EUR/USD Struggles Below 1.0500 Amid USD StrengthEUR/USD remains under pressure, trading below 1.0500 during Thursday’s session. The pair is weighed down by the U.S. dollar's ongoing recovery, fueled by conflicting statements from President Donald Trump regarding tariffs. This has kept EUR/USD capped below the 1.052 resistance, marked by two previous peaks.
📉 Technical Outlook:
Short-term bullish support remains at 1.046, but upside momentum is uncertain.
The pair is fluctuating around EMA 34 and 89, showing signs of confluence.
A break below 1.046 could signal further selling pressure, with lower targets in focus.
💡 Will EUR/USD break through this support level, or will buyers defend the trend? Share your thoughts!
2-sell
XAUUSD : Gold Prices Plummet Amid Market Uncertainty. Gold witnessed a significant decline today, plunging 400 pips to $2,877 per ounce, compared to $2,917 per ounce at the same time the previous day. This sharp drop within a short period reflects unexpected market movements in the global gold landscape.
The primary catalyst behind this steep decline stems from conflicting statements by U.S. President Donald Trump regarding tariff policies. He announced plans to impose tariffs on a wide range of goods, including an additional 10% tariff on Chinese imports, a 25% tariff on automobiles and certain European goods, and a 25% tariff on imports from Mexico and Canada, set to take effect on March 4.
These controversial remarks have fueled uncertainty, sparking concerns over the global economic outlook amid escalating trade tensions. As a result, investors rushed to offload gold holdings, seeking to secure profits and protect their capital from potential risks. This mass selling pressure led to a dramatic drop in gold prices within a short time frame.
Given the current landscape, gold is expected to remain highly volatile, particularly as U.S. tariff decisions continue to shape market sentiment and investor behavior in the coming days. Stay cautious and watch key levels closely!
XAUUSD : Bearish Momentum & Triple Top Formation Gold continues to decline within a well-defined descending channel, trading around $2,912 at the time of analysis. The market has formed a triple top pattern, indicating potential further downside if the price fails to break above resistance.
📉 Technical Outlook:
The $2,922 - $2,924 zone serves as a key resistance level.
The triple top at the upper boundary suggests a strong selling opportunity.
A breakdown from the current structure could drive the price toward the $2,893 target zone.
💡 Trading Strategy:
Sell near $2,922 - $2,924
Target 1: $2,900
Target 2: $2,893
Gold remains in a downtrend, and sellers are likely to dominate as long as the descending channel holds. Will the bearish structure continue? Let’s watch the price action closely!
EUR/USD: Continuing to Seek New HighsHey traders, what are you expecting from EUR/USD? Will it rise or fall?
From my perspective and analysis, it wouldn’t be surprising if EUR/USD continues to rise. The pair is moving around 1.050 and is strongly supported by the parallel price channel maintained by buyers.
EUR/USD’s target is further reinforced as it remains above the EMA 34 and 89 levels. As long as the price channel is protected, the strategy remains to buy when the price increases. The condition for this strategy is that the lower boundary of the channel must hold, and the 1.052 resistance must turn into support.
What about you? Do you agree with my view? Share your thoughts in the comments!
USD/JPY Consolidating Near Resistance – Reversal or Breakout?Currently, USD/JPY is moving within a horizontal consolidation zone, fluctuating around 150.39. The pair has seen a moderate recovery but remains within the descending trendline resistance.
Key Resistance at 152.13 – This is a crucial level to watch. If the price fails to break above this zone, sellers may step in aggressively, reinforcing the downtrend.
Additionally, the Exponential Moving Averages (EMA 34, 89) continue to indicate a bearish trend, suggesting that this short-term upward move might soon lose momentum.
GBPUSD TODAYGBP/USD has lost its bullish momentum from the previous session, slipping below 1.2650 as the US dollar regains strength. A surge in US Treasury yields, coupled with the House of Representatives approving the Republican Budget Plan, has added downward pressure on the pair, preventing any significant breakout. For now, GBP/USD remains trapped in a sideways range between 1.261 and 1.268, awaiting fresh catalysts for direction.
USD/JPY Extends Its Downtrend – Sellers in ControlUSD/JPY continues to extend its downtrend, trading around 149.455, and remains restricted within a parallel price channel.
