Gold and Silver face renewed selling after bounce [Video]

Kim Cramer Larsson KCL Consult

EUR/USD struggles below 1.1275 as GBP/USD loses momentum. Gold faces renewed downside risk towards $3,900, silver remains bearish, and Bitcoin and Ethereum approach important support levels.

Forex: EUR/USD remains range-bound between 1.1110 and 1.1275, with a break lower potentially targeting 1.10. GBP/USD is struggling to sustain its recovery, while USD/JPY remains trapped between 156.35 and 159. GBPJPY could resume its uptrend towards 215, but AUD/JPY remains bearish. AUD/USD risks falling towards 0.68–0.67, while USD/CAD could extend its rebound towards 1.4215.

Metals and bonds: Gold struggles around $4,100, with renewed downside risk towards $3,900 unless resistance at $4,147 breaks. Silver remains bearish despite potential rebounds towards $54.50–55, while copper is also under pressure. US 10-year Treasury yields could decline towards support around 4.74–4.80%.

Crypto: Bitcoin remains bearish, with downside risk towards $70,000 and potentially $67,000. Ethereum could revisit support around $2,000.

Author

Kim Cramer Larsson

KCL Consult

Kim Cramer Larsson hosts the Daily Technical Update, a daily 15-20 minutes video with live charts.

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