Gold ATH Breakout: Bullish Momentum Continues Towards $3,050

XAU/USD (Gold vs US Dollar)

Gold Breaks Out – Can It Hold Above $3,000?

Gold surges past $2,980, now testing the key $3,000 level. Holding above could target $3,050, while rejection may trigger a pullback to $2,960.

Gold has surged past $2,980, confirming a bullish breakout and now testing the crucial $3,000 psychological resistance. If buyers sustain momentum above this level, the next target is $3,050. However, a rejection at $3,000 could trigger a pullback toward previous resistance-turned-support at $2,960. The rising trading volume indicates strong bullish interest, but a clear breakout confirmation is still needed to validate further upside.

Key Levels:

• Resistance: $3,000, $3,050
• Support: $2,960, $2,830

XAG/USD (Silver vs US Dollar)

Silver Surges Past $34 – Is $35 Next?

Silver breaks above $33.22, now trading over $34.00! Strong momentum could push it toward $35.00, while $32.99 acts as key support on pullbacks.

Silver has successfully broken above the $33.22 resistance, now trading above $34.00, signaling continued bullish momentum. This breakout is backed by strong buying pressure, increasing the likelihood of further upside toward the next major target at $35.00. If the price pulls back, $32.99 should now act as new support. However, failure to hold above this level could lead to a deeper correction, potentially weakening the current bullish trend. Traders are watching for sustained momentum to confirm further gains.

Key Levels:

• Resistance: $35.00
• Support: $32.99, $33.22

BTC/USDT (Bitcoin vs Tether)

Bitcoin Tests $84K – Breakout or Rejection?

Bitcoin tests $84K resistance after bouncing from $80K. A breakout could push it to $86K, while rejection may lead to a retest of $80K or $78,262.

Bitcoin is currently testing the $84,000 resistance level after bouncing from $80,000 support, signaling strong buyer interest at lower levels. However, for the bullish momentum to continue, BTC needs a clean breakout above $84,000, which could open the door for a rally toward $86,000. If the price faces rejection at this level, a pullback toward $80,000 or even the critical support at $78,262 could be in play. The volume profile shows increasing trading activity, suggesting heightened volatility in the coming sessions.

Key Levels:

• Resistance: $84,000
• Support: $80,000
• Critical Support: $78,262

USD/JPY (US Dollar vs Japanese Yen)

USD/JPY Tests 149.00 – Breakout or Reversal?

USD/JPY struggles at 148.90-149.00 resistance. A breakout could target 152.00, while rejection may lead to a pullback toward 147.50 or 146.00.

USD/JPY is testing the 148.90-149.00 resistance zone but struggling to break higher, signaling potential seller pressure. If sellers defend this level, a pullback toward 147.50 or even 146.00 could be on the cards. However, a strong breakout above 149.00 could trigger bullish momentum, pushing the pair toward the long-term resistance at 152.00. The recent bullish trend suggests buyers are active, but confirmation above 149.00 is needed to validate further upside.

Key Levels:

• Resistance: 149.00, 152.00
• Support: 147.50, 146.00

EUR/USD (Euro vs US Dollar)

EUR/USD Eyes Breakout – Can It Hold Above 1.0960?

EUR/USD bounces from 1.0784 support, gaining momentum. A breakout above 1.0960 could target 1.1000, while failure may lead to a retest of support.

EUR/USD continues to trade within a well-defined range, with support at 1.0784 and resistance near 1.0960. The latest price action indicates a bullish bounce from support, accompanied by rising volume, suggesting stronger buying interest. If the pair breaks above 1.0960, an extended rally toward 1.1000 could be in play. However, failure to sustain above the mid-range level at 1.0880 could trigger a pullback toward 1.0784 support. Market participants are watching for a decisive move to confirm the next trend direction.

Key Levels:

• Resistance: 1.0960
• Support: 1.0784
• Mid-level: 1.0880