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XAU/USD Uptrend Remains StrongGold prices have recovered from recent declines and are currently trading around 2,690 USD during the Asian session, following a pullback from a five-week high. On the 4-hour chart, gold is moving within a stable uptrend channel, strongly supported by the EMA 34 at 2,679 USD and the EMA 89 at 2,663 USD. These are key dynamic support levels that help maintain the short-term bullish momentum. The nearest support lies at 2,676 USD, aligned with the lower boundary of the uptrend channel. If the price holds above this level, the likelihood of a rebound to test the resistance at 2,725 USD is very high. Should this resistance be breached, the next target would be 2,750 USD, or even as high as 2,770 USD. Conversely, if the price breaks below 2,676 USD, selling pressure could drive gold toward the 2,663 USD support before recovering. The upward-sloping EMAs and increased trading volume near support levels indicate that the bullish momentum remains intact. With the Fed's interest rate decision due next week, traders should closely monitor key support and resistance zones to optimize their strategies, as the short-term outlook remains firmly bullish.
OANDA:XAUUSDLong
by Thaco_
2
Gold is in a strong uptrendOn the chart, gold is currently trading above both the 34 AND 89 EMAs, reinforcing the short-term uptrend. However, I see that gold has not broken out of 2,720. If it breaks out of here, the uptrend will be confirmed. In addition, gold prices are currently fluctuating in the context of the Bank of Canada cutting interest rates. The European Central Bank (ECB) and the Swiss National Bank (SNB) will further cut interest rates later this week. From there, the market expects a third interest rate cut by the US Federal Reserve (FED) next week. Another development is that investors have increased their purchasing power after China resumed buying gold. Especially when this country announced that it will apply a suitable monetary easing policy in 2025. Therefore, gold is still considered a safe investment channel and tends to increase in an environment of increasingly decreasing interest rates.
OANDA:XAUUSD
by luxubu_trader
2
Gold Price Analysis: A Potential SetupGold prices have experienced a slight decline compared to this time yesterday. From a technical perspective, the chart reveals a developing cup-and-handle pattern, indicating the potential for a price increase. Keep an eye on the marked resistance around the $2,720 level to identify a strategic entry point, as the buying strategy currently holds strong potential. What about you? Do you think now is the right time to buy gold, and what is your trading strategy?
OANDA:XAUUSDLong
by Ryu_Axel
US Inflation Pressures MarketsOn the 4-hour chart, gold is currently testing the support zone at $2,680–2,670, near the 34-EMA and 89-EMA. The key resistance zone is located at $2,720–2,726. Gold prices fluctuated wildly today after the US inflation report showed that the producer price index (PPI) in November increased by 0.4% compared to the previous month, far exceeding expectations of only 0.2%. This information has increased concerns about inflationary pressures, causing investors to sell stocks and shift capital to safe-haven assets such as gold. On the monetary policy front, the ECB continued to cut interest rates for the fourth time this year, fueling expectations that the Fed will also cut interest rates at its upcoming meeting. This could put downward pressure on gold if the USD regains strength. I predict that gold prices will continue to fluctuate within the range of 2,670–2,700 USD, with the possibility of further decline if the support zone of 2,670 USD is broken.
OANDA:XAUUSD
by luxubu_trader
The Japanese Yen Trims Part of Weekly Losses Against USDUSD/JPY maintains its upward trend as the JPY only partially trims its weekly losses against the USD, despite the dollar’s slight recent weakness. The JPY's gains are limited by uncertainty surrounding a potential BoJ rate hike in December and a risk-on market sentiment, while expectations of a hawkish Fed continue to support the USD, driving the pair higher. On the 4-hour chart, USD/JPY is trading steadily above the EMA 34 and EMA 89 levels at 151.36-151.60, which serve as key dynamic supports. The price might consolidate in this zone before rebounding to test the resistance at 152.50. If this resistance is broken, the next target will be the 153.98 zone. Conversely, a break below 151.50 could push the pair toward deeper support at 151.00 before resuming its upward trend. With technical indicators still favoring the bullish trend and trading volume increasing near resistance levels, USD/JPY is likely to maintain its bullish momentum. The short-term target is 152.50, with a broader aim at 153.98. Traders should closely monitor key support and resistance levels to optimize their trading strategies.
