Daily market report EURUSD, GBPUSD, USDJPY, USDCAD, GOLD

This pair traded in line with our expectations after prices failed to overtake the hourly resistance of 131.80 which keeps the downside pressure intact.
From a technical standpoint, the trend is down, and sellers are expected to challenge the hourly support of 1.3050. Moreover, the pair is showing a series of lower highs and lower lows since the beginning of this month, reinforcing the bearish momentum.
From an intraday perspective, important resistance is located at the 131.00 level while the 130.50 is likely to continue acting as the main support, meanwhile, a break below it should expose the next support at 129.80 in the coming hours.
In the short term, we might see a limited retracement before new sellers appear.
Finally, any bounce is likely to be temporary while prices remain below the 131.00 resistance.

The pair dropped below the 1.3650 hourly support initially, however, buyers succeeded to push prices back up and we have seen a close on the positive territory above the 1.3700 level which signals that the recent breakdown was not valid. 
Looking at the chart below, we can see that demand is increasing and prices are likely to extend higher toward the 1.3750-1.3775 resistance zone.
In the near term, we can see that prices are trading sideways inside a range located between the 1.3810 high and 1.3630 low, consequently, traders should wait for a clear break outside of this band for future

Gold extended its advance yesterday as the bullish momentum remain strong.
The yellow metal managed to overtake the short-term barrier of $1985 and stabilized above it, which reinforces the bullish outlook. At the same time, prices need to break above this week’s high of $2010 to clear the path for another rally.
In the coming hours, we might see price stabilization, in the meantime, buyers are expected to keep control if prices manage to hold above the 1967 support. Only a daily close below this support should weaken the current uptrend.
Moreover, traders should keep an eye on the rising trendline to assess the strength of the existing uptrend.