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SELL

Strong Recovery After Prolonged DowntrendGold prices have recovered strongly to $2,610/ounce in today's trading session, up $48 in just the past 24 hours. This move shows increased bottom-fishing demand after the precious metal fell a total of more than $120/ounce in the previous five trading sessions. Technical Analysis Looking at the gold price chart, the EMA 34 and EMA 89 still show a medium-term downtrend. However, the current strong bullish candle is challenging these dynamic resistance levels. If gold continues to surpass $2,620, the uptrend could extend to the resistance zone near $2,650. On the contrary, if it fails to stay above $2,600, the possibility of a reversal back to the support zone of $2,560 is quite high. Fundamentals Support Geopolitical situation: Escalating tensions in the Ukraine region with the participation of long-range weapons from the US and military moves from Russia and North Korea have boosted safe-haven demand for gold. Bullish forecast: A report from Goldman Sachs with a forecast of gold prices reaching $3,000/ounce by the end of 2025 is creating positive sentiment for the market. Bargain hunting demand: After a series of sharp declines, large financial institutions have started to increase purchases, pushing gold prices up rapidly. Review Based on the above factors, I expect gold prices to retest the important resistance zone at $2,650 in the short term. However, it is necessary to closely monitor the market's reaction at the $2,620 area. If the breakout fails, selling pressure may reappear.
OANDA:XAUUSD
by Maria_aaa
Bullish momentum stalls amid resistanceUSD/JPY is currently trading around 154.57 after a strong rally. It seems that the bulls have run into pressure at the 155.00 resistance zone, while technical and market sentiment factors are also influencing the next direction of the pair. Technical analysis: Nearest resistance: 155.00 - a strong psychological resistance zone where the price is struggling to overcome. Nearest support: 154.00 - a key support level, if broken, the price could fall further to 153.00. EMA 34 and EMA 89: The price is trading around EMA 34 (short-term support), but is still above EMA 89, suggesting that the medium-term uptrend is still in place. Price pattern: There are signs of a pause, with the possibility of forming a "Pullback" pattern or a slight reversal before continuing the main trend. Personal opinion: I see the market facing a dilemma between buying and selling forces. The recent increase in USD is supported by high US bond yields and positive market sentiment. However, if it fails to break above the 155.00 zone, USD/JPY may correct slightly before looking for new momentum to continue rising. Trading strategy: Buy: When the price breaks above 155.00, the next target is 156.00. Sell: When the price falls below 154.00, the next support target is 153.00.
by Maria_aaa
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
Signs of Recovery or Resistance Ahead?Currently, GBP/USD is trading around 1.26857, indicating a slight recovery after the previous extended bearish phase. The British pound is showing more positive signs, however, the pressure from the EMA 89 resistance has not been completely broken. The GBP/USD pair remains in an overall downtrend, confirmed by lower highs and lows. The EMA 34 and EMA 89 continue to slope down, indicating that selling pressure is still dominant. Resistance and support: Nearest resistance: The area around 1.2700-1.2720, which coincides with the EMA 89. This is an important zone that needs to be broken to confirm a short-term reversal. Key support: The 1.2600 area, where the pair has found buying pressure in recent sessions. If this zone is broken, GBP/USD could fall further to 1.2540. Personal view: I expect GBP/USD to continue its slight recovery in the short term to test the resistance zone of 1.2700-1.2720. If it fails to break, the price will reverse and retest the support at 1.2600. However, if there is a strong news factor supporting the pound, the pair could break above the 89 EMA and open the door for further gains.
by Maria_aaa
Recovery Trap or Breakout Opportunity?On the EUR/USD 4-hour chart, the bearish bias remains dominant. The pair is attempting to recover from the recent low at 1.0540, however, the important resistance zone around the 34-EMA (1.0600) is holding back the upside momentum. If EUR/USD fails to overcome the resistance zone of 1.0600 - 1.0620 in the coming sessions, selling pressure will return strongly, pushing the price towards the support zone of 1.0550 and even 1.0500. On the contrary, a clear breakout above 1.0620 could open the door to a test of the 1.0650 zone, however, the upside outlook remains challenging amid the long-term downtrend. Trading Strategy: Short: When price fails to break above 1.0600, place a sell order with target at 1.0550 and further at 1.0500. Long: Consider buying if price breaks above 1.0620 with high volume, target at 1.0650.
