EUR/USD
Trend Theme：EUR/USD trims gains and snaps seven-day win streak ahead of Fed policy update.
Trend Review：EUR/USD stumbled on Monday after a muddled election outcome in France leaves policy guidance unclear for the Euro bloc. A coalition minority government win in France kept a financially-disastrous far right party out of the leadership race after a strong upset in earlier European Parliamentary elections.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 1.08298 * | 1.08313 ** | 1.08349 *** |
| 1.08277 | Support* | 1.08262* | 1.08241 ** | 1.08205 *** |
Weekly forecast：
————————————————————————————————-
USD/JPY
Trend Theme：USD/JPY holds higher ground near 161.00, Powell eyed.
Trend Review：USD/JPY is holding higher ground close to 161.00 in Asian trading on Tuesday. Risk-on sentiment on heightened Fed rate cut expectations contributes to the pair’s latest uptick. All eyes turm to Fed Chair Powell’s testimony for further cues on policy.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 160.98 * | 161.013 ** | 161.11 *** |
| 160.916 | Support* | 160.883 * | 160.819 ** | 160.722 *** |
Weekly forecast：
—————————————————————————————————
WTI
Trend Theme：WTI falls to near $82.00 due to ongoing discussion to end Gaza conflict.
Trend Review：WTI price loses ground due to ongoing discussions about a US ceasefire plan to end the Gaza war. Oil prices may appreciate as Tropical Storm Beryl could disrupt US energy supplies. Rising bets on Fed rate cuts could provide support for the Oil demand.
Today Advise：Bearish
Key Levels：
| PP | Resistance* | 81.805 * | 81.892 ** | 82.025 *** |
| 81.759 | Support* | 81.672 * | 81.626 ** | 81.493 *** |
Weekly forecast：
—————————————————————————————————
XAU/USD
Trend Theme：Gold price rebounds ahead of Fed Powell’s testimony.
Trend Review：The Gold price posts modest gains in Tuesday’s early Asian session. Rising rates cut expectations and safe-haven flows might cap the precious metal’s downside. Pausing China’s PBoC Gold purchases will likely weigh on XAU/USD in the near term.
Today Advise：Bullish
Key Levels：
| PP | Resistance* | 2364.58 * | 2366.79 ** | 2370.65 *** |
| 2362.93 | Support* | 2360.72 * | 2359.07 ** | 2355.21 *** |
Weekly forecast：
