Consolidation Phase Across Major Assets

GBPUSD

GBP/USD Pulls Back Below 1.3425 – Momentum Wanes

GBP/USD weakens below 1.3425. Breakout may signal trend continuation, but drop under 1.3200 risks a retreat toward 1.2939 support.

GBP/USD is showing signs of exhaustion after a robust upward movement, failing to sustain above the key 1.3425 resistance level. Currently consolidating near 1.3286, the pair is facing declining momentum, as reflected by the RSI slipping below the 50 mark. Meanwhile, Ichimoku cloud zones are offering both support and resistance, further highlighting market indecision. Should the price break above 1.3425, it could resume its upward trend. Conversely, a drop below 1.3200 may open the path toward a deeper retracement targeting the 1.2939 support level.

BRENT

Brent Crude Awaits Breakout from 66–68.70 Range

Brent Crude stuck near $66.64. Breakout above $68.70 may trigger rally; drop below $66 could target $64.

Brent crude oil is tightly range-bound between $66.00 and $68.70, struggling to establish clear direction following its earlier drop from the rising channel. Hovering around $66.64, price action remains subdued, with muted RSI and narrow candles underscoring low volatility. A breakout above the $68.70 ceiling may ignite bullish momentum and extend gains. However, a breach below $66.00 risks retesting the $64.00 support zone. Until then, sideways movement may persist.

XAGUSD (Silver)

Silver Near $33.50 – Breakout or Pullback Ahead?

Silver stalls near 33.50. Breakout above 33.52 could hit 34+; rejection may spark correction to 32.55–31.36.

Silver (XAG/USD) remains in a consolidation phase just below the 33.50 resistance, hovering within the 33.10–33.52 band after rebounding from the 30.83 low. Despite maintaining a bullish posture above cloud support, the emergence of bearish RSI divergence signals caution. If the metal breaks and closes above 33.52, bulls may drive prices toward the 34+ zone. On the flip side, failure to break out could prompt a pullback toward 32.55, or even 31.36 in the case of extended weakness.

XAUUSD (Gold)

Gold Capped Below $3,358 – Breakout or Consolidation?

Gold ranges between $3,167–$3,357. Breakout above $3,357 could test new highs, while failure may lead to $3,167 or $3,087 pullback.

Gold (XAU/USD) is consolidating in a narrow channel between $3,167 and $3,357 after its rally from the $2,960–$3,058 support zone. Price action shows upper-wick rejection near resistance, with RSI flattening and pointing downward—hinting at fading bullish pressure. A successful breakout above $3,357 could open the way to fresh highs. However, if this level remains intact, a corrective move toward $3,167 or $3,087 is likely before further upside attempts.