The U.S. dollar remains weak in the market, making it difficult for USD/JPY to find any recovery momentum. From a technical perspective, the pair has yet to show signs of a strong reversal, as the EMA 34 continues to trend downward with no sign of ending.
Bearish market sentiment persists, keeping selling pressure high and extending USD/JPY’s losing streak.
From a personal standpoint, as long as sellers defend the price channel, selling strategies remain a priority. What about you?
EUR/USD Continues Its DowntrendHello traders! Let’s analyze EUR/USD and see where it might be headed next.
Currently, EUR/USD is extending its bearish momentum, trading near 1.0400 within a well-defined downtrend channel. The pair remains under pressure as the U.S. dollar gains strength, driven by hawkish signals from the Federal Reserve, reinforcing expectations that interest rates will remain high. Additionally, weak European economic data and market uncertainty have further weighed on the euro.
Technical Outlook:
The pair broke below key support and is now consolidating within a demand zone.
A potential pullback to 1.0429 (Fibonacci retracement & trendline resistance) could offer a selling opportunity if price fails to break higher.
If the bearish structure holds, EUR/USD could drop further towards 1.0360 and beyond.
XAUUSD : Fake Breakout or Trend Reversal ?Gold experienced a sharp decline, briefly breaking below key support levels and hitting a low of $2,896 before rebounding. The sudden drop caused high volatility, but buyers quickly stepped in, pushing the price back toward the previous consolidation zone. It is now trading around $2,925.
Currently, gold is attempting to re-enter the price range of $2,920 - $2,950. If the price fully recovers and trades within this range, it could confirm a fake breakout, signaling that the bullish trend remains intact.
Looking ahead, if gold successfully stabilizes above the lower boundary of this range, we might see another attempt to break above $2,950, potentially aiming for new highs. However, failure to hold above key levels could trigger renewed selling pressure.
📌 Key Levels to Watch:
Support: $2,895 - $2,924
Resistance: $2,940 - $2,950
EUR/USD Had to Reverse After Facing 1.0500 ResistanceFX:EURUSD had to turn back when facing the 1.0500 resistance level. The euro’s weakness was mainly due to the strong recovery of the U.S. dollar, despite weak U.S. PMI data. However, this weakness was mitigated as support zones remain strong and active.
As seen on the chart, FX:EURUSD formed a new high, surpassing the previous peak. If this is not a false breakout, the pair has all the necessary factors to push higher in the near future (including an upward trendline, EMA 34 and 89 reversal, and a series of higher highs and higher lows).
However, in the short term, it needs to retest and accumulate more momentum, with support at 1.0460 and 1.0410 providing a crucial foundation.
Looking ahead, we should pay attention to key economic events that may impact FX:EURUSD including economic reports from the Eurozone and the U.S., as well as speeches from ECB and Fed officials. These insights could provide further clues on monetary policy and economic outlook, influencing the pair’s trajectory.
What about you? Do you think EUR/USD can sustain this uptrend?
XAUUSD : Is the Rally Set to Continue ?Hello everyone! It’s great to be back for another discussion on gold prices today.
Currently, gold continues to hold its bullish momentum, trading around $2,950, with a slight pullback that is not a major concern. This uptrend is driven by strong safe-haven demand, as investors remain wary of a global trade war, following President Donald Trump’s new tariff threats. Additionally, central banks continue to purchase gold, further pushing prices higher.
According to Goldman Sachs, gold could reach $3,200 by the end of this year. The primary reason behind this forecast is strong demand from central banks and investors seeking safe-haven assets, amid global economic uncertainty and new U.S. tax policies.
📉 Short-Term Outlook:
On the charts, gold remains capped below the $2,955 resistance level. The metal must break through this level to establish any meaningful upside momentum. Key support levels to watch include the EMA 34 and 89 signals, along with the $2,935 support zone.
💬 What do you think? Can gold continue its rally, or will we see a short-term correction?
GBP/USD Short-Term DowntrendGBP/USD is declining in the short term, moving within a parallel descending channel. If the pair fails to break above both the channel and the 1.2680 resistance, consider a sell opportunity.
