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XAUUSDConan, hello everyone! Gold (XAU/USD) maintained its bullish momentum and traded at a fresh record high above $2,610 on Friday. Rising expectations that global central banks will follow the Fed in easing policy and cutting interest rates have boosted XAU/USD. However, a close look at the short-term chart shows that the yellow metal is struggling to capitalize on the immediate support at $2,618 to break above the resistance at $2,625 ahead of the weekend. Both the short-term and medium-term outlooks suggest that the bears are gradually gaining strength. The Relative Strength Index (RSI) is trending down in the bullish zone, indicating a potential momentum shift and a resumption of the correction. Current support is at $2618, if this level is broken the price will drop rapidly towards the targets to watch at $2610 and $2605.
OANDA:XAUUSDShort
by ConanTradingFX
EU extends uptrendConan is happy to see you all again. Currently, there are signs that the EURUSD market is bullish, with the level trading around 1.1160. Looking at our 4-hour chart, we can see that the EU has broken through the downtrend line and started to rise from 1.1068. If the price holds 1.1175, the next forecast is likely to be a drop to around 1.1130 in line with the correction and test of the 34.89 EMA. At this point, the EU will receive strong support, which will help the currency reverse and increase in value to new highs. Good luck to all of you and successful trading!
Long
by ConanTradingFX
1
Should I buy or sell EUR/USD today?Hello everyone! Today, let's follow the latest developments of the EUR/USD pair! Currently, EUR/USD is still maintaining an upward trend, holding below 1.1078. Despite a slight correction on Monday from 1.1200, there is nothing to worry about. Because in the short to medium term, the market sentiment remains very optimistic amid a weakening US dollar around the signals of expected 4 rate cuts this year, thereby supporting the currency pair. On the other hand, if EUR/USD finds support around 1.1068, I believe it will continue its upward momentum and may break the target level of 1.1200, paving the way for a journey to conquer new highs. That's my opinion! Do you agree? Share your thoughts!
Long
by ConanTradingFX
USDJPY Bullish Outlook?Conan, hello everyone! After a long period of decline, USDJPY has ended the trading day with a gain, currently trading at 143.85. It can be seen on almost all timeframes that UJ is making significant gains, indicating a very positive outlook for price growth. With UJ continuing to trade steadily at this high level, it is likely that the 142.80 price level will be retested in the near future, forming a trend line and using it as a strong support level for further increases. The current expected price level is 144.00 and then 147.00.
Long
by ConanTradingFX
EUR/USD: Waiting for a Decisive MoveThe current chart shows that EUR/USD is hovering around a key area, which could be a turning point for the pair's next trend. With the current price near the 34 EMA and 89 EMA, this is a key support area that if held could provide momentum for a new rally. The price is currently centered around 1.11839, just below the short-term resistance level, which shows some hesitation on the part of investors, waiting for further signals from the market or economic news that could affect the pair. A breakout above this level could demonstrate the strength of the uptrend and open the way for a higher target at 1.12200. Meanwhile, the support area with a lower limit is at 1.11000. A drop below this level could lead to a deeper bearish move, with the next target likely being 1.10022.
by Naoomi
Gold Sweeps New Highs After Fed Rate CutThe 4-hour chart for gold (XAU/USD) is currently showing a clear uptrend, with the price hitting a recent high of $2,625.445 per ounce before showing signs of a slight pullback. Notably, gold has broken above both the 34-day exponential moving average (EMA) and the 89-day EMA, indicating the strength of the uptrend. The recent price increase can be linked to the latest decision by the US Federal Reserve to cut interest rates by 0.5%, a move that is intended to stimulate the economy but has boosted safe-haven assets like gold. The market is reacting positively to the changes in monetary policy, and gold, as a safe-haven option, is expected to continue to rise in price amid the current uncertainty. For traders, the next resistance level to watch would be around $2,630. If gold breaks above this level, it could look for higher profit targets (TP) at $2,650 and possibly as high as $2,700, depending on market momentum and upcoming economic data. A stop loss (SL) is recommended at $2,580 to protect profits and minimize risk in case of a sudden price correction in the market.
OANDA:XAUUSD
by Naoomi
XAUUSD H4 Analysis - Details with Market LevelsPair Name = Gold Timeframe = H4 Analysis = technical + fundamentals Trend = Bullish Details :- Please see the Above chart To see The Gold Next Moves. We are currently in new Price Ranges. But we are also using our previous analysis and data to Follow the exact Path. Currently We Can see between two strong support and Resistance levels. As we can see at chart 2590 Gold Price level and 2615 Gold Price level. EMA 5 is indicating the trend of the market. EMA Cross over can range between 2590 to 2593. This kind market allow us to buy the dip and cash another next trend move. Strongest retesting zone exists between the price level 2580 to 2585 price level. EMA 5 Crossing levels:- 2590 To 2593 Retracement Zone:- 2580 To 2585 Bullish Gold Levels:- 2615 2638 Bearish Gold Levels:- 2580 2564 2556 2545 Stay tune we Will update again when market will give up another good direction move. With Different different time frame we check the market to get the Accuracte analysis according market next move.Happy trading.
