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GOLD: Technical Trends and Fed Meeting Impact AheadGold remains relatively stable, hovering around $2,644 on Wednesday as I draft this article. This follows a rebound from a one-week low reached on Tuesday. The precious metal is currently under some pressure as investors anticipate the results of the final Federal Reserve meeting of the year. From a technical standpoint, gold has already tested a significant daily demand zone, subsequently retreating from a high of $2,720. Now, the metal appears poised for a potential bearish trend as the US dollar continues to gain strength. Retail traders are predominantly holding long positions, whereas commercial traders seem to be reducing their long exposure, which could suggest a shift in market sentiment. Looking ahead, the upcoming economic data from the US, including the Federal Open Market Committee (FOMC) meeting today and the unemployment claims report tomorrow, could provide further support to the dollar. If these reports indicate stronger economic conditions, it may exacerbate a bearish trend for gold prices. As the market assesses the Fed's policy direction and its implications for interest rates and the dollar, gold will likely remain on the defensive. Investors should monitor these developments closely, as they could significantly influence gold's price movements in the near term. The combination of potential dollar strength and a shift in positioning among traders adds to the likelihood of continued bearish pressure on gold. ✅ Please share your thoughts about GOLD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
OANDA:XAUUSDShort
by FOREXN1
1
EUR/USD Downward Pressure: What’s Fueling the USD Rally?The EUR/USD currency pair kicked off the week on a negative trend, dipping below the 1.0500 threshold and reaching around 1.0460 on Monday. As I write this piece, the pair appears to be stabilizing, trading close to 1.05250 in early Tuesday’s London session. According to the latest Commitment of Traders (COT) report, retail traders have been increasing their long positions, while non-commercial players maintain a bearish stance. This divergence hints at the potential for further downward movement in the pair. A cautious market sentiment has fortified the US Dollar (USD) against its competitors, putting additional pressure on the EUR/USD pair. Compounding these challenges for the Euro are the political uncertainties in France. Reports indicate that the government is on the verge of collapse after both far-right and left-wing factions introduced no-confidence motions against Prime Minister Michel Barnier, as stated by Reuters. Moreover, the differing monetary policies of the Federal Reserve (Fed) and the European Central Bank (ECB) continue to impede any upward momentum for the euro. Attention today is directed toward the US Job Openings and Labor Turnover Survey (JOLTs) and speeches from Federal Reserve officials. An increase in job openings could further strengthen the USD and the DXY index against other currencies. Currently, we are observing market movements without planning to initiate any trades, wanting to assess potential price levels before considering future positions. ✅ Please share your thoughts about EUR/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
by FOREXN1
4
AUD/USD Declines as RBA Holds Interest Rates SteadyThe AUD/USD pair is experiencing continued downward pressure following the Reserve Bank of Australia's (RBA) decision to hold the Official Cash Rate (OCR) steady at 4.35% during its final policy meeting of the year. RBA Governor Michele Bullock articulated this choice at a press conference, highlighting that the interest rate has remained at this 12-year high for nine consecutive meetings in December. Currently, the price is trading around 0.6395, reflecting this bearish trend. Market participants are keenly awaiting key economic data, including the upcoming US Consumer Price Index (CPI) announcement and Thursday's unemployment claims, along with the Core Producer Price Index (PPI). These reports are anticipated to introduce considerable volatility into the market. Should favorable economic indicators emerge for the USD, the AUD/USD could potentially approach the next demand zone. At this time, we are not looking to initiate any positions but rather to monitor the price movement and await a possible reach toward that demand area. ✅ Please share your thoughts about AUD/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Short
by FOREXN1
1
EUR/USD Stagnates Near 1.0500: All Eyes on the Federal ReserveThe EUR/USD currency pair is currently consolidating within a narrow range, lingering around the 1.0500 to 1.0490 levels. As investors turn their attention to the upcoming Federal Reserve policy meeting, market sentiment remains cautious yet focused. Today's scheduled announcement regarding the US Federal Funds Rate, along with the subsequent FOMC statement and press conference, could further bolster the US dollar. Expectations are leaning toward a 25 basis point reduction in interest rates by the Fed. However, it is anticipated that the central bank will accompany this cut with somewhat hawkish commentary regarding future policy guidance. Such remarks could indicate that despite the rate cut, the Fed remains vigilant about economic conditions and inflation pressures. This meeting represents a crucial moment for market participants, as it could usher in significant volatility, particularly ahead of tomorrow's Unemployment Claims report. As traders assess these economic indicators, they are likely to position themselves accordingly, especially if the data reflects a robust labor market. Given the current landscape, our outlook for the euro remains bearish as the dollar shows a tendency to strengthen. The pressure on the eurozone continues to mount amid various economic challenges, making it difficult for the euro to gain traction against its US counterpart. As we navigate this period of uncertainty, traders are advised to keep a close eye on the developments from the Federal Reserve, as well as any shifting dynamics in the broader economic context. The next few sessions could prove pivotal for both currencies, influencing the short-term trading strategies of many market participants. We expect the dollar to maintain its upward trajectory, while the euro may struggle to hold its ground. ✅ Please share your thoughts about EUR/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Short
