Gold (XAU/USD) Analysis:
Gold remains in a strong bullish trend, consolidating just below the $3,000 psychological resistance level. The recent breakout from the $2,930-$2,950 accumulation zone suggests continued upside potential. However, if gold fails to break above $3,000, a short-term pullback toward $2,970 or $2,940 is possible. The broader macroeconomic environment, including central bank policies and inflation concerns, continues to support higher gold prices.
GBP/USD Analysis:
GBP/USD continues its strong uptrend within a well-defined ascending channel. The price is testing the key resistance level around 1.2985, and a breakout above this level could trigger further upside movement. If rejected, a pullback towards the midline of the channel or 1.2790 support could be expected. The U.S. dollar’s performance, influenced by upcoming Fed meetings and macroeconomic data, will play a crucial role in the pair’s direction.
Apple (AAPL) Analysis:
Apple stock has broken below its major support at $220 and is now testing the next critical level around $211. The stock has been in a downtrend since its peak above $270, and a further decline toward the $198 support zone is possible if selling pressure continues. The recent broader tech sector weakness and potential macroeconomic headwinds may keep AAPL under pressure. A rebound from current levels would need strong bullish confirmation before considering a reversal.
Coffee Futures (RC1!) Analysis:
Robusta coffee futures are trading within a strong ascending channel, currently consolidating near the midline. The price remains supported above $5,350, and a breakout above $5,500 could extend gains toward the upper channel boundary near $6,000. However, a breakdown below $5,300 could lead to a retest of lower channel support around $4,900. Given the seasonality of coffee markets, supply and demand fluctuations will be key in determining the next move.
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