Gold prices faced a major hurdle yesterday as the precious metal failed to maintain $3,700 levels. As seen on the hourly chart, price jumped to $3,707 before reversing downward. Short term moving averages MA(5) and MA(10) are now pointing downward showing a bearish crossover. Bearish correction could extend to $3,613 support level from last week. MACD is trending downward with the signal line showing more selling pressure. Failure to break above $3,680 and the 30-period moving average could open the door for further declines. {chart} EURUSD hit a major resistance level on the weekly chart in yesterday’s session at ... (full story)