Forexsignal
#EURUSD 1DAYEUR/USD 1-Day Chart Analysis:
Pattern: The EUR/USD currency pair is forming a channel pattern on the 1-day chart. This indicates that the price has been moving between two parallel trendlines, where the upper trendline acts as resistance and the lower trendline acts as support. The pattern suggests that the market is in a consolidation phase with no clear breakout direction yet.
Forecast: Sell. Given the current market structure, the EUR/USD appears to be closer to the resistance of the channel, which often provides opportunities for short-selling. A bearish reversal at the top of the channel could lead to a downside move towards the lower trendline. Traders might look for bearish signals such as a rejection of the upper trendline, decreasing momentum, or bearish candlestick patterns before entering a short position.
Risks: A breakout above the upper trendline could invalidate the sell signal and suggest potential upside. Therefore, it is crucial to monitor the price action closely around key levels.
World gold prices decreased despite the decline in the USD index
💎 Middle East situation: If a military conflict occurs, it is likely that Russia and China will intervene, because they have declared their side to protect Iran. This could push gold prices up sharply due to safe haven demand.
📈 Technically, after yesterday's breakout session, gold's upward momentum has returned, so the main trend of gold price in the near future is still going up.
⚡️ Trading strategy:
Buy Limit orders around two areas 262x and 264x.
Take profit (TP): around the first zone 2645, the second zone at 2665-2670 or higher depending on developments.
Stop loss (SL): below 6 price level for each pending order.
⚠️ Note: Need to closely monitor reactions from the NONFARM report and the geopolitical situation, especially if any tensions escalate in the Middle East, which could cause major fluctuations in gold prices.
Gold remains a safe choice in the current climate of conflict anThe world XAU price fluctuated slightly due to the impact of the US employment report and the tension in the Middle East. It is expected that the gold price will continue to fluctuate slightly next week, influenced by economic and political factors.
The dollar index and the return of currency authorityAccording to the behavioral analysis of the dollar index chart and the upcoming elections in America, there is a possibility of choosing the party that supports the return of the dollar to power in the global arena and very strong and accurate economic policies.
In the long term, the dollar index will reach the range of 120, but for a shorter period of time, according to the chart, it will reach the goals.
#XAUUSD 1HBased on the 1-hour analysis, I’m watching for a selling opportunity around the key resistance levels of 2673.00 and 2671.00.
Targets: 2662.00 / 2640.00 / 2625.00
However, with the major NFP event coming up today, there's potential for an upward spike. Avoid placing advance orders for now and wait for solid bearish confirmation before entering.
#XAUUSD
#XAUUSD 4HBased on the current 4-hour analysis, the price is hovering near the resistance zone. If the ongoing candle closes below 2655.00, it could signal renewed selling pressure, and we might see the price drop to 2625.00 or even 2600.00.
However, if the price closes above 2672.00, it could indicate momentum towards a new all-time high.
#XAUUSD
#GBPUSD 4HGBP/USD (4H) Buy Opportunity:
The GBP/USD pair is in an uptrend on the 4-hour chart. If the price breaks through the first resistance zone, there’s potential for a continuation toward the second zone. The uptrend is supported by bullish price action, higher lows, and strong momentum indicators like RSI.
Trade Idea: Enter a buy position on a confirmed breakout of the 1st zone, with a stop loss below the breakout level and target set at the 2nd zone.
Gold stands firm amid Middle East conflict outbreakThe world gold price increased quite strongly after Iran's airstrike on Israel, but also cooled down, then increased rapidly again. The gold price on the international market is holding high, showing its "durability" amid escalating tensions in the Middle East, after Iran massively fired hundreds of missiles at Israel. Israel's Iron Dome air defense system is said to have failed to stop many missiles.
In the context of the chaotic world political situation, especially in the Middle East, calling Bitcoin (digital gold) a safe haven has caused disagreement among many precious metal supporters.
Gold range higher read the caption Gold price is trading listlessly in a narrow range under the key $2,670 static resistance, lacking a clear directional impetus so far this Thursday. The focus now shifts toward a fresh batch of US economic statistics and speeches from Federal Reserve (Fed) policymakers fresh directives amid the escalating geopolitical conflict between Israel and Iran
#XAUUSD 1HBased on the 1-hour analysis, the price is consolidating around the support area, and I'm eyeing a potential buying opportunity from the key level and zone between 2640.00 and 2644.00.
Targets: 2655.00 / 2672.00
Avoid placing any advance orders for now. Look for strong bullish confirmations before entering.
#XAUUSD
#AUDUSD 4HAUD/USD 4-Hour Chart Forecast:
The AUD/USD pair is showing bullish potential on the 4-hour chart, signaling a buy opportunity. The price action appears to be testing a key resistance level, which, if broken, could lead to further upside movement.
Key factors supporting the buy forecast:
Resistance Breakout: The pair is challenging a significant resistance zone. A confirmed breakout above this level would likely trigger strong bullish momentum, potentially leading to new highs in the short term.
Bullish Pattern Formation: The chart may be forming a bullish technical pattern, such as an ascending triangle or inverse head and shoulders, which often indicates an impending breakout.
Momentum Indicators: Technical indicators like the RSI or MACD might be showing bullish divergence or a breakout above key levels, reinforcing the potential for further gains.
Traders looking to take advantage of the buy opportunity should watch for a confirmed breakout above the resistance level before entering the trade. Stop-loss orders can be placed below the breakout level or recent swing lows to manage risk. Profit targets should be set at key resistance levels or prior highs. Monitoring for any failure to break resistance is essential, but overall, the technical outlook supports a buy strategy for AUD/USD on the 4-hour chart.
#XAUUSD 1HBased on the 1H analysis, I'm watching for a selling opportunity around the key resistance zone between 2650.00 and 2653.71.
Targets: 2640.00 / 2632.00 / 2606.67.
Avoid placing any advance orders at this time. Wait for a solid bearish confirmation before entering the trade. There’s a chance the price could drop directly from the current levels.
#XAUUSD#GOLD
#XAUUSD 4HBased on our 4H analysis, I’m currently anticipating a selling opportunity around the key resistance zone near the previous all-time high. If we observe any strong signals in this area, we’ll begin setting our stop orders. However, be cautious—avoid placing any advance orders at this stage. Wait for solid confirmation before entering the trade.
#GOLD#XAUUSD
#EURAUD 1 DAYEUR/AUD 1-Day Chart Forecast:
The EUR/AUD pair on the 1-day chart is showing signs of bearish momentum, presenting a potential sell opportunity. The market appears to be in a downtrend, with price action favoring further declines in the short to medium term.
Here are the key factors supporting the sell forecast:
Downtrend Continuation: The pair is likely respecting a downward trendline or consistently forming lower highs and lower lows, indicating strong selling pressure.
Bearish Indicators: Technical indicators such as the RSI or MACD could be signaling bearish divergence or oversold conditions, confirming the potential for continued downside movement.
Key Resistance Levels: The pair may have recently bounced off a key resistance zone, providing an attractive entry point for short positions.
Traders considering a sell trade should place stop-loss orders above recent swing highs to manage risk, while targeting previous support levels as potential take-profit areas. Monitoring the market for any signs of trend exhaustion or reversal is crucial, but overall, the **technical outlook favors a sell strategy for EUR/AUD on the 1-day chart.