Gold Technical Analysis
Gold remains in a short-term corrective phase on the 1-hour chart after reaching a recent high of $4,696. Price has formed a series of lower highs and lower lows, keeping near-term momentum tilted to the downside.
The key support zone is around $4,583, followed by $4,573. A sustained break below $4,583 could open the way toward lower levels and extend the current correction.
On the upside, $4,606 is the first resistance, followed by $4,640, $4,674 and the major resistance around $4,697. The short-term bias remains bearish while gold trades below $4,606. However, a move back above $4,640 could weaken the bearish setup and bring the $4,674–$4,697 area back into focus.
| Resistance | $4,617 | $4,644 | $4,674 |
| Support | $4,583 | $4,563 | $4,541 |
EURUSD Technical Analysis
EURUSD is showing a neutral-to-bearish short-term structure, with the pair consolidating around the 1.1650 area after retreating from the 1.1675–1.1680 region.
Price is currently trading slightly below the MA5, MA10 and MA20, suggesting that short-term momentum remains weak. The first key support is at 1.1641, while a break below this level could expose 1.1638 and 1.1620.
On the upside, 1.1662 is the initial resistance, followed by the 1.1675–1.1680 area. A sustained move above 1.1662 could signal a recovery toward the recent highs, while continued trading below this level keeps the short-term bias tilted lower.
| Resistance | 1.1660 | 1.1675 | 1.1690 |
| Support | 1.1642 | 1.1621 | 1.1614 |
Copper Technical Analysis
Copper has shifted into a bearish short-term trend after reversing sharply from its recent high near $6.72. The price is now trading below the MA5, MA10 and MA20, with the short-term averages pointing lower and confirming weakening momentum.
Immediate support is located around $6.51, followed by $6.48. A break below $6.51 could accelerate the decline toward the next support area.
On the upside, $6.55 represents the first resistance, followed by $6.62 and $6.69. The technical outlook remains bearish below $6.55, while a sustained recovery above this level could signal that selling pressure is beginning to ease.
| Resistance | $6.70 | $6.73 | $6.77 |
| Support | $6.63 | $6.59 | $6.54 |
