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Today Technical Analysis: Gold Jumps Above $3,370 Before Retreating at The Close

July 17, 2025, 11:28

USDJPY shows strong bullish movement as price surged from 145.74 and recently bounced after a brief correction with higher highs and higher lows intact.

Moving averages MA(5) and MA(10) crossed above MA(30). Price just bounced off the MA(30), confirming the uptrend. MACD line just crossed above the signal line, which indicates a bullish confirmation. Positive bias is likely to continue short-term.

Eyes on 149.20 resistance level. The pair is likely to continue to go up unless price closes below 148.000.

USDJPY 1H Chart

USDJPY 1H Chart 17 july 2025
Resistance148.98149.20149.55
Support148.2814.72147.25

Gold reached a high of $3,377, then faced strong selling. Lower highs forming since then with short-term bearish structure developing.

Moving averages MA(5) and MA(10) have just crossed below MA(30) on the hourly chart.

Price is breaking below the three moving averages with strong red candles, reinforcing bearish momentum.

MACD indicates that bearish momentum is accelerating. Potential support around $3,320–3,315 is next.

Gold 1H Chart

Gold 1H Chart 17 July 2025
Resistance$3,345$3,357$3,366
Support$3,320$3,310$3,297

After peaking at $123,215 on Monday, Bitcoin has been correcting downward, forming lower highs and lower lows on the hourly chart.

Moving averages MA(5) and MA(10) have crossed below the MA(30), signaling short-term bearish momentum. Price is currently moving below the 30-period MA, showing that pressure remains on the downside.

MACD line is below the signal line, which gives a bearish signal for the price.

Bitcoin is currently in a corrective pullback phase.Watch for support near $117,500 – $118,000. If these levels fail, deeper correction could follow.

Bitcoin 1H Chart

Bitcoin 1H Chart 17 July 2025
Resistance$120,132$120,665$122,205
Support$117,700$116,224$115,720
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