Top Forex Brokers – Forex Weekly news and analysis For April 28- May 4, 2025
XAUUSD (H4)
XAUUSD, after updating its all-time high at 3500, started a correction and fell to the 161.8 Fibonacci level. Gold formed a descending triangle pattern, testing the DEMA, while Momentum dropped below 100.0 again.
•A fall below 3290 will likely extend Gold’s decline to 3240 and 3200.
•A bounce and break above the upper trendline could push XAUUSD back to 3370.
GBPUSD (Daily)
GBPUSD has reached its 2024 high, testing the OB. At the same time, the price crossed above the upper Bollinger Band, and the AC suggests a possible fall toward the trendline.
•A rebound from resistance could push GBPUSD down to 1.3250 and further to 1.3100.
•Consolidation above 1.3420 will pave the way toward 1.3670.
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