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GBPUSD Holds Near Sharp Losses

The GBPUSD pair remains under pressure after a series of consecutive losses in recent intraday trading. Negative momentum continues as the pair trades below EMA50, while an earlier break below a short-term ascending trendline reinforced seller dominance and weakened the overall technical outlook.

On the other hand, relative strength indicators started to show a bullish crossover after reaching deeply oversold levels. This development has helped slow the recent decline and may support limited corrective rebounds as the pair works off some of its oversold conditions.

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🚨 Gold is sitting at a critical support zone ahead of this week's US CPI report.

Will XAUUSD rebound toward 4,382, or will sellers push prices toward the 4,120 demand zone?

👉 Read the full analysis and discover the key levels every trader should watch this week here 👉 https://cutt.ly/6t2GeO3j

🔴 XAUUSD SELL @ 4292.45

✅ Entry: 4292.03
🎯 TP1: 4276.70
🎯 TP2: 4260.00
🛑 SL: 4310.18

Risk-to-Reward:

TP1: ~1:1
TP2: ~1:1.8

Short Technical Analysis:

Market structure remains bearish with clear lower highs and lower lows.
Price recently broke below key support, confirming seller dominance.
Any retracement is likely to face selling pressure below 4310.
Momentum still favors downside continuation toward the next liquidity zone.

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✔ Use proper lot size
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GBP/USD trades lower at around 1.3330 with a bearish near-term bias, holding beneath the 20-day Exponential Moving Average (EMA) at 1.3434. The overall trend appears to be sideways amid a Symmetrical Triangle formation.

The pair has slipped away from its recent consolidation highs, and the Relative Strength Index (RSI) near 38 hints at building downside pressure rather than an imminent recovery while price remains capped by these overhead levels.

On the topside, initial resistance is located at the 20-day EMA at 1.3434, with a break above that exposing the descending resistance trend line near 1.3585 as the next hurdle.

EURUSD Begins To Ease Its Oversold Conditions

The EURUSD pair rose slightly in recent intraday trading, attempting to recover part of last week’s losses and to regain positive momentum after a period of selling pressure that weighed on its performance.

At the same time, relative strength indicators have begun showing signs of improvement, with a bullish crossover emerging after reaching oversold levels, supporting the current rebound attempts. However, negative pressure remains due to the pair continuing to trade below EMA50, reinforcing the short-term bearish trend and limiting the likelihood of a meaningful recovery.

Crude oil posted a strong rebound in recent intraday trading after successfully holding above the $88.70 support level. This stability provided positive momentum, allowing prices to recover part of their previous losses. Read More https://web.telegram.org/k/#@gold_tradingrobots

Gold (XAU/USD) drops to its lowest level since March 23 during the Asian session on Monday and now seems to have found acceptance below a technically significant 200-day Simple Moving Average (SMA). Renewed hostilities in the Gulf push Crude Oil prices higher, fanning inflationary concerns and bolstering bets for more hawkish central banks. This, in turn, is seen as a key factor undermining demand for the non-yielding bullion. Bearish traders, however, await acceptance below the $4,300 mark before placing fresh bets amid subdued US Dollar (USD) price action.