Markets on Edge: Safe Havens Rise, Channels Hold

Author

FX Rocket Profits
August 29, 2025

Fed Uncertainty, Gold’s Climb & EUR/CAD’s Pullback Play

Markets remained cautious as traders digested mixed signals from Fed officials and escalating geopolitical tensions. With Trump’s attempt to dismiss Fed Governor Cook still reverberating, concerns over central bank independence kept safe-haven demand elevated. Gold surged toward a long-term resistance zone, while the dollar traded unevenly across majors.

Technically, XAU/USD is pressing against the $3,400 level, a key psychological and structural resistance that aligns with August highs and the R1 pivot. A breakout could open the path to $3,440 or fresh 2025 highs. Meanwhile, EUR/CAD is pulling back within its ascending channel, testing Fib levels and mid-channel support near 1.6030. Whether you’re trading breakouts or bounces, this issue highlights the zones where momentum may shift.

⚡ Daily Broad Market Recap – August 27, 2025

  • With few fresh catalysts, markets danced to the rhythm of Fed speculation and geopolitical headlines.

  • Gold extended gains to $3,398 on safe-haven flows, while the S&P 500 hit its 19th record close of the year.

  • The dollar ended mixed, pressured by Fed independence concerns and dovish commentary from Barkin and Williams.

🔥Gold (XAU/USD) Retesting Long-Term Resistance

  • XAU/USD bounced off the 100 SMA and is now testing the $3,400 zone, near August highs and the R1 pivot.

  • A breakout could target $3,440 or new highs; a rejection may drag price back to $3,350 or the 100 SMA.

  • Watch for confirmation candles and macro catalysts to validate direction.

📊 EUR/CAD Ascending Channel Pullback Levels

  • EUR/CAD is pulling back from 1.6200 resistance, now testing support near 1.6030 (38.2% Fib and mid-channel).

  • A bounce could retarget 1.6260; deeper support sits at 1.6000 and 1.5950.

  • A breakdown below 1.5920 may open the door to 1.5767 or lower.

This issue blends macro caution with technical clarity. From gold’s resistance test to EUR/CAD’s pullback zone, the setups are clean and the catalysts are active. Whether you’re trading safe-haven flows or channel support, the roadmap is here.

Happy Trading!

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