EUR/USD is in a strong downtrend, pressured below key EMA levels. The resistance at 1.08396 acts as a roadblock, while the support at 1.07688 stands as a fortress for buyers.
The ideal strategy is to wait for the price to approach resistance for a sell position or look for a bounce signal from support for a short-term buy.
Remember to set a cautious stop-loss –...
Gold prices reached a peak of $2,771.61/oz on October 29, boosted by political uncertainties and expectations of a Fed rate cut, closing up 0.9% at $2,766/oz.
Supported by strong EMA levels and a steady trendline, gold's upward journey shows no signs of slowing down. The price near 2800 now stands as a critical resistance "wall" that buyers need to breach to open...
