EURUSD Analysis==>>Pumping Soon!?EURUSD ( FX:EURUSD ) is currently moving near the Heavy Support zone($1.040-$1.022) , Potential Reversal Zone(PRZ) , and an Important Support line .
According to Elliott's wave theory , EURUSD is completing microwave 5 of the main wave 5 , so we should expect bullish waves soon .
Also, Regular Divergence (RD+) between Consecutive Valleys .
I expect EURUSD to rise to at least $1.049 AFTER the Downtrend line is broken , and if the Resistance zone($1.040-$1.022) is broken, we have to wait for further increases .
⚠️Note: If EURUSD breaks the Important Support line, we can also expect the break of the Heavy Support zone($1.040-$1.022).⚠️
Euro/U.S.Dollar Analyze (EURUSD), 4-hour Time frame ⏰.
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Forexsignal
Gold is still in a long term uptrend.At the beginning of the trading session on December 19 (US time), the world gold price continued to decrease after the US announced the number of unemployment benefit applications was 220,000, down from the forecast of 230,000 applications. This prompted the US Federal Reserve (Fed) to slow down the process of cutting interest rates in the future.
Previously, gold investors were disappointed when the Fed sent out an unfavorable signal right after the monetary policy meeting on December 18. The US Central Bank issued a new forecast, showing that there will be 2 rounds of 25 basis point interest rate cuts next year.
According to independent metal trader Tai Wong, Fed Chairman Jerome Powell revealed that he will slow down the process of cutting interest rates in the context of persistent inflation.
This message from the Fed will make the gold price trend worse in the long term.
Multinational investment bank Goldman Sachs predicts that demand for gold will remain strong as central banks seek to diversify their reserves, especially after Russia's assets are frozen in 2022.
🔥 XAUUSD SELL 2607 - 2609🔥
💵 TP1: 2600
💵 TP2: 2590
💵 TP3: OPEN
🚫 SL: 2615
Downward Pressure Persists as Yen Strengthens on Rate Hike HopeHey Realistic Traders, Will OANDA:CADJPY continue its bearish trend? Let’s Dive In....
In the H4 timeframe, CADJPY has broken out of a distribution phase as it continues to move below the bearish trendline and the EMA-200 line. The pair also formed a Rising Wedge pattern, followed by an impulsive breakout, which strongly indicates the continuation of the prevailing bearish trend.
Further confirming this outlook, the MACD momentum indicator has signaled a bearish crossover, strengthening our bearish hypothesis.
Given these technical factors, we anticipate a potential downward movement toward the nearest historical support area (Target 1) at 105.955. After reaching this level, we foresee a minor correction back to the green zone before the pair resumes its bearish journey to the second target at 104.902.
However, this bearish outlook remains valid only if the price holds resistance below the critical stop-loss level at 108.976.
Fundamental Reason Supporting Yen Strength:
The Bank of Japan (BOJ) is signaling further rate hikes as economic data, including wage growth and inflation, align with its projections. BOJ Governor Kazuo Ueda recently suggested that another rate hike is "nearing," citing steady progress in economic conditions. This hawkish stance further supports the bearish outlook on CADJPY, as a stronger yen typically exerts downward pressure on the pair.
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Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on CADJPY".
Could the Cable reverse from here?The price is reacting off the support level which is an overlap support that aligns with the61.8% Fibonacci retracement and could rise from this level to our take profit.
Entry: 1.2617
Why we like it:
There is an overlap support level that aligns with the 61.8% Fibonacci retracement.
Stop loss: 1.2523
Why we like it:
There is a pullback support level.
Take profit: 1.2731
Why we like it:
There is an overlap resistance level.
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World gold prices decrease when the USD increasesWorld gold prices fell more than 1% on Thursday as investors rushed to take profits after prices hit a 5-week high.
"Gold still has an upward trend. However, last night's decline may have occurred because investors sold to take profits ahead of next week's meeting of the US Federal Reserve (FED)" - Zain Vawda - analyst market analysis at MarketPulse commented.
This expert believes that the market is shifting its focus to next year's interest rate plan from the FED. This will determine the sustainability of the current uptrend. According to the CME FedWatch interest rate tracking tool, investors currently forecast a 98% probability of the FED cutting interest rates in December.
In its "2025 Outlook" report released on Thursday, the World Gold Council (WGC) said the gold market will face two distinct scenarios next year as uncertainty dominates investor sentiment. . However, their base case predicts gold prices will move relatively neutrally if current market conditions continue.
“The market consensus is that macroeconomic variables such as GDP, yields and inflation, if viewed in simple terms, suggest that gold will have positive but modest growth in 2025.
