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Gold Holds Near Record Highs Amid Market UncertaintyHello everyone, how was your trading last week? Let’s dive into today’s gold price analysis together. Gold is closing out the trading week, maintaining its momentum near recent record highs. The precious metal is currently priced at $2,985, with its highest recorded trade reaching $3,005. Gold’s rally remains strong, fueled by concerns over President Donald Trump’s tariff policies and the recent stock market sell-off. The ongoing global trade war has shaken financial markets, increasing recession fears and contributing to gold’s record-breaking surge. Looking ahead, a combination of strong central bank buying, robust investment demand, and expectations of Federal Reserve monetary easing is likely to keep gold’s bullish momentum intact throughout the year.
OANDA:XAUUSDLong
by Bommy_SaiGon
Bitcoin Under Pressure: Market Uncertainty Weighs on BTCToday, Bitcoin is facing downward pressure, fluctuating around 83,699 USDT as the USD strengthens and stock markets remain volatile. This weakness also stems from investor concerns over tighter monetary policies, which reduce the appeal of risk assets like BTC. From a technical perspective, BTC remains capped below the EMA 34 and 89 while testing the descending trendline. If it fails to break above this zone, we stick to the "trend is your friend" strategy—favoring sell positions as the price declines, with an ideal target set at 75,000 USDT. Wishing you a profitable trading day! Don’t forget to set your TP & SL properly!
Short
by Bommy_SaiGon
Update EURUSD latest today!Hello everyone, let's analyze EUR/USD together! As the trading week comes to an end, EUR/USD has regained its footing and is trading comfortably in positive territory, breaking away from two consecutive intraday pullbacks and aiming for the key 1.0900 level. This recent recovery has been driven by investor reactions to changes in risk perception. By the end of yesterday’s session, U.S. stock index futures rose between 0.6% and 1%. The Wall Street rally made it difficult for the USD to outperform its peers and opened the door for EUR/USD's recovery. Looking at the technical picture, EUR/USD has successfully broken out of its short-term downtrend channel and completed a trend correction to retest its previous breakout level. With the support and signals from Dow Theory combined with price action behavior, EUR/USD is showing promising signs for further upward adjustment under favorable conditions. What do you think about EUR/USD’s direction? Do you believe this is just a false breakout or a real opportunity for a continued rally?
Short
by Bommy_SaiGon
GBP/USD Consolidation: Is a Bullish Breakout Coming?Today, the GBP/USD pair is consolidating around 1.2940, testing resistance and the descending trendline after finding strong support at the 1.2930 zone. The price structure suggests a potential breakout scenario, with buyers gradually pushing against the trendline. Technically, the pair remains above the 34 and 89 EMA, reinforcing its bullish momentum. Recent price action also indicates that an upward breakout may be imminent. A move above 1.2955 would pave the way for a rally toward the psychological resistance at 1.2990-1.3000. However, it is crucial to watch the support level around 1.2930, as GBP/USD could seek fresh momentum at lower levels before confirming its next direction.
Short
by Bommy_SaiGon
GBP/USD: Bearish Divergence Signals Potential CorrectionThe GBP/USD pair is currently trading around 1.2924 after reaching a short-term high. On the 4-hour chart, the price continues to move within an ascending channel but has hit a key resistance zone near 1.2950. A significant technical signal to note is the bearish divergence on the RSI indicator. While the price continues to form higher highs, RSI is weakening, indicating that bullish momentum is fading. This suggests a possible downside correction in the near term. If GBP/USD fails to sustain above this resistance zone, we may see the price retrace towards the 1.2835 – 1.2850 support area. Conversely, a breakout above this level could push the pair toward 1.3000, but this scenario is currently less favorable given the dominance of divergence signals. Traders should closely monitor GBP/USD’s reaction at resistance levels and prepare risk management strategies accordingly.
Short
by Bommy_SaiGon
EUR/USD Declines: Reversal or Continuation?EUR/USD has experienced a slight drop towards the end of the week, currently trading around 1.084, pressured by the recovery of the US dollar and rising German bond yields. This correction has kept the pair within a parallel descending channel. Bears are expected to maintain control in the short term, with clear signs of selling pressure, particularly evident on the 1H chart. The key support level at 1.081 is seen as a crucial pivot point that could help the pair regain momentum. However, if this level fails to hold, sellers may push EUR/USD even lower to test new support zones. What’s your outlook? Will EUR/USD reverse its trend, or will the bearish momentum persist?
