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Buy-sell-signals

EMAs Support Bullish MomentumEUR/USD is showing signs of recovery, with the price trading near the resistance at 1.1200. The 34 EMA and 89 EMA have both undergone a crossover phase, which is usually a positive signal, suggesting that the bullish momentum could continue. The current chart shows the pair breaking out from lower levels, heading towards the resistance levels above. Based on the current EUR/USD chart and the bounce from recent support levels, the prediction is that the pair could continue to rise in the short term. The crossover of the 34 EMA and 89 EMA, coupled with the price currently testing the resistance zone around 1.1200, suggests that the bullish momentum could continue. If the price successfully breaks above 1.1200, the next target could be the 1.1250 area.
by Alexander_FXTrading
Catching the Uptrend Amid Expectations of Interest Rate CutsIn the context of the global economy witnessing major adjustments from central banks, gold prices continued to experience a spectacular week of price increases, reaching a new record high. The main reasons were the weak dollar and the continuous decline in US Treasury bond yields, combined with the tense geopolitical situation between Israel and Hezbollah. At the end of the trading session on September 23 at Kitco, gold recorded a price of 2,625.00 USD/ounce, slightly up 3.60 USD. The market is waiting for new signals from the US Federal Reserve (Fed) this week, especially the upcoming speech of Chairman Jerome Powell, along with the announcement of PCE price index data, an inflation measure that the Fed is particularly interested in. Technical analysis from the current chart shows that gold is trading right at a key resistance level, with a strong upside momentum supported by the 34 EMA and 89 EMA, which are acting as key support levels. Given the current economic and geopolitical factors, gold could continue its upward momentum if the upcoming monetary policy meetings of the Fed and other central banks yield further monetary easing decisions. Further rate cuts could further strengthen the buying interest in gold as a safe-haven asset. If gold breaks the current resistance level, the next target could be around $2,700/oz. In case the price falls below the supporting EMAs, one needs to keep a close eye on the support level at $2,560/oz, which could provide an ideal entry point for long positions.
OANDA:XAUUSD
by Alexander_FXTrading
Historic Turning Point: Gold Takes New HighGold has continued to rally, hitting new highs on the back of the Fed’s rate cut, which has weakened the US dollar and lowered bond yields. Gold is currently trading at $2,625.00, up slightly by 0.14%. Markets are expecting another rate cut by the Fed later this year, which continues to support gold prices. Technically, gold is currently above both the 34-EMA and 89-EMA, indicating a clear bullish bias. Traders should keep an eye on the next resistance level at $2,630. A successful break above this level could pave the way for further gains. However, if a correction occurs, the key support level to watch is $2,590. A pullback could be an opportunity for investors to buy, especially if the fundamentals remain bullish.
OANDA:XAUUSD
by Alexander_FXTrading