On the H1 chart, the market has broken below the 4,478 USD level and moved lower towards 4,422 USD. A corrective rebound towards 4,478 USD as a retest from below remains possible before another decline towards 4,250 USD. A subsequent recovery towards 4,390 USD may follow. The Stochastic oscillator supports this scenario, with the signal line below the 80 level and pointing downwards towards 20, indicating persistent downside pressure.

Conclusion
Gold remains vulnerable to further losses as elevated energy prices, geopolitical tensions, and expectations of tighter monetary policy continue to weigh on sentiment.

📈 GBPUSD | BUY LIMIT

🔹 Entry: 1.3380
⛔ SL: 1.3340
🎯 TP1: 1.3494
🎯 TP2: 1.3515

💡 Bullish setup. Looking to buy the dip at key support (1.338 for a potential continuation higher.

EUR/USD Chart Analysis
EUR/USD trades at 1.1615 amid a negative near-term tone, with bears eyeing the 1.1600 support area. The pair remains trading within the last two weeks' range with momentum indicators reinforcing the soft bias. The 4-hour Relative Strength Index (RSI) is lingering just below the 50 line, and the Moving Average Convergence Divergence (MACD) shows growing bearish pressure.

A confirmation below the 1.1600 area, which contained downside attempts on Monday, and is holding bears so far on Wednesday, would bring the bottom of the range, at the 1.1570 level (May 21 low), back to the focus. Further down,

Gold's bearish technical setup backs the case for a further depreciating move

From a technical perspective, the XAU/USD pair maintains a bearish bias within a downward parallel channel and below the 200-period Exponential Moving Average (EMA) on the 4-hour chart. Meanwhile, the Relative Strength Index (RSI) hovers near 46, hinting at slightly negative but not oversold momentum. Moreover, the Moving Average Convergence Divergence (MACD) line has slipped back below zero with a negative reading, suggesting that recent attempts to stabilize are losing traction within the broader descending structure.

A moving average shows the underlying trend by smoothing out market noise.