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Gold Prices Slide Amid Ceasefire Hopes and Inflation RisksGold prices today continued their downward trend, with trading currently hovering around $2,631. Earlier, the precious metal had experienced a sharp drop of over 3%—its steepest daily decline in more than five months—following news that Israel and Hezbollah forces in Lebanon were edging closer to a ceasefire agreement. Adding to the pressure was U.S. President-elect Donald Trump's nomination of Scott Bessent as Treasury Secretary. President-elect Trump's pledge to impose steep tariffs on America's three largest trading partners has been predicted to ignite trade wars and bolster gold's appeal as a safe haven. However, such tariffs may also bring heightened uncertainties, including the risk of rising inflation. This could prompt central banks to halt interest rate cuts, thereby exerting further pressure on gold prices.
OANDA:XAUUSD
by Mr_Siro
5
EUR/USD Awaits Breakout from Key RangeUR/USD is currently trading at 1.04842, showing little movement as it consolidates within a tight range. The price has been oscillating between a key resistance at 1.0497 and support at 1.0460, with neither side gaining the upper hand just yet. This range-bound behavior highlights market indecision, as traders await clearer signals for the next move. At the upper end, the resistance zone has proven strong, with multiple rejections (as marked by the red arrows) halting any upward momentum. On the lower side, the support around 1.0460 has held firm, preventing a bearish breakdown. This equilibrium between buyers and sellers sets the stage for a potential breakout. Looking ahead, two scenarios are likely. A bullish breakout above 1.0497 could pave the way for further gains, signaling renewed optimism for the Euro. Conversely, a breakdown below 1.0460 may lead to a deeper decline, possibly targeting levels around 1.0420 or even lower. With the consolidation nearing its limit, the pair appears primed for a decisive move. For now, EUR/USD traders should remain vigilant, closely monitoring these key levels. A breakout or breakdown will not only define the short-term direction but could also present opportunities for strategic positioning.
by Mr_Siro
EUR/USD: Recovery Faces Key Resistance LevelsEUR/USD is currently trading near 1.0481, attempting a recovery after finding short-term support around 1.0460. The pair is retracing its earlier losses but remains under pressure within a bearish structure. The immediate resistance lies at 1.0498, where sellers are likely to re-emerge. A break above this level could push the price toward the stronger resistance zone around 1.0534. However, failure to sustain above these levels might see the pair reversing toward the 1.0460 support. If EUR/USD breaks below 1.0460, further declines toward the next support zone at 1.0397 are likely. This level could act as a critical juncture for determining whether the bearish momentum will extend. The pair remains in a cautious state, with sellers dominating at key resistance levels. Traders should watch for price action near 1.0498 and 1.0460 to confirm the next directional move. For now, the bearish bias remains intact unless a decisive breakout occurs.
by Mr_Siro
GBP/USD: Bearish Momentum Persists, Eyes on Key Support LevelsGBP/USD is trading near 1.2560, extending its downward trajectory after failing to break the critical resistance at 1.2685. The rejection at this level underscores persistent bearish pressure, driving the pair lower in recent sessions. The immediate focus is on the 1.2500 support level, which may provide temporary relief. However, a decisive break below this level could pave the way for further declines toward 1.2360, a key zone where buyers might attempt to regain control. Upside potential remains capped as long as GBP/USD stays below 1.2685. Any retracement into the 1.2600-1.2650 range is likely to attract fresh selling interest, aligning with the prevailing bearish trend. With momentum firmly favoring the downside, GBP/USD remains vulnerable to further losses, making short positions a strategic consideration. Happy trading, and may your trades be profitable!
Short
by Mr_Siro
Gold Shines Amid Global UncertaintyLast week, gold posted an impressive gain of over $150 per ounce, recovering strongly across all trading sessions. This remarkable performance highlights the unwavering confidence of investors in the precious metal, particularly during times of economic and geopolitical turmoil. From a personal perspective, gold's upward momentum is expected to remain supported by safe-haven demand as geopolitical tensions continue to escalate. Additionally, the "buy-the-dip" activity during minor corrections has helped sustain gold prices at elevated levels. In the short term, if gold holds above the critical $2,700/ounce mark, the likelihood of it advancing to $2,800/ounce increases significantly. Moreover, optimistic forecasts suggest that gold could reach $3,000/ounce by next year, despite the challenges posed by a strong US Dollar and rising US bond yields. Gold continues to solidify its role as a "safe harbor" during uncertain times. With its current upward trajectory, the precious metal remains a highly attractive asset, drawing robust interest from investors across the globe.
