XAUBanker

XAUBanker

Since my last update on November 11, 2024, the EUR/USD pair has experienced a notable decline, breaking through the targeted price of 1.0425 and even testing the 1.0365 support line. This represents a cumulative drop of 300 pips since my last analysis and a significant total decline of 630 pips since I initially announced this multi-month bearish...

XAUBanker Updated 

In light of recent developments, particularly the election victory of Republican candidate Donald Trump, market sentiment has shifted significantly. As anticipated in my previous analysis, this outcome has fueled optimism, contributing to a further decline of the EUR/USD pair by over 130 pips. The so-called "Trump trade" continues to support the strength of the...

XAUBanker

In the week following my initial analysis, the EUR/USD pair has experienced a significant decline of over 100 pips, reinforcing the bearish sentiment previously discussed. This movement has been fundamentally driven, particularly following the ECB's decision last week to cut rates by 25 basis points, which aligned with pre-announcement expectations. ECB President...

XAUBanker

Gold (XAU/USD) is currently experiencing a strong bullish momentum, driven by fundamental factors that are supporting its price. Given the current market conditions, we do not anticipate significant pushback in the near term. On the daily chart, gold has been trading within an ascending channel since August 8, 2024. This channel is characterized by a tested lower...

XAUBanker

With just two days remaining before the ECB meeting, where another rate cut is anticipated, I conducted a technical analysis of the EUR/USD pair to gain a clearer understanding of potential price movements in the future. My analysis focuses on the 4-hour (4H), daily (1D), weekly (1W), and monthly (1M) timeframes. Notably, the charts indicate a healthy bearish...