This post was originally published on this site. XAUUSD — Value Acceptance Around 3,980 Gold OANDA:XAUUSD Cameron_Wells_Xau Auction State XAUUSD on H2 remains in a directional bearish auction, with price now trading around 3,980 after leaving the previous 4,000–4,040 distribution behind. The market continues to explore lower prices beneath the descending H2 dynamic resistance, but it is also approaching the chart’s Major Lower Value, where the efficiency of the bearish auction should be tested. The macro backdrop remains restrictive for Gold. Bullion finished last week below $4,000, down roughly 4% for the week, as higher oil prices revived inflation concerns...

This post was originally published on this site. EUR/USD: Potential Bullish Reversal & Breakout off 1.1200 Suppor Euro vs US Dollar PEPPERSTONE:EURUSD GeorgeSylva Overview & Technical Breakdown: ​Symbol: EURUSD Timeframe: 2 Hours (2h) Direction: Long / Bullish ​Key Technical Factors: ​Key Support Holding: EUR/USD is currently testing strong horizontal support at the 1.1200 key psychological level, showing signs of price rejection and stabilization around 1.1217. ​Curved Resistance Line (Decelerating Downward Momentum): Price has been compressed under a curved falling resistance/arc line, indicating that the selling pressure is tapering off near the 1.1200 base. ​Resistance Target: Major overhead horizontal resistance sits...