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[VantoFX]

Silver (XAG/USD) has bounced back above $31.10, showing signs of recovery after recent losses. However, resistance remains a key hurdle for further upside.

Technical Highlights:

• 50 WMA ($31.00) is below 200 WMA ($31.31), keeping the broader trend cautious.
• RSI at 57 signals improving momentum; a move above 60 RSI could strengthen the recovery.
• Key resistance at $31.31, with further upside potential toward $31.50.

Fundamental Factors:
Silver remains influenced by inflation expectations and market risk sentiment. Upcoming US economic data and Federal Reserve commentary could shape the next move.

Outlook:
A break above $31.31 could lead to gains toward $31.50, while failure to hold above $31.10 may see a dip to $30.80.
Full analysis: News and Analysis - VantoFX

 

[VantoFX]

FTSE 100 (UK100) Struggles at 8,575 Resistance After Recovery
FTSE 100 (UK100) has rebounded but is struggling to break above 8,575 resistance. Bulls need to push through for further gains, while sellers are eyeing a potential rejection.

Technical Highlights:

• 50 WMA (8,564) remains below 200 WMA (8,621), keeping a bearish outlook.
• RSI at 55 indicates recovering momentum; a move above 60 RSI could strengthen the bullish case.
• Resistance at 8,575, with key upside targets at 8,600.

Fundamental Factors:
The FTSE 100 remains influenced by UK economic data, global risk sentiment, and corporate earnings. Key market events could dictate the next move.
Outlook:
A breakout above 8,575 could push the FTSE toward 8,600, while failure to hold may lead to a decline toward 8,540.

Full analysis: News and Analysis - VantoFX

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[VantoFX]

GBP/USD Breaks Above 1.2510 Resistance, Extending Gains
GBP/USD has surged past 1.2510 resistance, confirming bullish momentum. Buyers remain in control, but key resistance levels will determine the next move.

Technical Highlights:

• 50 WMA (1.25) remains above the 200 WMA, reinforcing the uptrend.
• RSI at 66 indicates strong momentum; a move above 70 RSI could signal overbought conditions.
• Resistance at 1.2530, with further upside potential toward 1.2560.

Fundamental Factors:
The pound gains strength amid interest rate expectations and US dollar sentiment. Upcoming US economic data and Bank of England commentary will influence price action.

Outlook:
As long as GBP/USD holds above 1.2510, buyers may push toward 1.2530 and 1.2560. A drop below 1.2510 could trigger a pullback toward 1.2480.

Full analysis: News and Analysis - VantoFX