OANDA:XAUUSDLong
by Mr_Siro
5
BICO/USDT Looks Ready to Pump – Targets Up to $3.50BICO/USDT Looks Ready to Pump – Targets Up to $3.50 🚀 OMXSTO:BICO is showing strong momentum with good volume recently. If it holds the $0.2860 support level, we might see a big upward move. ▪️ Entry Zone: I am looking to accumulate between $0.32 and $0.29. ▪️ Targets: $0.66/$1.00/$1.83/$2.50/$3.50 ▪️ Stop Loss: To manage risk, the stop loss is set at $0.2540. Note: Watch the support level and volume closely for confirmation of the bullish trend. Not financial advice so DYOR.
Long
by CryptoPatel
EUR/USD: Bearish Momentum Gains StrengthEUR/USD is trading near 1.0414, maintaining its downward trajectory after breaking below the key range between 1.0839 and 1.0311. This breakdown indicates strong bearish momentum and suggests further downside potential. The immediate resistance now lies at 1.0414, where sellers are likely to remain in control. A failed attempt to reclaim this level could solidify the bearish bias, pushing the pair lower in the coming sessions. The next significant support is around 1.0311, a critical historical level. If this support is breached, EUR/USD may extend its decline toward the major psychological level at 0.9908, marking a significant drop. For now, any pullbacks to the 1.0414-1.0500 zone could offer opportunities for short positions, aligning with the prevailing bearish trend. Traders should remain cautious and focus on the momentum around these levels for clearer direction.
Short
by Mr_Siro
Gold Prices Surge, Eyeing the $2,800 MilestoneToday, global gold prices have continued their impressive rally, with spot gold reaching $2,716.33/ounce, up nearly $46.7 (+1.75%) compared to the previous day. This marks one of the strongest gains in recent weeks, pushing gold to its highest level since early November. Key Drivers Behind Gold's Rally Safe-Haven Demand: Heightened global economic uncertainties and escalating geopolitical tensions have driven investors toward gold as a reliable store of value. The renewed optimism around gold's role as a safe haven has significantly boosted demand. Loose Monetary Policies: Central banks, especially the Federal Reserve (Fed), are maintaining low interest rates, reducing the appeal of yield-based assets such as bonds while enhancing gold's attractiveness. Weakening US Dollar: A softer US Dollar has made gold more appealing to investors using other currencies, further driving its upward momentum. Technical Analysis On the daily chart, gold has broken through the key resistance zone at $2,660-$2,670/ounce and is now targeting the next level at $2,787/ounce. This breakout indicates strong bullish momentum, with potential for further gains if the price sustains its upward trajectory. The nearest support zone lies around $2,656-$2,660/ounce, which could act as a retest level before another potential push higher. Should gold surpass the $2,787/ounce mark, it may move toward $2,800/ounce and beyond, signaling the start of a new bullish cycle. However, a minor correction could occur as the price approaches key resistance zones. Outlook Backed by strong fundamental and technical factors, gold appears poised for continued growth. However, traders should closely monitor the $2,787/ounce level, as it serves as a critical resistance point that could determine the next direction for prices. As gold shines brighter on the financial markets toward the year’s end, will it break the $2,800/ounce milestone and carve its place in history? Stay tuned!
OANDA:XAUUSDLong
by Mr_Siro
1
Gold Rally Nears Key ResistanceSpot gold rose by $21.1 to $2,669.5/ounce, while gold futures climbed $23.5 to $2,672.5/ounce. This marks the fourth consecutive session of gains, reaching its highest level in over a week, driven by strong safe-haven demand. Key drivers include Nvidia's gloomy revenue forecast, escalating tensions between Russia and Ukraine, and the U.S. veto of a UN Security Council resolution on a ceasefire in Gaza. These factors have shifted investor interest towards gold as a safe-haven asset amidst growing uncertainties. Notably, gold prices have surged by 4% this week, the best weekly performance since April, rebounding from the sharpest drop in three years. Personally, I believe the next target is breaking the $2,700/ounce resistance level, potentially paving the way for further gains. What about you? Do you think gold will conquer this critical milestone?
