Gold Eyes New Highs While EUR/USD Faces Bearish Pressure in Mixed Market Outlook

Gold prices continue to hold firm above the 4620 level, with technical indicators suggesting a push toward the 4820-4860 resistance zone. In the forex market, USD/JPY has successfully rebounded from its support range between 157.25 and 157.65, eyeing further resistance at 160.20 and 161.95. Meanwhile, GBP/USD maintains its recovery potential toward 1.3485, provided the pair remains above the critical 1.3160 support level. Conversely, EUR/USD is exhibiting a bearish triangle formation, which analysts suggest could be a "bear flag" pattern leading to a potential drop toward 1.1200. This mixed technical outlook highlights a divergence between safe-haven demand for gold and varying momentum across major currency pairs. Traders are advised to monitor these key technical thresholds as market volatility persists during the April 6 session.