Energies
GBPUSD still trades in an uptrend since the beginning of 2025 with prices respecting the higher lows seen on the daily chart. Bearish correction started after hitting the 1.3460 psychological level, which coincides as well with the historical high recorded in September 2024.
The attention is now on the 1.3360 resistance level. Failing to close above it on the daily chart hints at further declines toward 1.3142. The pair is finding support at the 30-day moving average. Daily candle closure below this level is also indicative of further declines.
As long as the US dollar index (DXY) is above the 100.25 level, the overall trend for GBP is downward.
GBPUSD Daily Chart
| Resistance | 1.3362 | 1.3401 | 1.3448 |
| Support | 1.3140 | 1.3066 | 1.2968 |
Following gold’s rise above $3,400 level, the precious metal experienced sharp declines for the past two weeks with minor bullish corrections in between. If prices remain below the $3,200 support level, it’s expected to see further declines toward $3,100 level.
Moving averages MA(5) and MA(10) showed bearish crossover and the daily candles are now trading below the 30-day moving average hinting at more selling pressure. A bullish scenario requires a closure above the $3,300 resistance level.
Gold Daily Chart
| Resistance | $3,268 | $3,310 | $3,350 |
| Support | $3,125 | $3,054 | $2,955 |
U.S. Stock indices are recovering from April’s lows. The Dow Jones rose 1.88% percent this week and will be facing the resistance level of 42,889
Closing above 43,000 on the daily chart opens the door for more gains toward 43,000. The overall sentiment for the Dow Jones is positive. Dynamic support level to watch out for is the 30-day moving average. Falling below the short-term moving averages of MA(5) and MA(10) could push the index down to MA(30). However, strong fundamentals suggest a bullish movement is more likely.
Dow Jones Daily Chart
| Resistance | 42,844 | 43,155 | 43,378 |
| Support | 41,826 | 41,490 | 41,205 |
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