OANDA:XAUUSDLong
by Mr_Siro
7
EURUSD Outlook: Bearish Continuation LikelyThe EURUSD pair remains under pressure, trading near 1.0590 as sellers continue to dominate the market. Recent attempts to recover have been capped near the highlighted resistance zone, aligning with key moving averages, reinforcing the bearish sentiment. Technically, the pair shows a clear rejection at resistance levels, suggesting further downside potential. If the price fails to reclaim 1.0786, a continuation of the downward trend is anticipated, targeting the 1.0527 support zone initially. A break below this level could open the door for a deeper decline toward 1.0500 and beyond. Traders should monitor the price action near the resistance zone closely, as any break above it could temporarily challenge the bearish momentum. However, the overall outlook remains bearish unless significant recovery signs emerge.
Short
by Mr_Siro
Update the latest gold price todayOn November 18, gold prices soared nearly $50, breaking a six-session losing streak as the U.S. dollar paused its rally and the Russia-Ukraine conflict intensified. Spot gold closed the session at $2,611 per ounce, recovering from a two-month low. The sharp rise in gold was partly fueled by U.S. President Joe Biden's announcement allowing Ukraine to utilize long-range weapons supplied by the U.S. to target deep inside Russian territory. This escalation in geopolitical tensions has significantly boosted demand for gold as a safe-haven asset. This recent rally underscores gold's resilience in times of heightened uncertainty, with investors flocking to the precious metal amid a volatile global landscape.
OANDA:XAUUSD
by Mr_Siro
5
GBPUSD: Struggling Around 1.2670 Amid Bearish PressureGBPUSD continues to fluctuate near the 1.2670 level, with recovery prospects overshadowed by a prevailing downtrend and key market dynamics. Market Influences -UK Data: Weak retail sales and manufacturing output have weighed on GBP sentiment. Upcoming inflation or GDP data may trigger volatility but remain under bearish pressure. -Fed Policy: The Fed's hawkish stance and higher U.S. bond yields continue to strengthen the USD, limiting GBPUSD's recovery attempts. -Brexit & Politics: Ongoing uncertainty surrounding UK-EU trade relations exerts significant pressure on the pound. Trend Analysis -Short-Term Outlook: The pair is trading within a descending channel, with modest recovery efforts from recent lows near 1.2600. -Key Resistance: The 1.2870–1.2910 zone remains critical; failure to break above this area could reinforce the bearish trend. -Downside Targets: Prolonged pressure may drive GBPUSD to retest the 1.2600 level, with potential extensions to 1.2500 if bearish momentum persists. Outlook The bearish trend continues to dominate unless GBPUSD breaks above the resistance zone. Traders should monitor upcoming economic releases and shifts in risk sentiment to gauge the pair's direction.
by Mr_Siro
Gold Faces Steady Decline Amid USD Strength and Fed ExpectationsGold closed the week with relatively stable movements, trading around $2,563 with a slight recovery, though the overall trend remains bearish. Despite minimal changes in price, gold stayed near its two-month low as the U.S. dollar continued its strong rally. The robust performance of the dollar and reduced expectations of aggressive rate cuts by the Federal Reserve have pressured gold, leading to its worst weekly performance in over three years. The precious metal struggled to gain traction amidst these headwinds. Looking ahead, the gold market could face further challenges. President-elect Donald Trump's proposed tariffs may drive inflation higher, potentially slowing down the Fed's rate-cutting cycle. Rising interest rates make gold less attractive as investors turn to higher-yielding assets, leaving the metal at a disadvantage.
OANDA:XAUUSDShort
by Mr_Siro
4
GBPUSD Faces Continued Pressure with Key Support Levels in FocusThe GBPUSD pair remains under bearish pressure as it trades near 1.2616, consolidating within a downward trend. Recent price action highlights a breakout below key support levels, reflecting the dominance of sellers. Technical indicators such as the EMA 34 and EMA 89 confirm the downtrend, while resistance levels near 1.2664 continue to cap any upward attempts. The recent breakout below the blue support zone signals potential for further downside, with 1.2540 emerging as the next target if bearish momentum persists. The overall trend suggests a strong influence of USD strength, driven by market expectations and global economic developments. For traders, the area near 1.2650 may provide a retest opportunity, but the broader sentiment remains in favor of sellers until significant bullish signals emerge.