🔥 XAUUSD SELL 2698 - 2700🔥
💵 TP1: 2680
💵 TP2: 2670
💵 TP3: OPEN
🚫 SL: 2710
Xauusd shot XAU/USD fell towards $2,680 and remains under pressure as investors diggest US figures and the European Central Bank monetary policy announcement. Inflation in the US at wholesale levels rose by more than anticipated in November, according to the latest Producer Price Index release.
Gold now sell 2685
Support 2670
Support 2660
Resistance 2689
Resistance 2710
EUR/USD 15-Minute Analysis: Breakout Opportunityn the 15-minute time frame, EUR/USD is approaching a purple resistance zone. Here's my idea:
Entry Plan: If the price breaks out above the purple resistance with confirmation, it could provide a long entry opportunity.
First Target: The next resistance level in the pink zone.
Key Caution: Be mindful of the black line, where the Point of Control (POC) is located. This could act as a key level of reaction.
Monitor price action carefully as we approach these levels to confirm the breakout and validate the move.
Let me know your thoughts! 👍
XAUUSD Gold Spot Wave Analysis Elliott neoWaveThe gold chart is nearing the end of wave D and we should expect a price correction to complete wave E towards $2530 soon, but there may be a smaller upward wave remaining.
First entry: 2700
Possible second entry: 2740-2750
Stop loss: 2775
Take profit: 2530
This offer has a risk/reward ratio of around 3
Make sure to involve less than 2-3% of your total capital and stick to money management principles
This is just a suggestion for consideration
Xauusd sell signal Gold price sticks to its positive bias through the first half of the European session, though it remains below the $2,650-2,655 supply zone and remains confined in a familiar range held over the past two weeks or so. The USNFP report released on Friday reaffirmed bets that the Fed will lower borrowing costs in December.
Gold now sell 2657
Support 2645
Support 2635
Xauusd weekly chart Gold opened in a calm manner on Monday and spent the rest of the week fluctuating in a narrow channel at around $2,650. Trade Balance data from China and November inflation figures from the United States could help XAU/USD break out of its trading range next week.
Gold resistance 2666/2690
On the flip side, the Asian session low, around the $2,614-2,613 region, now seems to act as immediate strong support ahead of the $2,605-2,600 area. This is followed by the 100-day SMA, currently around the $2,583 zone, below which
Gold support 2604/2591
Bitcoin market analysis Key Indicators for a Possible Bitcoin Drop:
1. Descending Resistance (Trendlines):
• The red trendlines on both charts indicate a series of lower highs, suggesting sellers are becoming increasingly dominant.
• This descending resistance reflects bearish sentiment, as buyers fail to push prices above prior peaks.
2. Support Levels in Danger:
• The 1-hour chart highlights a critical green support zone between $90,000 and $89,000.
• Repeated testing of support levels without a significant bounce often signals weakening demand, increasing the likelihood of a breakdown.
3. Rejection at Key Levels:
• Both charts show price rejections near resistance levels. Repeated failures at these points indicate strong selling pressure and a lack of bullish momentum.
4. Divergences in Momentum Indicators:
• The bottom indicators in the charts, likely oscillators like RSI or MACD, appear to show bearish divergences. This suggests that while prices attempted rallies, underlying momentum weakened.
5. Short-Term Breakdown:
• The 5-minute chart depicts a sharp drop and subsequent consolidation below a key price level ($102,500). This consolidation might represent a bear flag, a continuation pattern signaling further downside.
6. Market Context (Macroeconomic Events):
• Upcoming economic data releases (referenced from Forex Factory) can introduce volatility. If the data is bearish for risk assets (e.g., hawkish Fed policies, poor global growth indicators), Bitcoin could face further downward pressure.
Outlook:
• A break below the green support levels (~$90,000) could trigger a cascading sell-off, with $85,000 or lower as the next potential target.
• However, sustained consolidation or a sudden bullish catalyst above $102,500 would invalidate this bearish thesis.
Gold Analysis December 6Fundamental Analysis
Gold prices continued to struggle for a firm near-term direction amid mixed fundamental signals and remained confined within a familiar range in the first half of the European session on Thursday. Persistent geopolitical risks stemming from the worsening Russia-Ukraine conflict, trade war fears, and political unrest in France and South Korea served as drivers of the safe-haven precious metal. Additionally, a weaker US dollar (USD) was seen as another factor providing some support to the commodity.
That said, expectations of a less dovish Federal Reserve (Fed) should trigger a modest rebound in US Treasury yields and limit the upside in non-yielding gold. In fact, comments from several FOMC members on Wednesday, including Fed Chairman Jerome Powell, suggested that the US central bank will adopt a cautious stance on rate cuts.
Technical Analysis
After this morning's unexpected technical decline, it seems that gold will want to fall into Nonfarm today. With prices pushing up near the 2637 area, it marks a recovery in the European session before gold is pushed back down in the US session. There are 2 breakout zones to watch at 2637 and 2643