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XAUUSD down Gold rebounds after finding support near $2,600 After posting losses for two consecutive days, Gold found support near $2,600 and staged a rebound early Tuesday. As investors refrain from taking large positions ahead of the New Year Day holiday, XAU/USD clings to daily gains at around $2,620From a technical point of view, the daily chart for XAU/USD shows the pair has met intraday sellers around a bullish 100 Simple Moving Average (SMA), while the 20 SMA turns south above the longer one. Technical indicators, in the meantime, gain bearish traction within negative levels, favoring a downward extension towards the December low at $2,582.93 In the near term, and according to the 4-hour chart, the bearish case is also solid. XAU/USD is currently developing below all its moving averages, with the 20 SMA gaining downward strength below the longer ones. At the same time, technical indicators head lower almost vertically, currently approaching oversold readings.Interested in weekly XAU/USD forecasts? Our experts make weekly updates forecasting the next possible moves of the gold-dollar pair. Here you can find the most recent forecast by our market experts
OANDA:XAUUSDShort
by KingForex078
EURJPY BUY | Potential Upsides | LONGEURJPY is moving in an UP trend channel. The chart broke through the dynamic Resistance line, which now acts as support. We expect a decline in the channel after testing the current level which suggests that the price will continue to rise Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity EURJPY I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
Long
by TheGrove
5
12/10 NQ & YM Market Analysis: Bears in Control, Awaiting RebouAs expected, U.S. markets continued their decline yesterday, with both the Nasdaq (NQ) and Dow Jones (YM) indices retreating further. The bears have firmly taken the lead, pushing the market downward and releasing selling pressure. 📌 Key Price Levels (Chip Life Line): Dow Jones (YM) Life Line: 44,511 Nasdaq (NQ) Life Line: 21,468 🔴 Market Outlook: Bears Lead, Watch for Rebound Signals 📉 Early Session: Bears Maintain Pressure The bearish momentum from yesterday is expected to persist through the early session. Selling pressure may continue dominating, making early entries risky. It’s wise to stay patient and avoid premature buying. 📈 Late Session: Rebound Potential If selling pressure eases, the market could stabilize and attempt a rebound later in the session. Watch for key price levels being tested or reclaimed near the life lines for signs of recovery. ⏳ Strategy Insight: Stay Patient, Wait for Signals With bears holding the upper hand, let the market fully digest selling pressure. Focus on observing how the market interacts with critical levels, especially near the life lines, before considering entry opportunities. 📢 Action Plan: Monitor closely for signs of market stabilization or reversal. Stay cautious and avoid hasty entries until support levels are confirmed. Watch for potential breakouts or retests of key life lines for better trading signals. 🚀 Want More Real-Time Market Insights? Follow us now to stay updated on the latest market trends!
CME_MINI:NQ1!Long
by EneriTrading
Bitcoin Important data bullrunBitcoin is showing signs of an impending bull run as critical data points align in favor of upward momentum. Institutional interest continues to grow, evidenced by increasing investments and positive sentiment from large-scale investors. On-chain metrics reveal a significant decline in the supply of Bitcoin on exchanges, suggesting that holders are preparing for long-term gains rather than short-term trades. Furthermore, network activity, including rising transaction volumes and active addresses, indicates growing adoption and user engagement. As these trends converge, Bitcoin's market dynamics point toward the potential for a strong and sustained rally in the near future.
OANDA:XAUUSDLong
by TradeAdvisory
Israel's Shift to Syria and Its Impact on Gold PricesOver the weekend, the fighting between Israel and Lebanon paused, and Israel turned its attention to Syria, hoping to use this move to weaken the Russia-Ukraine war situation. However, as of now, the situation remains deadlocked, and Ukraine has not gained any significant advantage. Many of you may not understand the connection between these events, but here’s a simplified explanation: Ukraine and Israel are in the same camp. While Ukraine has been facing difficulties in the Russia-Ukraine war, Russia holds over 80 strategic points in Syria. If Russia loses these, it would be a significant blow. So, Israel, as an ally of Ukraine, attacked Syria, hoping to help Ukraine gain an upper hand before a ceasefire, thus securing more significant benefits. However, up to now, things have not gone as smoothly as expected. Russia deployed troops to Syria, and in the process of attacking, they destroyed a command center of the four-nation alliance. Reports suggest that the leader of the Shams Liberation Organization may have been killed in the strike. Due to the stalemate in the war, gold's price movement has been unclear. In this situation, the focus should be on the developments in Syria. If Israel gains the upper hand, the probability of gold rising increases significantly. From a technical standpoint, the bulls currently have a slight advantage. Key support is at around 2635. As long as this support holds, the bullish momentum is likely to continue, and we may see a rapid rally at any time.
OANDA:XAUUSD
by TradingGuide_Dean
1