The NZD/USD daily chart shows a potential bullish breakout from a prolonged consolidation structure. Price has moved above the descending trendline, suggesting a possible change in the short-term market structure.
USD/JPY 1-hour chart shows a potential bullish recovery after price moved lower from the previous resistance area. The chart identifies important support and upside target levels that could become relevant if buyers regain control.
GBP/USD 1-hour chart shows a potential reversal setup after a prolonged decline along a descending trendline. Price has recently moved away from the lower levels and is now approaching the marked Next Buy Zone.
Gold XAU/USD 1-hour chart showing buy limit projection, fair value gap, Fibonacci levels and resistance zones.
EUR/USD 4-hour chart showing bullish trendline breakdown, next sell zone and price target.
Gold (XAU/USD) trades as a currency pair against the US Dollar and is widely regarded as a safe-haven asset, tending to rise during market volatility, economic uncertainty, and periods of currency devaluation. As a yield-less asset, it's sensitive to interest rates and the strength of the US Dollar, with central banks.