by Maria_aaa
EURUSD: Consolidation Under Strong USD PressureEURUSD is currently in a consolidation phase, trading around 1.0555, with a descending triangle pattern dominating the short-term trend. The EMA 34 and EMA 89 lines above the current price act as dynamic resistance levels, increasing selling pressure. The critical support level at 1.0523 has been tested multiple times and remains a key threshold preventing a deeper decline. Meanwhile, the nearest resistance level is at 1.0570, and if the price breaks above this level, EURUSD could experience a short-term recovery targeting higher levels. However, if the descending trendline is not breached, the price may revisit the support area at 1.0523. The overall trend remains pressured by a strong USD, driven by expectations that the Fed will maintain high interest rates, while weak economic data from Europe continues to weigh on the EUR. Investors should closely monitor U.S. economic reports this week, particularly employment data and Fed statements, as these will be key factors in determining the next direction for this currency pair.
by Vanna-Cris
XAUUSD Recovery: Testing Resistance at 2,620Currently, XAUUSD is attempting a recovery after hitting the key support level at 2,530 USD. This support zone has shown significant buying interest, pushing prices up from the recent low. However, the overall trend remains bearish, influenced by the EMA 34 and EMA 89 lines above, acting as dynamic resistance. The price is now trading around 2,583 USD and is likely to test the nearest resistance zone at 2,620 USD. If this resistance is breached, the recovery trend could extend further, aiming for higher levels. Gold remains under pressure from a strong USD, driven by expectations that the Fed will maintain high interest rates. However, investors should pay close attention to this week’s U.S. economic data releases, including employment and inflation figures, as they could significantly impact USD strength and gold’s next direction.
OANDA:XAUUSDLong
by Vanna-Cris
Gold in Bears' ControlI am watching the recovery in gold, currently trading around $2,586/oz. With the USD rising sharply after President-elect Donald Trump's victory and expectations of higher inflation, the Fed is likely to maintain high interest rates. This is creating significant pressure, making it difficult for gold to continue to break above the 34-EMA and 89-EMA. In addition, comments from Fed Chairman Jerome Powell about not being in a hurry to cut interest rates further reinforced the USD's bullish momentum and reduced the appeal of gold. However, geopolitical tensions in the Middle East and between Ukraine and Russia remain a slight support factor for the precious metal's safe-haven status. Personal view Key resistance: $2,600–$2,625, which the price needs to break above to generate upside momentum. Potential support: $2,550, which is an important area I will wait to test. If the price fails to surpass $2,600, I believe there is a high possibility of a further decline to $2,550, consistent with the current market scenario. I will prioritize a short-term selling strategy in the resistance zone.
OANDA:XAUUSD
by Maria_aaa
USDJPY Strengthens: Support at 154.43 & Target 157.80 USDJPY continues its strong uptrend, currently trading around 154.649 within an ascending price channel. The EMA 34 and EMA 89 lines lie below the current price, acting as dynamic support to sustain the bullish momentum. The key support level at 154.43 will be crucial if a pullback occurs. If the price holds above this level, USDJPY is likely to continue rising toward the next resistance at 157.80. However, a break below 154.43 could increase bearish pressure. The USD's strength is supported by expectations that the Fed will maintain high interest rates, while the BoJ's loose monetary policy weakens the JPY. Investors should closely monitor U.S. economic data this week to assess USDJPY's next move.
by Vanna-Cris
Price compression signals a strong trendCurrently, EUR/USD is trading around 1.0540, in a clear price compression zone. The 34 and 89 EMAs still show that the downtrend is dominant. The price remaining below these EMAs further reinforces the selling pressure in the market. Technical analysis: Nearby resistance: 1.0560 - the 34 EMA zone, where the price may face strong selling pressure if approached. Nearby support: 1.0520 - this is an important support level, if broken, it will trigger a stronger downtrend. Price pattern: The price is forming a symmetrical triangle structure, suggesting a possible breakout in the near future. Personal view: I see the market waiting for a decisive breakout. If it breaks below 1.0520, the next downside target will be 1.0480. Conversely, if the price breaks above 1.0560, it is likely to test 1.0600. However, with the downward pressure from the strong USD, I am leaning towards the bearish scenario. Trading Strategy: Sell: On a break below 1.0520, target 1.0480. Buy: On a break above 1.0560, target 1.0600.
