Gold faces key test at year-end, bulls need to hold above 2069.90 for upside potential. EUR/USD in correction phase, key levels to watch 1.1080 and 1.1120 for direction. GBP/USD expected to fall further before resuming bullish trend, technical correction awaited.

Gold at a Crossroads:

• 2023 high at 2143.74 remains unchallenged; question of staying above 2022 high (2069.90) in final days.
• Bullish potential for new record highs in 2024, bearish sentiment could lead to interactions with support levels across timeframes.
• Key support levels: daily cross (2058.16 – 2051.54), weekly levels (2032.09 – 2016.23).
• Lower timeframes: bulls hold advantage, correction testing central Pivot level support (2073.87).
• Breakout of weekly long-term trend (2055.70) could shift power balance.
• Additional support at 2050.93 – 2040.85, targets for upside break at 2091.24 and classic Pivot points (2096.81 – 2109.67).

Euro in Pullback:

• Strong technical correction after reaching high of 1.11387.
• Fall below 7/8 Murray and 21 SMA (1.1127) could bring correction to uptrend channel bottom (1.2740).
• Daily pivot point (1.1080) key for bullish resumption or deeper correction to 200 EMA (1.0998) and 6/8 Murray (1.0986).
• Daily close above 1.1120 bullish signal for potential reach to 8/8 Murray (1.1230).

GBP Losing Steam:

• Failed breakout of bullish channel (1.2826) leading to strong technical correction.
• Likely bearish continuation to uptrend channel bottom (1.2740), potentially reaching 200 EMA (1.2704) and weekly support (1.2650).
• Strong bearish pressure, selling recommended with potential correction bounce at 1.2740 for re-entry.
• Technical correction expected before bullish cycle resumes.