OANDA:XAUUSDLong
by Alpha-GoldFX
Stable Weekend Session: Gold Set for Breakout Next Week?The current chart shows gold trading near key resistance with a steady uptrend. The market closed the weekend session without much sudden movement, reflecting stability following the Fed’s 50bp rate cut. This stability could extend into early next week, as the market continues to assess the long-term impact of monetary policy measures and macroeconomic developments. With the current price near $2,589, gold could test the resistance at $2,599 and, if successful, could continue to rise. Pay attention to the early trading session next week, if gold maintains its strong growth momentum and there are no negative signals from the market, the next target could be $2,650.
OANDA:XAUUSD
by Naoomi
Gold prices trade near historic highsGold prices hovered near the all-time high reached earlier this week amid a weaker USD and expectations of further Fed rate cuts. Moreover, concerns about economic slowdown in the US and China further supported the safe-haven asset XAU/USD. On the technical chart, XAU/USD is on track to retest recent highs and even extend gains, despite the positive market sentiment, as investors shed the USD. In addition, technical indicators have extended their advances into positive levels, albeit with limited upside strength as the XAU/USD pair develops below its recent highs. Given the current situation, do you expect a long-term bullish wave?
OANDA:XAUUSDLong
by BB_TradingFX
USDJPY: New High Set?Hello wonderful friends! USDJPY has struggled to conquer the recent gains at 144.00g. However, its upside momentum was limited after weak data released yesterday weakened the USD and affected the upcoming outlook of the major currency, as can be seen from the 143.50 setup on the 2-hour chart. On the technical chart, although the uptrend remains supported and the parallel price channel has been broken, the special thing is that there are signs of a potential top forming at 143.95. My strategy for today is Sell and we should see USDJPY reaching at least 142.00 again, which would be in line with the timing of the EMA test. What do you think about this?
Short
by BB_TradingFX
XAUUSD H4 Analysis - Bullish - Next target 2650Pair Name = Gold Timeframe = H4 Analysis = technical + fundamentals Trend = Bullish Details :- Please see the Above chart To see The Gold Next Moves. We are currently in new Price Ranges. But we are also using our previous analysis and data to Follow the exact Path. Currently We Can see between two strong support and Resistance levels. As we can see at chart 2565 Gold Price level and 2580 Gold Price level. EMA 5 is indicating the trend of the market. EMA Crossed over done between 2564 to 2568. That indicates the Bullish move. This kind of market allow us to buy the dip and cash another next trend move. Strongest retesting zone hit. The price level 2545 to 2556 price level. EMA 5 Crossing levels:- 2564 To 2568 Retracement Zone:- 2545 To 2555 Bullish Gold Levels:- 2590 2615 2638 Bearish Gold Levels:- 2564 2556 2545 2530 Stay tune we Will update again when market will give up another good direction move. With Different different time frame we check the market to get the Accuracte analysis according market next move. Happy trading.
OANDA:XAUUSDLong
by Alpha-GoldFX
Fed Pressure Pushing Prices Up?On the 4-hour chart of gold, we see that the price of gold has pulled back slightly from recent highs, but is still maintaining a positive uptrend above two exponential moving averages (EMAs), the 34 and 89. The 34 EMA, shown in blue, is above the 89 EMA in purple, indicating that the short-term uptrend is still intact. However, it is worth noting that the current slight decline has brought the price closer to the 34 EMA, which could be a key test to determine whether the uptrend is continuing. If the price of gold closes below the 34 EMA, it could be a sign of a deeper downside correction, while holding above this line could confirm that the uptrend is still in effect. Additionally, investors should keep a close eye on trading volume along with key support and resistance levels. Currently, the immediate resistance is at the recent high of around $2,580, and a breakout above this level could send the price higher. The key support level to watch is around $2,540, the low of recent days.
OANDA:XAUUSD
by Naoomi
GBP/USD: Will It Continue to Rise or Face Resistance?The technical analysis for the GBP/USD pair on the 4-hour chart shows that the British pound is trading near the 20-period and 50-period exponential moving averages (EMAs). Both EMAs are consolidating, creating a support area just below the current price. However, the Bollinger Bands are slightly widening, which could indicate an impending period of increased volatility. The GBP/USD pair is currently trading just below the recent high, increasing the likelihood of a move towards the next key resistance level. A break above the current resistance zone could lead to a fresh rally, while a pullback could retest the lower EMAs as support.
by Naoomi
GOLD H4 Analysis And Market MovesPlease see the Above chart To see The Gold Next Moves. We are currently in new Price Ranges. But we are also using our previous analysis and data to Follow the exact Path. Currently We Can see between two strong support and Resistance levels. As we can see at chart 2580 Gold Price level and 2550 Gold Price level. EMA 5 is indicating the trend of the market. EMA Cross over can range between 2573 to 2575. That indicates if Price breaks this level. Then we will see again bullish wave. This kind market allow us to buy the dip and cash another next trend move. Strongest retesting zone exists between the price level 2564,2556 and 2545 price level. EMA 5 Crossing levels:- 2573 To 2575 Retracement Zone:- 2545 To 2555 Bullish Gold Levels:- 2590 2615 Bearish Gold Levels:- 2564 2556 2545 2530 Stay tune we Will update again when market will give up another good direction move. With Different different time frame we check the market to get the Accurate analysis according market next move. Happy trading.
OANDA:XAUUSDLong
by Alpha-GoldFX