by Maria_aaa
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
BTCUSDT’s Surge: A Bullish Breakout UnfoldsBTCUSDT is currently trading around 75,000 USDT, showing a swift bullish breakout. This upward movement is reinforced by powerful waves that continue to build momentum, establishing fresh support levels on the chart. Adding to the bullish sentiment, signals from the EMA 34 and 89 indicate stability and strength for the bulls. From my perspective, a buying strategy remains favorable, with a target set at 80,000 USD. What’s your take on it?
Long
by Sanhara
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.
Editors' picks
Short
by Mr_Siro
2
EURUSD Under Pressure Amid Persistent USD StrengthLast week’s trading session saw EURUSD lingering near its lows with minimal movement. Currently trading around 1.508, the pair remains favorable for sellers, driven by sustained bearish momentum. The U.S. dollar continues to gain strength, fueled by policies linked to the Trump administration, further weakening the euro. On the technical front, bearish signals are evident, with consistent reversals near the 34 and 89 EMA, reinforced by trendlines, support/resistance levels, and Dow Theory patterns. Looking ahead, potential trade policies under Trump’s administration, such as tariffs on European and Chinese goods, could drive U.S. inflation higher. If the Federal Reserve maintains a cautious or hawkish approach, this would likely provide continued support for the dollar, keeping EURUSD under downward pressure.
Short
by Mr_Siro
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
XAUUSD Declines Sharply: Support at 2,488 Under USD PressureCurrently, XAUUSD is in a strong downtrend, trading around 2,551 USD/ounce after failing to hold above the previous support level at 2,605 USD. This move has pushed the price closer to the next support level at 2,488 USD, with a high probability of further decline unless strong buying signals emerge. The 34 and 89 EMA lines are positioned above the current price, acting as dynamic resistance, sustaining selling pressure and reinforcing the downtrend. The primary trend remains bearish, and if XAUUSD cannot reclaim the resistance zone at 2,605 USD, prices may correct further toward 2,488 USD or lower. With a strong USD supported by expectations that the Fed will maintain high interest rates, gold continues to face pressure from financial markets. However, investors should closely watch U.S. economic data and any announcements from the Fed, as these are key factors that could impact the future direction of gold prices.
OANDA:XAUUSDShort
by Vanna-Cris
1
GBP/USD Faces Strong Selling, Downtrend May ContinueLooking at the 4-hour chart of GBP/USD, I notice that the pair is in a clear downtrend, with the EMA 34 and EMA 89 both sloping down, indicating strong selling pressure. The current price is approaching the bearish support line below the 1.2740 area. The psychological resistance zone around 1.2800 – 1.2850 has been tested several times but failed to break above. This shows that the selling pressure is still dominant and is likely to push the price further down if there are no signs of strong support. My trading plan is to wait for a small correction to the resistance zone of 1.2800. If the selling pressure persists in this area, I will consider entering a short position with the target of approaching the lower support zone around 1.2700 or lower. Conversely, if price breaks and goes above 1.2850, I will re-evaluate my strategy.
by Maria_aaa
2
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
Next Target Fibonacci ExtensionLooking at the USD/JPY 4-hour chart, I see that the uptrend remains quite strong, with the price trading above both the 34 EMA and the 89 EMA, suggesting that the bullish momentum continues to hold. Based on the Fibonacci extension analysis, I am particularly interested in the 1.618 level around 157.00, which could be the next key resistance. I expect a short-term correction before continuing the uptrend towards this target. If the price falls towards the 0.618 Fibonacci support near 154.00, this would be an ideal opportunity to look for a long entry. Conversely, if the price breaks above 157.00, the uptrend could be further reinforced, while if the momentum weakens, the price could trade sideways around the EMAs.
by Maria_aaa