( Gold ) XAUUSD tests critical target
 

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( Gold ) XAUUSD continues its bullish stance as prices lifted another fresh high above 3700. On the chart, the direction is slightly skewed as the precious metal looks to maintain the bull run. The price is testing the top of the recent rally above the psychological level of 3700. This is a critical high to keep the push valid, as a bearish divergence emerging on the RSI could look for some pullbacks. 3680 is the immediate support to break to give the bears a fighting chance to de-escalate the trend.
 

GBPUSD struggles to bounce
 

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Cable turned lower after the dollar kept its momentum going from last week. The pair’s downturn at the recent high above 1.3700, a major level on the daily chart, continued as trend followers look to sustain the rally. As the pair revisits the floor at 1.3460, the RSI’s oversold status might attract traders looking to buy the dip, but unless they succeed in lifting 1.3550, the sell-off could continue as the greenback looks to gain momentum into this week.
 

NAS 100 hits fresh peak
 

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Stocks also got in on the bullish action as indices go from strength to strength. A move above 24500 has put short-term bears on the defensive, driving the price higher. The index will now look to the next psychological level of 25000, making it an important level to expect follow-through bids should the uptrend stay intact. On the flip side, a bearish breakout would cause a new round of liquidation and send the index to 24350. So, bulls will need to clear 24750 to remain in control to keep prices in record territory.

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