Gold Price Update: January 17, 2025″
Gold prices show slight bearish movement, approaching the $2,700 support level. A positive push is needed to resume the bullish trend, with targets set at $2,730 and potentially $2,790.
Key Levels to Watch:
- Support: $2,700
- Resistance: $2,740
- A break below $2,680 may trigger a bearish trend, while surpassing $2,730 confirms a bullish rally.
Trend: Bullish
GBP/USD Update
GBP/USD broke the bearish flag’s support, signaling a bearish trend. The pair targets $1.2045, provided it stays below $1.2300.
Key Levels to Watch:
- Support: $1.2150
- Resistance: $1.2300
Trend: Bearish
EUR/USD Update
EUR/USD remains bearish with key resistance at $1.0325. Targets are $1.0220 and $1.0100 if support at $1.0210 is broken.
Key Levels to Watch:
- Support: $1.0210
- Resistance: $1.0365
Trend: Bearish
EUR/GBP continues its bullish trend, holding above $0.8400. A break past $0.8465 could push the pair toward $0.8490 and $0.8525.
Key Levels to Watch:
- Support: $0.8400
- Resistance: $0.8465
Trend: Bullish
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