Gold Pullback Risk Builds as AUD/USD and USD/CAD Set Up
Gold has stalled near major resistance after a powerful rally, while AUD/USD looks stretched and USD/CAD attempts to extend its rebound.
Share this:
Gold has finally paused after an aggressive rally from the $4,000 area, with price now testing a significant resistance zone around $4,700. That area combines a major round number, a high-volume node from the prior decline and the May high, leaving gold vulnerable to a near-term pullback despite the broader trend remaining constructive.
Elsewhere, AUD/USD looks increasingly stretched after an eight-week rally fuelled by stronger Australian data, while USD/CAD is attempting to extend its rebound from support. The video also covers developing setups across GBP/USD and GBP/AUD, alongside the main technical levels to watch across gold and FX.
View related analysis:
View related analysis:
Latest market news
The complete CFD trading experience
Award-winning platforms, competitive spreads, low commissions and dedicated support.
We live and breathe the markets and are dedicated to helping traders realise their ambitions as we continue to set the industry bar.
Economic calendar
Web Trader platform
Our sophisticated web-based platform is packed with features.
Related articles
Swiss Franc Short-term Outlook: USD/CHF Selloff Nears Critical Support Ahead of NFP 11 4 2026
USD/CHF bears are closing in on critical trend support, with the next reaction likely to determine whether the October decline has further to run.
USD/CAD Forecast: Canadian Dollar Gains Ground After U.S. Midterm Elections
The trading week continues to unfold and the recovery in the Canadian dollar has once again become a relevant theme in the short term. This can be clearly seen in the recent performance of USD/CAD, which is down nearly 0.4% during the session, reflecting a consistent recovery in the CAD against the U.S. dollar.
Euro Technical Outlook: EUR/USD Support Reversal Sets Up Breakout Test Ahead of NFP 11 4 2026
Euro bulls are attempting to build on the rebound from recent lows, but pivotal resistance still stands in the way of a larger EUR/USD recovery.
StoneX Europe Ltd may make third party material available on this website which may contain information included but not limited to the conditions of financial markets. The material is for information purposes only and does not contain, and should not be construed as containing, investment advice and/or investment recommendation and/or an investment research and/or an offer of or solicitation for any transactions in financial instruments; any decision to enter into a specific transaction shall be made by the client following an assessment by him/her of their situation.
StoneX Europe Ltd makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied. You should always seek independent advice as to your suitability to speculate in any related markets and your ability to assume the associated risks, if you are at all unsure. We are not under any obligation to update any such material. Any opinion made may be personal to the author and may not reflect the opinion of StoneX Europe Ltd.