GBP/USD is showing increasing short-term selling pressure after repeatedly failing to sustain a move above the 1.3520–1.3525 resistance zone. Price pushed higher into this supply area but faced strong rejection, leaving a clear sign that sellers are still defending the upper levels.
BTCUSD – H4 has rejected the major resistance zone and is showing clear signs of weakening bullish momentum. Price is currently trading around 63,088, below the nearby resistance area, while the bearish order block and descending structure suggest sellers are gaining control.
Price has been moving in a bullish direction since June 30 and has now reached a key neckline around 0.7095. Based on the current momentum, price may attempt a breakout above this level.
Gold continues to show a strong recovery structure after repeatedly finding buyers around the lower boundary of the recent trading range. Price has been making higher reactions from support, indicating that downside moves are being absorbed rather than developing into a confirmed bearish reversal.
XAU/USD is currently trading around the 4,366–4,370 area, sitting at an important decision point after a strong recovery from the recent liquidity sweep near the 4,300–4,320 zone.