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Over the past seven sessions, silver has made a significant upward move, yet the growth potential remains far from exhausted. The target at 38.500 — the upper boundary of the price channel — is still in play.
The Marlin oscillator has not yet entered overbought territory but has already undergone a slight reset, releasing tension in preparation for further upward movement. A breakout above the nearest resistance level at 36.84 will signal the price's readiness to continue its ascent.
On the four-hour chart, the signal line of the Marlin oscillator is turning upward from the boundary of the downtrend zone. The trend remains strong and active.
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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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Early in the American session, the XAU/USD is trading around 3,370, below the 21 SMA under bearish pressure. We believe a technical rebound could occur in the coming hours
The outlook remains negative for the euro, as rising oil prices could pressure the European currency. In turn, we could expect EUR/USD to reach the 6/8 Murray level at 1.1230
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With the movement of the EUR/GBP price on its 4-hour chart moving above the WMA (21) which has a slope that is going upwards and the appearance of convergence between
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