by FOREXN1
1
EUR/USD: Euro Under Pressure, the Impact of Future Rate cutsThe EUR/USD currency pair began its London session with a promising bullish impulse. Initially, it appeared that the euro was gaining traction as investors showed renewed interest. However, this optimism was short-lived as the European Central Bank (ECB) officials signaled support for further interest rate cuts, leading to a swift reversal of intraday gains. Market analysts expect the ECB to implement a substantial interest rate reduction of around 100 basis points in the upcoming year. This prospective easing of monetary policy has raised concerns among investors, prompting them to reevaluate their positions in the euro. As the sentiment shifts, market participants are paying close attention to the ECB’s next moves and how they will impact the euro's valuation. In addition to developments from the ECB, investors are also focused on the Federal Reserve's dot plot, which will provide insights into future interest rate projections in the United States. As the Fed navigates its monetary policy landscape, any signals of tightening could play a significant role in influencing global currency movements, particularly with the euro in the spotlight. The Current State of the Euro As I write this article, the euro has surrendered its intraday gains and is trading around the critical psychological level of 1.0490. This decline reflects strong bearish pressure currently weighing on the currency. From a technical analysis perspective, the trends suggest a sustained downturn, raising questions about the euro's ability to regain its footing. Looking back over the past decade, seasonality data reveals a generally bullish trend for the euro during this period. However, the recent political climate, particularly the election of President Trump, has fortified the DXY’s (U.S. Dollar Index) upward momentum. This unexpected resilience of the dollar adds another layer of complexity to the euro’s outlook. With a target price established at 1.0350 for the euro, market analysts see potential for further declines. If the euro approaches this level, it could prompt a reaction from traders. However, at this juncture, the sentiment indicates little chance for a significant reversal in direction. The coming weeks will be critical as both European and U.S. economic data continue to unfold, shaping the trajectory of the EUR/USD pair. In conclusion, while the EUR/USD pair started on a bullish note, the recent signals from the ECB and the prevailing market sentiment point toward a challenging environment for the euro in the short term. Traders will need to navigate carefully as they weigh the implications of interest rate cuts and geopolitical developments in their strategies. ✅ Please share your thoughts about EUR/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Short
by FOREXN1
4
INJ Long Swing Trade OpportunityMarket Context: INJ has entering a key area of support, offering a strategic opportunity to ladder into a long spot trade. This swing trade setup allows for strong upside potential while maintaining clear risk management. Trade Details: Entry Zone: Between $22.55 - $23.50 Take Profit Targets: $31.00 - $35.50 $45.00 - $50.00 Stop Loss: Just below $21.00 This setup provides an excellent risk-to-reward ratio for a swing trade as INJ consolidates within support, setting up for potential upside continuation. 📈
Long
by Richtv_official
SILVER Will Explode! BUY! My dear subscribers, SILVER looks like it will make a good move, and here are the details: The market is trading on 30.206 pivot level. Bias - Bullish My Stop Loss - 28.814 Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 30.873 About Used Indicators: The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. ——————————— WISH YOU ALL LUCK
OANDA:XAGUSDLong
by AnabelSignals
3
USDCHF A Fall Expected! SELL! My dear followers, This is my opinion on the USDCHF next move: The asset is approaching an important pivot point 0.8939 Bias - Bearish Safe Stop Loss - 0.8966 Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 0.8891 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
NZDCHF The Target Is UP! BUY! My dear followers, I analysed this chart on NZDCHF and concluded the following: The market is trading on 0.5121 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 0.5146 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
NZDCAD Sellers In Panic! BUY! My dear friends, NZDCAD looks like it will make a good move, and here are the details: The market is trading on 0.8205 pivot level. Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 0.8215 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
EURUSD Set To Fall! SELL! My dear friends, Please, find my technical outlook for EURUSD below: The instrument tests an important psychological level 1.0498 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.0482 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1