Market Overview

Steady Gains Across Majors as Gold and Sterling Set Fresh Highs

ADFX Team

XAUUSD 
XAUUSD posted a fresh 5‑day and 10‑day high at 3489.83 at 06:40 GMT and settled at 3476.17 by the 18:29 GMT close, up 26.53 on the session or 0.769% from the 22:00 GMT open at 3449.64. The intraday range spanned 52.79 (about 1.53% of the open), framed by an early low at 3437.04 at 01:26 GMT and the later high. Price dipped from the open to the session low, then advanced into the high, and finished in the upper portion of the day’s range, closing 39.13 above the low and 13.66 below the high. The settlement remained 3.83 below the next 10‑handle at 3480 and 23.83 under the 3500 round figure, while the day’s peak stayed beneath 3500. The high at 3489.83 is also the current 10‑day high, and the 5‑day low is marked at 3373.7, defining the recent short‑term extremes. On the higher timeframe, the daily MACD stands at 24.7. The close was nearer the high than the midpoint of the range, with the session’s structure characterized by a low‑early/high‑later progression and a finish above the opening level. No tick‑volume data were provided. In summary, gold recorded a moderate intraday range, a net gain on the day, and new 5‑ and 10‑day highs within the session, while larger round‑number resistance at 3500 remained untraded by the end of the session. 

(XAUUSD H1) 

GBPUSD 
GBPUSD advanced over the prior session, rising 0.00418 or 0.31% from an open at 1.35045 to close at 1.35463, with a 0.00511 range that spanned 0.38% of the open. The day began with a brief dip to the session low at 1.34985 at 21:49 GMT Time, marginally under the 1.3500 figure, before price worked higher into the European and US hours. The session high printed at 1.35496 at 14:58 GMT Time, marking both a 5-day and 10-day high, and the pair finished near the top of the intraday range by the close at 20:54 GMT Time. The sequence featured an early low shortly after the session start at 21:10 GMT Time, followed by steady gains that left the market testing and holding above the 1.3500 round number for most of the session, with the late-day close within a few pips of the established high. On the hourly timeframe, the close at 1.35463 sat above the H1 20-period SMA at 1.35343, while H1 RSI(14) printed near 59.7, indicating momentum away from neutral without an overbought reading. From a multi-day perspective, the intraday peak at 1.35496 aligned with the flagged 5D and 10D highs, reinforcing the significance of that print as a recent range extreme. No daily ATR reference or tick volume figures were provided. Overall, the session ended firmly toward the upper end of its range, with round-number interaction around 1.3500 and fresh 5D/10D highs defining the structure. 

(GBPUSD M30) 

EURUSD 
EURUSD advanced into the close at 1.1712, up 0.0016 on the session (+0.139%), after setting a fresh 5‑day high at 1.1736 at 08:52 GMT and establishing the low at 1.1686 shortly after the open at 21:50 GMT. The day’s span measured 0.0050, or 0.43% of the open, representing 82.2% of the current daily ATR. Price opened at 1.1696 and traded on both sides of the 1.1700 figure before extending to the morning high; it then eased off that peak and settled in the upper half of the intraday range, finishing above the 1.1700 handle. The sequence featured an early dip within the first hour of trade, followed by a sustained rise into the European morning that culminated in the session high, with no further new extremes into the afternoon and evening. From a higher‑timeframe perspective, spot remains above the 50‑day simple moving average on the daily chart, last around 1.1660, while the daily MACD sat at the zero line. The session’s print of 1.1736 registered a new 5‑day high, marking an extension of the recent short‑term range on the topside, while the close held comfortably above the daily moving average reference. Into the end of the session at 20:54 GMT, EURUSD maintained the bulk of its earlier gains, leaving the close closer to the high than the low and keeping attention on the round‑number zone of 1.1700 that featured prominently throughout the trading day. 

(EURUSD M30) 

In the past 24 hours, no major economic data was released, though manufacturing PMIs provided some color: China’s Caixin Manufacturing PMI rose to 50.5, from 49.5 previously and just shy of the 50.6 forecast; the euro area S&P Global Manufacturing PMI registered 49.8, compared with 49.9 prior and a 49.9 forecast; and the UK S&P Global/CIPS Manufacturing PMI eased to 47.0, versus 47.3 previously and a 47.3 consensus. Looking ahead to the next 24 hours, at 12:00 server time the euro area CPI year over year is expected to hold at 2.0 percent, matching the prior 2.0 percent. In the United States, the S&P Global Manufacturing PMI is due at 16:45, with the market looking for 51.6 after 49.5 previously, and at 17:00 ISM Manufacturing Prices Paid is projected at 63.9, down from 64.8. If the euro area CPI surprises higher, it could nudge expectations toward a more cautious policy stance from the ECB. Traders may face sharp moves around the CPI release. 

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