Short
by Bommy_SaiGon
Buy or Sell Gold? The Big Question of the MomentHello everyone, do you think it's time to buy or sell gold? Gold has experienced an impressive rally, breaking key resistance levels and reaching historic highs. The breakout above $2,954 has triggered strong bullish momentum, pushing prices closer to the psychological barrier of $3,000— a level that investors are closely watching. This remarkable surge has been supported by the weakening US dollar and rising demand for safe-haven assets amid global economic uncertainty. The confirmed breakout signals further upside potential, with buyers dominating the market and maintaining upward pressure. However, a short-term consolidation is expected around the current levels, with possible pullbacks to test support near $2,954 before another leg higher. If the bullish momentum continues, gold could extend its gains toward $3,030 in the coming sessions. As long as gold holds above the breakout zone, the uptrend remains intact. Stay tuned for upcoming economic data and geopolitical developments to confirm this record-breaking trend. Wishing you a great trading day!
OANDA:XAUUSDLong
by Bommy_SaiGon
USD/JPY Extends Downtrend Amid Sustained Bearish MomentumUSD/JPY continues its downward trajectory, with pdescending channel. Thisbearish outlook, suggesting that the **ppath of least resistance remains to the downside. The immediate support lies147.25, fkey 147.00 level. A146.55 - 146.50, and further down to 146.00. If bearish momentum strengthens, USD/JPY may test 145.40 - 145.35, with the ultimate downside target near 145.00. Traders should closely monitor price action, as any breakout or rejection at key levels could ddescending channel remains intact, the bearish bias is expected to prevail.
Short
by Bommy_SaiGon
Euro Gains Momentum, Targets Higher LevelsThe Euro continues its impressive rally, breaking past the 1.0900 mark and setting new highs as the US Dollar (USD) weakens sharply. Optimism surrounding Germany’s upcoming defense and infrastructure agreements further fuels the bullish sentiment. On Tuesday, EUR/USD buyers took control, propelling the pair toward 1.0950, though gains were short-lived. The pair tested fresh 22-week highs as Euro bulls extended their dominance, reinforcing the ongoing recovery trend. Looking ahead, the 1.0890 level serves as the first key support, followed by the EMA 34 and EMA 89 near 1.0850. A deeper pullback could see the pair testing 1.0830 before finding further buying interest. Wishing you a successful and profitable trading day!
by Bommy_SaiGon
Gold Struggles at Resistance: Reversal Ahead?Gold is currently trading around $2,915, hovering near its key resistance at $2,925. The market has failed to break above this level, indicating strong selling pressure and potential downside risks. On the technical side, price action shows a familiar pattern, where previous attempts to break resistance resulted in sharp declines towards support. If history repeats, gold may face further selling pressure, targeting the $2,887 support zone. A breakdown below this level could open the door for a deeper correction towards $2,850. Additionally, the RSI indicator suggests a neutral momentum, meaning a decisive move in either direction could be triggered soon. Traders should watch for a confirmed breakdown or a potential bounce from support before taking action. What’s your outlook? Will gold hold its ground or head lower?
OANDA:XAUUSDShort
by Bommy_SaiGon
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Gold Price Today: Sharp Drop Followed by a Sudden SurgeLast night, the global gold price briefly dropped to 2,865 USD/ounce, but it quickly surged back to 2,905 USD/ounce by the morning of February 13, 2025, driven by an increase in demand for safe-haven assets. The initial drop in gold prices was triggered by inflation data from the U.S., with the January 2025 Consumer Price Index (CPI) rising by 0.5%, higher than the expected 0.3%, sparking concerns about the FED's ability to maintain low interest rates. This information dampened expectations of a rate cut, putting pressure on the gold market. However, despite a slight sell-off, concerns about rising inflation and geopolitical tensions continue to fuel strong demand for gold as a safe-haven asset. The recovery in gold prices indicates that investors still trust the value of this precious metal as a hedge against global economic instability. From a technical chart perspective, gold is currently supported by the 2,879 USD/ounce level, setting the stage for a potential upward trend. The next target is to challenge the resistance level of 2,933 USD/ounce. If gold surpasses this level, it could quickly move toward the 2,950 USD/ounce mark. Breaking through the 2,933 USD/ounce resistance would open the door for a stronger rally in the short term, pushing gold toward higher levels and solidifying its position as an essential safe-haven asset in investment portfolios.
