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Technical analysis:
Gold has been trading upside in the background and I found breakout of the resistance at $2.045, which is sign that buyers are in control and that we might see upside movement.
Due to the breakout of the resistance and the upside reading on RSI oscillator, I see potential for the further rally towards upisde reference.
Upside objective is set at $2.069
Alternative scenario is potetnial fake breakout and if the market can trade lower into $2.040 area, there would be chance for the downside movement towards $2.030
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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
USD/CHF – Wednesday, July 9, 2025. Due to the USD's safe-haven support and global trade risks, although the CHF is quite strong, these conditions still have the potential to cause
NZD/USD, Wednesday, July 9, 2025. Global risk sentiment regarding commodity currencies and New Zealand's cautious monetary outlook are putting pressure on the Kiwi's potential today. Key Levels 1. Resistance
The eagle indicator has reached oversold levels, so we believe the euro could recover above 1.1680 in the coming hours and then reach 1.1718, where the 8/8 Murray is located
If a break below 3,281 occurs, we could expect a bearish acceleration, and gold could reach the 3/8 Murray level at 3,242 and ultimately reach the bottom of the main
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