Gold King Forex
Gold King Forex

Gold King Forex

@goldkingforex

EUR/USD Technical Analysis (Short)

EUR/USD has made a fresh one-week high and is holding above $1.1596 support, forming a higher low and showing mild bullish bias. However, momentum is slowing as price consolidates.

Resistance remains at $1.1623, which has not yet been tested. The market is currently quiet as traders wait for the upcoming Fed meeting, limiting strong moves.

As long as $1.1596 holds, buyers still have control, but expect range movement and quick swings rather than strong trends for now.

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Gold Attempts to Shake Off Bearish Pressure – Analysis

Gold posted strong gains during recent intraday trading, pushing toward the key resistance level at $4,300 while attempting to overcome the negative pressure imposed by the EMA50. This area remains crucial in determining the next short-term direction, whether through extending the current recovery or resuming selling pressure.

The rise is supported by a strong corrective uptrend in the short term, alongside improving relative strength indicators that have begun to generate positive signals after easing from previous overbought conditions. This may provide addition

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