Long
by Sophi-A
GBPUSD today GBP/USD remains stable within its channel range, fluctuating around the EMA zone. Despite the higher U.S. Treasury yields, the pair has edged slightly higher as the U.S. Dollar corrected after breaking a four-day winning streak. The market's focus now shifts to U.S. PPI data and jobless claims reports. In the meantime, aim for key levels at both bounds of the channel and strategize your buy or sell positions accordingly. Keep a close watch on this pair's movements. Good luck!
by Ryu_Axel
1
Gold Price Today: The Uptrend Is Not Over Yet!At the close of trading on December 11, gold prices continued to maintain the upward momentum from many previous days, however, the momentum was hindered as it faced resistance at $2,716, causing the precious metal to correct back early today with prices fluctuating around $2,710 with a decline of 0.26% on the day. If this correction continues, gold will soon touch the 0.618 Fibonacci level to consolidate the upward momentum as the EMA 34, 89 has reversed. On the other hand, all attention is now on PPI data, expected to be released on Thursday to clarify the Fed's interest rate cut roadmap. The prediction is 96% likely that the Fed will cut another 25 basis points at the meeting on December 17 and 18, compared to about 86% before the inflation report was released. If true, gold will continue to rise. Wish you happy trading and lots of profit. Don't forget to like to support Kevinn!
OANDA:XAUUSDLong
by Ryu_Axel
EURUSD is currently in a downtrend channelOn the chart, the EURUSD pair is currently trading in a downtrend channel. In addition, the EMA 89 is currently above the EMA 34, which shows that the short-term downtrend is dominant, especially in the context of the USD being supported by recent positive economic data. Personally, I see that the short-term trend is still down. In the coming time, if this currency pair breaks out of the 1.04500 level, it will fall to the next target around 1.04000.
by luxubu_trader
Gold increases when inflation in the United States decreasesYesterday, gold price increased, maintained at over $ 2,700, despite the high US bond yield. The US CPI data confirmed that the deflation situation is going on, strengthening the expectation that the Federal Reserve will cut interest rates next week. Based on the chart, it can be seen that the gold price is fluctuating on 2 ema 34 and EMA 89, showing a next gain. However, before that, the price of gold will return and test the supporting area of ​​2,616, if the price is maintained the ability to turn on the increase in the resistance of 2,793 is very high, and the interest rate continues to cut, the price of gold can go far away. More than 2,900. Predict the ability to cut interest rates, with the swap rate of 92%, the next will focus on the upcoming PPI data and the number of unemployment benefits. Traders need to consider this information to be able to trade more smoothly.
OANDA:XAUUSDLong
by Sophi-A
USD/JPY Extends Uptrend, Targeting Resistance at 154.40USD/JPY continues its uptrend, trading around 152.90 after JPY hit a two-week low. The weakness in JPY, driven by fading expectations of a BoJ rate hike and rising U.S. bond yields, continues to bolster USD strength. On the 4-hour chart, USD/JPY maintains a stable upward trend with consecutive higher highs and lows. The EMA 34 and EMA 89 levels at 151.72 and 151.60, respectively, serve as strong dynamic supports, while the nearest support at 151.90 is a crucial level for sustaining bullish momentum. If the price holds above this area, USD/JPY could extend its rise, testing the key resistance at 154.40. A breakout above this resistance could pave the way for the next target at 155.00. Conversely, a break below 151.70 may trigger selling pressure, pushing the price down to 151.00 before a potential rebound. With upward-sloping EMAs and strong buying interest near support zones, the bullish outlook remains dominant. Traders should closely monitor fundamental factors like BoJ policies and U.S. economic data for further direction.
