Gold technical analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Gold is in a powerfully bullish and overbought trend on the hourly chart. The price has decisively broken above the key 4000.00 psychological level and continues to make new highs, indicating complete dominance by buyers. This breakout has pushed the market into a state of price discovery, where it is trading in uncharted territory. The extreme strength of this move is confirmed by a steeply rising 60-period Simple Moving Average and a Relative Strength Index (RSI) that is firmly in overbought territory above 75.



While the overbought RSI confirms powerful momentum, it also serves as a warning that the market is very extended and vulnerable to a pullback. The path of least resistance remains upwards, with the primary scenario being a continued rally toward the next major psychological level at 4100.00.
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Fri, 10 Oct 2025 08:00:04 GMT

EUR/USD Technical analysis

EUR/USD is in a downtrend on the hourly chart, moving within a falling channel. It's currently making a small bounce after touching the lower channel. The trend remains bearish, with lower highs and lows, a falling 60-period SMA above price, and RSI below 50. The bounce may stall near resistance at 1.1650–1.1680. A rejection here could lead to a drop

Fri, 03 Oct 2025 12:00:05 GMT

Gold Technical Analysis

Gold is consolidating in a volatile sideways range on the hourly chart, currently testing the 38.2% Fibonacci level as resistance, with indicators confirming a lack of a clear directional trend. After a strong uptrend, the market has entered a choppy consolidation phase, contained between range resistance near the 23.6% Fibonacci level at 3893.40 and strong support around the 61.8% Fibonacci

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