OANDA:XAUUSD
by Brigi_ta
EUR/USD Outlook: Tariff Concerns and Key Technical LevelsEUR/USD is stable around 1.0360 during the Asian trading session, after rising in the previous session. The currency pair may face downward pressure due to President Donald Trump’s plan to impose reciprocal tariffs, which could affect major countries such as Japan, the EU, and China. The Euro faces challenges as the Eurozone is particularly vulnerable to tariffs from the US. Risk-averse sentiment has also increased, compounded by the cautious stance of Fed Chairman Jerome Powell regarding interest rate cuts. From a technical analysis perspective, EUR/USD is currently trading around 1.0360 and is likely to encounter strong resistance at 1.0400. This is a key level, and if it is surpassed, the pair could continue to rise towards the next target of 1.0450. However, if the price fails to maintain above 1.0400, it is likely that EUR/USD will continue its downward adjustment. The nearest support level is at 1.0331, which was previously resistance and could now act as a significant support level. If the price breaks this support, the pair could continue its downtrend and find lower levels at 1.0290. Technical indicators suggest that momentum is weakening, and overbought levels on the hourly chart are gradually declining, indicating the potential for short-term correction. However, if EUR/USD maintains above 1.0400, the pair could return to an uptrend. Investors should keep an eye on signals from indicators such as RSI and MACD to track further changes in the pair’s price direction.
by Brigi_ta
Bearish outlook remains intact near 1.0300The EUR/USD pair continues to extend its decline, reaching around 1.0305 in the early European session on Tuesday. The U.S. dollar strengthened after U.S. President Donald Trump announced a significant increase in tariffs on steel and aluminum imports and stated that he would unveil reciprocal tariffs against other countries in the coming days. From a technical perspective, the bearish outlook for EUR/USD remains intact, with two key resistance levels at 1.0396 and 1.0329. While the pair is encountering resistance at the 1.0329 level, breaking through this level does not necessarily indicate a strong upward movement, as the pair still faces the previous resistance at 1.0396. If the downtrend continues, the pair could potentially decline towards the 1.0210-1.0200 range. Recommendation: Given the current bearish outlook and strong resistance levels above, entering a **sell** position around the 1.0329 or 1.0396 levels could offer a profitable opportunity. However, be cautious of fundamental factors that could change rapidly, especially any announcements from the U.S. government regarding tariffs.
by Brigi_ta
Gold price today (February 11): Shocking increaseThe global gold price has seen a strong increase, with spot gold reaching $2,908.3 per ounce, up $47.1, and gold futures climbing to $2,936.9 per ounce, an increase of $49.3. This surge is primarily driven by the demand for safe-haven assets amid concerns over new tariffs announced by U.S. President Donald Trump, which have raised fears of a trade war and inflation. Trump unveiled plans to impose an additional 25% tariff on imported steel and aluminum, while also forecasting the announcement of reciprocal tariffs this week. Experts believe these tariffs could worsen inflation in the U.S., and investors are awaiting the release of the CPI and PPI data to assess the impact. If inflation decreases, gold prices could continue to rise; conversely, if inflation increases, bond yields could rise, applying pressure on gold. From a technical perspective, gold is currently trending within a rising price channel, with significant support at $2,899 per ounce, which is expected to help maintain its upward momentum. Experts predict that, with the current upward trend, gold could quickly reach a new record high of $3,000 per ounce in the near future.
OANDA:XAUUSD
by Brigi_ta
Gold price today: Continues to rise across the boardGold prices today on the international market continue to rise, despite the increase in the USD value. Over the past week, gold prices have repeatedly set new records, at one point surpassing the 2,880 USD/ounce mark, approaching 3,000 USD/ounce. The main reason for this price increase is concerns about inflation. According to a report from the University of Michigan, inflation expectations for the next year have increased by 1%, prompting many investors to turn to gold as a value-preserving asset. I believe gold is an effective tool to protect against financial fluctuations, whether inflation, deflation, or recession. Recent indicators such as the CPI and PCE in the U.S. show that inflation remains persistent. At the same time, the stock market is showing signs of weakening, and public debt continues to rise, creating a favorable environment for gold prices to continue increasing. Looking closely at the technical chart, gold is currently in a strong upward trend with no signs of slowing down. With a solid support level at 2,853 USD/ounce, I predict that gold may continue to rise in the short term. Notably, the previous resistance at 2,880 USD/ounce has been broken, indicating a very strong upward momentum. Currently, gold is fluctuating around 2,896 USD/ounce and may soon reach the 2,900 USD/ounce mark. In this situation, the stop loss (SL) could be set at 2,860 USD/ounce to limit risk, while the take profit (TP) could be forecasted at 2,920 USD/ounce, assuming gold continues to maintain a stable upward trend.
