As the U.S. Presidential election approaches, global financial markets are responding with notable fluctuations. Here’s a brief analysis of gold, silver, and the EUR/USD pair as we enter this pivotal period.

📈 XAU/USD (Gold)

Gold maintains its upward momentum on the daily chart, despite a slight pullback from the red dotted trendline. Last week’s close highlights consistent buying pressure, keeping the bullish trend intact after breaking through the descending broadening wedge and reaching a key resistance zone. With this momentum, gold may be on a path toward a long-term target of 3,000 USD.

📈 XAG/USD (Silver)

Silver prices have surpassed the critical resistance at 32.50 USD on the daily chart. After peaking at 35 USD, silver faced some profit-taking pressure, pulling back to test the 32.50 USD support. This slight correction signals a potential rally as it reinforces support at this key level.

📉 EUR/USD

EUR/USD is under selling pressure around the 1.077 – 1.079 support area. After a slight recovery on Thursday, selling momentum resumed Friday, indicating strong support levels supported by a broadening wedge and a black dotted trendline. Should prices close below 1.077, another round of selling may occur, especially with DXY rising amid election concerns. The overall trend remains bearish with prices below the 50 and 200 SMA.

Conclusion:
With the U.S. election on the horizon, both gold and silver maintain bullish outlooks, with gold possibly reaching 3,000 USD. Meanwhile, EUR/USD faces a potential downturn if the 1.077 support fails, especially amid a rising DXY. Investors should closely monitor these technical indicators for timely trading decisions.

🌐 Website: https://livetrade.finance
🗨️ Community Group: https://t.me/LiveTrade_chat
📩 Support Email: [email protected]