Long
by Thaco_
EUR/USD Remains Within Downward ChannelOn the 1-hour chart, EUR/USD is trading around 1.0462, remaining within the downtrend channel that has been forming over the past few sessions. The RSI (14) is currently at 40.43, near oversold territory, indicating that bearish pressure remains but a short-term correction is possible. Short-term prediction I expect EUR/USD to continue trading within the downtrend channel, with the possibility of testing the support level at 1.0440. If this zone is broken, the price could continue to fall further. Conversely, a slight correction could see the price test the resistance level at 1.0485, but the possibility of breaking out of the downtrend channel is low in the short term.
by luxubu_trader
EUR/USD: Sideways Trend with Dominant Downward PressureEUR/USD continues to decline for the fifth consecutive day, trading below 1.0500, as the ECB’s 25-basis-point rate cut weakens the Euro, while the USD maintains its strength due to stable market sentiment. On the 1-hour chart, EUR/USD is moving within a clearly defined downward channel, with lower highs and lower lows. The current price is below the EMA 34 and EMA 89 at 1.0491 and 1.0511, reinforcing the bearish pressure. The nearest support lies in the 1.0450-1.0440 range, where the price may temporarily find buying interest before continuing its decline. If this level is breached, the next target would be 1.0420. Conversely, the key resistance level is at 1.0498, aligned with the upper boundary of the descending channel. A breakout above this level could trigger a short-term rebound, although this scenario seems less likely under the current conditions. Traders should closely monitor key support and resistance levels to optimize their strategies, as the dominant outlook remains bearish.
Short
by Thaco_
EUR/USD decreased before the ECB interest rate callThe EUR/USD exchange rate fell in the fourth day in a row, it took 0.25 percent and dropped to 1,0500 when deciding the latest interest rates of the European Central Bank still put pressure on the delivery houses. Fiber translation. Today EURUSD broke under the EMA 89 at 1,05466, with EMA 34 at 1.05294 played an important role in the dynamic resistance. It is expected that after EURUSD touches the resistance of 1,05145, it will continue to be maintained. The nearest support is still at 1,04780, an important psychological area, if this level is broken, the money pair can decrease deeper to 1,04200. Traders should closely monitor the ECB interest rate information, and pay attention to the upcoming US CPI data, because this will be the decisive factor for the next trend.
Short
by Sophi-A
USD/JPY Gains Momentum Amid Stronger Dollar and Rising YieldsUSD/JPY is showing clear bullish momentum as the US Dollar strengthens for the second day, supported by rising US Treasury yields. The 10-year yield increased to 4.23% from 4.13%, widening the gap with Japanese bonds and pressuring the Yen further. Markets are cautious ahead of Wednesday's US CPI report, expected to show annual inflation rising to 2.7% in November, while core inflation remains steady at 3.3%. These numbers won’t likely change expectations for a Fed rate cut next week but could signal a more careful approach to easing in 2025. The Yen remains under pressure due to Japan’s dovish policies, contrasting sharply with the Fed's more neutral stance. With strong Dollar fundamentals and rising yields, USD/JPY is poised to climb higher, targeting 151.20 if it breaks above 150.50. Support at 149.50 remains a key level to watch for pullbacks. The outlook for USD/JPY is firmly bullish, with inflation data likely acting as the next major driver.
by Ryu_Axel
GBP/USD Holds Steady Around 1.267 Within Familiar WedgeGBP/USD continues to hover around the 1.267 level, trading within a familiar range marked by the wedge pattern on the chart. Despite recovering and moving above the EMA 34 and EMA 89 levels, the pair has yet to produce a strong breakout in either direction. Instead, it remains in a tug-of-war between buyers and sellers, resulting in modest and stable price fluctuations. The U.S. Bureau of Labor Statistics (BLS) is set to release revisions for Q3 Unit Labor Costs. The market expects the data to remain unchanged at 1.9%. If the BLS revises the figure higher, it could trigger a positive market reaction for the USD and apply pressure on GBP/USD. Conversely, a downward revision could have the opposite effect on the pair's movement. However, investors may prefer to wait for the release of the U.S. Consumer Price Index (CPI) data for November on Wednesday before taking significant positions. Until then, risk sentiment could influence USD valuation. If U.S. equities continue to decline after the market opens, the USD may maintain its strength, making it challenging for GBP/USD to attract buyers.
by Ryu_Axel
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.
by Maria_aaa
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.
OANDA:XAUUSD
by Maria_aaa
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.
Long
by Vanna-Cris
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.
by Vanna-Cris
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.
by Maria_aaa
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.
OANDA:XAUUSD
by Maria_aaa