Web Trader MT5 
Gold Technical Analysis
Gold prices fell sharply yesterday as the US dollar continues to strengthen and approaching the 100 psychological level. The precious metal lost more than 1.5% in yesterday’s session, reaching a low of $3,268 per ounce. Price rebounded since then and gold is trading above $3,300 again today.
The overall trend is still unclear as fluctuations continue. On the hourly chart, gold shows a reversal from this week’s losses, and it’s nearing the 30-period moving average now. Price is expected to find resistance at the moving average of around $3,310 levels. A strong breakout above this dynamic resistance may help push prices higher toward $3,440. Moving averages MA(5) and MA(10) are currently supporting price upwards. And with a bullish crossover on MACD, short term sentiment today is bullish.
Gold (XAUUSD) 1H Chart
| Resistance | $3,334 | $3,350 | $3,376 |
| Support | $3,288 | $3,265 | $3,240 |
EURUSD Technical Analysis
The dollar index jumped more than 1% yesterday, putting pressure on most major currencies. EURUSD fell 1.21% in yesterday’s trading session. The pair shows signs of recovery today as it broke above moving averages MA(5) and MA(10) on the hourly chart.
Price is now approaching the 30-period moving average, which might act as a dynamic resistance level. With MACD crossing bullishly, a retest of 1.1500 is likely.
A breakout above moving average MA(30) with 1H candle closure could open the door for more upward movement toward 1.1550
EURUSD 1H Chart
| Resistance | 1.1468 | 1.1505 | 1.1570 |
| Support | 1.1400 | 1.1372 | 1.1350 |
Bitcoin Technical Analysis
Bitcoin has been fluctuating recently after recording new highs two weeks ago. The cryptocurrency fell sharply yesterday and touched $115,000 levels before rebounding up. The 1-hour chart now shows bullish movement short term, breaking above three moving averages MA(5), MA(10), and MA(30).
MACD also shows bullish sentiment on the hourly chart. A revisit to $119,000 is likely if price remains above the dynamic support levels represented by short term moving averages MA(5) and MA(10)
A closure of 1H candle below the 10-period moving average might cause more declines toward $115,000 levels again.
Bitcoin (BTCUSD) 1H Chart
| Resistance | $119,325 | $120,208 | $121,090 |
| Support | $117,360 | $116,400 | $115,726 |
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