Gold continues its losing streak

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Hello traders!

Today, EUR/USD fell below 1.0600 for the first time in several months, breaking above the key support level of 1.0630. With prices below that, there is a possibility of further losses. The daily chart shows the pair heading towards a range of 1.0510 to 1.0530, which represents the February and March lows.

Looking at the technical picture on the 4-hour timeframe, we can see that the support around 1.0560 could trigger a recovery. The 1.0600 and 1.0630 levels have now become significant resistance levels. A drop below 1.0550 could lead to increased volatility and the possibility of a faster price decline.
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good luck traders
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EUR/USD hit a new six-month low near 1.0550
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Will Gold price increase in the future?
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Gold continues to search for new bottoms
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Gold continues to decline, continuing to search for a bottom
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