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Early in the American session, gold is trading around 2,677 reaching a strong resistance zone. It is likely that if gold fails to consolidate above this zone, we could see a strong technical correction.
Technically, according to the daily chart, we see that gold is in a strong bullish trend but reaching overbought levels. So, we believe that a technical correction could occur in the next few days towards the 21SMA located at 2,629.
If gold falls below 2,656, the bearish force could persist and the metal could reach the bottom of the bullish trend channel around 2,620.
A sharp break of the bullish trend channel and a daily consolidation below 3/8 Murray could mean a change in trend. Therefore, gold could fall with the target of 2/8 Murray around 2,578. The instrument could even cover the gap left at 2,562 and reach the low for the month of November around 2,528.
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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
On Wednesday, EUR/USD continued to trade sideways. Even the weak movement seen over the past week is gradually fading. Above the resistance zone of 1.1637–1.1645, the bulls still maintain control
Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful
[Silver] – [Thursday, August 21, 2025] Silver has the potential to strengthen today, although the two EMAs are still forming a Death Cross. However, the appearance of a Divergence indicates
The Eagle indicator is showing a negative signal, so we believe the euro will remain under pressure in the coming days. Therefore, any technical rebound will be seen
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