FxAnalysis

Silver faced strong resistance at $50 on Tuesday, with high volume and a bearish candlestick suggesting a potential pullback as speculative interest peaks.

Gold showed signs of exhaustion near the $4,200 level, with traders eyeing a pullback—possibly toward $4,000—as a healthy reset within a strong uptrend.

The euro continued to show weakness against the US dollar on Tuesday, with key support at 1.1550 in focus as bearish momentum builds below 1.16.

Gold keeps on making higher highs on the daily time frame, sitting close to fresh record highs below $4,200 early Wednesday.

EUR/USD found its footing on Tuesday, climbing back above the 1.1600 mark after starting the week on the back foot. The recovery came as the US Dollar (USD) lost some momentum and Treasury yields drifted lower, all while renewed US–China trade tensions kept markets on edge.

Spot Gold reached $4,179.76 a troy ounce on Tuesday, a fresh record high. The XAU/USD pair currently hovers in the 4,140 region, holding on to solid intraday gains amid risk aversion taking over financial boards.