1. EUR/USD Analysis:

News Summary:

A member of the European Central Bank’s Governing Council stated that the ECB may need to raise interest rates if the eurozone economic outlook does not improve significantly. The ongoing U.S.-Iran conflict continues to weigh on the global growth outlook and has led to a de-anchoring of inflation expectations, increasing the ECB’s caution regarding its policy path. The ECB has already assumed a tighter monetary policy stance in its baseline scenario, and if the latest June projections fail to show a meaningful improvement in the inflation outlook, policymakers may support another rate hike in June.

Trend Analysis:

We can see EUR/USD on the H4 chart is fluctuating lower and trading near the 48 hours moving average. Meanwhile, both 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: [1.1640]

Key Resistance Levels: [1.1820]
Pivot Points [1.1770]

2. Gold Analysis:

News Summary:

Data showed that as of the end of April, China’s gold reserves stood at 74.64 million ounces, an increase of 260,000 ounces from the previous month, marking the 18th consecutive month of growth. The pace of accumulation also accelerated compared with the prior month. International gold prices declined for the second consecutive month in April, which may have been a direct reason behind the People’s Bank of China stepping up its gold purchases. Although gold prices remain near historical highs, the need to increase gold holdings has risen from the perspective of optimizing the structure of international reserves.

Trend Analysis:

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

Today's Key Price Levels:

Key Support Levels: [4620]

Key Resistance Levels: [4800]

Pivot Points [4670]