, with momentum favoring continuation toward the 1.1500 level. RSI stands at 71.41, reflecting overbought conditions, though not yet suggesting reversal. The stochastic oscillator remains flat and elevated, showing persistent bullish control. A breakout above 1.1473 would likely trigger additional upside interest from trend-following participants.
Tags:
Leave A Comment