Range Pressure and Key Zone Rejections Dominate Movements

XAGUSD

📉 Silver Range-Bound Below $32.91 – Momentum Fades

XAG/USD stuck between $32.08 and $32.91. RSI near 45–48 shows weak momentum. Failure to reclaim $32.50 may lead to further consolidation or downside.

Silver is trading within a horizontal range, with support near $32.08 and resistance around $32.91. Despite several attempts, price action has failed to decisively break above the upper resistance zone, indicating potential exhaustion in bullish momentum. The inability to hold above the $32.40–$32.50 level adds to a short-term neutral-to-bearish outlook. RSI hovers in the 45–48 zone, reflecting weak momentum and no signs of bullish divergence. Unless buyers reclaim $32.91, silver may remain in consolidation or drift lower toward support.

XAUUSD

⚠️ Gold Rebound Faces Resistance at $3,245 – Bulls Still Weak

Gold recovers toward $3,245 but lacks strength. RSI remains below 50; rejection could send price back to $3,148 or $3,056.

Gold is attempting to recover after a sharp drop toward the $3,148 support area. A recent rebound has brought the price back into the $3,217–$3,245 resistance zone, which coincides with the Ichimoku cloud and a prior supply region. However, this recovery lacks strong bullish follow-through, signaling hesitation among buyers. RSI remains below the 50 level and has not formed a clear reversal pattern. A rejection from current levels could lead to another move lower toward $3,148 or even $3,056. Only a confirmed breakout above $3,245—and ideally $3,331—would shift short-term bias back in favor of bulls.

AUDUSD

⚖️ AUD/USD Trapped Between 0.64 Support and 0.65 Resistance

AUD/USD trades sideways above 0.6400. RSI near 50 shows market indecision. Break above 0.6500 or below 0.6388 could set the next direction.

AUD/USD is trading just above the 0.6400 zone after bouncing from the 0.6397–0.6388 support cluster. While this level has repeatedly held as support, upward moves remain capped by the 0.6477–0.6500 resistance zone. Price action is tightly consolidating within the Ichimoku cloud, suggesting indecision. RSI hovers near the neutral 50 mark, reflecting a balanced sentiment without clear directional bias. A breakout above 0.6500 could fuel bullish continuation toward 0.6550 and higher, while a drop below 0.6388 could trigger downside acceleration toward 0.6352 and 0.6184.

EURGBP

🔻 EUR/GBP Under Pressure – 0.8400 Retest Critical

EUR/GBP retests 0.8400 amid a bearish trend. RSI near 38 confirms weakness. Breakdown risks 0.8317; bulls need reclaim of 0.8450 to recover.

EUR/GBP continues to face consistent bearish pressure, forming a clear descending structure since early April. The pair is now retesting the 0.8400–0.8411 zone, a key level that has served as both support and resistance in previous sessions. A failure to hold this zone could lead to a drop toward the next major demand area at 0.8317. RSI remains weak in the 38–40 range, reinforcing the prevailing bearish momentum. For bulls to regain control, price must reclaim the 0.8450 level and break above the descending Ichimoku cloud.