OANDA:XAUUSD
by Brigi_ta
EUR/USD wobbles ahead of US NFP reportEUR/USD is currently stable around the 1.0400 level, but the outlook for the Euro (EUR) remains uncertain due to concerns that the Eurozone may face losses from higher tariffs imposed by U.S. President Donald Trump. Last weekend, President Trump warned that Europe would certainly face tariffs for not buying enough U.S. goods, although he did not provide many details. From a technical perspective, the EUR/USD pair could face downward pressure in the short term. The support level at 1.0228 is preventing the pair from dropping further, while the resistance at 1.0418 is the main reason for the temporary decline. To manage risk, you may set a **Stop Loss (SL)** at 1.0450, just above the resistance level to protect against further upward movement. **Take Profit (TP)** can be set at the support level of 1.0228, where the pair may find stability and potentially recover. However, these levels can be adjusted based on your strategy and trading time frame.
by Brigi_ta
Gold prices have surged despite the strengthening of the USDThis rise is attributed to the weakening of the USD and uncertainty surrounding the policies of US President Donald Trump. Investor concerns about the potential for a trade war and market volatility have driven demand for gold as a safe-haven asset. President Donald Trump is currently considering imposing a 10% tariff on imports from China, effective February 1st. This is also the same date he previously announced a 25% tariff on imports from Mexico and Canada. Given these developments, I expect gold prices to continue rising, primarily due to increased buying for safety ahead of new actions by President Trump. Gold prices are now approaching record-high levels. Key economic data to watch this week: - Thursday: Weekly Initial Jobless Claims report in the US - Friday: S&P Flash PMI and Existing Home Sales data in the US Based on technical analysis, with support levels at 2,621 and 2,658, gold has maintained its upward momentum. With the latest support at 2,694, gold continues to trend higher and may break through resistance at 2,758. The trendline also indicates a short-term bullish trend. If there are no significant changes, traders may set stop-loss (SP) at 2,680 and take-profit (TP) at 2,750 to protect profits and minimize risk.
OANDA:XAUUSD
by Brigi_ta
EUR/USD rises as Trump’s mild tariff plan reduces USD appealEUR/USD continues to maintain a solid upward trend above the key support level of 1.0400 in the European session on Wednesday, following a strong recovery in the North American session on Tuesday. The pair remains stable as investors assess the new tariff policies of the U.S. to adjust their positions. Over the past two days, U.S. President Donald Trump announced a 25% tariff on imports from Mexico and Canada, and 10% on China, effective from February 1. Trump also threatened to take measures to address the U.S. trade deficit with the European Union, though he has not provided specific details. Earlier this week, Trump stated that he would tackle the issue by "increasing tariffs or requiring the EU to buy more oil and gas from the U.S." However, these tariff threats appear less aggressive than market expectations, reducing demand for safe-haven U.S. dollars (USD). The U.S. Dollar Index (DXY), which tracks the value of the greenback against six major currencies, is currently trading near its lowest level in two weeks, around 107.90. EUR/USD is trading steadily near its two-week high of 1.0430 in the European session on Wednesday, after rebounding from a more than two-year low of 1.0175. The pair has recovered strongly, thanks to a positive momentum divergence and price action. However, a bearish divergence signal would be confirmed if EUR/USD breaks above the immediate resistance level at 1.0440.
by Brigi_ta
Gold Price Today, January 22: Hits 2-Month HighGold prices today rose sharply to the highest level in more than two months due to a drop in the USD, making gold cheaper for holders of other currencies. Investors are flocking to gold due to concerns about the tariffs that U.S. President Donald Trump may impose on goods from Canada and Mexico in February. Trump's policies could also lead to higher inflation, causing the FED to maintain high interest rates, which would impact gold prices. As you can see, on the technical chart at 4 PM, gold is trading with an upward trend and with support at 2,692, gold could gain momentum and potentially reach the 2,800 target. The stop-loss (SL) can be placed below the support level at 2,680 to minimize risk. With this upward trend, if gold continues its momentum and surpasses 2,700, it is highly likely that the price of gold will keep rising and challenge the 2,800 range in the coming days. For investors, this is a time to pay close attention and monitor market fluctuations. If gold continues to maintain its upward trend with strong external support, it could be a great opportunity to enter the market and capitalize on the next price increases. However, it is important to adjust strategies in response to changes in the political and economic landscape to protect profits and minimize risk.
