Web Trader MT5 
Gold Technical Analysis
Gold prices faced a major hurdle yesterday as the precious metal failed to maintain $3,700 levels. As seen on the hourly chart, price jumped to $3,707 before reversing downward.
Short term moving averages MA(5) and MA(10) are now pointing downward showing a bearish crossover. Bearish correction could extend to $3,613 support level from last week.
MACD is trending downward with the signal line showing more selling pressure. Failure to break above $3,680 and the 30-period moving average could open the door for further declines.
Gold (XAUUSD) 1H Chart
| Resistance | $3,659 | $3,678 | $3,705 |
| Support | $3,626 | $3,612 | $3,578 |
EURUSD Technical Analysis
EURUSD hit a major resistance level on the weekly chart in yesterday’s session at 1.1900, which is also a psychological resistance level. Short term moving averages show a bearish alignment and a potential trend reversal in the short term.
MACD continues to indicate bearish momentum. The next major support level is around 1.1700. Closing below this level could lead to more declines, however, the long term trend remains bullish.
EURUSD 1H Chart
| Resistance | 1.1830 | 1.1860 | 1.1900 |
| Support | 1.1757 | 1.1700 | 1.1660 |
Bitcoin Technical Analysis
Bitcoin gained 2.3% yesterday as cryptocurrency broke above the $117,800 level. The overall trend remains bullish. The price is likely to find support at the mid-term moving average MA(30).
MACD shows weakening of a bullish momentum, but it is not yet a warning sign for a bearish reversal. Maintaining the $116,500 support level confirms the bullish bias. Breaking above $118,000 with strength would support higher prices toward psychological resistance level $120,000
Bitcoin (BTCUSD) 1H Chart
| Resistance | $117,910 | $118,450 | $119,243 |
| Support | $116,156 | $115,367 | $114,800 |
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