Market Outlook
Gold steadied near $2,350 as traders awaited U.S. GDP data, while EUR/USD remained under pressure below 1.09.
Global equity sentiment stayed cautious ahead of key earnings reports.
1️⃣ Market Summary
Market Sentiment: Neutral to Bullish
U.S. Dollar Index (DXY): 106.2 (↓ 0.15%)
Risk Appetite: Moderate
Key Focus: U.S. GDP, CB Consumer Confidence
Quick Highlights:
🟡 Gold (XAUUSD) — Holding above $2,350 support.
💶 EUR/USD — Struggling to sustain above 1.09 resistance.
💹 US Indices — Slightly higher; earnings season continues.
2️⃣ Technical Outlook
🟡 Gold (XAU/USD)
Trend: Bullish bias above $2,345
Resistance: $2,365 / $2,380
Support: $2,340 / $2,325
Comment: Buyers remain active near the 20 EMA; a breakout above $2,365 may target $2,380.
4️⃣ Zeeshan’s Daily Insights
“Today’s market tone remains cautious. Focus on U.S. data for momentum.
I’ll favor Gold buy setups above $2,350 and EUR/USD short positions below 1.09.”
5️⃣ Today’s Trade Setups 🚀
| Pair | Direction | Entry | SL | TP1 | TP2 |
|---|---|---|---|---|---|
| XAU/USD | Buy | 2352 | 2340 | 2365 | 2380 |
| EUR/USD | Sell | 1.0890 | 1.0920 | 1.0860 | 1.0830 |
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Risk Disclaimer: Market analysis is based on personal opinions and may not reflect actual market conditions. Trade at your own risk.
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