OANDA:XAUUSD
by Brigi_ta
EUR/USD stays below 1.0400 after Trump's tariff commentsThe EUR/USD pair is currently facing strong selling pressure, trading around the 1.0380 level during the Asian session on Tuesday, after partially recovering from recent losses. The Euro continues to be negatively impacted by expectations of a dovish stance from the European Central Bank (ECB). The market expects the ECB to continue cutting interest rates by 25 basis points in upcoming policy meetings, due to concerns over the Eurozone's economic outlook and low inflation. These expectations are further reinforced by the belief that inflation in the Eurozone will remain stable near the ECB's 2% target, while uncertainty surrounding US trade policies is increasing. Technically, key support levels for EUR/USD are at 1.0260 and 1.0180, with a strong resistance level at 1.0410. If EUR/USD fails to hold above these support levels and breaks through them, the downtrend may continue, with the next target potentially being 1.0100. Traders may consider selling if the pair continues to decline and fails to break the resistance level at 1.0410. A sell entry could be placed at 1.0400, with profit targets at 1.0260 and 1.0180. Be sure to set a reasonable stop loss (SL) at 1.0450 to protect the account in case of an unexpected market reversal. In conclusion, with the combination of bearish fundamentals and technical signals, EUR/USD may continue its downtrend if it breaks the key support levels of 1.0260 and 1.0180. Traders should pay close attention to these levels for potential selling opportunities.
by Brigi_ta
JPY eased slightly ahead of Trump's inaugurationThe Japanese Yen (JPY) fluctuated between small losses and slight gains against the US dollar, with the USD/JPY pair trying to stabilize around the 156.15-156.20 range during the early European trading session on Monday. Core machinery orders in Japan increased for the second consecutive month, signaling further recovery in capital spending. This, along with bets that the Bank of Japan (BoJ) will raise interest rates later this week, provided a modest boost for the JPY. Additionally, a fresh round of US dollar (USD) selling contributed to the day’s decline in USD/JPY. However, a generally positive risk tone and the uncertainty surrounding the trade policy of incoming US President Donald Trump limited any significant upward movement for the safe-haven JPY. Traders also seem hesitant ahead of Trump’s inauguration speech on Monday and the highly anticipated BoJ two-day policy meeting starting on Thursday. From a technical perspective, Friday’s recovery from the support level marked by the lower boundary of the long-standing uptrend channel is slowing down near the 156.55-156.60 region. This area now serves as the immediate resistance, and a new short-sell position could allow the USD/JPY pair to reclaim the round number of 157.00.
TFEX:USDJPY1!
by Brigi_ta
EUR/USD regained the 1.0300 level ahead of Trump's inaugurationDuring the European session on Monday, EUR/USD regained the 1.0300 level, benefiting from market optimism and a weakening US dollar. Investors are currently preparing for the inauguration of President-elect Donald Trump, which has boosted positive sentiment and led to a decline in the greenback. The market's focus on important political and economic events has created an opportunity for the Euro to recover. From a technical perspective, the pair is maintaining an uptrend, with strong support at 1.019. If the price pulls back towards this support level, it could present a buying opportunity. On the other hand, the key resistance level is at 1.032, where the price might face strong resistance. If EUR/USD manages to break through this resistance, the pair may continue its upward trend towards higher levels. Traders should closely monitor price action around the support level of 1.019 and the resistance at 1.032. A breakout through these levels could signal clear buy or sell opportunities depending on the market's next move. Key Levels to Watch: Support: 1.019 Resistance: 1.032 Trading Strategy: Stop Loss (BUY): 1.018 Take Profit (BUY): 1.035 Always keep a close eye on market developments and apply sound risk management strategies to optimize profits and minimize losses. Good luck with your trading!
by Brigi_ta