Pay attention to the 1.2610 support area, where GBP/USD may gain momentum or break lower toward the bottom limit of the channel.
Wishing you successful trades! Don’t forget to share your thoughts in the comments!
EUR/USD Unexpected DropThe EUR/USD currency pair has been showing significant volatility recently, with the current trend being bearish, as it has broken above both the 34 and 89 EMAs. This indicates an increase in selling pressure, with the current price at 1.05240, lower than the previous days, and approaching the important support level at 1.05000. Notably, there is also a gap on the chart, indicating a sudden interruption in trading, which is often a sign of sudden important news or events.
Personal opinion: In the current context, although the bearish trend may be worrying for many investors, I believe that this could also be an opportunity to buy at low prices if the euro starts to recover. The fact that the price is currently below both EMAs could further deepen the downtrend, but this could also lead to a strong recovery if there are supporting factors from economic data or from the policies of the European Central Bank.
How to Navigate Gold Investments in the Current Context?In recent days, gold prices have seen a significant decline, currently at $2,630/ounce, down to $18. This reflects clear pressure from investors as they see that US inflation is not yet "hot" enough to expect an early interest rate cut from the Fed, although the core personal spending index has increased by 2.8% over the past 12 months. In correlation with strong economic indicators and current geopolitical sentiment, gold may no longer be the safe haven it has always been.
Looking at the chart, it is clear that gold prices are struggling to maintain the important support level at $2,640, which was clearly broken in the recent trading session. Technical analysis shows that gold is trading below both the 34 EMA and the 89 EMA, which suggests that the short-term downtrend could continue. However, this also opens the door for a price recovery if there are unexpected positive economic signals.
My personal short-term view is that gold prices may continue to be under downward pressure. Stronger-than-expected US economic data and no signs of a change in the Fed's monetary policy are the main factors that are putting pressure. However, in the long term, I remain optimistic about the value of gold as a safe investment, especially in the context of central banks around the world such as Poland and Hungary actively buying gold as a hedge against geopolitical uncertainties.
USDJPY: Approaching Key Support at 150.000USDJPY is trading around 150.038, testing the critical support level at 150.000 after a sharp decline. The EMA 34 (152.215) and EMA 89 (150.899) act as strong resistance, limiting recovery momentum. If this support level is breached, the price may continue to drop toward the 148.000 zone, a significant previous low.
Conversely, if the 150.000 level holds and the pair breaks above the EMA 34, USDJPY could target the 152.000 resistance level. News of the ceasefire in the Middle East has reduced safe-haven demand, putting pressure on the Japanese Yen, while the US Dollar remains strong due to high US Treasury yields. Traders should closely monitor these levels to adjust their strategies accordingly.
EURUSD: Bullish Signals but Facing Major ResistanceEURUSD is currently trading around 1.05692, showing a slight recovery from recent lows, with the EMA 34 providing dynamic support and the EMA 89 acting as a key resistance level.
Price action indicates short-term bullish signals, but the strong resistance at 1.06500 could pose a significant challenge. If this level is breached, EURUSD may extend its upward momentum towards higher targets around 1.07000.
Conversely, failure to hold above the EMA 34 could see selling pressure push the price back to test support at 1.05200 or lower.
News of the ceasefire in the Middle East is reducing safe-haven demand, supporting a stronger USD, which in turn is pressuring EURUSD.
Selling Pressure at Resistance, Downtrend Forecasting AheadThe 4-hour chart of USD/JPY shows a clear bearish pattern after the price failed to break above a key resistance level around 152.000. The slight bounce we saw recently may have been a weak attempt to retest this level, but with the lack of strong buying momentum, the price seems to be preparing for a deeper decline.
The rebound and reaction at this resistance area is typical of a distribution market, where previous buyers may be looking to cut their losses, and new sellers are entering the market. The 34 EMA has crossed below the 89 EMA, a sign that the downtrend may continue.
I appreciate the retest of the resistance level and see this as an opportunity to consider short positions. If the price breaks below the current support around 150,280, this could initiate a new bearish phase, towards the next support level around 149,000.
