The EURUSD Performance

EURUSD is currently trading in an uptrend. This comes after the market created a support zone around 1.05095 and broke above the descending channel and previous resistance zones. This price action caused the market to create a new market structure to the upside. Traders anticipate EURUSD to hit 1.1000 which is 50 pips from the resistance zone according to this price action. As such, a break and close above will continue the trend to the upside.

The XAGUSD (SILVER) Performance 

Silver has rallied +3.8% to the upside since it broke above the descending structure and hit the first target at the resistance zone around 24.790. This price action provided trading opportunities at the break of the structure. At the moment traders are still bullish and anticipate Silver to continue trading to the upside with more targets set at 26.000.

The XAUUSD (GOLD) Performance

Gold has breached 2000.00. Gold has continued to push up and has broken above the previous resistance around 2006.00. This price action completes an inverse head and shoulders pattern on the daily timeframe, adding to the confluence and increasing the probabilities to the upside. As such, traders anticipate Gold to rally up to 2066.00 and will keep an eye on

Final Thoughts On Today’s Analysis 

In conclusion, the recent performance of EURUSD, XAGUSD (Silver), and XAUUSD (Gold) reflects significant developments in the currency and precious metals markets. The EURUSD pair is poised to break resistance, supported by a strong uptrend and the creation of a new market structure. Traders are eyeing a target of 1.1000, anticipating a continuation of the upward trend upon a break and close above the resistance.