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Weekly Technical Analysis Report dated April 6-2026

Weekly Technical Analysis of XAUUSD

Following last week’s analysis, gold prices advanced as anticipated, reaching the projected rebound zone of $4,800–$4,900, where renewed selling pressure emerged. This resistance led to a moderate pullback, with prices closing near $4,676.

The outlook for the current week remains nuanced. Although the rebound scenario has largely materialized, no confirmed sell signal has been generated thus far.

Consequently, gold may attempt another test of the $4,900–$5,000 resistance zone. However, upside potential is expected to remain capped below $5,000 in the near term.

After the successful buy recommendation issued last week, the current strategy shifts to a more conditional approach.

Short positions are advised within the $4,900–$5,000 range, with a stop-loss at $5,050 and a downside target near $4,200.

Alternatively, a short position may be initiated upon a 4-hour close below $4,550. Long positions are not recommended while gold remains below the $5,200 level.

Weekly technical analysis of USTEC

As anticipated, the USTEC index staged a rebound last week, reaching and closing near the projected recovery target of approximately 24,000 points.

The prior recommendation to initiate short positions in the vicinity of this level remains valid.

Notably, the index had sustained trading above the 24,000-point threshold for over five months before breaking below it, suggesting that this level may now act as a resistance zone.

Consequently, renewed selling pressure is likely to emerge around this area, despite the absence of a definitive technical sell signal.

Accordingly, the proposed strategy for the current week is to establish short positions at 24,000 points, with a stop-loss set at 24,550 points and a downside target of 22,000 points.

Weekly technical analysis of EURUSD

For the fourth consecutive week, the EUR/USD currency pair has tested the lower boundary of the previously breached price channel and subsequently retreated, thereby reinforcing the validity and strength of the prevailing technical formation.

In light of this continued price behavior, the prior recommendation to initiate short positions in the vicinity of 1.1600 remains substantiated.

Accordingly, the proposed strategy for the current week is to establish new short positions near the 1.1600 level, with a stop-loss placed at 1.1670 and a downside target set at 1.1100.

This trade setup offers a clearly defined risk-to-reward profile that aligns with the dominant bearish trend.