1. EUR/USD Analysis:

News Summary:

The President of the European Central Bank stated that the economic impact of the Iran conflict has not yet reached the adverse levels anticipated in the central bank’s forecasts, and that more information is needed before drawing clear policy conclusions. So far, energy prices have not risen to a level that would significantly derail the economy. However, uncertainty surrounding the duration and transmission of the energy shock means policymakers must gather additional data before making firm monetary policy decisions. While there are currently limited signs of widespread supply chain disruptions, localized tensions have begun to emerge.

Trend Analysis:

We can see the EUR/USD is moving sideways on the H4 chart, trading near the 48 hours moving average. Meanwhile, the MACD double line and histogram bars are expanding above the zero axis. The sell limit could be set, stop loss is necessary.

Today's Key Price Levels:

Key Support Levels: [1.1700]

Key Resistance Levels: [1.1850]
Pivot Points [1.1730]

2. Gold Analysis:

News Summary:

On Monday, gold prices edged lower amid a stronger U.S. dollar. At the same time, renewed reports of a potential closure of the Strait of Hormuz pushed oil prices higher and reignited inflation concerns. Market optimism last week over a possible ceasefire in the US-Iran tensions now appears to have faded, placing a cap on gold’s upside. This has brought back the familiar “war trade” pattern seen since the conflict began—rising crude oil prices feeding into higher inflation expectations, which in turn lift bond yields and strengthen the U.S. dollar.

Trend Analysis:

On the H4 chart, we can see gold is moving near the 48 hours moving average. In addition, the MACD double line and energy bars are converging around the zero axis. The buy limit could be placed, stop loss is mandatory.

Today's Key Price Levels:

Key Support Levels: [4720]

Key Resistance Levels: [4870]

Pivot Points [4750]