XAUUSD has hit an all-time high and is consolidating near the 261.8 Fibonacci level. The DeMarker indicator is exiting the overbought zone, as the pair remains in a long-term bullish trend.
•If gold breaks above the 2682 resistance, the next upside target is 2840.
•A rebound and a drop below the AMA and 2630 support would signal a correction down to 2530.
In the Daily timeframe, EURUSD formed a double top pattern after a short-term rise, and the price fell to the global trend line. The Stochastic indicates a strong oversold condition.
•A break below the 1.1010 trend line could trigger a decline to 1.0950.
•A rebound from the trend line could push EURUSD back up to 1.1110.
US30 has formed a rising wedge pattern within a long-term upward trend. The price has dropped to the lower trendline and key support level, while a divergence has emerged on the RSI.
•A breakdown of the trend line below the support at 41700 may start a decline to 40300;
•A breakdown of the trend line below the support at 41700 may start a decline to 40300;
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