Gold: Turning Point at $2,650, Recovery or Bearish?On the 1-hour chart of gold, we are witnessing a crucial point as the price is trading close to the 34 EMA and 89 EMA, both of which are forming an area of technical support around $2,650/ounce. The convergence of these two EMAs, combined with the current price, provides an indication that the market may be in a decisive phase.
Technically, if the gold price holds and starts to recover above this support level, it will confirm stability and the potential for a short-term rally, towards the next resistance level. Conversely, a clear and sustained break below $2,650 could open a new bearish trend, sending the price further down, testing lower support levels.
Based on the current moves and market structure, my personal view is that gold prices are likely to see short-term stability above the EMAs, setting the stage for a mild recovery.
EUR/USD: Breakout from Triangle AccumulationThe EUR/USD 1-hour chart shows a triangle pattern forming, which is a sign of accumulation before a breakout. A breakout of this pattern to the upside, as it has recently done, could signal that the next bullish trend is likely to continue.
The price has broken above the EMA 34 and is approaching the EMA 89, which suggests that the bullish trend may be increasing. If the price sustains above the EMA 89 and continues to break above the previously drawn horizontal resistance around 1.0577, we can expect a significant upside move.
Personally, I would advise traders to closely monitor the price interaction with the EMA 89 and the resistance at 1.0577 in the coming hours to determine a suitable trading strategy. At the same time, it is indispensable to follow economic news that may affect EUR/USD to get a comprehensive view of the current market trend.
EUR/USD: Hot Spot at 1.0594, Opportunity or Challenge?Looking at the 4-hour chart of the EUR/USD pair, I see a few key points that indicate the potential for the trend to develop in the near future. The pair has recently shown a fairly clear recovery from the lows, with the price currently trading near the important resistance level of 1.0594. This level has acted as resistance in the past and could now test the ability of traders again.
From a technical perspective, the price approaching this level could lead to two main scenarios: If EUR/USD can break above 1.0594, we could see the rally continue to higher levels, possibly reaching 1.0650 or higher.
Gold Stabilizes Amid Policy and Inflation WaitLooking at the 4-hour chart of gold, we can see a sideways trend in recent trading sessions, especially during the Thanksgiving holiday when the market lacked strong transactions. The stability of gold prices at $2,636/ounce reflects investors' waiting for new signals from the market and policymakers.
The highlight of the chart is the current support and resistance levels. Gold is trading below both the 34 and 89 EMAs, indicating downward pressure, although not too strong. The recent crossover of these two EMAs suggests some price instability, but not enough to determine a clear trend.
In the current context, there are a number of macro factors affecting gold prices that investors should pay attention to. First, expectations of a Fed rate cut in 2025 based on PCE data showing slowing inflation could weaken the USD and support gold as a safe-haven asset. Second, concerns about new tax policies from the Trump administration could create uncertainty in financial markets, making gold more attractive as a safe-haven option.
Personally, I think gold is likely to remain stable or slightly increase in price in the short term, reflecting its role as a hedge against risk in the current environment.
Gold DowntrendBased on the 1-hour chart of gold trading against the USD, I see a few key points for investors to pay attention to. After a strong rally, gold has seen a significant drop, with the price breaking below both the 34 EMA and 89 EMA, suggesting that a short-term downtrend may be forming.
From a technical perspective, the crossover between the two EMAs has previously been a sign of a trend change, and the current price holding below these lines suggests that selling pressure may continue. This rapid decline could be the result of investors taking profits after the price reached new highs.
Gold Prices Rise Steadily, Testing the 2,658 USD/oz LevelGold prices increased for the third consecutive session, reaching a one-week high of 2,647.43 USD/oz on November 20, supported by its role as a safe-haven asset amid escalating tensions between Russia and Ukraine. However, the rally was capped by a recovering USD, making gold more expensive for international buyers.
The 2,551 level has been confirmed as strong support after two successful tests, prompting a sharp rebound. The 2,658 level is the next immediate target for prices to break, while the 2,789 zone is the next potential peak if the bullish trend persists.
Following a significant correction from the previous high, gold may form a double-bottom pattern around 2,551, signaling strong buying pressure. Currently, prices are testing the 2,658 resistance level and show signs of continuing the upward trend if this level is breached. If a pullback occurs, the 2,652 zone (EMA 34) will serve as an essential support level to watch.