Short
by Mr_Siro
1
EUR/USD Slips Amid Strong Downward MomentumThe current downtrend in the EUR/USD pair is evident, with the price testing a critical support level around 1.0550. Over the past few months, EUR/USD has consistently depreciated, largely driven by the strengthening of the USD and unfavorable factors for the Euro. This support level has previously acted as a From a technical perspective, if this support zone fails to hold, the price is likely to continue its decline towards the next level around 1.0311, according to Fibonacci levels. This is a strong psychological level that could further pressure investors looking to maintain long positions. Signals from the moving averages also confirm the bearish trend, as these lines are aligned above the price, reinforcing the negative outlook.
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Short
by Mr_Siro
2
GBPUST: Sell to win ! The GBP/USD pair is currently trending downward, with prices continuing to slide after encountering resistance. At present, the pair is hovering around the 1.2685 mark, with potential for further declines if it fails to recover above the resistance zone. This area around 1.2875-1.2972 has proven to be a significant resistance level, where sellers have previously regained control. If the downtrend continues, GBP/USD may target the support area near 1.2550, which could provide some stabilization for the pair. However, a break below this support could lead to a deeper decline. Traders are advised to watch for any potential reversal signals around the resistance area.
Short
by Mr_Siro
GBPUSD Eyes Further Downside Amid Strong ResistanceGBPUSD is currently facing downward pressure, trading near resistance zones around 1.27796 and 1.28758. Recent price action has shown a struggle to gain upward momentum, with sellers stepping in around these resistance areas. This setup suggests a potential continuation of the bearish trend, especially if the pair fails to break above the highlighted resistance levels. Technically, GBPUSD is forming a descending pattern, indicating that sellers may remain in control. If the price cannot sustain any upward push, it may target lower levels, with possible support around 1.26817. Should this support give way, the next target could extend towards 1.25500 or lower.
Short
by Mr_Siro
Gold Price Tests Key Support Amid Downward MomentumThe current gold price is testing support around $2,560, reflecting a downward trend that began after reaching recent highs. The resistance at $2,607 has proven resilient, contributing to the bearish sentiment as prices struggle to regain momentum. If gold fails to establish a reversal pattern above this support level, we could see further declines toward the next key support zone around $2,480. This area is highlighted as a potential bounce-back region, where buyers might re-enter the market. However, any recovery will need to break above the previous resistance to shift the trend back to a bullish stance.
OANDA:XAUUSDShort
by Mr_Siro
4
EURUSD : Sell ​​when the price decreases !The EUR/USD pair is currently facing a strong resistance zone around 1.0710, which could determine its next directional move. Recently, the pair has shown a bearish trend, with each attempt at recovery met by selling pressure at key levels. If sellers maintain control, there is potential for further declines toward lower support levels. From a technical perspective, the price has respected a descending trend and remains below the key moving averages, signaling continued downside risk. Should the resistance hold firm, a retest of recent lows or even a further slide could be anticipated.
Short
by Mr_Siro
Gold Prices Drop Amid Strong Dollar SurgeGlobal gold prices have seen a sharp decline, with spot gold dropping by $24.7 to $2,597.9 per ounce, marking the lowest level in nearly two months. This downward trend reflects the pressure from a robust recovery of the US dollar, as the US Dollar Index has climbed to its highest level in four months. This strength in the dollar makes gold more expensive for buyers holding other currencies. In my view, the strengthening USD is a primary factor putting pressure on gold prices, especially as the inverse relationship between gold and the dollar has re-emerged strongly following the US presidential election. Potential policies from President-elect Donald Trump could benefit the USD, with US interest rates likely remaining high for an extended period—a scenario that is generally unfavorable for gold.
OANDA:XAUUSD
by Mr_Siro
3
GBPUSD: Continue to prioritize selling The GBP/USD pair extended its decline, dropping below 1.2810 in Tuesday's trading session at the time of writing. The U.S. dollar remains robust as Trump-related trades continue to gain momentum, keeping the downward trend in the major currency pair intact after breaking through chart-marked support levels. On the USD side, the potential for the Trump administration to propose policies like high tariffs, tax cuts, and interference with the Federal Reserve's monetary policy could strengthen the dollar and bond yields, creating additional resistance for GBP/USD.
Short
by Mr_Siro