Jolts

EUR/USD remained under pressure after a sharp dollar advance and a sell-off in government bonds pushed the pair to its lowest level since June. Technical signals point to a bearish trend, although deeply oversold momentum may leave room for a short-lived rebound.

Gold recovered from Monday’s low, but the bounce remains constrained by a firm Dollar Index, elevated yields and persistent expectations for an October Federal Reserve rate increase. Technical traders are watching whether XAUUSD can reclaim broken resistance or whether a move below Monday’s low restarts the downtrend.

Spot gold turned lower after breaking below the $4,230.51 level, shifting market control toward sellers. Traders are watching oil, Treasury yields, the dollar, PCE data and payrolls for clues on whether the selloff can extend or stabilize.

Silver enters a pivotal week with the dollar, Treasury yields and Federal Reserve rate expectations pulling the market in different directions. Friday’s payrolls report is the key event that could decide whether XAG extends its rally or slips back toward recent support.